Month : February 2024

Business

PM Modi and Sheikh Mohammed unveil plans for Bharat Mart

omandailynews.com
Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, alongside Prime Minister Narendra Modi of India, marked a significant milestone today by laying the foundation stone for Bharat Mart, a groundbreaking market and trading platform tailored for Indian businesses in Dubai. The ceremony took place at......
Business

Japan slips to fourth-largest economy as recession hits

omandailynews.com
Japan, a former economic powerhouse, has been displaced from its longstanding position as the world’s third-largest economy by Germany. This significant shift in global economic rankings comes as Japan unexpectedly slips into recession, marking a challenging period for the Asian giant. Once hailed as the second-largest economy globally, Japan’s recent......
Business

IMF predicts global interest rate drop by mid-2024

omandailynews.com
The ongoing World Governments Summit 2024 (WGS) witnessed a pivotal plenary session headlined by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), shedding light on the trajectory of global interest rates. Amidst the distinguished attendees were notable figures including Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah,......
Travel

Etihad boosts India connectivity, 1.4M passengers in Jan ’24

omandailynews.com
Etihad Airways, the flagship carrier of the United Arab Emirates, has disclosed its preliminary traffic figures for January 2024, showcasing a remarkable surge in passenger numbers. The airline recorded over 1.4 million travelers onboard during the month, marking a significant milestone in its operational history. Etihad’s proactive approach to meeting......
Business

Restaurant Brands beats analyst forecasts on Tim Hortons sales

omandailynews.com
Burger King owner, Restaurant Brands International, has exceeded analysts’ projections for its fourth-quarter earnings and revenue, bolstered primarily by robust sales from Canadian coffee chain Tim Hortons. Tim Hortons, the renowned Canadian coffee chain, has surpassed expectations for same-store sales growth, playing a pivotal role in driving Restaurant Brands International’s quarterly earnings beyond......
Business

World Bank president advocates for inclusive development path

omandailynews.com
During the opening day of the World Governments Summit (WGS) 2024, Ajay Banga, President of the World Bank Group, delivered a compelling session titled “Delivering Impactful Development Results – a Conversation with the World Bank President,” shedding light on how conflicts pose a significant threat to inclusive development worldwide. The session was......
News

UAE president welcomes Congo-Brazzaville president

omandailynews.com
In a diplomatic encounter at Qasr Al Shati, Abu Dhabi, President Sheikh Mohamed bin Zayed Al Nahyan received Denis Sassou Nguesso, President of Congo-Brazzaville, who embarked on a significant working visit to the UAE. Amidst discussions at the highest level, the leaders delved into avenues to fortify bilateral ties and explored opportunities for collaborative......
Health

Kiwi consumption linked to mental health benefits, researchers find

omandailynews.com
New Zealand scientists have discovered that consuming kiwi can significantly improve mood within just four days, surpassing the long-standing belief in the mental health benefits of apples. The findings, published in the prestigious British Journal of Nutrition, suggest a potential shift in dietary recommendations for enhancing psychological well-being. According to Tamlin......
Business

Pinterest shares dip on weak outlook, revenue miss

omandailynews.com
Pinterest shares plummeted in extended trading on Thursday following the company’s disappointing revenue report and a weaker-than-expected forecast. However, the stock managed to recover some losses after Pinterest unveiled a new partnership with Google. In its fourth-quarter earnings report, Pinterest missed revenue expectations but exceeded earnings projections. The company reported a......