Tag : business news

Business

GME posts strongest trading week in two decades

omandailynews.com
Gulf Mercantile Exchange recorded the highest weekly trading volume in its history during the week of May 11, 2026, with more than 69,052 contracts traded, equal to about 69 million barrels of Oman crude oil, according to information released by...
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...
Business

Air Arabia Q1 profit slips as regional disruption bites

omandailynews.com
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...
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...
Business

Alphabet becomes fourth company to cross $4 trillion valuation

omandailynews.com
MENA Newswire, SAN FRANCISCO: Shares of Alphabet Inc. rose sharply on Monday, lifting the Google parent’s market capitalization above $4 trillion for the first time and placing it among a small group of companies to reach that valuation threshold. The milestone was achieved during...