The architectural marvel in Beverly Hills, nicknamed the “salad spinner” due to its circular structure, sits on a half-acre lot on Loma Linda Drive, according to Mansion Global.
The 7,500-square-foot residence features six bedrooms, a seven-car garage, and an infinity-edge pool with panoramic views of Los Angeles.
Photo: Redfin
Designed by modernist, futuristic architect Ed Niles for developer Raffi Cohen in 2009, the home’s unique design centres around a raised circular glass section that houses the main living areas.
Niles explained that this distinctive feature was intentionally designed to bring families together.
The property’s distinctive layout includes a main glass ring surrounding an inner courtyard, with a transparent circular extension housing the primary suite and a connected cube serving as guest quarters.
Photo: Redfin
The current owners purchased the property in 2014 for US$10.5 million and have primarily used it as a rental property, commanding monthly rates between US$50,000 and US$85,000.
This rental history has included some notable tenants, including pop star Justin Bieber, who moved there after leaving his Calabasas home following a dispute with a neighbour.
The home gained notoriety as a party venue during this period.
Photo: Redfin
Rapper Meek Mill reportedly hosted a large gathering there after the Grammy Awards in 2015, which resulted in legal action.
According to court documents, the lawsuit claimed that nearly 1,000 people allegedly trespassed on the property during the event.
The property was initially listed in May of last year for nearly US$35 million before being temporarily removed from the market in January.
Photo: Redfin
It returned to the market in February at roughly the same price point before the recent reduction to US$31.99 million.
Located at the end of a cul-de-sac in Beverly Hills, the property features a ribbed metal facade that separates it from neighbouring properties, providing maximum privacy despite its glass construction.
If you’ve been watching HBO MAX‘s And Just Like That…, you’ll know that the sex and nudity this season have not been all that sexy so far. Whether it’s Carrie (Sarah Jessica Parker) grimacing through phone sex or Miranda (Cynthia Nixon) coming face-to-face with her naked knife-wielding neighbor, AJLT has not been really serving up the orgasmic sex, romantic moments, or hot bods that made the original Sex and the City scintillating Sunday night appointment viewing.
**Spoilers for And Just Like That… Season 3 Episode 8 “Happily Ever After,” now streaming on HBO MAX**
So when this week featured Seema (Sarita Choudhury) and new flame Adam (Logan Marshall-Green) having kinky fun sex, LTW (Nicole Ari Parker) finding herself hot and bothered by editor Marion (Mehcad Brooks), and even Carrie waking up disheveled in Aidan’s (John Corbett) arms, it felt like a welcome reprieve from the unsexy sex of the rest of the season.
And Just Like That… Season 3 Episode 8 “Happily Ever After” finally remembers sex can be thrilling, messy, and intoxicating.
I think it’s safe to say that ever since gardener Adam Karma — yes, we learn that’s his legal last name this week — joined And Just Like That…, we’ve been waiting for him to get down with one of our girls. He soon fell fast and hard for the sultry Seema, flirting with her for weeks before serenading her with “Bette Davis Eyes” in And Just Like That… Season 3 Episode 7. This week, we rejoin the couple as they are in the literal throes of ecstasy. The sex is so good that Seema finds herself in joyful hysterics after she comes, while Adam remained consumed with desire for her whole body, armpits and all.
Photos: HBO MAX
Seema and Adam’s hookup evoked some of the best types of classic Sex and the City sex scenes. There were embarrassing human elements, like the giggling and armpit snogging, but it was all in service of passion. Passion is what And Just Like That... Season 3 has been missing and passion is what’s on display this week.
While Adam and Seema are exploring a new relationship, Lisa is struck by her first real temptation as an otherwise happily married woman. She confesses to Charlotte (Kristin Davis) early in the episode that she’s got the hots for her handsome editor Marion. Charlotte assures LTW that playful flirting and even sex dreams aren’t cheating. However, it’s clear that Lisa is obsessing over Marion in a way that could be trouble. She attempts to parlay her newfound horniness onto her husband Herbert (Christopher Jackson) to no avail and later has to run away from a film screening when Marion’s thigh presses into hers.
Will LTW cheat on Herbert with Marion? That remains to be seen. What I think is more important is that And Just Like That… is remembering that its cast of gorgeous middle-aged heroines are still alive. They can and should get horny. They should have orgasms. They should have great sex.
After weeks of faked orgasms, missed connections, and chaste kisses, And Just Like That… finally got its proverbial groove back this week. Lets hope the weeks ahead keep it going.
