标签: North America

北美洲

  • Dubai Court cancels Dh150-million fine in Abu Sabah case, upholds 5-year jail term

    Dubai Court cancels Dh150-million fine in Abu Sabah case, upholds 5-year jail term

    Dubai’s highest judicial authority has delivered a significant ruling in one of the emirate’s most substantial money laundering investigations, partially modifying the financial penalties while maintaining core criminal sanctions against convicted individuals.

    The Court of Cassation has annulled a previously imposed Dh150 million (approximately $40.8 million) joint fine against Indian businessman Balvinder Singh Sahni, widely known as Abu Sabah. The judicial body substituted the monetary penalty with comprehensive confiscation of all funds connected to the criminal enterprise. This decision represents a notable adjustment to the financial consequences of the case while preserving the fundamental punitive measures.

    The court simultaneously affirmed multiple other components of the verdict, including Sahni’s five-year incarceration period, an individual Dh500,000 fine, seizure of illegally obtained assets, and subsequent deportation following sentence completion. The ruling also maintained convictions and penalties for additional defendants implicated in the sophisticated operation that utilized Bitcoin and advanced digital methodologies to conceal criminal proceeds.

    Court documentation reveals the operation involved a meticulously organized criminal network coordinating activities both within and beyond UAE borders in association with European organized crime syndicates. The organization employed an elaborate framework of shell companies, suspicious financial transactions, and digital wallet technologies to transfer illicit funds internationally.

    Forensic investigation established that the network laundered approximately Dh180 million through cryptocurrency platforms and informal banking channels. One female accomplice was found to have acquired luxury properties and vehicles valued at Dh7.4 million utilizing these illegally obtained funds.

    The original prosecution encompassed thirty-three defendants, with proceedings commencing in January 2024 following a Dubai Police investigation initiated the previous month. While several defendants raised procedural objections regarding arrest protocols and translation services, appellate courts consistently dismissed these challenges, affirming that substantial evidence demonstrated organized money laundering activities rather than mere unlicensed cryptocurrency trading.

    Sahni, a 53-year-old property management executive with international business operations, previously gained public notoriety for his extravagant lifestyle, most notably purchasing the distinctive vehicle registration number “5” for Dh33 million at a 2016 auction.

  • Trump media firm to issue new cryptocurrency to shareholders

    Trump media firm to issue new cryptocurrency to shareholders

    Trump Media and Technology Group (TMTG), the parent company of former President Donald Trump’s Truth Social platform, has announced the creation of a novel cryptocurrency exclusively for its shareholders. This strategic move represents the Trump family’s expanding footprint in the digital asset landscape, an industry that has already yielded substantial financial returns while simultaneously drawing scrutiny over potential conflicts of interest.

    The newly unveiled token will be distributed on a one-to-one basis relative to share ownership. Current CEO Devin Nunes, who also chairs the White House Intelligence Advisory Board, hailed the initiative as a groundbreaking effort to reward investors and champion market transparency. The distribution will be facilitated through a partnership with the Crypto.com exchange, with the token operating on the Cronos blockchain.

    This foray into crypto coincides with a notable regulatory shift from the Trump administration. Since returning to the White House, President Trump has championed policies favorable to the cryptocurrency sector. His administration signed the nation’s first major crypto legislation, dropped several enforcement cases against crypto businesses, and advocated for allowing retirement savings to be invested in digital assets. This stands in stark contrast to Trump’s previous characterization of cryptocurrency as a scam.

    Despite a supportive regulatory environment, the crypto market has faced headwinds. Bitcoin is on track for an annual loss after retreating from its October peaks. Similarly, TMTG’s stock has plummeted over 60% this year, and a separate ‘TRUMP’ meme-coin launched around the January inauguration has lost more than 90% of its value. The company has indicated that token holders may receive various perks, including discounts on TMTG products, with distribution expected in the near future.

