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UAE launches first 7-year Islamic Sukuk: AED 550m tranche sees sixfold demand surge
The UAE has successfully launched its first seven-year Islamic Treasury Sukuk. This new offering, valued at AED550 million, attracted nearly six times its value in bids. The issuance marks the longest maturity under the program. This move strengthens the UAE's Islamic finance framework and the dirham yield curve. Investor confidence in the national economy remains high.
KD 1,000 fine and 6 months in jail for organising Ramadan 2026 gatherings? Kuwait shuts down viral rumour
Kuwait's Ministry of Interior has debunked a viral social media claim about severe penalties for unpermitted Ramadan gatherings. Authorities clarified that no fines of KD 1,000 or six-month jail terms are in place for organisers. Citizens are urged to rely on official channels for information, as such rumours can cause unnecessary public alarm.
Kuwait intensifies nationwide security crackdown: Drugs, crime, illegal businesses targeted
Kuwaiti authorities have intensified a nationwide security crackdown, targeting drug trafficking, violent crime and unlicensed businesses. Recent operations thwarted a major Captagon smuggling attempt and led to arrests for illegal liquor sales. This broad enforcement aims to restore public order and disrupt criminal networks, emphasising strict adherence to laws for all residents and businesses.
Ghislaine Maxwell's brother calls her 'real victim' in Epstein scandal; labels Virginia Giuffre ‘monster’
Ghislaine Maxwell's brother, Ian, asserts she is the "real victim" in the Jeffrey Epstein scandal, calling accuser Virginia Giuffre a "monster." He claims Ghislaine was a "fall guy" and her trial was unfair, arguing her 20-year sentence is outrageous compared to others. Ian believes Ghislaine did nothing wrong and hopes for a presidential pardon.
'They bombed our civilian compatriots': 'Dozens' killed after Pakistan conducts airstrikes in Afghanistan
Afghanistan reported dozens killed and wounded after Pakistan conducted airstrikes in eastern border provinces, targeting alleged militant camps. Pakistan stated the strikes were in response to recent suicide attacks, including one by an Afghan national. Tensions escalate as Pakistan warns of further action if Afghan soil is used for terrorism.
Meet Neal Katyal, Indian-origin lawyer at centre of US Supreme Court verdict against Trump tariffs
On Friday, the US Supreme Court might have given Donald Trump one of the biggest setbacks of his second term by striking down his tariffs. But at the heart of the blow to Trump was the arguments that made by an Indian-origin lawyer who has emerged as a significant figure in the landmark Supreme Court judgment that has left Trump angry.
Will Indian exports face only 10% US tariffs now? White House signals major reset
In a major shift in global trade policy, the United States has announced a reset of its tariffs, which lowers duties on Indian exports from 18% to 10%. This move comes just weeks after the landmark India-US trade agreement that had already reduced tariffs significantly. A White House official said the new 10% global tariff applies to all major trading partners, with previous rates of 15% for Switzerland, South Korea, the EU, and Japan, and 20% for Vietnam. The United Kingdom remains at 10%.
Saudi clarifies regional HQ not mandatory in all government tenders under new exemption rules
Saudi Arabia has eased its strict 2024 rule barring foreign firms without regional headquarters from government contracts. A new framework allows structured exemptions for projects needing specialized expertise or strong financial competitiveness. This move aims to maintain policy objectives while ensuring access to critical skills and competitive bids, with an electronic portal streamlining the exemption process.
Tariff ruling: Meet the Trump-appointed Supreme Court judges who went against him
At the heart of the case was whether Trump could use emergency powers under a national-security law to impose broad tariffs on imports. The Supreme Court ruled that the statute did not authorise such sweeping action. It held that tariffs are essentially a form of taxation, and under the Constitution, the power to impose taxes rests with Congress.
'Nothing changes': Trump says India-US trade deal secure after SC ruling, New Delhi to pay 10% tariffs
US President Donald Trump said on Friday that there will be no change to the India US trade deal, despite the Supreme Court of the United States striking down his earlier reciprocal tariffs. "Nothing changes, they’ll be paying tariffs, and we will not be paying tariffs," Trump said when asked about the impact of the ruling on the agreement being finalised with India.
RECENT NEWS
- UAE launches first 7-year Islamic Sukuk: AED 550m tranche sees sixfold demand surge
- KD 1,000 fine and 6 months in jail for organising Ramadan 2026 gatherings? Kuwait shuts down viral rumour
- Kuwait intensifies nationwide security crackdown: Drugs, crime, illegal businesses targeted
- Ghislaine Maxwell's brother calls her 'real victim' in Epstein scandal; labels Virginia Giuffre ‘monster’
- 'They bombed our civilian compatriots': 'Dozens' killed after Pakistan conducts airstrikes in Afghanistan
