Based on the unchanged price range for the sale of its shares of Dh1.50 to Dh1.60, the revised IPO size is expected to rake range between Dh7 billion and Dh7.5 billion
markets1 hour ago
A US court on Thursday unanimously refused to reinstate Donald Trump's ban on refugees and nationals from seven Muslim-majority countries, dealing the new president and his controversial law-and-order agenda a major defeat.
The San Francisco federal appeals court's ruling on Trump's executive order - issued on January 27 with no prior warning and suspended by a lower court a week later - capped a turbulent first three weeks of his presidency.
A defiant Trump quickly pledged to battle on, tweeting within minutes of the decision: "SEE YOU IN COURT, THE SECURITY OF OUR NATION IS AT STAKE!"
"It's a political decision," he told reporters later.
The Justice Department had asked the Ninth Circuit Court of Appeals to restore the measure on an emergency basis, but the three-judge panel instead maintained the suspension ordered by a federal judge in Seattle.
"We hold that the government has not shown a likelihood of success on the merits of its appeal, nor has it shown that failure to enter a stay would cause irreparable injury," the judges ruled.
Trump's decree summarily denied entry to all refugees for 120 days, and travelers from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen for 90 days. Refugees from Syria were blocked indefinitely.
The new Republican administration argued the ban was needed to prevent Daesh and Al Qaeda fighters from reaching US soil, but it prompted travel chaos and was roundly rejected by immigration advocacy groups.
Critics say the measure targeted Muslims in violation of US law. Now, the case could end up in the Supreme Court.
The San Francisco court said aspects of the public interest favoured both sides, highlighting the "massive attention" the case had drawn.
"On the one hand, the public has a powerful interest in national security and in the ability of an elected president to enact policies," the ruling said. "And on the other, the public also has an interest in free flow of travel, in avoiding separation of families, and in freedom from discrimination."
While acknowledging that the Seattle judge's ruling "may have been overbroad in some respects," the panel said it was not their "role to try, in effect, to rewrite the executive order."
Based on the unchanged price range for the sale of its shares of Dh1.50 to Dh1.60, the revised IPO size is expected to rake range between Dh7 billion and Dh7.5 billion
markets1 hour ago
'Little did I realise that fortune and fate had a big story for me,' says the Indian actor
entertainment1 hour ago
The film is set to hit the theatres on December 5
entertainment1 hour ago
Flick praised Lewandowski who scored twice to join Ronaldo and Messi as the only players to reach 100 goals in Champions League
football1 hour ago
The leader pardoned them on the condition of their good record and conduct
uae1 hour ago
The event, set to take place on November 30, aims to raise awareness about diabetes and promote a healthy, balanced lifestyle
kt network1 hour ago
By immersing its diverse workforce in the nation's rich heritage, Keolis MHI highlights its commitment to reinforcing national pride and contributing to the UAE's vibrant and inclusive community
kt network2 hours ago
The event brought together an array of art forms, blending tradition with innovation, to celebrate the cultural richness of India while fostering harmony among diverse communities.
kt network2 hours ago