Court Cast

Gulf Markets Drift Lower as Washington–Tehran Tensions Cloud Investor Mood

2 minutes of reading

Trading floors across the Gulf opened to a cautious hum on Wednesday, screens flickering red as nerves over U.S.–Iran diplomacy resurfaced. The region’s main indices slipped, with Dubai absorbing the sharpest blow. The unease followed fresh signals from Washington. President Donald Trump said he was weighing the deployment of a second aircraft carrier to the …

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Golden Cushion: UAE Central Bank’s Bullion Vault Swells to Record High

2 minutes of reading

The United Arab Emirates has been quietly stacking gold — and in 2025, the pile grew dramatically. Fresh figures from the Central Bank show the country’s gold reserves soaring nearly 65 percent over the year, closing December at AED 37.9 billion. Twelve months earlier, the tally stood at AED 22.98 billion. The surge underscores a …

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Cooling Crown Consolidated: DEWA Tightens Grip on Empower in $1.4 Billion Deal

1 minute of reading

Dubai’s district cooling heavyweight has a new power center. Dubai Holding has cashed out of Emirates Central Cooling Systems Corporation (Empower), selling its entire 24% stake to Dubai Electricity and Water Authority (DEWA) in a transaction valued at AED 5.184 billion — roughly $1.4 billion. The move reshapes the ownership map. DEWA’s share climbs from …

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After Eid, the Bell May Ring Again: Dubai’s IPO Engine Warms Up

3 minutes of reading

Dubai’s equity markets, quiet for much of last year, may be preparing for a sharper soundtrack in 2026 — the clang of opening bells and the shuffle of fresh prospectuses. At the front of the queue is Dubai Investments Park (DIP), the sprawling mixed-use development that has long functioned as a self-contained city within the …

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Texas Court Torpedoes ‘Anti-Woke’ Investment Law, Sending Shockwaves Through Red-State ESG Crackdowns

3 minutes of reading

A courtroom in Texas has become an unlikely battleground in America’s culture war over investing — and this time, the gavel fell against the state. A federal judge struck down Texas’ Energy Discrimination Elimination Act, the 2021 law that ordered public agencies to sever ties with financial firms accused of sidelining oil and gas companies …

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Grand Jury Slams the Brakes on Effort to Charge Democratic Lawmakers

2 minutes of reading

An attempt to criminally charge six Democratic lawmakers over a short video message to U.S. service members has collapsed before it could gain traction. A federal grand jury declined to issue indictments sought by prosecutors in Washington, according to a source familiar with the matter. The charges would have stemmed from a late-year video in …

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Capitol Erupts as Immigration Chiefs Face Fire Over Minnesota Shootings

3 minutes of reading

The hearing room on Capitol Hill felt less like oversight and more like a reckoning. For the first time since two U.S. citizens were fatally shot during federal immigration operations in Minneapolis, senior officials from the country’s top immigration agencies sat before lawmakers and faced blistering questions about the administration’s hardline crackdown. Democrats zeroed in …

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In the Dock: Instagram’s Design Faces a Reckoning Over Teen Wellbeing

2 minutes of reading

The courtroom in Los Angeles is about to become a stage for one of Silicon Valley’s most uncomfortable conversations: whether the architecture of Instagram was built to connect — or to keep young users hooked. Adam Mosseri, the public face of the Meta-owned platform, is set to testify over claims that Instagram’s design choices have …

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DOJ Invites Congress to Weigh in on Judges Blocking Trump Agenda

2 minutes of reading

The Justice Department has begun gathering what it calls the most “egregious” examples of federal judges standing in the way of President Donald Trump’s policy priorities — a move that signals a sharper turn in the administration’s standoff with the courts. According to officials, federal prosecutors across the country have been asked to flag rulings …

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Capitol Hill Showdown: Bondi Confronts Lawmakers Over Epstein Records and DOJ’s Direction

3 minutes of reading

Pam Bondi walks into a House hearing this week with more than briefing papers in hand — she carries a controversy that refuses to fade. The U.S. attorney general is set to face pointed questions from the House Judiciary Committee over the Justice Department’s handling of records tied to the late financier Jeffrey Epstein. Lawmakers …

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