Saudi Arabia closed 2025 with a modest uptick in price pressures, as annual inflation edged up to 2.1 percent in December, compared with 1.9 percent a year earlier. The increase was largely driven by higher living costs. Housing-related expenses — including rents, utilities, gas and other fuels — climbed 4.1 percent, continuing to be the …
Rising Rents and Services Nudge Saudi Inflation Higher at Year-End Read More »
Saudi Electricity Company is preparing to return to the debt markets, lining up a broad syndicate of regional and international banks for a potential dollar-denominated, senior unsecured sukuk. The move comes alongside a newly arranged five-year financing facility that could reach up to $1.5 billion, underscoring the utility’s active fundraising streak as it strengthens liquidity …
Saudi Power Giant Lines Up Global Lenders for Fresh Dollar Sukuk Push Read More »
An Abu Dhabi-based fintech newcomer has burst onto the regional investment scene with a funding round that turns heads well beyond the Gulf. Startup Mal has raised $230 million at the seed stage, a figure widely described as the largest of its kind across the Middle East and Africa. The capital was anchored by global …
Emirates NBD has stepped into the digitally native debt space with a benchmark-sized issuance, pricing a three-year, AED1 billion dirham-denominated note at a 4.25% coupon, offered at par. Investor demand came in strong. Order books crossed AED1.3 billion, even before accounting for interest from joint lead managers, signalling solid appetite for the UAE lender’s first …
Emirates NBD Taps Digital Markets With AED1 Billion Dirham Note Sale Read More »
Uber heads into a closely watched courtroom battle in Arizona this week, a case that could ripple far beyond one woman’s claim and into the heart of how the ride-hailing giant answers for passenger safety. At the center of the trial is an Oklahoma woman who says she was sexually assaulted by a driver she …
Phoenix Trial Puts Uber’s Safety Promises on the Line Read More »
The BBC is preparing to ask a U.S. court to throw out President Donald Trump’s sweeping defamation lawsuit, arguing that the case never belonged there in the first place. Court filings released late Monday indicate the British broadcaster will seek dismissal of Trump’s claim, which demands up to $10 billion over the editing of a …
BBC Moves to Shut Down Trump’s $10 Billion Defamation Case Read More »
A coalition of Democratic-led states has taken the Trump administration to court, accusing federal health officials of attaching unlawful strings to massive public funding programs in a move they say targets transgender Americans. Twelve states filed a lawsuit in federal court in Rhode Island, arguing that the U.S. Department of Health and Human Services (HHS) …
States Push Back as Federal Health Grants Become a Battleground Over Transgender Rights Read More »
A federal courtroom in Boston turned into a reckoning over paperwork, power, and a young life interrupted, after a college student was deported to Honduras even though a judge had ordered that she remain in the United States. At the center of the case is Any Lucia Lopez Belloza, a 19-year-old Babson College student who …
Court Floats Unusual Fix After Student Is Sent Out of the U.S. Despite Deportation Ban Read More »
The U.S. Supreme Court appeared poised to side with states seeking to bar transgender athletes from competing on girls’ and women’s sports teams, as conservative justices pressed arguments that framed the issue as one of fairness, safety, and legislative authority rather than individual accommodation. The debate unfolded during marathon hearings over laws enacted in Idaho …
First Abu Dhabi Bank has returned to the debt markets with confidence, sealing a $750 million five-year senior unsecured bond that drew deep global interest. The dollar-denominated note was issued under Regulation S at a fixed coupon and yield of 4.299%, priced at par. The spread was set at 60 basis points over US Treasuries, …
FAB Locks in Five-Year Dollar Funding as Demand Swells Past $2.8 Billion Read More »
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