April 16, 2026
Trending now

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

Gold steadies as markets watch US-Iran talks

Nikkei falls as caution returns to Tokyo stocks

Tag : financial stability

Business

Bank of Korea holds 2.5% rate and rolls out dot plot

omandailynews.com
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of Korea’s Monetary Policy Board said it would hold the current level while assessing developments in......
Business

Argentina settles U.S. Treasury swap obligation in full

omandailynews.com
MENA Newswire, BUENOS AIRES: Argentina has repaid the United States $2.5 billion that it drew under a short term currency swap credit line from the U.S. Treasury, completing the repayment by the end of December 2025, according to statements from U.S. and Argentine authorities. The repayment closes out Argentina’s use of......
Business

Breaches of criminal law in Credit Suisse-UBS merger to be probed by Swiss prosecutor

omandailynews.com
Switzerland’s Federal Prosecutor is investigating potential breaches of criminal law by officials involved in the state-backed takeover of Credit Suisse by UBS Group, which was announced last month. The prosecutor’s office is examining the deal for any evidence of wrongdoing by government officials, regulators, and executives at both banks. The......