Saudi Chemical Maker Sabic Evaluating IPO of Industrial Gas Unit
Saudi Basic Industries Corp., as the company is officially named, began a study to evaluate 'strategic options' concerning National Industrial Gases Co., according to a statement on Wednesday. The review will consider an initial public offering on Saudi Arabia's main market, Sabic said.
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23 minutes ago
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Starmer to urge Trump to end the mass starvation in Gaza
Sir Keir Starmer will plead with Donald Trump to bring about a ceasefire in Gaza and end the suffering of thousands of Palestinians when he meets with the US president in Scotland on Monday. The growing crisis in the Middle East will top the agenda when the two hold their bilateral meeting at President Trump's Turnberry golf course in Ayrshire, with the prime minister under immense political pressure to change the UK's policy on recognising Palestine as a state. It comes after the IDF announced a 'tactical pause' in fighting to allow aid to get in, with thousands of people trapped in Gaza facing mass starvation. On Sunday, Jordan and the UAE carried out the first airdrops of food and essential supplies. A Downing Street source said that the prime minister and the president have a 'shared desire to bring an end to the barbaric war'. The meeting comes after a Sunday bilateral between Mr Trump and European Commission president Ursula von der Leyen at Turnberry, where the two struck a trade deal to avoid a tariff war despite the US president having told reporters beforehand that he was 'not in a good mood'. It was put to Mr Trump that Sir Keir would ask him about a Middle East ceasefire, but he replied: 'We're meeting about a lot of things. We have our trade deal and it's been a great deal. 'It's good for us. It's good for them and good for us. I think the UK is very happy, they've been trying for 12 years to get it and they got it, and it's a great trade deal for both, works out very well. 'We'll be discussing that. I think we're going to be discussing a lot about Israel. They're very much involved in terms of wanting something to happen. [Starmer] is doing a very good job, by the way.' The mini-summit at Turnberry was intended primarily to focus on the continuing problem of steel tariffs imposed by President Trump, and other aspects of the trade deal the two signed last month. Sir Keir also wants to press the president on providing a backstop for the 'coalition of the willing' he is establishing with French president Emmanuel Macron to provide a guarantee of peace in Ukraine once the war with Russia comes to an end. But with harrowing pictures emerging over the past week of malnourished children in Gaza, alongside reports of the impact of starvation in the territory, the Middle East crisis has risen to the top of the agenda. Sir Keir is hoping that the strong personal relationship he has developed with the US president will help him in persuading Mr Trump to move on a number of these issues. The two will continue to talk when they travel together to Aberdeen for a further private dinner at Mr Trump's other Scottish golf course, which is dedicated to his mother. The president is looking for support to host an Open championship. Downing Street has insisted that 'the strength of the UK-US relationship will be on display again' as the prime minister meets President Trump for what it described as 'wide-ranging talks'. But the meeting is likely to be overshadowed by pressure on Sir Keir to join Mr Macron in officially recognising a Palestinian state. There was some speculation on Friday that the prime minister was close to doing so, after 221 MPs signed a cross-party letter supporting the move. Labour's biggest donors, the trade unions, have also collectively demanded action on recognising Palestine. Sir Keir used his strongest language yet on Friday when he described Israel's actions in Gaza as 'unspeakable and indefensible', adding that Palestinians have an 'inalienable right' to their own state. Pressure was further added by Mr Macron's announcement that France was preparing to recognise Palestine as a state, just ahead of an E3 phone call on Friday with Sir Keir and the German chancellor Friedrich Merz. But Sir Keir has held off taking similar action, with some suggesting that he wanted to see what President Trump would have to say about the crisis at their meeting at Turnberry before making a final decision. The problems kicked off further on Sunday, when Live Aid founder and former pop star Sir Bob Geldof clashed with Tory leader Kemi Badenoch on the topic of Israel and Gaza. The two appeared on Sir Trevor Phillips's Sunday morning show on Sky News. When asked about Israeli government claims that there are hundreds of trucks full of aid waiting to get into Gaza that are being held up by United Nations incompetence and Hamas, Sir Bob hit out at Benjamin Netanyahu and his government. 'The Israeli authorities are lying,' he claimed. 'They're lying. Netanyahu is a liar. The IDF are lying.' The comments enraged the Israeli government, which has denied being at fault after reports emerged that more than 110 people have died of hunger during the conflict. Israel has blamed Hamas for 'stealing aid and prolonging the war'. Israel's deputy foreign minister, Sharren Haskel, told The Independent: 'Bob Geldof says that 'we are way beyond' the attack by Hamas on Israel on 7 October 2023. This is complete rubbish. Hamas still holds 50 hostages in their dungeons of torture. They have been held for 660 days. I don't hear Bob Geldof calling for their release?' When Sir Bob's remarks were put to her by Sir Trevor, Ms Badenoch said he was wrong. She said: 'I disagree with that. What I'm seeing is Israel allowing humanitarian aid to go in. This has been an unbelievably difficult situation. It's been heartbreaking seeing some of the pictures, hearing those stories, and what we all want to see is this awful war coming to an end, and that will happen when those hostages are released. We need a ceasefire.' Polling by More in Common has shown that the British public side with Palestinians more than with Israel, by 29 per cent to 15 per cent.