  • Shilpa Rao talks timeless songs, finding new sides of herself through music

    Shilpa Rao talks timeless songs, finding new sides of herself through music

    In an exclusive interview with Khaleej Times, acclaimed vocalist Shilpa Rao offers profound insights into her remarkable musical journey spanning nearly twenty years. The singer, recently honored with both Grammy recognition and a National Award, discusses the artistic evolution that has defined her career.

    Rao attributes her sustained relevance to continuous collaboration with brilliant musicians, writers, and directors, emphasizing that each project has revealed new dimensions of her artistic identity. Her approach centers on perpetual learning—whether mastering new techniques or developing patience and fresh perspectives on creative expression.

    The breakthrough year of 2025 marked significant professional milestones for the singer, who remains humbled by the accolades. She dedicates these achievements to her enduring support system: family, friends, and particularly fans who have embraced her genre-spanning explorations.

    When examining the enduring appeal of signature pieces like ‘Khuda Jaane,’ ‘Tose Naina,’ and the recent viral sensation ‘Ghafoor,’ Rao highlights the collaborative alchemy required for timeless music. She explains that visionary direction, lyrical-composer synergy, and interpretive vocal delivery must harmonize perfectly—a collective effort rather than individual accomplishment.

    The artist describes her relationship with her voice as an evolving dynamic, emphasizing the importance of continual experimentation and self-surprise. Her recording experience with ‘Ghafoor’ unexpectedly revealed previously unknown playful dimensions of her artistic persona.

    Addressing her special connection with Dubai audiences, Rao expresses heartfelt appreciation for the city’s consistent support since her first visits around 2010-2011. She cherishes the warmth shown by fans, radio jockeys, and event organizers alike.

    Currently, Rao defines success not through individual achievement but as the collective experience created with her team for audiences. She maintains an open, unplanned approach to future projects, valuing creative spontaneity with collaborators. The singer concludes with deep gratitude to global listeners whose support has shaped her career, expressing hope for shared musical moments in the coming year.

  • Crystals and LEDs: a look at the Times Square New Year’s Eve ball

    Crystals and LEDs: a look at the Times Square New Year’s Eve ball

    New York City’s iconic New Year’s Eve celebration is set to receive a spectacular upgrade with the unveiling of the ‘Constellation Ball,’ scheduled to make its debut descent in Times Square to mark the arrival of 2026. This revolutionary design represents a significant evolution from its predecessors, masterfully blending traditional crystalline elegance with cutting-edge LED technology.

    The spherical structure, which serves as the visual centerpiece of the global celebration, incorporates a sophisticated arrangement of crystal panels. These are meticulously engineered to interact with an advanced internal lattice of multicolored LED lights, creating an unprecedented prismatic effect. The innovative illumination system is capable of generating millions of color combinations and dynamic patterns, transforming the ball into a mesmerizing celestial body that appears to dance across the night sky.

    This technological marvel continues the rich tradition that began in 1907, symbolizing both continuity and progress. The integration of sustainable, energy-efficient lighting systems reflects a commitment to environmental responsibility while maintaining the dazzling visual spectacle expected by the millions of spectators who witness the event both in person and through global broadcasts. The Constellation Ball stands as a testament to how tradition and innovation can coalesce to create new forms of public celebration and artistic expression.

  • Snap bans on candy, soda to start in five US states

    Snap bans on candy, soda to start in five US states

    A significant policy shift affecting millions of low-income Americans begins January 1st, 2026, as multiple U.S. states implement new restrictions on what can be purchased with government food assistance benefits. West Virginia, Utah, Indiana, Iowa, and Nebraska are leading this initiative that prohibits the purchase of sugar-sweetened beverages and candy through the Supplemental Nutrition Assistance Program (SNAP).

    The movement, championed by Health Secretary Robert F. Kennedy Jr. and Agriculture Secretary Brooke Rollins, represents a fundamental rethinking of how taxpayer-funded nutrition programs operate. “For years, SNAP has used taxpayer dollars to fund soda and candy – products that fuel America’s diabetes and chronic disease epidemics,” Kennedy stated, highlighting the public health rationale behind the restrictions.

