A U.S. federal court has dismissed a lawsuit brought by Elon Musk’s artificial intelligence venture xAI against OpenAI, concluding that the company failed to provide sufficient evidence that confidential information was improperly obtained or used. The ruling came from a federal judge in San Francisco, who found that xAI could not establish that OpenAI encouraged …
The battle over who bears responsibility for gun violence took another turn on Monday after the U.S. Supreme Court declined to intervene in a challenge to New York’s controversial law allowing lawsuits against members of the firearms industry. By refusing to hear the case, the nation’s highest court left standing a lower court ruling that …
Supreme Court Leaves New York’s Gun Industry Liability Law Intact Read More »
Florida has opened a new legal front against TikTok, accusing the popular video-sharing platform of ignoring state rules designed to keep younger children off social media. The lawsuit, filed in a state court in St. Lucie County, claims TikTok continues to permit children below the age threshold established under Florida law to create and maintain …
Florida Takes TikTok to Court, Alleging Violations of Youth Social Media Restrictions Read More »
A federal judge has directed the Trump administration to restore exhibits and informational displays removed from national parks and historic sites across the United States, ruling that the removals likely violated laws governing the operation and preservation of the National Park System. The decision came from a federal court in Boston, where the judge issued …
Judge Orders Restoration of Park Displays Removed Under Trump-Era History Directive Read More »
The U.S. Supreme Court has agreed to take up a closely watched immigration case that could determine whether non-citizens facing deportation can be held for extended periods without an opportunity to seek release on bail. The dispute arises from a challenge to the federal government’s practice of detaining certain immigrants convicted of serious crimes while …
Asian markets surged on Friday as investors embraced fresh optimism that a breakthrough in the Middle East conflict could be within reach, easing concerns over energy-driven inflation and lifting risk appetite across global financial markets. The rally spread across the region after comments from U.S. President Donald Trump suggested that a potential peace agreement involving …
Markets Cheer Gulf Peace Signals as Oil Retreats and SpaceX Fever Grips Investors Read More »
Boards across the Middle East are positioning themselves at the forefront of technology governance, with new research indicating that the region’s directors are more engaged in artificial intelligence oversight and future-focused decision-making than their counterparts elsewhere. A global survey conducted by board advisory and technology specialist Board Intelligence found that Middle Eastern boardrooms are among …
Gulf Boardrooms Race Ahead as AI Governance Becomes a Strategic Imperative Read More »
Saudi-listed Sinad Holding has secured a long-term Islamic financing facility worth SAR300 million ($79.9 million) from Alinma Bank, strengthening its financial capacity as it pursues broader investment opportunities. According to a disclosure filed with the Saudi stock exchange, the facility became effective on June 11, 2026, and will remain in place until January 31, 2029. …
Sinad Taps Alinma for SAR300 Million Funding to Back Investment Plans Read More »
Dhabi’s AD Ports Group has taken another step toward strengthening its position in Egypt’s maritime logistics sector, with plans to consolidate ownership of Alexandria Container & Cargo Handling Company (ALCN), one of the country’s most strategically important port operators. The company announced that its wholly owned subsidiary, Black Caspian, has filed a draft mandatory tender …
AD Ports Eyes Fuller Grip on Key Egyptian Container Operator Through ADQ Stake Transfer Read More »
A federal judge in Washington has refused to temporarily block a proposed $1.8 billion fund linked to President Donald Trump, concluding that the administration itself has indicated the initiative is no longer moving forward. U.S. District Judge Richard Leon ruled that a request from watchdog group Citizens for Responsibility and Ethics in Washington lacked urgency …
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