April 16, 2026
Trending now

Sheikh Khaled begins Beijing visit to deepen UAE-China ties

UAE and Italy leaders discuss security and cooperation

China auto output and sales jump in March

Bank of Korea keeps rate at 2.5% for seventh hold

Abdullah bin Zayed, Kaja Kallas review UAE-EU ties

China inflation hits 1% in March as PPI turns positive

UAE president hosts UK PM for regional security talks

Bahrain and UK review regional tensions and economic risks

Gold steadies as markets watch US-Iran talks

Nikkei falls as caution returns to Tokyo stocks

Month : May 2023

Sports

Rising star Haaland takes Football Writers’ Association Footballer of the Year honors

omandailynews.com
Erling Haaland, the electrifying talent from Manchester City, has secured the highly coveted Football Writers’ Association (FWA) Footballer of the Year title in a resounding victory, marking an unprecedented achievement for a player in his debut season. Haaland’s extraordinary impact on the English football scene has been nothing short of......
Business

US default threatens global crisis as $31.46 trillion debt deadline looms

omandailynews.com
The United States is facing a potential global economic crisis as it approaches a catastrophic default on its $31.46 trillion debt, according to US Treasury Secretary Janet Yellen. Yellen issued a series of increasingly dire warnings ahead of a meeting in Japan with her counterparts from the Group of Seven......
News

Pakistan faces unrest and potential civil war following Imran Khan’s arrest

omandailynews.com
Following the arrest of former Prime Minister Imran Khan, Pakistan has been plunged into a state of unrest as violent protests erupt across the nation. Khan’s supporters have taken to the streets, storming the army headquarters in Rawalpindi, blocking roads and highways, and setting a police vehicle on fire in......
Technology

Apple partner Foxconn buys 13 million square feet site in Bengaluru for production expansion

omandailynews.com
Foxconn, the leading Apple supplier, has acquired a massive 1.2 million-square-meter (13 million-square-foot) property on the outskirts of Bengaluru, India, according to a statement issued to the London Stock Exchange. The purchase, located in Devanahalli near the airport for the Indian tech hub, is part of Foxconn’s efforts to diversify......
Business

Chinese Yuan hits record lows against surging US dollar

omandailynews.com
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as the dollar continues to rise against other major currencies due......
Business

Abu Dhabi outperforms other economies in MENA region with 9.3% GDP growth in 2022

omandailynews.com
The Statistics Centre – Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report for 2022, revealing that Abu Dhabi’s economy grew by 9.3% by the end of the year, making it the fastest-growing economy in the Middle East and North Africa (MENA) region. The report attributes this......
Business

Pakistan’s economy suffers major setback as IMF denies $6 billion loan

omandailynews.com
The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a $6 billion loan. Pakistan signed an agreement with the IMF in 2019 to provide the loan upon meeting certain conditions. However, the funds have not......
Business

Apple shares climb as iPhone sales rebound, surpassing estimates

omandailynews.com
Apple Inc.’s shares experienced an uptick in early trading after the tech giant reported a rebound in iPhone sales during the last quarter. The world’s most valuable company managed to surpass earnings estimates despite an industry-wide downturn that has affected much of its product lineup. Apple’s overall revenue reached $94.8......
Business

Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake

omandailynews.com
Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its logistics business to Flexport in exchange for approximately 13% equity. This news comes about 10 months after the company laid off 10% of its workforce, which affected roughly 1,000 employees.......
Featured News

ASCA Capital Announces Minority Investment in SQUATWOLF to Support The Growth of The Successful Premium Gymwear Brand

omandailynews.com
MENA Newswire: ASCA Capital Limited, a DIFC based asset manager focusing on private equity investments in high-growth companies, today announced that it has made a minority investment in SQUATWOLF, a fast-growing premium gymwear brand founded in Dubai and with product design and innovation in the UK. The terms of the......