April 16, 2026
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UAE president and EU Council chief discuss regional security

South Korea auto exports rise on March hybrid demand

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

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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

About 2 million air fryers were recalled because of fire hazards

omandailynews.com
As a result of a wire connection overheating in the air fryers, the U.S. Consumer Product Safety Commission has recalled about 2 million Cosori air fryers. According to the company, more than 200 users have reported that the appliances caught fire. In North America, Canada, and Mexico, Cosori is recalling......
Business

Musk loses $12 billion in a day after slamming S&P ESG rankings

omandailynews.com
Tesla’s share price collapsed erasing a large chunk of the wealth of the world’s richest man Elon Musk. Musk’s net worth has dropped to $218 billion as Tesla’s shares are down 6.8%, according to Forbes. Musk’s wealth has been diminishing due to recent comments about politics and the removal of......
Business

Wall Street records sharpest plunge since 2020, Dow drops 1100 points

omandailynews.com
On Wednesday, the Dow Jones Industrial Average recorded its biggest plunge since 2020 after another prominent retail company warned of escalating prices, reinforcing investors’ apprehensions about future inflation, and triggering the catastrophic 2022 sell-off. The Dow lost 1,164.52 points, or 3.57%, to 31,490.07, the index’s steepest slide since June 2020.......