Tsutomu Nishiwaki raises the shutters of his store, the rattle marking the start of a new day at a shopping arcade in Tokyo. He wheels a display case into the foreground and stands behind the counter, framed by a sign proclaiming that this is a family-run noodle store.
It is a ritual Nishiwaki has been performing almost daily for 60 years. But like the fresh noodles its owner makes every morning, the store has a limited shelf life: in a few years from now, the 80-year-old will pull down the shutters for the last time.
Dozens of shops, restaurants and bars lining the streets of Tateishi Nakamise, a covered shopping arcade – or shotengai – in the capital’s eastern suburbs will make way for a new development. It will transform the skyline, but also change beyond recognition an entire community whose roots lie in the destruction caused by the second world war.
Across Tokyo and other Japanese cities, shotengai that sprung up during the Showa era [1926-1989] are in a losing battle against property developers, depopulation and a consumer culture that demands convenience.
On one side of the local railway station, a tall screen partially hides cranes preparing the ground for apartment blocks, shops and a multi-storey local government office. On the other, families that have run shops, bars and restaurants for two or three generations are bracing for the inevitable arrival of the wrecking balls.
Ads for noodles at Tsutomu Nishiwaki’s shop in Tateishi Nakamise shopping arcade, Tokyo. Photograph: Justin McCurry/The Guardian
“It is a shame that the shotengai will disappear,” says Nishiwaki, who is also head of a local association of business owners. “Half of me is hopeful about the future, but the other half regrets what is happening to the neighbourhood. I think people around here just want to get it over and done with.”
They include Koichi Ozaki, whose family run an izakaya pub they accept will probably not survive the redevelopment. The threats of powerful earthquakes, fires and, in this part of eastern Tokyo, catastrophic flooding have convinced him that the destruction of the arcade’s dilapidated buildings is inevitable.
“In any case, people don’t shop in the same way any more,” Ozaki says. “We live in the age of the supermarket, and family-run stores are on their way out.”
The Tateishi redevelopment has divided locals, about two-thirds of whom see it as an opportunity to sell up and acquire a nest egg to see them through their twilight years. The rest say they will reopen elsewhere.
More parts of eastern Tokyo, known as shitamachi, literally “lower city”, are being disassembled and rebuilt in the image of the affluent Yamanote neighbourhoods on the city’s west side. Tateishi Nakamise was originally a black market set up after the US’s wartime bombing of eastern Tokyo that, on a single night in March 1945 killed an estimated 100,000 people.
Before long, about 50 stores lined narrow streets packed with shoppers during the boom years of the 1960s and 1970s. “There were no supermarkets or convenience stores back then,” says Nishiwaki, who recalls a time when his father’s shop was one of about 20 noodle makers in the area.
A store in Tateishi Nakamise shopping arcade in eastern Tokyo. Photograph: Justin McCurry/The Guardian
“But there will be no third-generation owner,” he says of his shop, the last noodle seller still standing. “Supermarkets are cheaper and more convenient. Nakamise’s shops will disappear, and the local atmosphere along with it.”
Some shotengai have managed to market nostalgia, spurred by record numbers of foreign tourists keen to experience a less varnished side of Japanese urban life. Janjan Yokocho, a covered mall in Osaka, has capitalised on its Showa-era origins with retro game arcades, old-fashioned confectionery stores and parlour for shogi, a two-player game similar to chess.
Last year, businesses in Asakusa Kokusai Street declared their 3km shotengai, located near a Tokyo tourist hotspot, as the longest in Japan, claiming the title from the Tenjinbashisuji arcade in Osaka.
But success stories are rare: restaurant and shop owners in Tateishi Nakamise are not alone in wondering what the surge in new commercial developments will mean for their communities.
Earlier this year small business owners in a northern Tokyo neighbourhood demonstrated against the construction of a main road and high-rise buildings along Happy Road Oyama, a 560m shopping arcade built in the late 1970s.
Apartment buildings and condominiums are spreading through other Tokyo neighbourhoods, as developers capitalise on rising real estate prices and show little inclination to preserve their traditional atmosphere.
“The cult of convenience and fast service is unstoppable in a society that increasingly values ‘quality time’ and efficiency,” says Stephen Mansfield, author of Tokyo: A Biography. “Under the banner of promoting and energising older districts, areas that should have enduring historical appeal are being levelled or recreated in ersatz versions of their original.
