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Oil, Budgets and Bank Stocks: Gulf Markets Split as Riyadh Slips

2 minutes of reading

Trading floors across the Gulf told different stories on Tuesday. In Riyadh, caution ruled. In Dubai, momentum lingered. Elsewhere, investors moved with one eye on oil flows and another on Washington. Saudi Arabia’s benchmark index retreated 0.6%, giving back recent gains as unease over public finances resurfaced. A widening quarterly budget deficit — driven by …

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Post Office, Not the Bank: How Egypt’s 17.75% Citizen Bond Is Redrawing the Debt Map

3 minutes of reading

In downtown Cairo, the queue at Egypt Post is no longer just about parcels and pensions. It’s about profit — and participation. Clutching national IDs and savings books, ordinary Egyptians are lining up for something that once felt distant and institutional: government debt. The new 17.75% “Citizen Bond” has turned post offices into unlikely financial …

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Skyward Surge: Etihad’s Profit Climbs 50% as Ambitious Expansion Pays Off

2 minutes of reading

The engines are roaring louder in Abu Dhabi. Etihad Airways has posted a near 50% leap in net profit, closing the year at $698 million — a performance powered by bigger fleets, busier cabins, and a widening global footprint. Behind the headline number is a year of aggressive scaling. Passenger traffic jumped 21%, carrying 22.4 …

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SNB Capital Tests Global Appetite with Fresh $500 Million Loan Play

1 minute of reading

Saudi Arabia’s deal tables are busy again. SNB Capital, the investment banking and asset management subsidiary of Saudi National Bank, has stepped into the market with plans to raise up to $500 million through a three-year loan facility. The structure is straightforward but flexible: a base size of $350 million, paired with a $150 million …

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Bloodline in the Dock: Nick Reiner Denies Killing Hollywood Power Couple Parents

3 minutes of reading

The heir to a Hollywood legacy stood behind glass in a Los Angeles courtroom on Monday and uttered two words that now anchor one of the city’s most jarring crime sagas: not guilty. Nick Reiner, 32, pleaded not guilty to two counts of first-degree murder in connection with the stabbing deaths of his parents — …

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$150,000 Exit Door Opens: Court Clears UPS to Roll Out Massive Driver Buyout Plan

2 minutes of reading

A federal courtroom in Boston has cleared the runway for United Parcel Service to move ahead with an ambitious workforce reduction plan—one that places a $150,000 check on the table for tens of thousands of its drivers. At the center of the clash was a challenge mounted by the International Brotherhood of Teamsters, the union …

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Twin Departures at the Top of Federal Appeals Courts Open Fresh Judicial Slots for Trump

3 minutes of reading

Two of the most senior figures in the federal appellate judiciary are preparing to step back from full-time duty — a quiet shift with loud political consequences. Chief Judge Debra Ann Livingston of the United States Court of Appeals for the Second Circuit and Chief Judge Jeffrey Sutton of the United States Court of Appeals …

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Maryland Moves to Block Federal Immigration Lockup, Takes Trump Administration to Court

2 minutes of reading

A political and legal standoff is unfolding in the state of Maryland, where officials have gone to court to stop the construction of a new federal immigration detention center backed by the administration of Donald Trump. At the heart of the dispute is a sprawling 54-acre warehouse property in Washington County, acquired for over $100 …

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After Tariffs Fall, FedEx Moves to Reclaim Its Money from Washington

2 minutes of reading

The legal aftershocks of Donald Trump’s emergency tariffs have begun — and FedEx is among the first corporate giants to head to court with its hand outstretched. The Memphis-based logistics heavyweight has filed suit before the U.S. Court of International Trade, demanding a full refund of duties it paid under tariffs imposed through the International …

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Oil, Revolution and a Billion-Dollar Reckoning: Exxon’s Cuba Claim Lands Before the Top US Court

2 minutes of reading

More than six decades after Cuba’s revolution redrew the island’s economic map, the aftershocks have reached the marbled courtroom of the U.S. Supreme Court. At the center stands ExxonMobil, arguing that it deserves compensation exceeding $1 billion for oil and gas assets seized by Havana in 1960, in the wake of the revolution that brought …

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