November 8, 2026
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World food prices ease in October as sugar extends rally

WHO reports 67 yellow fever cases in nine African countries

Egypt reserves climb $151.6 million to record $57.5 billion

Botswana diamond output rises 14% as economy shows recovery

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Modi launches Pune Metro projects worth ₹21,800 crore

MEAPMP Launches: Revamped Independent Ad-Tech & Premium Media Buying Across MEA

Abu Dhabi signs four OpenAI deals as Sheikh Khaled meets Altman

Indonesia’s non-oil exports drive $10.61bn trade surplus

FirstRand joins African lenders eyeing Kenya bank acquisitions

Tag : Inflation

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...
Business

Global markets face disruption amid $17.3 trillion oil shock warning

omandailynews.com
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital asset sectors. The alert follows heightened geopolitical tension in South America, where the detention of...
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...
Business

Global trade set for 2.7% growth in 2024, 3.0% in 2025: WTO report

omandailynews.com
MENA Newswire News Desk: Global merchandise trade showed signs of recovery in the first half of 2024 with a year-on-year increase of 2.3%, according to the latest Global Trade Outlook report. The report anticipates moderate growth continuing through the end of...
Business

Fed Chair Powell signals smaller rate cuts to keep economy in solid shape

omandailynews.com
MENA Newswire News Desk: Federal Reserve Chair Jerome Powell reiterated Monday that the central bank will take necessary measures to maintain the economy’s strength, although future interest rate cuts will likely come in smaller increments. Speaking during a Q&A session...
Business

Chinese Yuan hits record lows against surging US dollar

omandailynews.com
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China's domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as...