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Gulf Lenders Rework Funding Plans as Regional Tensions Rattle Debt Markets

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Banks across the Gulf are increasingly expected to turn toward private placements and syndicated lending deals as prolonged tensions involving Iran continue to unsettle international debt markets, according to a new assessment by Fitch Ratings. The ratings agency said public bond issuance has become more unpredictable amid market swings triggered by the regional conflict, prompting …

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Gulf Sukuk Boom Faces Headwinds as Regional Tensions Reshape Debt Markets

2 minutes of reading

The Gulf’s Islamic finance engine is beginning to lose some momentum after a strong run, with prolonged instability across the Middle East now casting a shadow over sukuk activity and broader banking growth in the region. According to new estimates from S&P Global, expansion across the global Islamic finance industry is expected to slow to …

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Legal Storm Looms After Deadly Virus Crisis Aboard Antarctic Cruise

3 minutes of reading

What began as a luxury expedition near Antarctica has now drifted into murky legal waters. Passengers aboard the MV Hondius — the Dutch-operated polar cruise ship struck by a deadly hantavirus outbreak — may find that suing the operator is far more difficult than surviving the voyage itself. The ship, operated by Oceanwide Expeditions, carried …

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Bench Under Scrutiny: Michigan Federal Judge Gets Probation in DUI Case

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A federal judge from Michigan has avoided jail time after resolving a drunken-driving case that drew national attention following the release of police body-camera footage from his arrest. U.S. District Judge Thomas Ludington, who serves in Bay City, was handed six months of probation and directed to pay $1,175 in court-related fees after entering a …

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Biden Moves to Keep Hur Interview Recordings Under Seal Amid DOJ Reversal

3 minutes of reading

Former U.S. President Joe Biden is asking a federal court in Washington to stop the public release of audio recordings and transcripts tied to conversations he held with his biographer nearly a decade ago — material that later became part of Special Counsel Robert Hur’s classified documents investigation. The recordings, captured during discussions for Biden’s …

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DOJ Doubles Down on Push for State Voter Data Despite Court Setbacks

3 minutes of reading

The U.S. Justice Department has quietly sharpened its legal defense for demanding access to unredacted state voter rolls, signaling that the federal government is prepared to continue an aggressive election oversight campaign even after a string of courtroom defeats. In a formal opinion issued by the Department’s Office of Legal Counsel, federal lawyers argued that …

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Judge Questions Musk-SEC Deal, Signals Unease Over Sudden Retreat in Twitter Case

3 minutes of reading

A U.S. federal judge has raised sharp concerns over the Securities and Exchange Commission’s dramatically softened settlement with Elon Musk in the long-running dispute tied to his 2022 Twitter stock purchases, suggesting the agreement carries troubling inconsistencies that demand closer scrutiny. During a hearing in Washington, D.C., U.S. District Judge Sparkle Sooknanan openly questioned whether …

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Altman’s Investment Web Around OpenAI Draws Courtroom Heat

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As the legal battle over OpenAI’s transformation into a for-profit giant intensifies, fresh courtroom disclosures have thrown a spotlight on CEO Sam Altman and his sprawling investment portfolio tied to companies doing business with the AI firm. Documents presented during proceedings in California revealed that Altman holds stakes worth more than $2 billion across several …

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Ajman’s Industrial Engine Accelerates as New Factories and Investors Pour In

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Ajman’s manufacturing landscape is gathering pace, with 460 industrial establishments registered across the emirate during the first quarter of 2026, underscoring a steady rise in investor appetite and industrial activity. Officials at the Ajman Chamber said the emirate’s industrial expansion is being fuelled by a mix of strategic advantages — from modern infrastructure and investor-friendly …

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UAE Central Bank’s Relief Drive Channels AED6.2bn Into Businesses and Households

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The UAE’s banking sector continued to expand even as authorities rolled out a broad financial relief programme designed to cushion businesses and consumers from economic disruptions, according to the Central Bank of the UAE (CBUAE). The regulator said support extended under the package climbed to AED6.2 billion ($1.69 billion), covering measures such as deferred loan …

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