    While SNAP historically allowed beneficiaries to purchase most grocery items except hot foods, tobacco, alcoholic beverages, and supplements, the new regulations create substantially tighter constraints. The implementation varies by state: West Virginia and Utah will ban sodas; Nebraska will prohibit both sodas and energy drinks; Indiana will restrict sodas and candy; while Iowa adopts the most comprehensive approach by banning soda, candy, and other pre-packaged foods subject to state sales tax, including chocolate-coated nuts and sweet popcorn.

    This initial wave of restrictions marks just the beginning of a broader national trend. Eighteen states have submitted waiver requests to implement similar limitations, with Florida and Texas scheduled to begin restrictions in April, South Carolina in August, and Missouri in October.

    The policy changes impact approximately 42 million Americans—roughly 12% of the population—who rely on SNAP benefits for nutritional support. Critics argue that these restrictions will create operational challenges for both retailers and recipients. Crystal FitzSimons, president of the Food Research & Action Center, warned that “SNAP restrictions will create more harm, confusion, and chaos for program participants who are still reeling from the government shutdown that unnecessarily delayed the delivery of benefits.”

    The debate continues as public health objectives confront practical implementation concerns, potentially reshaping food assistance programs across the United States throughout 2026.

  • Abu Dhabi announces free parking and toll fees for New Year holiday

    Abu Dhabi announces free parking and toll fees for New Year holiday

    In a move to facilitate seamless New Year celebrations, Abu Dhabi authorities have declared complimentary access to all public parking facilities and toll roads on January 1st, 2026. The initiative suspends charges for both the Mawaqif parking system and Darb toll gates throughout the holiday, with regular payment requirements resuming on January 2nd.

    This transportation benefit forms part of Abu Dhabi’s broader strategy to enhance urban mobility during festive periods, allowing residents and visitors to navigate the city without financial constraints. The emirate has simultaneously announced operational adjustments for government service centers. All customer happiness centers alongside vehicle licensing facilities in Abu Dhabi and Al Ain will remain closed on New Year’s Day, resuming standard operations on January 2nd.

    For continuous access to government services, authorities recommend utilizing digital platforms including the Q Mobility application, the Darb app, and the Tamm portal. Alternatively, assistance remains available through the government support hotline at 800 3009.

    During normal operations, the Mawaqif parking system enforces a tiered pricing structure. Premium zones (white and turquoise) charge Dh3 hourly with a four-hour maximum stay between 8:00 AM and midnight. Standard zones (black and turquoise) maintain rates of Dh2 per hour or Dh15 for daily parking, permitting stays up to 24 hours within the same operational timeframe.

    With anticipated increased vehicular movement during celebrations, transportation officials emphasize adherence to traffic regulations and advise strategic journey planning. The announcement coincides with the federal declaration of January 1st as an official public holiday, followed by remote working arrangements for public sector employees on January 2nd.

  • Trump vetoes first bills of his second term

    Trump vetoes first bills of his second term

    In a significant political maneuver, former President Donald Trump has executed his first legislative vetoes since reassuming office nearly one year ago, creating a potential constitutional confrontation with Congress. The two rejected bills had previously garnered substantial bipartisan support in both chambers, indicating possible veto-override votes when lawmakers reconvene.

    The first veto targeted the Colorado Water Infrastructure Act, sponsored by Republican Representative Lauren Boebert. This legislation sought to reduce financial burdens on Colorado communities funding a critical water pipeline project. Despite Boebert’s general alignment with Trump’s agenda, the former president declared the measure “economically unviable” in his official communication to Congress. “Enough is enough,” Trump stated. “My Administration is committed to preventing American taxpayers from funding expensive and unreliable policies.”

    The second veto struck down the Miccosukee Reserved Area Act, which would have authorized federal assistance for flood mitigation infrastructure benefiting a Native American tribe in Florida. The Trump administration justified this rejection by citing alleged “unauthorized” development activities by the tribe and accusing them of obstructing immigration policies.

