July 23, 2026
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Tag : business news

Technology

Samsung sets 2029 start for first Yongin semiconductor plant

omandailynews.com
SEOUL, SOUTH KOREA / RankWire.AI / – Samsung Electronics plans to start operations at its first chip plant in Yongin in 2029. The revised target brings the opening forward by one to two years from the earlier 2030 to 2031 schedule. The facility will anchor Samsung’s planned national semiconductor complex......
Business

Apple expands Broadcom chip deal in U.S. manufacturing

omandailynews.com
CUPERTINO, CALIFORNIA / RankWire.AI / – Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips. It also supports work at......
Business

Apple expands Broadcom chip deal in U.S. manufacturing

omandailynews.com
CUPERTINO, CALIFORNIA / RankWire.AI / – Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips. It also supports work at......
Business

China foreign exchange reserves decline in June

omandailynews.com
BEIJING, CHINA / MENA Newswire / – China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said reserves stood at $3.4163 trillion at the end......
Business

ADB cuts Asia Pacific 2026 growth forecast to 4.9%

omandailynews.com
MANILA, PHILIPPINES / MENA Newswire / – The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued in April. It......
Business

Developing Asia FDI reaches $644 billion in 2025

omandailynews.com
GENEVA / RankWire.AI / – Developing Asia attracted $644 billion in foreign direct investment in 2025, up from $623 billion a year earlier, United Nations Trade and Development said in its World Investment Report 2026. The gain kept the region as the largest FDI recipient among developing regions. The increase......
Business

Japan’s Nikkei 225 clears 72,000 in record Tokyo rally

omandailynews.com
TOKYO / MENA Newswire / – Japan’s Nikkei 225 rose above 72,000 for the first time on Monday, setting a fresh record as Tokyo equities extended a sharp June rally. The benchmark share average gained 1.4 percent to 72,247.21 in morning trade. It earlier touched an intraday peak of 72,269.64.......
Business

Investor interest lifts UAE real estate in global index

omandailynews.com
Investor interest in UAE property led surveyed markets, supported by return potential, stability and ownership access in the index....
Business

Dollar heads for weekly gain as yen nears 160 level

omandailynews.com
Dollar heads for a weekly gain as the yen nears 160 per dollar, with Japan intervention data and rate gaps in global market focus....
Business

AI chip demand lifts Singapore Q1 GDP growth to 6%

omandailynews.com
AI chip demand helped Singapore beat its Q1 GDP estimate, with exports and manufacturing gains led by electronics and semiconductors....