Construction work near Tateishi Nakamise shopping arcade in eastern Tokyo. Photograph: Justin McCurry/The Guardian
Mansfield says he has been frequently left “heartbroken” when he revisits “historic, aesthetically pleasing and architecturally accomplished buildings in Tokyo and around Japan to find they have been eviscerated in the misguided name of progress”.
He adds: “The demolition of shopping malls mirrors the pulling down of old wooden homes, the shopping streets replaced with modern commercial complexes, homes with high-rise mansion blocks.”
At Tateishi, Osamu Tsuizaki is preparing for the lunchtime trade at the Chinese restaurant he has run for 42 years. “I feel uneasy about the future as I don’t know how it will affect my livelihood when the restaurant is gone,” he says.
“I’m 70, so even if I start again, I’ll be pretty old. A lot of people around here feel the same way. And we still don’t know exactly how much compensation we’ll get from the developers.”
Osamu Tsuizaki outside his Chinese restaurant in Tateishi Nakamise, Tokyo. Photograph: Justin McCurry/The Guardian
Ready-to-eat dishes and pickles are still in demand at the corner delicatessen Kotaro Nagatani’s father opened in 1946 after returning from the battlefields of the Pacific war.
From its green-and-white awning, analogue scales and a hanging basket for loose change, Suzuya Shokuhin belongs to a time when housewives would stop and chat as they looked over the store’s produce.
“People didn’t have fridges at home, so they only bought what they needed and then came back and did the same again the following day,” says Nagatani, 84. “That’s how we prospered.”
His wife, Michiko, confides that her husband is more anxious about the demise of his family business than he is willing to let on. “His father opened the store, so he really wants to carry on,” she says. “I’ll also be sad when it goes. Our customers have been coming for decades, not just to shop but to chat. You can’t do that in a supermarket.”
In the nation’s capital, surrounded by a rich history, the USA Women’s Eagles are ready to write the next chapter.
USA Rugby proudly announced the official Women’s Rugby World Cup 2025 squad as a highlight of the celebration of USA Rugby’s 50th Anniversary in Washington D.C. streamed live to fans across the country and is now available for replay on the official USA Rugby YouTube channel.
The announcement marks an epic moment for women’s rugby in the United States, as the Eagles prepare to compete on women’s rugby’s biggest ever stage with over 330,000 tickets already sold – more than double the previous Women’s Rugby World Cup total. And with live streaming of the USA Women’s matches on CBS and Paramount+, the squad is ready to inspire future generations of rugby players waiting for their call up.
Captaining the Squad for the second time in her third Rugby World Cup, Kate Zackary commented, “This Rugby World Cup isn’t just about us — it’s about showing the next generation what’s possible. We want kids across the U.S. to see this team and think, ‘That could be me.’ Rugby in America is growing, and we’re here to kick that door wide open.
“This squad is driven and ready to rewrite our story. We have the opportunity to play the sport we love at the highest level — and we don’t take that for granted – and are relentless in it’s pursuits. We’re here to elevate each other and push beyond every limit, together.”
These players will not only represent the USA but serve as testament to the growing level of rugby talent having been drawn from a highly competitive and tight selection pool. Building on their quarterfinal 7th place finish in Rugby World Cup 2021, the team is committed to showing their impact.
The squad announcement was made by legendary USA Eagle Jamie Burke, who until recently held the record as the highest-capped Women’s Eagle. That record was recently broken by current squad member Hope Rogers, who now boasts an incredible 54 caps as she prepares to represent the USA in her fourth Rugby World Cup.
Head Coach, Sione Fukofuka commented, “We have a squad full of strong, powerful women who have stories of sacrifice and commitment to the game of rugby. We are excited to turn all of those individual stories into team success. We will celebrate Hope Rogers in her fourth Rugby World Cup who joins an esteemed number of players to play in four tournaments. It is a testament to her work ethic and commitment to being the best Loose head in the world, that she has managed to not only play in four Rugby World Cups, but also to stand out for the Eagles across the past 12 years.
“This USA Women’s Eagles squad is a combination of players with multiple Rugby World Cup’s experience and exciting players about to play in their first World Cup. We have a strong emphasis on our work rate, physicality and the ability to compete in all aspects of the game, and we have deep belief in our potential as a team.
“As a team, we are excited about the possibility of playing to our potential and unlocking the style of rugby that we feel we are able to play. We want to change the game in the US, which includes putting on performances that highlight the strengths of the US and allow our players to go out there and express themselves by being direct, creating opportunities and converting these into points.
