Saudi Arabia’s Social Development Bank (SDB) has rolled out SAR6.5 billion ($1.73 billion) in financing during the first nine months of the year, directly reaching more than 90,000 people and enterprises across the Kingdom. The update came during the bank’s third-quarter board meeting, chaired by Human Resources and Social Development Minister Eng. Ahmed bin Sulaiman …
Australian energy giant Santos woke up to a market shock on Thursday after Abu Dhabi’s ADNOC-led consortium abruptly pulled the plug on its $18.7 billion takeover bid. The fallout sent Santos shares crashing more than 13%—their steepest drop in over five years. The deal, once hailed as potentially the largest all-cash corporate buyout in Australian …
Santos Stumbles as Mega-Deal with ADNOC Unravels Read More »
The Federal Reserve pressed the rate-cut button for the first time in nine months, trimming its benchmark by a quarter of a percentage point and hinting that two more reductions are likely before the year closes. The move, aimed squarely at calming nerves over a softening job market, carried broad support across the central bank …
Fed Trims Rates, Signals More to Come — One Lone Voice Wanted a Deeper Cut Read More »
The ripple from Washington traveled swiftly across the Gulf on Wednesday. Hours after the U.S. Federal Reserve trimmed rates by 25 basis points, the region’s central banks moved in unison, pulling their own key rates lower. For Saudi Arabia, the heavyweight of the bloc, the repo rate slipped to 4.75% and the reverse repo to …
Gulf States Slash Interest Rates in Lockstep with U.S. Fed Read More »
VFS Global, the world’s largest visa outsourcing giant with roots in Zurich and Dubai, is gearing up to lock in fresh funding worth around $2 billion. The move isn’t about expansion—it’s about reshaping its balance sheet, refinancing older borrowings, and covering transaction costs. The financing is structured as a mix of U.S. dollar and euro …
Dubai’s VFS Global Targets $2 Billion Loan Package to Reshape Debt Load Read More »
Saudi Arabia has cemented its role as the beating heart of the Gulf’s debt markets, with recent multi-billion-dollar issuances underscoring its unmatched appetite for funding and investor confidence. September alone saw a flurry of deals—$5.5 billion in sovereign sukuk tied to Vision 2030, $3 billion raised by Aramco, and another $2 billion from the Public …
The saga of George Santos, once a rising political figure turned convicted fraudster, added another chapter this week—this time starring late-night host Jimmy Kimmel. A federal appeals court in Manhattan tossed out Santos’ claims that Kimmel duped him into recording personalized Cameo videos and then used them for comedic takedowns on Jimmy Kimmel Live!. In …
Jimmy Kimmel Outplays George Santos in Court Over Cameo Video Feud Read More »
A federal judge has ruled that the Trump administration crossed legal lines when it pushed through mass terminations of U.S. government employees, striking at the careers of thousands. Yet despite finding the firings unlawful, the court stopped short of returning workers to their posts. The case centered on a sweeping directive issued by the Office …
The legal architects of a $700 million settlement against Google are now asking the court for their reward: an $85 million fee for the work that brought the tech giant to the negotiating table. The two firms—Bartlit Beck and Kaplan Fox & Kilsheimer—filed their request with U.S. District Judge James Donato in San Francisco. The …
Lawyers Behind Google App Store Settlement Seek $85 Million Slice of the Pie Read More »
The chessboard of Washington’s legal world shifted again as Paul, Weiss, Rifkind, Wharton & Garrison LLP secured a major win for its antitrust bench. The firm announced the arrival of three high-profile partners from A&O Shearman, led by David Higbee, the architect of that firm’s global antitrust practice and a member of its executive committee. …
Paul Weiss Snaps Up Antitrust Heavyweights from A&O Shearman Read More »
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