Saudi Arabia’s project awards gathered strong momentum in June, with contracts worth more than SAR29.5 billion ($7.9 billion) awarded across 25 projects, making it the busiest month of 2026 by project count. While May remained the strongest month by overall value with awards exceeding SAR30 billion, June closely followed, underscoring sustained investment activity across the …
The Abu Dhabi Securities Exchange (ADX) is set to eliminate daily trading price limits for Exchange Traded Funds (ETFs) and futures contracts, marking a significant change aimed at improving market efficiency and deepening liquidity. The new framework will come into force on August 3, 2026. By removing daily trading bands, the exchange intends to allow …
ADX Scraps Daily Price Caps on ETFs and Futures in Push for Faster, More Liquid Trading Read More »
ADNOC Distribution has struck a definitive agreement to acquire the entire shareholding of Shell Downstream South Africa (SDSA), advancing a transaction valued at roughly **$1 billion** that significantly expands the UAE energy retailer’s presence across Africa. The acquisition, which remains subject to customary regulatory approvals, is expected to close in **2027**. Although ADNOC Distribution will …
A recent U.S. Supreme Court ruling on campaign finance could dramatically reshape the financial landscape of the upcoming Senate elections, potentially reducing one of the Democratic Party’s biggest advantages in several closely watched battleground states. For months, Democratic Senate candidates have amassed sizable fundraising leads over their Republican challengers. Georgia Senator Jon Ossoff, for example, …
Supreme Court Campaign Finance Shift Could Redraw Senate Money Battle Ahead of Midterms Read More »
Blank Rome has been hit with a proposed class action in the United States after a cybersecurity incident allegedly exposed the personal information of tens of thousands of current and former clients, adding the firm to a growing list of legal practices facing litigation over data breaches. The lawsuit, filed in a federal court in …
Blank Rome Sued After Cyberattack Exposes Personal Data of More Than 57,000 Clients Read More »
A federal judge in California has refused to overturn a jury’s finding that Elon Musk misled Twitter investors during his high-profile attempt to renegotiate or walk away from his $44 billion acquisition of the social media platform, dealing another legal setback to the billionaire entrepreneur. In a ruling issued on Monday, U.S. District Judge Charles …
A Utah state investigator told a court that surveillance footage places Tyler Robinson on the campus of Utah Valley University four times on the day conservative activist Charlie Kirk was fatally shot, as prosecutors began laying out evidence to support sending the case to trial. During a preliminary hearing in Provo, investigator David Hull testified …
The U.S. Patent and Trademark Office (USPTO) has formally withdrawn its efforts to register trademark rights over the name and logo of President Donald Trump’s “Board of Peace,” bringing an end to a move that had triggered political and legal criticism. Official filings submitted by USPTO Director John Squires confirmed that the agency has voluntarily …
USPTO Drops Bid to Trademark Trump’s ‘Board of Peace’ Name and Logo Amid Legal Scrutiny Read More »
The United States Supreme Court is preparing for another closely watched judicial term beginning in October, with a docket featuring some of the country’s most contentious constitutional and political disputes. Following a term heavily shaped by litigation surrounding President Donald Trump’s administration, the nation’s highest court will now examine cases involving firearm regulations, election laws, …
The resilience of Gulf banking systems in the second half of 2026 will depend largely on whether the ceasefire between the United States and Iran evolves into a durable peace agreement, according to a new assessment by Fitch Ratings. The ratings agency said the credit strength of banks across the Gulf Cooperation Council (GCC) has …
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