    Boebert, who recently diverged from Trump by advocating for the release of Epstein-related documents, responded defiantly on social media: “This isn’t over.” She further expressed concern that the veto might represent “political retaliation” for her independent stance.

    The Colorado situation intersects with another contentious issue: the imprisonment of Tina Peters, a former county clerk convicted of election security offenses who promoted false claims about the 2020 election. Trump recently pardoned Peters of federal charges and has demanded that Colorado’s Democratic Governor Jared Polis release her from state custody, escalating tensions with Colorado’s leadership.

    The Miccosukee tribe had previously sued the Trump administration to halt construction of an immigration detention facility nicknamed “Alligator Alcatraz” in the Florida Everglades, arguing both environmental concerns and unique cultural impacts. The White House’s veto message explicitly connected the flooding bill rejection to this legal opposition.

    These vetoes represent Trump’s first use of this executive power since returning to office and set the stage for potential veto override votes in the new congressional session.

  • Dubai: Gold prices drop further on last day of 2025 after record-breaking year

    Dubai: Gold prices drop further on last day of 2025 after record-breaking year

    Dubai’s gold market concluded a historic year with a downward adjustment on Wednesday, December 31, 2025, as prices declined across all variants during the final trading session. The 24K gold price opened at Dh522 per gram, reflecting a decrease of Dh3 from Tuesday’s closing rate of Dh525 per gram.

    According to data released by the Dubai Jewellery Group, other gold variants followed similar downward trajectories. The 22K variant settled at Dh483.25 per gram, while 21K gold traded at Dh463.5 per gram. The 18K and 14K categories declined to Dh397.25 and Dh309.75 per gram respectively.

    In international markets, spot gold was trading at $4,332.47 per ounce at 9:30 AM UAE time, representing a 0.88 percent decrease. This movement continues the correction that began earlier in the week, with gold having experienced a significant five percent single-day drop on December 29.

    Market analysts attribute this correction to several converging factors. Ahmad Assiri, Research Strategist at Pepperstone, identified aggressive profit-taking activities and the unwinding of leveraged positions as primary drivers behind the precious metal’s recent volatility. “The speed of the correction, as much as its magnitude, was the key element behind the intensity of the market reaction,” Assiri noted.

    Seasonal market conditions have amplified these price movements. Year-end trading typically features thinner liquidity, making prices more susceptible to fluctuations from relatively modest positioning adjustments. Despite the recent pullback, market observers note that gold has demonstrated notable resilience around the $4,350 level, which corresponds with the upper boundary of its previous trading channel.

    Assiri suggested that the current correction might present strategic opportunities rather than signaling a fundamental trend reversal: “As volatility subsides and liquidation pressures ease, this pullback could ultimately prove to be a renewed opportunity rather than a trend reversal in gold.”

    The year 2025 has been exceptionally strong for gold investors in Dubai, with residents having gained approximately Dh200 per gram throughout the year prior to this final week’s adjustment.

  • 2025 is nearly over: Meet UAE residents who ‘hacked’ their New Year resolutions

    2025 is nearly over: Meet UAE residents who ‘hacked’ their New Year resolutions

    As 2025 concludes, a distinctive cohort of UAE residents has demonstrated remarkable success in maintaining their New Year’s resolutions through innovative psychological approaches and behavioral adaptations. Contrary to conventional resolution patterns that typically fade by February, these individuals have implemented sustainable methodologies that transformed their annual commitments into lasting lifestyle changes.

    Dubai-based comedian and rapper Amy Roko pioneered an unconventional technique by employing microhabits and narrative romanticization. Rather than establishing overwhelming objectives, she formulated minimal daily targets—such as merely touching the gym door—which frequently evolved into complete workout sessions. Her psychological strategy involved framing ordinary activities within dramatic contexts, imagining herself as a K-drama character during routine tasks like hydration.

