Month : February 2026

Business

Modi unveils 2047 tax holiday to grow India data centres

omandailynews.com
MENA Newswire, NEW DELHI: India’s government has proposed a tax holiday through 2047 for foreign companies that provide cloud services to customers worldwide while running those workloads using data centre services based in India, a long-horizon incentive unveiled in the Union Budget 2026 to strengthen the country’s role in global digital infrastructure......
News

UAE President meets IMF Managing Director in Abu Dhabi

omandailynews.com
MENA Newswire, ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Kristalina Georgieva, Managing Director of the International Monetary Fund, at Qasr Al Shati in Abu Dhabi on Monday, as the two sides discussed areas of cooperation and current global economic developments. The meeting took place during Georgieva’s visit to the......
Business

Gold and silver selloff ripples into stocks and commodities

omandailynews.com
MENA Newswire, NEW YORK: Gold and silver prices tumbled in a sharp, disorderly selloff that erased an estimated $7 trillion in notional value across precious metals, after a record-setting rally gave way to forced liquidations, margin pressures, and a stronger U.S. dollar. The drop reverberated across commodities and global equities, underscoring how quickly......