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Business

China forex reserves fall in March to $3.34 trillion

omandailynews.com
BEIJING: China’s foreign exchange reserves fell to $3.3421 trillion at the end of March, official data showed on April 7, as a stronger U.S. dollar and weaker prices for major global financial assets weighed on the value of the country’s reserve holdings. The March total was down $85.7 billion, or 2.5%, from the......
Business

ADB unveils fund to speed ASEAN power grid plans

omandailynews.com
MANILA: The Asian Development Bank has launched a new multi-partner trust fund with about $25 million in initial backing to accelerate preparation of cross-border energy and transmission projects in Southeast Asia. The new vehicle, called the Regional Connectivity Fund for Energy in Southeast Asia, is aimed at advancing the ASEAN Power......
Business

Shenzhen Port tops 8.52 million TEUs in first quarter

omandailynews.com
SHENZHEN: Shenzhen Port handled 8.5227 million foreign-trade containers measured in TEUs in the first quarter of 2026, official customs data showed, as one of China’s biggest maritime gateways posted steady year-on-year growth at the start of the year. The quarter’s throughput was up 7.81% from a year earlier, lifting the southern port......
Business

UAE enters global top 10 exporters in WTO rankings

omandailynews.com
ABU DHABI: The United Arab Emirates entered the world’s top 10 merchandise exporters in 2025 for the first time, ranking ninth globally after its goods exports rose to $707 billion, according to the latest World Trade Organization trade statistics. The WTO’s main merchandise table also showed the UAE ranked 13th in goods imports......
Business

Türkiye raises power and gas prices by up to 25%

omandailynews.com
ANKARA: Türkiye has raised electricity and natural gas prices for households and several business categories, with the biggest increases reaching 25% and taking effect on April 4. The Energy Market Regulatory Authority said residential electricity tariffs rose 25%, while prices increased 17.5% for public and private services, 5.8% for industrial users and 24.8%......
News

Pakistan rocked by 6.2 quake from Afghanistan’s Hindu Kush

omandailynews.com
ISLAMABAD: An earthquake that Pakistan’s meteorological agency measured at magnitude 6.2 shook parts of the country late Friday, sending residents into the streets in Islamabad and several northwestern cities, while authorities said initial checks had not produced immediate reports of fatalities or major damage inside Pakistan. The deadliest reported impact was in Afghanistan,......
Business

South Korea food exports rise 4% in first quarter

omandailynews.com
SEJONG: South Korea’s food exports rose 4.0% from a year earlier in the first quarter, supported by strong overseas demand for ramyeon, snacks, beverages and fresh fruit, according to provisional government data released on April 3. Food exports reached $2.5622 billion in the January to March period, up from $2.4639 billion a......
Business

Vietnam exports jump 19.1% in first quarter of 2026

omandailynews.com
HANOI: Vietnam’s exports rose 19.1% from a year earlier in the first quarter of 2026 to $122.93 billion, according to official data released on April 4, extending a strong start to the year for one of Southeast Asia’s most trade-dependent economies. Imports increased at a faster 27% pace to $126.57 billion, leaving the......
Health

DR Congo lifts national mpox emergency after two years

omandailynews.com
KINSHASA: The Democratic Republic of the Congo has declared an end to the mpox outbreak that had remained under national emergency management for about two years, with Health Minister Roger Kamba saying the epidemic no longer met the threshold for that status. The announcement marks a major public health milestone for a country......
Business

China expands digital yuan network with 12 new banks

omandailynews.com
BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting the total number of approved operators to 22. The People’s Bank of China said the newly admitted institutions will connect to the central bank’s digital......