A federal judge has thrown out the Trump administration’s attempt to dismantle immigration-related policies adopted by four New Jersey cities, ruling that the lawsuit failed to account for the broader state framework governing cooperation with federal immigration authorities. The case, brought by the U.S. Department of Justice in 2025, targeted Newark, Jersey City, Hoboken and …
YouTube has reached a confidential settlement with a Florida teenager who alleged the video-sharing platform contributed to severe mental health problems stemming from social media addiction, removing Google from a closely watched California court battle that is testing the industry’s responsibility for harm to young users. The agreement comes just weeks before a scheduled July …
YouTube Exits Youth Addiction Lawsuit Ahead of Major Social Media Trial Read More »
A deeply contested dispute over religious freedom behind prison walls reached its conclusion at the U.S. Supreme Court, where a divided bench ruled that a Louisiana Rastafarian inmate cannot seek monetary damages from prison staff who forcibly shaved his hair despite his religious objections. In a 6-3 decision, the court determined that Damon Landor’s lawsuit …
Faith, Locks and the Law: Supreme Court Blocks Louisiana Inmate’s Bid for Damages Read More »
Egypt is set to raise EGP 4.8 billion (approximately $154 million) through a fresh treasury bond issuance scheduled for June 23, as authorities continue to tap the domestic debt market to support state financing requirements. The offering consists of three-year treasury bonds carrying a coupon rate of 23.068%, with interest payments to be made every …
Egypt Locks in EGP 4.8 Billion Through New Treasury Bond Sale Read More »
Major stock markets across the Gulf opened lower on Tuesday, pressured by a sharp decline in oil prices and growing expectations that the U.S. Federal Reserve could adopt a more aggressive stance on interest rates later this year. Investor sentiment weakened after Washington granted Iran a temporary sanctions waiver, allowing the country to continue crude …
Gulf Stocks Lose Ground as Oil Slips and Fed Tightening Fears Intensify Read More »
Dukhan Bank is preparing to tap international debt markets with a planned $500 million Additional Tier 1 (AT1) sukuk, launching a series of investor meetings as it gauges demand for the capital-raising exercise. The Qatari Islamic lender, which holds an A2 rating with a stable outlook from Moody’s and an A rating on negative watch …
Dukhan Bank Sets Stage for $500 Million AT1 Sukuk Offering Read More »
First Abu Dhabi Bank (FAB) has tapped international debt markets once again, raising $750 million through a benchmark Tier 2 capital securities offering that attracted strong investor interest and enabled the lender to tighten pricing significantly from initial guidance. The Abu Dhabi-based bank priced the Reg S-compliant securities at par, achieving a spread of 140 …
FAB Secures $750 Million Tier 2 Deal as Investor Appetite Compresses Pricing Read More »
The Gulf’s initial public offering market is entering a holding pattern, with several high-profile listings pushed beyond the summer months as investors wait for stronger signals on market stability, liquidity and valuation trends. Recent indications that tensions involving Iran may be easing have helped improve sentiment across Gulf Cooperation Council (GCC) markets. Yet investment bankers …
GCC IPO Pipeline Awaits Clearer Skies as Investors Gauge Post-Conflict Recovery Read More »
Uber is facing a fresh legal challenge from its own shareholders, who accuse the company’s leadership of repeatedly failing to enforce compliance standards, a pattern they say exposed the ride-hailing giant to thousands of lawsuits involving sexual assault, harassment, and other misconduct claims. The lawsuit, filed in federal court in San Francisco, alleges that Uber’s …
Uber Board Faces Shareholder Revolt Over Safety Oversight and Compliance Failures Read More »
California has launched a new legal challenge against the U.S. Environmental Protection Agency, accusing the federal agency of unlawfully placing long-standing state emissions waivers before Congress for possible repeal. The lawsuit, filed in federal court in Washington, targets the EPA’s decision earlier this month to transmit several California clean-air waivers to lawmakers under the Congressional …
California Takes EPA to Court Over Congressional Review of State Emissions Waivers Read More »
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