Tag : economic growth

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......
Business

Botswana downgrade adds pressure to diamond economy

omandailynews.com
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook. The cut leaves Botswana at the lowest investment-grade level and comes as weaker rough diamond......
Business

Vietnam’s F&B sector shows robust growth prospects for 2024

omandailynews.com
Vietnam’s food and beverage sector is expected to reach $29.8 billion in revenue by 2024, with a 10.92% growth, driven by increasing consumer confidence and rising demand for sustainable products....
Travel

UAE airports handle over 71.7 million passengers in the first half of 2024

omandailynews.com
UAE airports saw a 14.2% increase in passenger traffic in H1 2024, handling over 71.7 million passengers, marking a strong recovery for the aviation sector and boosting economic growth....
Travel

UAE’s aviation sector soars: 31.8 million passengers in Q1 2023

omandailynews.com
The Central Bank of the UAE (CBUAE) has announced in its recent Quarterly Economic Review that UAE airports welcomed a whopping 31.8 million passengers in the first quarter of 2023. This figure represents a notable surge from the same period in 2022 when the passenger count was around 20.4 million,......
News

US gears up to engage with India’s dynamic leader, PM Modi

omandailynews.com
A wave of anticipation has swept across the United States as it readies itself to host one of India’s most transformative leaders, Prime Minister Narendra Modi, from the 21st to the 24th of June. As the dates draw closer, the atmosphere of anticipation is electrifying, with the American political landscape, Indian......
Business

Successful UAE-India partnership stands as a model of bilateral cooperation

omandailynews.com
New Delhi was a hub of activity on the 24th and 25th of May 2023 as it hosted the annual Confederation of Indian Industry (CII) conference. Prominent figures such as Sanjeev Bajaj, President of CII, and Chandragit Banerjee, Director-General of CII, attended, along with a distinguished assortment of global investors,......
Business

Saudi Arabia and OPEC+ allies agree to cut oil output by 1.16 million bpd

omandailynews.com
Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day on Sunday, ahead of a virtual meeting of an OPEC+ ministerial panel. The unexpected move takes the total volume of cuts by OPEC+ to 3.66 million bpd, equal to 3.7% of......
Business

UAE, Egypt, and Jordan sign industrial partnership for economic growth

omandailynews.com
UAE, Egypt and Jordan have announced an Industrial Partnership for Sustainable Economic Growth in Abu Dhabi today to increase sustainable economic growth across five sectors in the three countries. H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, witnessed the signing of the partnership......