Oman’s Bank Nizwa has unveiled plans to merge with Alizz Islamic Bank in a proposed deal that would also see investment company Ominvest become a strategic shareholder in the Islamic lender. Under the preliminary proposal, Ominvest could acquire as much as a 20% stake in Bank Nizwa by subscribing to newly issued shares. The shares …
Bank Nizwa Moves to Absorb Alizz as Ominvest Lines Up 20% Stake Read More »
Dana Gas has suspended operations at the main production facilities of Iraq’s Khor Mor gas field, citing credible security threats and rising tensions across the region. The company is monitoring developments closely, a spokesperson said. Khor Mor, located in Iraq’s Kurdistan Region, is a key gas-producing facility. The shutdown comes as heightened regional instability raises …
Dana Gas Halts Khor Mor Operations as Security Risks Escalate Read More »
A subsidiary of Dubai Investments is set to acquire an 80% stake in Clemenceau Medical Center (CMC) through a non-cash transaction involving two of the healthcare provider’s existing shareholders. Dubai Investments Industries LLC has signed an agreement for the deal, according to a filing with the Dubai Financial Market. Under the transaction, Khansaheb Investment LLC …
Dubai Investments Arm Moves to Take Controlling Stake in Clemenceau Medical Center Read More »
A federal appeals court has temporarily allowed the Pentagon to continue requiring journalists to be accompanied by government escorts inside the building, handing the Trump administration a victory in a legal battle over press access. A three-judge panel of the U.S. Court of Appeals for the D.C. Circuit overturned a lower-court ruling that had blocked …
Appeals Court Backs Pentagon Escort Rule, Revives Trump-Era Press Access Restrictions Read More »
Ken Kies, one of the administration’s most senior tax officials, is expected to leave his position after resisting White House pressure over taxpayer audits, according to people familiar with the matter. Kies, who serves as acting chief counsel of the Internal Revenue Service and as an assistant secretary at the Treasury Department, reportedly told administration …
White House Clash Pushes IRS’s Top Tax Lawyer Out of His Role Read More »
Twenty U.S. states, including California and New York, have thrown their support behind the District of Columbia’s authority to discipline former Justice Department official Jeffrey Clark, urging a federal court to reject the Trump administration’s challenge to the proceedings. The administration filed a lawsuit in May seeking to halt efforts by Washington’s attorney-discipline authorities to …
20 States Rally Behind D.C. Authority to Discipline Trump Ally Jeffrey Clark Read More »
A U.S. federal judge has refused to temporarily stop Meta Platforms from proceeding with layoffs involving 26 employees who allege that artificial intelligence tools helped target them for termination because of disabilities or periods of medical leave. U.S. District Judge William Orrick in Oakland, California, said the employees had not demonstrated the kind of immediate, …
A federal judge in Boston has ruled that the Trump administration cannot terminate billions of dollars in already-approved grants simply because the projects no longer fit with the president’s policy agenda. U.S. District Judge Indira Talwani sided with 23 Democratic-led states and the District of Columbia, which challenged the administration’s use of a regulation issued …
A federal appeals court has struck down New Jersey’s ban on assault weapons, ruling that restrictions on semiautomatic rifles such as the AR-15, along with magazines holding more than 10 rounds, violate the Second Amendment of the US Constitution. The decision by the 3rd U.S. Circuit Court of Appeals in Philadelphia marks the first instance …
US Appeals Court Invalidates New Jersey Ban on AR-15s, Large-Capacity Magazines Read More »
ABU DHABI: The Abu Dhabi Securities Exchange (ADX) has staged a first for global financial markets by holding its opening bell ceremony aboard a moving passenger train, turning an Etihad Rail service between Abu Dhabi and Fujairah into an unconventional trading venue. The event marked the latest expansion of ADX’s derivatives market, coinciding with the …
UAE Capital Markets Break New Ground as ADX Opens Trading Aboard a Moving Train Read More »
Court Cast is a vibrant, collaborative platform designed specifically for legal professionals worldwide. Embrace the opportunity to connect, share insights, and grow with a diverse network of attorneys, legal scholars, and industry experts. Court Cast offers a unique space for members to discuss the latest legal trends, share case studies, and engage in thought-provoking environment.
