UAE Lenders Swell to Record Size as 2025 Delivers a Balance-Sheet Boom

UAE Lenders Swell to Record Size as 2025 Delivers a Balance-Sheet Boom

The UAE’s banking sector wrapped up 2025 on a high note, adding more than AED780 billion in assets over the year and pushing the system’s total size to roughly AED5.34 trillion by December, up from about AED4.56 trillion a year earlier. Figures released by the Central Bank of the UAE show momentum carrying through to …

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Appeals Cut Short: White House Plan Reroutes Fired Federal Workers’ Challenges

Appeals Cut Short: White House Plan Reroutes Fired Federal Workers’ Challenges

A new proposal from Washington could dramatically narrow how dismissed federal employees fight their way back into government service. Under the plan, workers who lose their jobs would no longer take their cases to an independent body that traditionally settles disputes between agencies and employees. Instead, appeals would be handled by the federal government’s own …

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Appeals Court Clears Path for White House to Roll Back Migrant Protections

Appeals Court Clears Path for White House to Roll Back Migrant Protections

A U.S. appeals court has handed the Trump administration a key legal win, allowing it—at least for now—to move ahead with ending deportation protections for tens of thousands of migrants from Honduras, Nepal and Nicaragua. On Monday, the 9th U.S. Circuit Court of Appeals paused a lower court order that had blocked the rollback of …

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Judge Halts Deportation Bid Against Tufts Scholar After Visa Revoked Over Gaza Op-Ed

Judge Halts Deportation Bid Against Tufts Scholar After Visa Revoked Over Gaza Op-Ed

A U.S. immigration judge has shut down the Trump administration’s attempt to deport Rumeysa Ozturk, a Tufts University doctoral student whose student visa was pulled after she co-wrote a campus editorial critical of the university’s response to the war in Gaza. According to court filings, the judge found that the Department of Homeland Security failed …

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Hudson Tunnel Funds in Limbo as Judge Pauses Order Against White House Freeze

Hudson Tunnel Funds in Limbo as Judge Pauses Order Against White House Freeze

A federal judge in New York has hit pause—again—on the battle over billions meant for a critical rail link beneath the Hudson River, temporarily suspending her own order that would have forced the Trump administration to release long-frozen funding. The ruling puts the spotlight back on the $16 billion Hudson River Tunnel Project, a centerpiece …

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Press Watchdogs Seek Action After Federal Official Sought Warrant to Search Reporter’s Home

Press Watchdogs Seek Action After Federal Official Sought Warrant to Search Reporter’s Home

A clash between press freedom advocates and the U.S. Justice Department has erupted after a federal official requested a warrant to search the home of a Washington Post reporter during a leak investigation. A media rights group has asked Virginia’s attorney-licensing authority to discipline Gordon D. Kromberg, a Justice Department official who sought judicial approval …

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A Power Broker Unraveled: The Rise and Sudden Fall of Brad Karp at Paul Weiss

A Power Broker Unraveled: The Rise and Sudden Fall of Brad Karp at Paul Weiss

For nearly two decades, Brad Karp stood at the center of Paul Weiss, Rifkind, Wharton & Garrison — not just as its chairman, but as its gravitational force. He helped turn a storied New York litigation shop into a globe-spanning legal heavyweight, equally fluent in courtroom battles and blockbuster corporate deals. Then, almost overnight, the …

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Binghatti’s $500m Sukuk Draws Heavy Demand as Investors Crowd In

Binghatti’s $500m Sukuk Draws Heavy Demand as Investors Crowd In

Dubai developer Binghatti has locked in a $500 million five-year sukuk, riding a surge of investor appetite that pushed demand well past expectations. The Islamic bond was priced with a profit rate of 8.375%, translating to a spread of 461.3 basis points over US Treasuries. Interest was strong from the outset, with final order books …

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Dubai Watchdog Slaps Ark Capital With Hefty Penalty Over Trading Oversight Gaps

Dubai Watchdog Slaps Ark Capital With Hefty Penalty Over Trading Oversight Gaps

Dubai’s financial regulator has handed Ark Capital Management (Dubai) Limited a sharp rebuke — and a sizeable fine — after concluding the firm fell short on basic market abuse safeguards. The Dubai Financial Services Authority ordered Ark Capital to pay 1.85 million dirhams (about $504,000), citing weak internal systems that failed to properly flag, assess, …

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