MENA and Pakistan Economies Defy Headwinds, Poised for 3.2% Growth in 2025: IMF Outlook

MENA and Pakistan Economies Defy Headwinds, Poised for 3.2% Growth in 2025: IMF Outlook

The International Monetary Fund painted an unexpectedly upbeat picture for the Middle East, North Africa, and Pakistan, projecting that regional economies will expand by 3.2% in 2025 and accelerate further to 3.7% in 2026 — a marked rise from last year’s 2.1% pace. Oil exporters, buoyed by increased production after the rollback of OPEC+ cuts, …

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Salama Charts a New Course with $48 Million Convertible Sukuk After Capital Shake-Up

Salama Charts a New Course with $48 Million Convertible Sukuk After Capital Shake-Up

Dubai-based Islamic insurer Salama is taking bold steps to reset its financial footing. The Takaful provider, listed on the Dubai Financial Market, plans to raise up to 175 million dirhams ($48 million) through a Mandatory Convertible Sukuk issuance, following a shareholder-approved capital reduction. The restructuring aims to clear accumulated losses and cancel treasury shares, reinforcing …

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Abu Dhabi’s Mamoura Secures AED 1 Billion Bond Amid Surging Investor Appetite

Abu Dhabi’s Mamoura Secures AED 1 Billion Bond Amid Surging Investor Appetite

Abu Dhabi’s sovereign-backed investment arm, Mamoura Diversified Global Holding (MDGH), has successfully priced a AED 1 billion ($272 million) five-year Reg S bond, offering investors a 4.20% coupon. The final pricing came in tighter than initial guidance of 4.45%, reflecting strong market interest. Investor demand was robust, with orderbooks exceeding AED 4.7 billion, even before …

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DC Legal Heavyweight Wins Dismissal in High-Profile IRS Defamation Case

DC Legal Heavyweight Wins Dismissal in High-Profile IRS Defamation Case

A federal judge has thrown out a defamation lawsuit filed by two IRS agents against veteran Washington attorney Abbe Lowell, reinforcing the protections afforded to lawyers advocating for their clients. The case, initiated last year by IRS agents Gary Shapley and Joseph Ziegler, claimed Lowell defamed them in letters to Congress and media outlets regarding …

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Tesla’s $1 Trillion Pay Plan for Musk Faces Investor Backlash

Tesla’s $1 Trillion Pay Plan for Musk Faces Investor Backlash

Tesla’s record-shattering $1 trillion pay proposal for CEO Elon Musk is hitting turbulence as influential proxy adviser ISS has urged shareholders to vote it down, calling it an “extraordinarily high” package that could limit the board’s flexibility for years to come. This marks the second consecutive year ISS has recommended against Musk’s compensation plan. Its …

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Chicago Judge Mandates Body Cameras for Federal Immigration Agents Amid Protests

Chicago Judge Mandates Body Cameras for Federal Immigration Agents Amid Protests

CHICAGO — Federal immigration officers enforcing the Trump administration’s crackdown in Chicago are now required to wear body cameras, following a ruling by U.S. District Judge Sara Ellis. The judge cited concerns that officers were failing to follow a previous court order meant to regulate their interactions with protesters. Under Ellis’s order, officers equipped with …

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Federal Courts Brace for Pay Freeze as Shutdown Drains Funds

Federal Courts Brace for Pay Freeze as Shutdown Drains Funds

The gears of the U.S. federal judiciary are grinding to a slow halt. Starting Monday, courts across the country will begin furloughing staff and scaling back non-essential functions after their emergency reserves ran dry amid the ongoing government shutdown. For the first time in nearly three decades, thousands of judicial employees may be sent home …

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Trump Frees George Santos, Calling His Seven-Year Sentence “Unfair”

Trump Frees George Santos, Calling His Seven-Year Sentence “Unfair”

In a move that reignited debate over presidential clemency, Donald Trump has commuted the prison sentence of former U.S. Representative George Santos — the scandal-scarred lawmaker whose brief political career was defined by deception and downfall. Santos, once a rising Republican from New York, had been serving an 87-month sentence for fraud and identity theft …

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Bolton Battles Back: Former U.S. Security Chief Faces Fierce Case, But His Defense May Prove Just as Tough

Bolton Battles Back: Former U.S. Security Chief Faces Fierce Case, But His Defense May Prove Just as Tough

The storm circling John Bolton, once a towering figure in American foreign policy, now swirls inside a Maryland courtroom. At 76, the former U.S. National Security Adviser stands accused of transmitting and keeping classified national defense information—eighteen counts in all. Yet the contours of his case look far sharper, and perhaps sturdier, than the politically …

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Tabreed Supercharges Growth with Record-Breaking Deals

Tabreed Supercharges Growth with Record-Breaking Deals

Abu Dhabi’s district cooling powerhouse, Tabreed, has unveiled the completion of its two largest-ever transactions, setting the stage for a significant leap in scale and operational strength. The company, in partnership with global investor CVC DIF, finalized the acquisition of PAL Cooling Holding from Multiply Group, following all regulatory approvals. Almost simultaneously, Tabreed sealed a …

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