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Justice

UAE-Funded Smear Campaign Linked to George Washington University | TOME

The smears spurred Austrian police to raid Islamophobia scholar Farid Hafez's family home. Then the terrorism charges fell apart.

The post Lawsuit Links Wild UAE-Financed Smear Campaign to George Washington University appeared first on The Intercept.

Justice

Prosecutors Clear Northwestern Students in Pro-Palestine Paper Parody Case

The parent company of the Daily Northwestern backed down after days of backlash and promises to boycott from students, faculty, and alumni.

The post Prosecutors Drop Charges Against Northwestern Students for Pro-Palestine School Paper Parody appeared first on The Intercept.

News

Rep. Summer Lee Announces Record Small-Donor Fundraising Amid AIPAC Opposition | TOME

AIPAC, which tried to recruit challengers to the Squad member, dropped $5 million on her last race.

The post Facing AIPAC Onslaught, Rep. Summer Lee Announces Record Small-Donor Fundraising Haul appeared first on The Intercept.

Business

Positive performance in GCC equity markets driven by Saudi Arabia and the UAE

RIYADH: After a steep decline in May, Gulf Cooperation Council countries saw an optimistic bounce back in equity market index performances in June with the UAE and Saudi Arabia as top performers.  According to a Kamco Invest report, the UAE’s Dubai Financial Market was the best-performing market in the GCC in terms of index closings with a monthly increase of 6 percent, followed by Saudi Arabia’s Tadawul All Share Index with a rise of 4 percent.   Kuwait’s market came in third with a 3.4 percent month-on-month increase, followed by Oman’s, with a 3.1 percent incline.
Business

Crude Oil Slides as UK Rate Hike Sparks Demand Concerns

RIYADH: Oil prices fell for a second straight session and were headed for a weekly decline of more than 3 percent on Friday, as a higher-than-expected interest rate hike in Britain and warnings about looming rate rises in the US ignited concerns over demand, according to Reuters. Brent futures slipped 51 cents, or 0.4 percent, to $73.76 a barrel, while US West Texas Intermediate crude futures were down 42 cents, or 0.6 percent, at $69.09 at 3:40 a.m. Saudi time. 
Business

Saudi main index ends week in red before Eid holidays

RIYADH: Saudi Arabia’s Tadawul All Share Index ended its trading on Thursday in the red, as it shed 7.19 points, or 0.06 percent, to close at 11,458.98.   The exchange will remain closed from June 23 as a part of the Eid Al-Adha holidays and trading will resume on July 2.   The total trading turnover of the benchmark index was SR6.33 billion ($1.69 billion) as 95 stocks advanced, while 124 retracted.   While the parallel market Nomu dropped by 1,118.48 points to close at 26,147.86, the MSCI Tadawul Index dipped slightly to end the day at 1,510.25.  
sport

Tiafoe’s Grass Winning Streak Halted by Korda at Queen’s Club (Google-friendly)

LONDON: Frances Tiafoe’s winning run on grass was ended by Sebastian Korda in an all-American second-round match at the Queen’s Club Championships on Wednesday. Korda won 7-6 (2), 6-3 to end the fourth-seeded Tiafoe’s bid to follow up his title in Stuttgart last week with another grass-court trophy ahead of Wimbledon. Tiafoe arrived in west London in a career-high spot of No. 10 but was beaten by a compatriot 22 places lower in the rankings, with Korda’s big serve coming to the fore on Center Court.
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