Yahoo
5 hours ago
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Betterhomes Reports Dubai Residential Property Market Remains a Global Magnet in H1 2025 with Sales Surging
DUBAI, UAE, July 23, 2025 /PRNewswire/ -- Dubai's residential real estate market continues to defy global headwinds, delivering another record-breaking performance in the first half of 2025. According to the newly released Shaping Skylines Q2 2025 Dubai Residential Real Estate Market Report by Betterhomes, total residential sales reached AED 151.8 billion, a 46% year-on-year increase in value and a 25% rise in transaction volumes, with 50,485 units sold. The report highlights Dubai's continued ascent as one of the world's most dynamic real estate destinations, supported by a growing population seeking Dubai homes for sale, investor-friendly legislation, and a robust development pipeline. Momentum Continues Across Segments Compared to Q1, residential sales grew 33% in value and 19% in volume, underlining strong market momentum. The prime residential segment recorded a new benchmark with 1,417 luxury transactions in Q2, a 67% quarter-on-quarter jump and a 113% increase year-on-year which confirms a rising global appeal of luxury off-plan property for sale in Dubai among ultra-high-net-worth buyers. "Q3 is shaping up to be an exciting phase for Dubai's property market," said Christopher Cina, Director of Sales at Betterhomes. "With around 20,000 new units already delivered and another 70,000 expected by year-end, the city is well-positioned to meet rising demand from investors and end-users alike." Supply Expands, Prices Hold Strong Dubai saw over 20,000 new units delivered in H1 2025, with Jumeirah Village Circle (JVC) leading completions at 20%, followed by Sobha Hartland (11%) and Mohammed Bin Rashid City (8%). Looking ahead, over 200,000 new units are projected through 2027 reflecting developer confidence in Dubai's long-term growth. Despite the influx of supply, average property prices continue to rise, reaching AED 1,582 per square foot, a 6% increase from H2 2024 and up 3% from Q1 2025. Prices are now 18% higher year-on-year and 90% above the pandemic-era low of AED 833 per square foot. Investor Activity and Cash Deals on the Rise The report also revealed a strong resurgence in investor activity, with investors accounting for 58% of all transactions in Q2, up from 50% in Q1. Meanwhile, end-user activity dropped to 42%, as buyers sought rental income and capital appreciation in a high-demand market. Cash buyers dominated the market in Q2, representing 52% of transactions, up from 42% in Q1. Mortgage deals fell to 48%, indicating an increasingly liquid buyer base, driven by high-net-worth individuals and international investors seeking swift deal closures. Global Buyer Shifts Reflect Dubai's Expanding Reach The UK overtook India to become the leading buyer nationality in Q2, driven by a 56% quarterly surge in transactions. India and Pakistan retained second and third positions, respectively, while Poland made its debut in the top five. Notably, Russia dropped out of the top 10 for the first time, with Ireland climbing to sixth. As Dubai continues to draw global interest, particularly from European buyers, its property market stands firm as one of the most attractive and resilient investment destinations worldwide. View original content: SOURCE Betterhomes 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
7 hours ago
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Intel CEO outlines 'hard but necessary decisions'; Trader Guilfoyle: CEO Tan 'Has a Chance'
Intel CEO outlines 'hard but necessary decisions'; Trader Guilfoyle: CEO Tan 'Has a Chance' originally appeared on TheStreet. Lip-Bu Tan did not hold back. "I know the past few months have not been easy," the Intel CEO said in a July 24 message to employees. "We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company." 