Month : May 2026

Business

Dubai Green Corridor keeps cargo moving during disruptions

omandailynews.com
Dubai Customs said its Green Corridor initiative with Oman Customs helped maintain trade flows after regional disruptions affected key sea lanes and traditional shipping routes, with customs declarations processed through the corridor rising sharply between March and April 2026. The...
News

Climate warming drives oxygen decline in rivers

omandailynews.com
A global study has found that climate warming is driving sustained oxygen loss in rivers, adding pressure to freshwater ecosystems that support aquatic life, water quality and biogeochemical cycles. The peer-reviewed research, published on May 15 in Science Advances, examined...
News

UAE mediation delivers 410 Russia Ukraine swap

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Russia and Ukraine exchanged 205 prisoners of war each on Friday in the latest swap credited to mediation by the United Arab Emirates, bringing the total number of captives released in the operation to 410. The exchange marked the newest...
Health

Ebola Bundibugyo outbreak expands health response in DRC

omandailynews.com
Health authorities in the Democratic Republic of the Congo have confirmed a new Ebola outbreak in eastern Ituri province, reporting 80 deaths and 246 suspected cases as laboratory testing identified the Bundibugyo strain of the virus. The Ministry of Health...
News

UAE hosts PM Modi for official talks on energy and trade

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UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Indian Prime Minister Narendra Modi in Abu Dhabi on Friday at the start of an official visit focused on energy cooperation, trade, investment and regional issues. The reception included the national...
Business

Air Arabia Q1 profit slips as regional disruption bites

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Air Arabia reported a net profit of AED 278 million for the first quarter ended March 31, 2026, as regional airspace closures and temporary operational restrictions weighed on capacity during the period. The Sharjah based carrier said first quarter profit...
News

Trump and Xi end Beijing summit with cautious progress

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President Donald Trump concluded talks with Chinese President Xi Jinping in Beijing after the White House said the leaders had a “good meeting” that covered economic cooperation, the Strait of Hormuz and Iran’s nuclear issue. The White House said the...
Business

South Korea ICT exports hit $42.7 billion in April

omandailynews.com
South Korea’s information and communication technology exports rose 125.9% from a year earlier to $42.71 billion in April, extending a semiconductor-led surge and marking the second consecutive month the sector has remained above $40 billion. Data released on May 14...
Business

India unveils sovereign-backed maritime insurance pool

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India on May 12 launched the Bharat Maritime Insurance Pool, a $1.5 billion domestic marine insurance mechanism backed by a sovereign guarantee of $1.4 billion, or 12,980 crore rupees, as the government moved to secure maritime cover amid current Middle...
Business

EMSTEEL Q1 net profit jumps as margins widen

omandailynews.com
EMSTEEL reported revenue of AED 2.2 billion for the first quarter of 2026, broadly unchanged from a year earlier, as sharply higher margins lifted earnings across the business. EBITDA rose 82% year on year to AED 483 million, while net...