Court Cast

Gulf Equities Slip Into Reverse as Oil Retreat and Fed Fears Cloud Sentiment

2 minutes of reading

Most major stock markets across the Gulf traded lower on Thursday morning as investors weighed falling crude prices against growing expectations that the U.S. Federal Reserve could tighten monetary policy further before the end of the year. Oil, a key driver of economic sentiment across the region, continued its downward move, sliding toward levels seen …

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Türkiye Returns to Sukuk Market With Six-Year Dollar Offering, Guidance Set at 7.125%

1 minute of reading

Türkiye has launched a new six-year US dollar sukuk transaction, marking another step in its international funding programme as the sovereign taps demand for Shariah-compliant debt. The planned benchmark-sized issuance is structured as a senior unsecured Ijarah sukuk and is being offered under Regulation S. Initial price thoughts have been set around 7.125%. The sovereign …

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Burjeel Makes Global Debt Market Debut With Oversubscribed $500 Million Sukuk

2 minutes of reading

Abu Dhabi-based healthcare operator Burjeel Holdings has successfully entered the international Islamic debt market, raising $500 million through its first-ever five-year sukuk, a deal that drew strong investor appetite and exceeded initial expectations. The senior unsecured sukuk was priced with a fixed profit rate of 7% payable every six months. The notes were issued at …

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Kuwait Ramps Up Domestic Borrowing With KWD550 Million Debt Sale

2 minutes of reading

Kuwait has stepped up its domestic fundraising efforts, issuing KWD550 million ($1.77 billion) in Treasury bonds and public debt tawarruq instruments across a range of maturities through the Central Bank of Kuwait on behalf of the Ministry of Finance. The offering was spread across four tenors. Two-year securities accounted for KWD150 million and carried a …

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YouTube Exits Youth Harm Lawsuit Ahead of Key Social Media Trial Showdown

3 minutes of reading

Google-owned YouTube has reached a confidential settlement in a lawsuit brought by a teenager who alleged the platform contributed to serious mental health problems, stepping out of a closely watched California case just weeks before trial. The case, filed by a Florida boy identified in court records as R.K.C., accused YouTube, Instagram, Snapchat and TikTok …

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Adani Seeks Final Closure in U.S. Bribery Case as Lawyers Push for Dismissal

2 minutes of reading

Indian industrialist Gautam Adani has asked a U.S. federal court to formally close the criminal case that accused him of participating in a bribery scheme tied to a major solar energy project in India, following a decision by American prosecutors to abandon the prosecution. In a submission before a federal court in Brooklyn, Adani’s legal …

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Pfizer Walks Away From Major Generic Drug Pricing Case as Judge Finds Insufficient Evidence

2 minutes of reading

Pfizer has secured a significant legal victory after a federal judge in Connecticut removed the pharmaceutical giant from a sprawling antitrust lawsuit accusing dozens of drugmakers of manipulating generic drug prices across the United States. The lawsuit, brought by 45 states, the District of Columbia and four U.S. territories, alleges that pharmaceutical companies coordinated pricing …

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Final Days, High Stakes: Supreme Court Weighs the Reach of Presidential Power

3 minutes of reading

As the U.S. Supreme Court moves toward the close of its annual term, a cluster of unresolved cases is placing the scope of presidential authority under an intense spotlight. Several of the most closely watched disputes before the court stem directly from President Donald Trump’s efforts to exercise broad executive power during his second stint …

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ICC Judges Take Washington to Court, Challenge Sanctions as Assault on Judicial Independence

2 minutes of reading

Three judges of the International Criminal Court (ICC) have launched a legal challenge against U.S. President Donald Trump and his administration, arguing that sanctions imposed on them amount to an unlawful attempt to pressure and punish members of an international tribunal. The lawsuit, filed in a federal court in Manhattan, was brought by ICC judges …

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New Jersey Sanctuary-City Challenge Collapses as Federal Judge Finds DOJ Targeted the Wrong Layer of Policy

2 minutes of reading

A federal judge has thrown out the Trump administration’s attempt to dismantle immigration-related policies adopted by four New Jersey cities, ruling that the lawsuit failed to account for the broader state framework governing cooperation with federal immigration authorities. The case, brought by the U.S. Department of Justice in 2025, targeted Newark, Jersey City, Hoboken and …

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