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 Tan, who was named chief executive in March, said the chipmaker () plans to reduce headcount about 15% via dismissals and attrition, finishing the year with a global workforce of about 75,000. "We will become a faster, more agile and more vibrant company," he said. "We will eliminate bureaucracy and empower engineers to innovate with greater speed and focus." Intel's second-quarter results beat Wall Street's revenue expectations but came up short on earnings. The Santa Clara, Calif., company's shares were off 9.3% at last check; they're down 34% from a year ago. Intel CEO: Approaching AI Much Differently "Our goal is to reduce inefficiencies and redundancies," Tan said during the earnings call. More Tech Stocks: Analyst who correctly predicted Rocket Lab stock surge resets forecast Verizon Q2 earnings report surprises with remarks on tax reform Fund manager who forecast Nvidia stock rally reboots outlook He told analysts that Intel wouldn't move forward with planned projects in Germany and Poland. The company also intends to consolidate its assembly and test operations in Costa Rica into its larger sites in Vietnam and Malaysia. And it will further slow the pace of construction in Ohio to ensure spending is aligned with market demand. Turning to artificial intelligence, Tan said that Intel previously had approached AI 'with a traditional silicon and training centric mindset, without a cohesive silicon systems software stack and strategy,' he said."We recognize the need to move up the abstraction stack into system and software. This is the area where Intel has traditionally been weak or entirely absent.' 'But we intend to incubate and grow these important skillsets and capabilities under my leadership,' Tan continued. 'This will take time, but it will be vital for Intel to stay relevant in the next wave of computing.' TheStreet Pro's Guilfoyle: Intel CEO Tan has a chance TheStreet Pro's Stephen Guilfoyle offers a terse assessment of Intel's results. "Tough quarter," he said. "Tough few years." Guilfoyle, a veteran trader whose career dates back to the floor of the New York Stock Exchange in the 1980s, opines that "Intel has not had a competent CEO since Brian Krzanich resigned in June 2018 after violating the firm's non-fraternization policy with an employee," he said, "This new CEO has a chance.""At least he understands that Intel is no longer considered an elite American tech firm and that to be competitive a lot of work has to be done," Guilfoyle added. "He has no delusions." Tan has to improve cash flows and the balance sheet and compete against the likes of Nvidia () and Advanced Micro Devices () , "two chip designers at the top of the industry with an incredible level of corporate leadership stemming from their respective C-suites," he said. Intel's CEO "also seems to understand that the foundry business may grow but is not competitive against Taiwan Semiconductor () and is not close to turning a profit," he noted. Guilfoyle, known on Wall Street as Sarge, said the opportunity to make money on the short side has passed. "I don't see any catalyst that would prompt me to invest in Intel any time soon," he said. "The other semis are still better plays. ... I don't even see viable options-related plays here. There's just not enough premium to be paid for taking on the risk over time." "Kind of reminds me of an old Motley Crue song... 'Don't Go Away Mad (Just Go Away).'" Judge Dismisses Suit Against Intel; JPM Lifts Target Separately, a federal judge dismissed a lawsuit claiming Intel defrauded shareholders by concealing its business problems, leading to a $32 billion one-day tumble in its market value, Reuters reported. U.S. District Judge Trina Thompson in San Francisco said that while she "understands plaintiffs' frustrations," the company did not wait too long to reveal a $7 billion operating loss in its foundry business, Intel's stock price sank 26% on Aug. 2, 2024, a day after the chipmaker unveiled more than 15,000 job cuts and suspended its dividend, hoping to save $10 billion in the Q2 earnings report, JP Morgan raised its price target on Intel to $21 from $20 and affirmed an underweight rating on the shares, according to The Fly. The investment firm sees both continued demand and competitive headwinds for Intel. While the company decides whether to go fabless, its turnaround remains slow and customers buying before tariffs kick in creates risk to second-half 2025 estimates, it said.. Fabless refers to companies that design and market chips but outsource manufacturing to specialized CEO outlines 'hard but necessary decisions'; Trader Guilfoyle: CEO Tan 'Has a Chance' first appeared on TheStreet on Jul 27, 2025 This story was originally reported by TheStreet on Jul 27, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
