Month : May 2022

Business

United States sanctions a Lebanese businessman over Hezbollah links

omandailynews.com
The United States Treasury Department has imposed severe sanctions against Hezbollah, specifically targeting the group’s financial facilitator, Lebanese businessman Ahmad Jalal Reda Abdallah, and his companies. The Treasury Department’s Office of Foreign Assets Control has sanctioned eight of Abdallah’s companies located in Lebanon and Iraq. The Treasury Department has announced......
Travel

UAE tourism sector performance in Q1 2022 exceeds pre-pandemic levels

omandailynews.com
UAE Tourism Council Chairman Dr. Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Businesses, announced that the country’s tourism sector achieved a key growth milestone in Q1 2022, highlighting its competitiveness at both the regional and global levels. The sector’s recent achievement can be attributed......
Business

Wall Street records sharpest plunge since 2020, Dow drops 1100 points

omandailynews.com
On Wednesday, the Dow Jones Industrial Average recorded its biggest plunge since 2020 after another prominent retail company warned of escalating prices, reinforcing investors’ apprehensions about future inflation, and triggering the catastrophic 2022 sell-off. The Dow lost 1,164.52 points, or 3.57%, to 31,490.07, the index’s steepest slide since June 2020.......