    The resolution fulfillment methodology extended beyond physical fitness. Marketing executive Alifa Barnes adopted an intentionality-based framework, consistently evaluating whether her actions represented conscious choices or automatic reactions. This mindfulness practice enabled more deliberate decision-making while eliminating counterproductive guilt associated with temporary setbacks.

    Content creator Aastha Kurup developed a quarterly evaluation system instead of annual pressure, allowing for adaptable goal management across multiple domains including career development, education, and creative pursuits. This approach prevented the common psychological trap of abandoning yearly objectives after minor deviations.

    Behavioral psychologist Dr. Katherine Iscoe provided academic perspective, criticizing traditional resolutions as “apologies for perceived inadequacies” rather than genuine self-improvement mechanisms. She emphasized that sustainable transformation originates from self-respect and value alignment rather than external validation seeking.

    These successful cases illustrate a paradigm shift in personal development methodology, emphasizing psychological flexibility, micro-achievements, and value congruence over rigid, outcome-focused resolution structures that historically demonstrated high failure rates.

  • UAE experts reveal which investments paid off in 2025, why they may win next year too

    UAE experts reveal which investments paid off in 2025, why they may win next year too

    The investment landscape of 2025 demonstrated a decisive shift toward stability and tangible value, with analysts identifying clear patterns in what delivered superior returns. According to financial experts across the United Arab Emirates, investors consistently favored cash-generating, real-economy assets capable of weathering geopolitical tensions, inflationary pressures, and fluctuating interest rates.

    Gold emerged as the standout performer, earning the title ‘asset of the year’ due to its hedging capabilities against global uncertainty and substantial central bank acquisitions. Waleed Dhaduk, Chief Executive of Gutmann Capital, noted that the most successful investments combined defensiveness, predictable cash flows, and exposure to structural growth themes. Beyond precious metals, Dubai’s commercial real estate market, downstream industrials, and selective emerging-market exposures delivered robust returns. Even cash holdings proved surprisingly lucrative, benefiting from elevated EIBOR rates that rewarded conservative portfolio strategies.

    Remco Coerman, Founder and CEO of Epic Edges Group, observed that 2025 ‘rewarded utility over fashion,’ with energy infrastructure, agricultural production, defense industries, and physical assets like land and logistics in emerging markets significantly outperforming. This trend reflected a fundamental shift in investor psychology from ‘what can grow fastest’ to ‘what functions when systems falter,’ driving capital toward recession-resistant projects.

    Technology sectors, particularly artificial intelligence companies and Asian semiconductor firms, delivered genuine earnings growth backed by global demand. Defense-related businesses experienced renewed interest as government spending priorities evolved. Cryptocurrencies maintained their position as strong multi-year performers despite characteristic volatility, with growing institutional participation expanding their role in diversified portfolios.

    Tajinder Virk, Co-Founder and CEO of Finvasia Group, identified three structural forces driving 2025 outperformance: geopolitical hedging boosting precious metals, theme concentration in equity markets focused on AI and infrastructure, and structural demand in the UAE fueled by population growth, business relocations, and capital formation.

    Looking toward 2026, experts anticipate continued emphasis on quality and diversification rather than speculative optimism. Markets will premium businesses supported by durable cash flows and realistic valuations. Disciplined allocations favoring Grade A Dubai office space, investment-grade credit/sukuk, high-quality global equities, and gold are expected to outperform. Themes of food security, energy infrastructure, and strategic commodities will intensify as investors prioritize assets independent of cheap money policies.

    For UAE-based investors, the consensus emphasizes balancing strong local fundamentals with global exposure across precious metals, credit markets, emerging economies, and regulated digital assets. Those considering cryptocurrency exposure should focus on infrastructure-led themes like tokenization and compliant platforms aligned with UAE regulations.

    The definitive lesson from 2025 remains clear: disciplined allocation and risk management outweigh chasing previous winners. As 2026 approaches, the assets that maintain their value during challenging conditions will likely continue their dominance.