The recent decision by the UAE Attorney-General to refer a network of 13 individuals and six companies to the State Security Court is a defining moment for the nation’s judiciary. It represents a sophisticated shift in how the state addresses threats that blend white-collar crime with regional instability. In my view, this isn't just a local prosecution; it is a clear signal to the global community that the UAE’s legal architecture is both robust and unyielding. The significance of State Security Court referrals When a case is elevated to the Abu Dhabi Federal Court of Appeal, it underscores the gravity of the charges. This move confirms that the UAE views the illicit transit of military materiel not merely as a regulatory breach, but as a direct challenge to national and regional safety. Institutional handling of national security cases The transparency shown in the investigation-detailing the specific roles of individuals like Rashed Omar and the involvement of the Port Sudan Aut...
The KSE-100 Index has delivered jaw-dropping returns, surging over 425% since 2021 when it stood around 44,000 points closing at 172,170 on February 19, 2026 after a recent 3.74% dip. Market capitalization ballooned from PKR 6.5 trillion in June 2020 to PKR 19.69 trillion (USD 70.25 billion) by December 2025, with free-float at roughly USD 53 billion. Yet renowned chartered accountant Syed Shabbar Zaidi raises sharp questions in his latest analysis: does this rally truly mirror Pakistan’s economic health, or is it largely driven by speculation, high bank profits from government borrowings, and oil & gas gains tied to rupee depreciation and dollar indexation? The full opinion piece is available on Business Recorder . Zaidi highlights stark realities Pakistan’s market cap-to-GDP ratio sits at just 17% (with 2025 GDP around USD 407 411 billion), compared to India’s 130% (market cap over USD 5 trillion) and the USA’s 100%. Listed companies have barely grown (535 today vs 659 in 2005...