“Agreements have been reached regarding each country’s share of the...
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Sharia-compliant Qatar Islamic Insurance Group receives license to set up operations in GIFT-IFSC
It will be joining other leading players Abu Dhabi National...
Meta reaches $16.68 billion settlement over social media harms to children
The settlement resolves claims brought by 29 U.S. states, and will...
MS Amlin expands cyber portfolio with senior underwriting hires
“As market conditions evolve, we are focused on broadening out parts of our existing portfolio where we see the potential for further growth. Cyber is one of those areas, and we believe there is a clear opportunity to build a larger and more meaningful position in the...
Sudden flood sweeps through northern Nepal, Nearly 100 killed, over 750 missing
The flash flood damaged eight operational hydropower projects with a total capacity of 354 MW and five under-construction projects located in Nuwakot and Rasuwa districts, according to a statement by the Independent Power Producers’ Association Nepal (IPPAN)....
Some oil companies to avoid ships on Iran blacklist
Some of the tankers Iran listed are owned or chartered by Saudi Aramco and Abu Dhabi National Oil Co (ADNOC). The ships have been used for shuttling crude, refined products and liquefied natural gas (LNG) out of the Gulf for STS transfer off Fujairah in the UAE or...
Chinese hackers ramping up attacks after integrating DeepSeek
DeepSeek is the AI of choice for Chinese hackers because it’s relatively powerful with very low cyber guardrails,” said Charles Li, chief analyst at TeamT5. “Western models are highly sought-after but their guardrails are much more strict and require a lot more effort...
Japan’s Tokio Marine eyes insurer Suncorp as preferred takeover target, FT reports
Tokio Marine reviewed several takeover targets over the past months, including Insurance Australia Group (IAG) and Suncorp, as well as Canada’s Intact Financial Corp., the report said. Japanese insurer Tokio Marine has identified Australian insurer Suncorp as a...
‘Conflicts choking global trade arteries…’: UN Secretary General calls for protection of global shipping, restoration of navigational freedoms
In a post on X, United Nations Secretary-General Antonio Guterres said, "Conflicts in different regions are choking arteries of global trade & squeezing the global food system. Navigational rights & freedoms are vital for international peace & security...
US warns of expanded sanctions against Iran and its partners – as it happened
US President Donald Trump has vowed to hit Iran hard economically and Tehran has threatened to shut down all oil exports from the Gulf 'if the economic war continues'. Washington:The US announced a new economic sanctions plan targeting Iran and its trade partners....
Asia-Pacific reinsurers show resilience amid evolving market landscapes:AM Best
Asia’s renewal period in 2026 is buyer-friendly, with abundant capacity and falling rates enabling cedents to enhance protection and support growth, while retention levels largely remain stable. The expectation for 2027 is continued rate easing on non-loss-impacted...
Indian rescuers search for 22 people missing after Panama-flagged cargo ship sinks
The two Chinese seafarers said the vessel, called the Ocean Winner, had developed a list on Friday and sank within eight minutes, forcing the crew to abandon ship, Shyam Jagannathan, director general of India's Maritime Administration. The missing crew members...
Iran announces service fees for ‘authorised’ ships transiting Strait of Hormuz
"Fees will be charged for services including navigation, environmental, fueling under certain conditions, insurance, safety and other services we provide," Iran's National Security Commission Spokesperson Ebrahim Rezaei Iran on Sunday said that vessels from...