Saudi-led alliance moves to isolate Qatar over Iran tensions

RIYADH/WASHINGTON (June 5): Saudi Arabia and three other Arab countries cut off most diplomatic and economic ties to Qatar in an unprecedented move designed to punish one of the region’s financial superpowers for its ties with Iran and Islamist groups in the region.

Oil jumped after Saudi Arabia, Bahrain, the United Arab Emirates and Egypt said in statements they will suspend air and sea travel to and from Qatar. Saudi Arabia will also shut land crossings with its neighbor, potentially depriving the emirate of imports through its only land border.

Southeast Asia's biggest startup said to file for US$1 bil IPO

SINGAPORE (May 24): Sea, Southeast Asia’s most valuable startup, has filed confidentially for a potential US initial public offering that could raise about US$1 billion ($1.4 billion), according to people with knowledge of the matter.

The company, formerly known as Garena, filed confidentially with the US Securities and Exchange Commission in the past few weeks, according to the people, who asked not to be identified because the information is private. Sea is considering listing in early 2018, though no final decisions have been made, one of the people said.


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