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Saudization is a government policy requiring private companies in Saudi Arabia to hire more Saudi nationals. It aims to reduce unemployment and build local talent, especially in the private sector. While expats face more competition in certain roles, skilled foreign professionals remain in demand. The policy is part of the broader Vision 2030 plan to diversify the economy and grow the local workforce.
Columbia University is nearing a settlement with the Trump administration, potentially paying over $200 million to address alleged civil rights violations related to the harassment of Jewish students. The agreement aims to restore $400 million in federal research funding previously revoked. In return, Columbia would resolve claims and increase transparency in admissions and foreign donations, avoiding long-term federal supervision.
Bahrain's yacht rental market is experiencing rapid growth, fueled by rising affluence and strategic investments in maritime infrastructure. From short marina cruises to island excursions and superyacht charters, diverse options cater to tourists, expats, and locals. This surge reflects Bahrain's ambition to become a prominent Gulf yachting hub, blending leisure, heritage, and economic diversification.
David Gergen, a prominent American political commentator and former advisor to four U.S. presidents, has passed away at 83 after a prolonged illness. Gergen served Presidents Nixon, Ford, Reagan, and Clinton in various roles, including speechwriter and communications director. Remembered for his bipartisanship and dedication to public service, Gergen also founded the Center for Public Leadership at Harvard Kennedy School.
Ultra-wealthy Indians are quietly acquiring private island properties in Dubai and Bahrain, drawn by freehold ownership, lifestyle privacy, and potential capital growth. These multi-million-dollar investments in developments like Amali and Amwaj offer stability, no personal income tax, and a discreet haven for the global elite. Despite costs and environmental concerns, Gulf islands are emerging as attractive assets.
Binance’s launch of Sharia Earn marks a pivotal moment for Muslim investors seeking halal crypto solutions. Backed by Amanie Advisors and AAOIFI standards, it aligns crypto staking with core Islamic finance principles, no Riba, Gharar, or Haram involvement. By blending modern blockchain tools with faith-based ethics, Binance paves the way for inclusive, compliant participation in digital finance.
Sergey Lavrov cautioned the US, South Korea, and Japan against forming a security alliance targeting North Korea during his visit. Kim Jong Un pledged unwavering support for Russia's actions in Ukraine, mirroring their aligned strategic views. Lavrov advocated for stronger cooperation amidst growing concerns over North Korea's military advancements and potential technology transfers from Russia.
Philadelphia officials and District Council 33 have reached a tentative agreement, ending a week-long strike by nearly 10,000 blue-collar workers. The agreement, which needs ratification, includes a 14 percent pay increase over four years. The strike, impacting trash pickup and other services, concluded after negotiations, with both sides expressing satisfaction with the outcome.