Month : April 2026

Business

CBUAE leaves base rate unchanged at 3.65%

omandailynews.com
ABU DHABI: The Central Bank of the UAE kept the Base Rate applicable to the Overnight Deposit Facility unchanged at 3.65% on April 29, leaving the country’s main policy benchmark at the same level after the latest U.S. rate decision. The move preserves...
Business

South Korea retail sales climb 5.6% in March

omandailynews.com
SEOUL: Sales at South Korea’s major retailers rose 5.6% from a year earlier in March, extending gains in consumer spending as online platforms outpaced store-based outlets and department stores benefited from seasonal demand. The Ministry of Trade, Industry and Energy...
Business

Syria gets US$225 million World Bank water health aid

omandailynews.com
WASHINGTON: The World Bank’s Board of Executive Directors approved US$225 million in grant financing from the International Development Association for Syria on April 23, allocating US$150 million for water services and US$75 million for health services. The financing will be delivered through two...
News

Bilateral ties and regional security reviewed in UAE Dutch talks

omandailynews.com
ABU DHABI: Sheikh Abdullah bin Zayed Al Nahyan, the United Arab Emirates’ Deputy Prime Minister and Minister of Foreign Affairs, met Dutch Foreign Minister Tom Berendsen in Abu Dhabi on Wednesday for talks on bilateral ties and regional developments, as the two countries...
News

UAE President and Italy defence chief discuss security

omandailynews.com
ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Italian Defence Minister Guido Crosetto in Abu Dhabi on April 22, with the two sides focusing on defence and security cooperation as well as the impact of Middle East developments on regional...
Business

Dnata invests A$32 million in Western Sydney cargo hub

omandailynews.com
SYDNEY: Dnata said on April 22 it will invest about A$32 million to establish a dedicated cargo terminal at Western Sydney International Airport, becoming one of the early freight operators at Sydney’s new 24-hour gateway before full passenger services begin. The...
News

UAE and Sierra Leone presidents discuss bilateral ties

omandailynews.com
ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan met Sierra Leone President Julius Maada Bio on April 21 in Abu Dhabi, where the two leaders discussed bilateral ties and regional developments during Bio’s working visit to the United Arab Emirates....