“The Rugby World Cup is a platform that we hope will help put rugby at the forefront of the Women’s Sporting landscape in the US. In the lead up to the 2033 World Cup in the US, we want young girls watching the game changers on the field in the US jersey and get excited to one day be what they can see.”
The squad will tackle their first challenge together, this Saturday July 19th, taking on Fiji as part of a Double Header with the USA Men’s Eagles taking on the hosts of their future venue, England. The Women’s Eagles match will broadcast on CBS and stream live on Paramount+.
The team will then travel to Canada for one final preparatory match on August 1 before their departure for an acclimatization camp before kicking off the Rugby World Cup proceedings.
The USA Women’s Eagles will kick off their Rugby World Cup campaign with a highly anticipated clash against host nation England in the tournament’s opening match. They will then face Australia and Samoa in Pool A in their campaign to secure a place in the Semifinals.
USA Rugby fans can follow the Eagles’ journey on social media and tune into the Women’s Rugby World Cup 2025 starting on August 22 aired live on Paramount+.
USA Women’s Eagles RWC 2025 Roster
First Name
Position
Club
RWC
Hope Rogers
Prop
Exeter Chiefs
4th Rugby World Cup
Maya Learned
Prop
Denver Onyx
2nd Rugby World Cup
Charli Jacoby
Prop
Exeter Chiefs / Queensland Reds
2nd Rugby World Cup
Keia Mae Sagapolu
Prop
Leicester Tigers / ACT Brumbies
1st Rugby World Cup
Catie Benson
Prop
Sale Sharks / Boston Banshees
3rd Rugby World Cup
Alivia Leatherman
Prop
Trailfinders / Twin Cities Gemini
1st Rugby World Cup
Kathryn Treder
Hooker
Loughborough Lightning / Bay Area Breakers
2nd Rugby World Cup
Paige Stathopoulos
Hooker
Ealing Trailfinders / Boston Banshees
1st Rugby World Cup
Hope Cooper
Hooker
Bay Area Breakers
1st Rugby World Cup
Hallie Taufoou
Lock
Loughborough Lightning / Denver Onyx
2nd Rugby World Cup
Erica Jarrell – Searcy
Lock
Sale Sharks
2nd Rugby World Cup
Rachel Ehrecke
Lock
Denver Onyx
1st Rugby World Cup
Emerson Allen
Lock
Twin Cities Gemini
1st Rugby World Cup
Tahlia Brody
Backrow
Leicester Tigers / Denver Onyx
1st Rugby World Cup
Rachel Johnson
Backrow
Exeter Chiefs / Denver Onyx
2nd Rugby World Cup
Freda Tafuna
Backrow
Lindenwood University
1st Rugby World Cup
Kate Zackary
Backrow
Ealing Trailfinders
3rd Rugby World Cup
Georgie Perris-Redding
Backrow
Sale Sharks
2nd Rugby World Cup
Olivia Ortiz
Scrumhalf
Sale Sharks
2nd Rugby World Cup
Cassidy Bargell
Scrumhalf
Boston Banshees
1st Rugby World Cup
McKenzie Hawkins
Flyhalf
Denver Onyx
2nd Rugby World Cup
Kristin Bitter
Flyhalf
Denver Onyx
1st Rugby World Cup
Alev Kelter
Center
Loughborough Lightning / Bay Area Breakers
3rd Rugby World Cup
Emily Henrich
Center
Leicester Tigers / Boston Banshees
1st Rugby World Cup
Ilona Maher
Center
Bristol Bears / USA Sevens
1st Rugby World Cup
Nana Fa’avesi
Center
Denver Onyx
1st Rugby World Cup
Gabby Cantorna
Center
Exeter Chiefs
2nd Rugby World Cup
Erica Coulibaly
Wing/Fullback
Denver Onyx
1st Rugby World Cup
Cheta Emba
Wing/Fullback
Boston Banshees
2nd Rugby World Cup
Bulou Mataitoga
Wing/Fullback
Loughborough Lightning / Bay Area Breakers
2nd Rugby World Cup
Sariah Ibarra
Wing/Fullback
USA Sevens
1st Rugby World Cup
Lotte Sharp
Wing/Fullback
Saracens
2nd Rugby World Cup
USA Women’s Eagles RWC 2025 Coaches & Staff
Head Coach, Attack + Backs | Sione Fukofuka
Assistant Coach, Defense | Sarah Chobot
Assistant Coach, Forwards + Attack | Mel Bosmam
Head of Athletic Performance | Charles Dudley
Assistant S&C | Ashley Morataya
Analyst | Callum Howells
Lead Physiotherapist | Alice Mae
Athletic Trainer | Sam Malette
Performance Psychologist | Scott Goldman
Team Manager | Alana Gattinger
Team Services | Aiyana Gilliard
General Manager, High Performance | Tamara Sheppard
Media Manager | Jenni Burke
USA Women’s Eagles RWC 2025 Match Schedule
USA v England
August 22 | 2:30 pm ET | Stadium of Light, Sunderland
Paramount+
USA v Australia
August 30 | 2:30 pm ET | York Community Stadium, York
Paramount+
USA v Samoa
September 6 | 8:30 am ET | York Community Stadium, York
Shinsuke Sakimoto, the CEO of luxury goods reseller Valuence Holdings Inc., revealed himself as the buyer of a Hermès Birkin bag auctioned last week in an interview with the Khaleej Times on Monday.
