Saudi Arabia’s Public Investment Fund (PIF) posted a remarkable financial performance in 2025, with consolidated net profit climbing 152 percent year-on-year to SR65.1 billion ($17.33 billion), underscoring the growing strength of the kingdom’s sovereign wealth fund as it scales its global investment strategy. The sharp rise compares with SR25.8 billion recorded a year earlier and …
Major stock markets across the Gulf traded higher on Wednesday, with investors favouring financial and energy shares despite lingering uncertainty surrounding the latest diplomatic efforts between the United States and Iran. Markets remained watchful as high-level discussions involving Washington and Tehran continued through Qatari mediation rather than direct engagement. Senior U.S. representatives arrived in Doha …
Gulf Equities Advance as Banking and Energy Stocks Offset Diplomatic Uncertainty Read More »
Mashreqbank has successfully completed a $500 million perpetual Additional Tier 1 (AT1) capital issuance after attracting investor demand that exceeded $1 billion, allowing the Dubai-based lender to price the deal tighter than initial guidance. The perpetual non-call 5.5-year securities were issued at par and carry a fixed annual coupon of 6.625%, translating into a yield …
Mashreqbank Draws Strong Demand for $500 Million AT1 Bond, Tightens Pricing Read More »
Bahrain-based alternative asset manager Investcorp is preparing to invest another $350 million across three to four companies in the Gulf Cooperation Council (GCC) through its $750 million Golden Horizon Partnership fund, reinforcing its long-term strategy of backing established family-owned enterprises with regional growth ambitions. The fund, launched in partnership with China Investment Corporation, has already …
A Missouri state court has pushed back a key hearing to review Bayer’s proposed $7.25 billion settlement aimed at resolving tens of thousands of lawsuits alleging that its Roundup weedkiller causes cancer. The approval hearing, initially expected in early July, is now scheduled for **August 19**, extending the timeline by roughly six weeks. Judge Timothy …
The U.S. Supreme Court has declined to hear a challenge brought by former Merit Systems Protection Board (MSPB) Chair Cathy Harris, leaving intact a lower court ruling that upheld President Donald Trump’s decision to remove her from office. The move comes just a day after the nation’s highest court significantly broadened presidential authority over independent …
The U.S. Department of Education has warned that the Kansas City Public School District in Kansas could face legal action and the possible loss of federal funding over its policies concerning transgender students. According to a statement issued by the department, the district’s guidelines on student privacy may conflict with the Family Educational Rights and …
Two federal judges in the United States have blocked the Trump administration from enforcing a controversial regulation that would have denied student loan forgiveness to public service workers employed by organizations deemed to have a “substantial illegal purpose.” The rulings, issued just before the policy was scheduled to take effect, prevent the Department of Education …
US Courts Halt Trump-Era Student Loan Rule That Targeted Public Service Employers Read More »
The U.S. Supreme Court concluded its nine-month term on Tuesday with a series of closely watched decisions that reshaped debates over immigration, transgender rights, political spending and gun laws. While President Donald Trump secured victories on several contentious issues, the court dealt a significant blow to one of his signature immigration policies by striking down …
Abu Dhabi-based XRG and Italy’s Eni are expanding their footprint in Argentina’s fast-growing energy sector after striking separate agreements with state-controlled oil producer YPF to take minority positions in three strategic upstream assets tied to the country’s flagship LNG ambitions. Under the agreements, XRG and Eni will each hold a 32% interest in the Meseta …
XRG and Eni Deepen Argentina Bet with Entry into Vaca Muerta Gas Blocks Read More »
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