Dubai developer Binghatti has locked in a $500 million five-year sukuk, riding a surge of investor appetite that pushed demand well past expectations. The Islamic bond was priced with a profit rate of 8.375%, translating to a spread of 461.3 basis points over US Treasuries. Interest was strong from the outset, with final order books …
Binghatti’s $500m Sukuk Draws Heavy Demand as Investors Crowd In Read More »
Dubai’s financial regulator has handed Ark Capital Management (Dubai) Limited a sharp rebuke — and a sizeable fine — after concluding the firm fell short on basic market abuse safeguards. The Dubai Financial Services Authority ordered Ark Capital to pay 1.85 million dirhams (about $504,000), citing weak internal systems that failed to properly flag, assess, …
Dubai Watchdog Slaps Ark Capital With Hefty Penalty Over Trading Oversight Gaps Read More »
A New Mexico grand jury has moved a serious criminal case forward against actor and director Timothy Busfield, charging him with multiple counts related to alleged child sexual abuse. Busfield, widely recognized for his role as a White House reporter on The West Wing, was indicted on four counts of criminal sexual contact of a …
Former ‘West Wing’ Star Faces Indictment in New Mexico Child Abuse Case Read More »
Luigi Mangione is scheduled to go before a New York state jury on June 8 over the killing of a prominent health insurance executive, even as a separate federal case continues to loom later in the year. A judge at Manhattan’s top trial court locked in the early-summer date on Friday. As Mangione was escorted …
Midtown Shooting Case Set for June as Mangione Pushes Back on Parallel Trials Read More »
The Trump administration has moved quickly to restock the immigration courts, swearing in 33 new judges as it reshapes a system already under heavy strain. Of the new appointees, 27 will serve on a temporary basis, part of a broader push the administration frames as restoring order and speed to deportation proceedings. The hires follow …
New Bench, New Battle Lines: Trump Taps Military Veterans to Refill Immigration Courts Read More »
A federal judge has cleared the way for the public release of police body camera footage, text messages and other key evidence tied to the shooting of a Chicago woman by a U.S. Border Patrol agent during an immigration enforcement operation last fall. The ruling lifts a court order that had kept the material under …
Chicago Shooting Case Opens Up as Judge Clears Bodycam, Texts for Public View Read More »
A judge in Arizona has wiped out a cluster of abortion limits that had survived on the books from an earlier political era, ruling that they clash with the state’s updated constitution. The decision came from Maricopa County Superior Court, where the judge concluded that the restrictions failed to protect patient health, interfered with personal …
Arizona Court Clears Away Pre-2024 Abortion Barriers Read More »
A federal appeals court has lifted a major roadblock to President Donald Trump’s push to dismantle diversity, equity and inclusion initiatives across the federal government and among companies that do business with it. A three-judge panel of the 4th U.S. Circuit Court of Appeals set aside an earlier ruling that had frozen Trump’s executive orders …
Appeals Court Clears Path for Trump’s Anti-DEI Orders, for Now Read More »
Saudi Arabia has shaved the price of its flagship Arab Light crude for Asian buyers yet again, marking a fourth consecutive monthly cut and taking March prices to levels not seen in more than five years. The adjustment comes as the global oil market grapples with an uncomfortable imbalance: supply is rising faster than consumption. …
Saudi Arabia Pushes Asia Prices Lower as Oil Supply Keeps Outrunning Demand Read More »
Dubai has switched on the engines of its driverless future. The Roads and Transport Authority has officially begun operations of fully autonomous taxis, marking a decisive leap toward public, everyday use of self-driving transport across the emirate. The service is scheduled to open to passengers in the first quarter of 2026, operating on roads already …
Dubai’s Streets Enter the Autonomous Era as Driverless Taxis Go Live Read More »
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