PIF Draws Deep Demand as $2 Billion Sukuk Prices at the Tight End

PIF Draws Deep Demand as $2 Billion Sukuk Prices at the Tight End

Saudi Arabia’s Public Investment Fund has opened the year’s funding playbook with a confident move in Islamic debt markets, locking in a $2 billion, 10-year benchmark sukuk at a slim 85 basis points over U.S. Treasuries. That final pricing marked a sharp tightening from early guidance pitched around the T+120bps level, as investor appetite surged …

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After a Choppy Year, MENA’s IPO Engine Gears Up for a 2026 Comeback

After a Choppy Year, MENA’s IPO Engine Gears Up for a 2026 Comeback

After a year defined by market whiplash and postponed ambitions, the Middle East and North Africa equity capital markets are lining up for a busier 2026. Bankers say deals that were shelved during last year’s volatility are edging back onto the runway, setting the stage for a rebound in listings and share sales. Total equity …

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Federal Immigration Sweep Reaches Maine, Stirring Statewide Backlash

Federal Immigration Sweep Reaches Maine, Stirring Statewide Backlash

The Trump administration has launched a new immigration enforcement drive in Maine, moving federal agents into a state known for its long-standing refugee communities, including a large population of Somali immigrants. The Department of Homeland Security announced that the effort—dubbed “Operation Catch of the Day”—began earlier this week and is aimed, according to federal officials, …

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Maxim Claims Playboy Lifted Its Playbook for a Look-Alike Modeling Contest

Maxim Claims Playboy Lifted Its Playbook for a Look-Alike Modeling Contest

Maxim has taken Playboy to court, accusing the iconic rival of building a glossy new modeling competition by borrowing more than inspiration. In a filing in New York, the publisher behind Maxim alleges that Playboy’s “Great Playmate Search” was assembled using confidential tools, systems, and creative elements taken from Maxim’s long-running “Cover Girl” contest. According …

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Fired Labor Board Chief Steps Back as Courts Tilt Power Toward the White House

Fired Labor Board Chief Steps Back as Courts Tilt Power Toward the White House

Susan Grundmann, once the chair of the U.S. Federal Labor Relations Authority, has withdrawn her court challenge to President Donald Trump’s decision to remove her from office, closing a legal fight that had become increasingly uphill. Her exit from the case came after a federal appeals court recently sided with Trump in similar disputes, ruling …

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High Court Signals a Red Line: What the Fed–Cook Showdown Revealed

High Court Signals a Red Line: What the Fed–Cook Showdown Revealed

Inside the U.S. Supreme Court this week, the argument over President Donald Trump’s bid to remove Federal Reserve Governor Lisa Cook unfolded less like a cliffhanger and more like a warning flare. Over two hours, the justices’ questions traced the outlines of a decision that appears poised to favor Cook—and, by extension, the Fed’s long-guarded …

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Appeals Court Clears Way for Immigration Crackdown as Minneapolis Protests Escalate

Appeals Court Clears Way for Immigration Crackdown as Minneapolis Protests Escalate

A federal appeals court has temporarily swept aside restrictions that had limited how immigration agents could respond to protesters in Minnesota, reopening the door to arrests and crowd-control tactics in Minneapolis as a massive enforcement operation rolls on. The ruling halts a lower court order that had shielded peaceful demonstrators and observers from being detained …

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A Termination by Timeline: Supreme Court Confronts Trump’s Attempt to Oust a Fed Governor

A Termination by Timeline: Supreme Court Confronts Trump’s Attempt to Oust a Fed Governor

The U.S. Supreme Court is preparing to step into a clash that blends presidential power, central bank independence and the modern habit of governing by social media. At issue is President Donald Trump’s bid to remove Federal Reserve Governor Lisa Cook — an action he attempted last August not through a formal notice, but via …

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