July 24, 2026
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DR Congo Ebola outbreak reaches 2,267 cases and 893 deaths

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Egypt reserves cross $55 billion for first time in June

Australia AI office faces calls for artist representation

Tag : global economy

Business

Gold prices surge to record high near 4500 per ounce

omandailynews.com
LONDON, December 24, 2025: Gold prices surged to an all-time high on Monday, approaching the $4,500 per ounce mark, as investors sought stability amid volatile global markets and persistent geopolitical tensions. The benchmark spot price briefly touched $4,497.80 per ounce in early Asian trading, setting a new receord before easing slightly.......
Business

Gold prices rise as risk sentiment weakens globally

omandailynews.com
LONDON, December 19, 2025: Gold prices rose on Thursday as investors shifted toward safe-haven assets amid weaker risk sentiment following mixed U.S. labor market data, geopolitical tensions, and firm signals from the Federal Reserve that interest rates will remain restrictive until inflation is fully contained. Spot gold was last up 0.3 percent at $2,378.40 per ounce, while U.S.......
Business

UAE strengthens position among fastest-growing economies

omandailynews.com
ABU DHABI, December 18, 2025: The United Arab Emirates strengthened its position in 2025 as one of the world’s fastest-growing economies, driven by broad-based expansion in non-oil sectors, rising trade volumes, and sustained investment inflows. Official data and global economic assessments indicated continued growth momentum supported by sound fiscal management and......
News

Egypt and India’s strategic symbiosis marking a new era in diplomacy

omandailynews.com
Egyptian President Abdel Fattah El-Sisi welcomed India’s Prime Minister, Narendra Modi, in a historic meeting at the Ittihadia Palace in Egypt today. This event marked PM Modi’s first state visit to Egypt, a testament to the growing bond between the two nations. The two leaders held in-depth talks that underscored the......
Business

PM Modi’s progressive policies bolster India-US tech collaboration

omandailynews.com
In a move that underlines the strengthening of India-US relations, New Delhi and Washington are set to host the inaugural meeting of the Strategic Trade Dialogue on June 4-5. This meeting focuses on the implementation of the initiative on Critical and Emerging Technology (iCET). The strategic partnership between these two......
Business

US default threatens global crisis as $31.46 trillion debt deadline looms

omandailynews.com
The United States is facing a potential global economic crisis as it approaches a catastrophic default on its $31.46 trillion debt, according to US Treasury Secretary Janet Yellen. Yellen issued a series of increasingly dire warnings ahead of a meeting in Japan with her counterparts from the Group of Seven......
Business

ADCB sees 27 percent increase in Q1 23 net profit reaching AED 1.87 billion

omandailynews.com
Abu Dhabi Commercial Bank (ADCB) has reported a remarkable 27% surge in its net profit for Q1 2023, reaching AED1.878 billion. The bank’s net interest income also grew by 33% to AED2.851 billion, while non-interest income rose by 34% to AED1.061 billion. ADCB’s total assets rose by 13% to AED501......