The handmade, all-black leather bag sold at Sotheby’s Paris for €8.6 million ($10 million) with fees. The original Birkin was commissioned in 1984 exclusively for—and in collaboration with—actress and fashion icon Jane Birkin by Jean-Louis Dumas, who was then the CEO of Hermès. It had previously sold at auction in Paris in 2000 and remained in a private French collection until last week.
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At the time of sale, Sotheby’s said only that the winning bidder was an anonymous Japanese buyer. But Sakimoto is anonymous no more, telling Khaleej Times that winning the bag was “a personal milestone” and a “defining moment for Valuence,” the company he founded in 2011.
Through Valuence and his previous company, Nanboya—a store that resold luxury goods—Sakimoto is a proponent of what he calls “circular luxury,” which he defines as a sustainable and ethical form of luxury that gives such items second lives. Valuence hosts its own auctions and sells fine art, vintage watches, and authenticated resale.
“This isn’t just about a record purchase; it’s about honoring the legacy of one of fashion’s most iconic pieces,” he said. “For me, it was about ensuring this masterpiece would be in the hands of a company that truly values its story, and will share that story with the world. We’re proud, humbled, and deeply excited about what’s ahead.”
Sakimoto said he sees the Birkin as the embodiment of Valuence’s mission, perhaps hinting that he now has something of his own to sell. He said that he plans to eventually show the bag in Japan.
Temu, a Chinese e-commerce platform, has come under the radar of the Competition Commission of Pakistan (CCP) over alleged misleading practices that are said to distort the local market.
Temu entered the Pakistani market a few months ago with an aggressive digital advertising campaign, flooding platforms with promotional content. These ads, which promoted heavy discounts and seemingly risk-free purchases, quickly attracted consumers while putting local sellers at a disadvantage due to the scale and pricing Temu offered.
A coalition of independent retailers and sellers, the Chainstore Association of Pakistan, submitted a grievance to the CCP, alleging that Temu’s practices are anti-competitive and harmful to both consumers and domestic businesses. “We write to alert the Competition Commission of Pakistan regarding growing anti-competitive market behaviour stemming from the influx of unregulated foreign e-commerce platforms such as Temu and Shein,” the statement said.
These platforms, which have no physical or legal presence in Pakistan, are operating freely via online portals, offering artificially underpriced and/or substandard products shipped under the De Minimis exemption, without paying any taxes or import duties. Meanwhile, local retailers, online sellers, and manufacturers are fully compliant with tax, customs, and regulatory obligations. This creates a distorted and unfair playing field, with serious economic consequences.
The association has pointed out the massive displacement of formal, tax-paying local businesses, along with the loss of consumer protection, quality control, and regulatory oversight.
Temu is currently encouraging pre-payments in foreign currency with no cash-on-delivery option, which the association claims is likely to undermine the country’s current account balance.
“We request the CCP to take action and initiate a formal investigation into the market practices of such foreign platforms operating without compliance.”
The association has recommended regulatory collaboration with the Ministry of Commerce, FBR, and SECP to enforce registration and fair competition. It has also urged logistics and courier companies to only process shipments with valid commercial invoices and ensure each parcel has the correct declared retail value.
It further called for the use of a verifiable tracking system and the submission of all shipment data digitally to relevant authorities for monitoring.
Pakistan’s formal retail sector, manufacturers, importers, and e-commerce players are being rendered uncompetitive by these practices, which pose long-term risks to the integrity of the country’s tax and trade ecosystem.
