Business
EMSTEEL reported AED 2.2 billion in Q1 2026 revenue as EBITDA rose 82% and net profit climbed 246% on wider margins for the Abu Dhabi group.
ADNOC Gas reported $1.1 billion in Q1 net income, maintained domestic supply and approved a $941 million dividend amid export disruption.
Indonesia plans a broader blue economy buildout after Prabowo raised fishing village targets and promised more boats for cooperatives.
South Korea airlines cut roughly 900 round-trip flights as soaring jet fuel prices pushed carriers to trim routes and curb costs further.
Asian Development Bank pledged $30 billion through 2030 to help ASEAN expand energy links, deepen markets and build resilience regionally.
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide.
Technology
Space42 says local assembly and testing of Foresight satellites in Abu Dhabi show the UAE is building stronger space manufacturing capability.
China launched a Long March-8 rocket from Hainan, sending 18 internet satellites into orbit for the seventh Qianfan networking mission.
Jensen Huang says companies will favor workers who use AI well, as Nvidia pushes a broader message that AI fluency is becoming a workplace advantage.
India is preparing a more than 1 trillion rupee ($11 billion) fund for chip design, equipment and supply chains, building on its semiconductor mission projects.
India and Finland elevated ties to a Strategic Partnership in Digitalisation and Sustainability as PM Narendra Modi met Finnish President Alexander Stubb in New Delhi.