Stock markets across the Gulf opened Tuesday with a cautiously upbeat tone, as remarks from Donald Trump suggesting the possibility of easing tensions in the Middle East lifted investor sentiment. In Dubai, the main share index climbed 1.5%, led by strong gains in banking stocks. Shares of Emirates NBD surged 2.9%, while Dubai Islamic Bank …
Gulf Markets Edge Higher as De-Escalation Talk Fuels Investor Optimism Read More »
Inflation in Egypt picked up pace in February, delivering a sharper rise than many economists anticipated and highlighting renewed pressure on household budgets. Official figures released by Central Agency for Public Mobilization and Statistics (CAPMAS) show that annual urban consumer inflation accelerated to 13.4%, up from 11.9% in January. The data underscores a fresh upward …
Prices Surge Again as Egypt’s Inflation Climb Surprises Economists Read More »
Dubai has introduced a sweeping legal framework aimed at strengthening the quality, safety and long-term sustainability of buildings across the emirate. Sheikh Mohammed bin Rashid Al Maktoum, in his role as the ruler of Dubai and the UAE’s vice president and prime minister, issued Law No. (3) of 2026 to establish stricter oversight of building …
Dubai Tightens the Screws on Building Safety with New Law Read More »
Saudi energy heavyweight Aramco closed 2025 with a noticeable dip in earnings, as weaker prices for crude oil and chemical products trimmed the company’s revenue stream. The state-backed oil titan posted a full-year net profit of $93.38 billion, marking an 11.6% decline from the previous year. The fall was largely attributed to lower sales revenue …
Oil Giant Feels the Chill: Aramco’s 2025 Profit Slips as Energy Prices Soften Read More »
A high-profile trial in New York has ended with a dramatic fall for three wealthy brothers once prominent in elite social and business circles. A federal jury found Oren Alexander, Tal Alexander, and their brother Alon Alexander guilty in a sweeping sex trafficking case that accused them of preying on women at exclusive parties. The …
A federal judge in Washington has stopped a major attempt by the Trump administration to rapidly dispose of immigration appeals, ruling that the government pushed forward the plan without following required rule-making procedures. The decision wipes out the central elements of a new policy crafted by the U.S. Department of Justice’s Executive Office for Immigration …
In a dramatic turn during a closely watched antitrust trial, concert industry heavyweight Live Nation Entertainment reached a settlement with the United States Department of Justice over allegations that the company used its vast influence to dominate the live-events business through its ticketing arm, Ticketmaster. The agreement halts the federal government’s courtroom clash with the …
A fresh legal fight is unfolding in the United States after two small businesses moved to challenge the latest wave of global tariffs introduced by Donald Trump. The case, filed in New York, comes from spice importer Burlap & Barrel and toy manufacturer Basic Fun, both arguing that the administration cannot simply revive a sweeping …
Tariff Tug-of-War: Small U.S. Firms Drag Trump’s New Import Taxes Into Court Read More »
A growing legal pattern has begun to emerge in Washington: the administration of Donald Trump is not merely fighting individual court rulings—it is increasingly challenging the authority of the judges issuing them. Since returning to the White House, Trump and his allies have regularly denounced federal judges who block his policies, branding them “rogue” or …
Trump’s Legal Blitz at the Supreme Court Targets the Power of Federal Judges Read More »
A deepening rift between the U.S. defense establishment and one of the world’s prominent artificial intelligence developers has spilled into the courtroom, after Anthropic launched a legal challenge against the United States Department of Defense over a decision that could sharply restrict the government’s use of its AI systems. The company has asked a federal …
AI Lab Takes Washington to Court After Pentagon Moves to Sideline Its Technology Read More »
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