“These foreign operators are violating the spirit of fair competition and undermining Pakistan’s regulated economy. CAP is ready to provide any assistance in this matter and supports all actions CCP deems appropriate,” the association said.
Additionally, a separate complaint has also been filed through the Office of Fair Trade in Islamabad by a group of independent sellers who claim that Temu is distorting the market and misleading consumers, making it difficult for local businesses to compete.
One of the central allegations is Temu’s pricing strategy, described by complainants as predatory. By selling products at extremely low prices, Temu is accused of undermining fair competition and threatening the survival of small local retailers who comply with all regulatory and taxation policies.
Logistics and import industry insiders have reported that Temu frequently under-declares the value of goods, breaks high-value orders into smaller parcels to stay below tax thresholds, and mislabels products to avoid customs duties. These practices are not only unethical but also illegal and raise concerns about whether newly introduced policies will be effective if enforcement is not strengthened.
Despite increasing evidence, customs authorities have taken limited action. While local businesses are often penalised for minor issues, platforms like Temu continue to operate without proper enforcement, creating an uneven playing field. Domestic sellers face growing regulatory and financial pressure despite contributing to local employment and the economy.
KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (July 17, 2025)
===========================================================================
The kca official spot rate for local dealings in Pakistan rupees
---------------------------------------------------------------------------
For base grade 3 staple length 1-1/16"
Micronaire value between 3.8 to 4.9 ncl
===========================================================================
Rate Ex-gin Upcountry Spot rate Spot rate Difference
for price Ex-Karachi ex. Khi. as Ex-karachi
on 16-07-2025
===========================================================================
37.324 KG 16,300 285 16,585 16,585 NIL
Equivalent
40 KGS 17,469 305 17,774 17,774 NIL
===========================================================================
ISLAMABAD: Capital Development Authority (CDA) successfully concluded the third and final day of its open auction, raising a remarkable Rs19.56 billion through the sale of eight commercial plots and four shops in Blue Area’s Parking Plaza.
Chairman CDA and Chief Commissioner Islamabad Muhammad Ali Randhawa personally oversaw the transparent auction process, which saw an overwhelming response from local and overseas investors.
The active participation of the business community underscored renewed investor confidence in the authority’s planning, transparency, and facilitation measures.
Among the top bids on the third day, four retail units in Blue Area’s Parking Plaza fetched impressive amounts:
Shop No. 12-A: Rs146.7 million
Shop No. 8-A: Rs145.7 million
Shop No. 10-A: Rs143.2 million
Shop No. 8-C: Rs94.3 million
Earlier, three plots and one petrol pump site was auctioned.
Plot No. 13 in Blue Area (8-G) sold for Rs7.24 billion
Plot No. 14 in Blue Area (8-G): Rs4.16 billion
Plot No. 12 in Blue Area (8-G): Rs3.60 billion
Petrol pump site in Sector I-14 Markaz: Rs1.64 billion
In total, 46 commercial plots and shops were offered through open auction over three days at Jinnah Convention Centre. To ensure transparency, the auction process was jointly monitored by senior CDA officials including Member Estate Talat Mahmood, Member Finance Tahir Naeem, Member Engineering Syed NifasatRaza, and Member Planning Dr Khalid Hafeez.
On the sidelines of the auction, CDA also organised an Investment Expo featuring facilitation booths by the Environment Wing, MCI, and Sports and Culture Directorate to raise awareness and provide real-time assistance to potential investors.
The CDA also announced incentive packages, including a five per cent discount on lump-sum payments within a month and an additional five per cent discount for payments made in US dollars.
A dedicated facilitation team remains on standby to assist investors at every step.
Randhawa said the revenue generated from this successful auction will be directed towards Islamabad’s infrastructure uplift, sector development, and beautification projects, aiming to transform the capital into a modern and model city.
Crude futures, as well as those for gasoil, remain in backwardation in the nearer months of their curves, which means traders are having to pay more to secure prompt supplies. That pattern points to tight conditions even as producers’ cartel OPEC+ has been relaxing output curbs at a rapid clip.
Oil is higher so far this month, following gains in May and June. Both Morgan Stanley and Goldman Sachs Group Inc. have made the case in recent days that while global crude stockpiles have been expanding, the substantial builds have occurred in regions that don’t hold much sway in price-setting.
“While inventories globally have built very significantly, stocks in the pricing centers — especially in the US — are still quite low,” Daan Struyven, head of oil research at Goldman Sachs, told Bloomberg Television. The market’s focus has shifted to downside risks to supply, he said.