In a pivotal moment for Tesla and its shareholders, a Delaware judge has announced intentions to deliver a ruling on Elon Musk’s unprecedented $56 billion compensation package before the year wraps up. Chancellor Kathaleen McCormick of the Delaware Court of Chancery communicated her goal in a recent letter to the involved legal teams. Musk’s 2018 …
In a decisive move against drug smuggling, the Zakat, Tax, and Customs Authority (ZATCA) intercepted over 2.4 million Captagon pills hidden within a shipment at Jeddah Islamic Port. This critical port, a key element in Saudi Arabia’s Vision 2030 plans, became the setting for a major security effort that resulted in the arrest of six …
In a stringent campaign across Saudi Arabia, authorities have intercepted over 1,300 unauthorized attempts to cross the Kingdom’s borders in just one week. This recent operation, covering October 17 to October 23, aimed to curb violations of residency, labor, and border security laws, with the Ministry of Interior reporting a total of 20,896 infractions. Among …
The UAE has rolled out a groundbreaking update to its traffic laws, lowering the minimum age for drivers to 17 as part of a wide-ranging decree aimed at modernizing road regulations. The decree introduces policies to align with global transportation trends, including support for self-driving and electric vehicles, and improved road safety through advanced technologies. …
UAE Greenlights Younger Drivers in Traffic Overhaul Read More »
In a sweeping operation across Saudi Arabia, authorities detained 21,971 individuals for violating various residency, border, and labor laws between October 10 and October 16. These arrests were part of coordinated efforts involving security forces and government agencies. The Ministry of Interior revealed that the detainees included 13,186 individuals in breach of residency laws, 5,427 …
Crackdown in Saudi Arabia: Nearly 22,000 Illegal Residents Arrested in One Week Read More »
The trial of Tigran Gambaryan, a top compliance executive at Binance, hit another snag as illness kept him from appearing in court, forcing a Nigerian judge to postpone proceedings until October 25. Gambaryan, a U.S. citizen, has been held in detention since February on charges of laundering over $35 million—a claim both he and Binance …
Illness Delays Trial of Binance Executive Amid Crypto Clampdown in Nigeria Read More »
Saudi Arabia is raising the bar for home delivery services, unveiling new rules that mandate professional attire, hygiene standards, and stricter vehicle requirements. Under guidelines outlined by the Ministry of Municipalities and Housing, delivery workers must now wear clean uniforms that reflect professionalism, with each facility ensuring full compliance to continue operations. The ministry emphasized …
Dress Code and Clean Gear: Saudi Arabia Tightens Rules for Delivery Workers Read More »
In a sweeping nationwide operation, Saudi security forces apprehended 21,971 individuals in just one week, targeting violators of residency, labor, and border laws. The joint field campaigns, executed in collaboration with various government bodies between October 10 and 16, spanned urban hubs and border regions alike. The arrests included 13,186 people breaching residency laws, 5,427 …
Crackdown in the Kingdom: Nearly 22,000 Caught in Saudi Sweep for Illegal Residents Read More »
In a stride toward financial security and international diplomacy, two Royal Decrees have reshaped Oman’s landscape. His Majesty Sultan Haitham bin Tarik announced sweeping changes on Wednesday, focusing on deposit protection and visa agreements with Uzbekistan. Safeguarding Bank Deposits with New Law The newly issued Royal Decree No. 47/2024 introduces the Law on Protection of …
Sultanate Tightens Financial Safety Net and Expands Diplomatic Ties Read More »
Muscat: Oman has bolstered its financial landscape with a Royal Decree introducing the Law on Protection of Bank Deposits, designed to shield depositors and maintain the sector’s resilience. The Central Bank of Oman (CBO) emphasizes that the law provides a crucial safety net for depositors in the event of any bank or licensed financial institution’s …
Oman Fortifies Financial Security with New Deposit Protection Law Read More »
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