A Virginia state court has halted an effort by Democratic lawmakers to reshape the state’s congressional map, cutting short a plan that could have tilted several seats in their favor ahead of the next round of federal elections. The decision came from Judge Jack Hurley Jr. of the Tazewell County Circuit Court, who ruled that …
Virginia Court Puts the Brakes on Democrats’ Redistricting Push Read More »
A wave of Democratic-led states is moving to redraw the lines of accountability for federal immigration enforcement, advancing proposals that would let people bring civil rights lawsuits against ICE officers in state courts. The momentum has sharpened after deadly encounters and heated protests tied to immigration operations in Minneapolis and other cities. Illinois has already …
States Test the Limits of Federal Power as Push Grows to Sue ICE Officers Read More »
Saudi Arabian Mining Company (Maaden) is rolling out plans for a 10-year, dollar-denominated senior sukuk, pricing initial guidance around 135 basis points over U.S. Treasuries. The Tadawul-listed mining giant has appointed a consortium of local and international banks as joint lead managers, including Albilad Investment, Al Jazira Capital, Arab Banking Corporation, Bank of China (Hong …
Maaden Targets $10 Billion Dollar Sukuk With 10-Year Maturity Read More »
QNB Bank A.Ĺž., the Turkey-based subsidiary of Qatar National Bank, has moved to the bond market with initial price thoughts for a $500 million, five-year Regulation S note, guiding investors to yields in the 6.5% range. The deal size is fixed and is not expected to be upsized. The senior unsecured offering is expected to …
QNB’s Turkish Arm Tests Markets With $500 Million Five-Year Dollar Bond Read More »
Lucid’s manufacturing footprint in Saudi Arabia is moving from blueprint to bytecode. At its sprawling site in King Abdullah Economic City, the electric vehicle maker is rolling out advanced industrial software from Rockwell Automation to run the factory floor end to end. The plant carries symbolic weight as well as industrial ambition: it is the …
Silicon Meets Steel: Lucid’s Saudi Factory Gets a Digital Backbone Read More »
The Gulf’s debt market is entering another growth phase, with total outstanding bonds and sukuk across the GCC set to climb beyond $1.25 trillion in 2026, according to fresh estimates from Fitch Ratings. From a base of about $1.1 trillion at the end of 2025, the region’s debt capital market is expected to expand by …
Gulf Borrowing Boom Pushes Regional Debt Past $1.25 Trillion Read More »
Saudi Arabia’s Public Investment Fund has opened the year’s funding playbook with a confident move in Islamic debt markets, locking in a $2 billion, 10-year benchmark sukuk at a slim 85 basis points over U.S. Treasuries. That final pricing marked a sharp tightening from early guidance pitched around the T+120bps level, as investor appetite surged …
PIF Draws Deep Demand as $2 Billion Sukuk Prices at the Tight End Read More »
After a year defined by market whiplash and postponed ambitions, the Middle East and North Africa equity capital markets are lining up for a busier 2026. Bankers say deals that were shelved during last year’s volatility are edging back onto the runway, setting the stage for a rebound in listings and share sales. Total equity …
After a Choppy Year, MENA’s IPO Engine Gears Up for a 2026 Comeback Read More »
The Trump administration has launched a new immigration enforcement drive in Maine, moving federal agents into a state known for its long-standing refugee communities, including a large population of Somali immigrants. The Department of Homeland Security announced that the effort—dubbed “Operation Catch of the Day”—began earlier this week and is aimed, according to federal officials, …
Federal Immigration Sweep Reaches Maine, Stirring Statewide Backlash Read More »
Maxim has taken Playboy to court, accusing the iconic rival of building a glossy new modeling competition by borrowing more than inspiration. In a filing in New York, the publisher behind Maxim alleges that Playboy’s “Great Playmate Search” was assembled using confidential tools, systems, and creative elements taken from Maxim’s long-running “Cover Girl” contest. According …
Maxim Claims Playboy Lifted Its Playbook for a Look-Alike Modeling Contest Read More »
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