The UAE Cabinet has approved a new National Investment Fund worth AED 36.7 billion, aimed at boosting foreign direct investment and supporting industrial growth. Officials say the initiative is a key step in strengthening the nation’s economic diversification strategy. The fund will target strategic sectors, including manufacturing, infrastructure, and technology, to attract international investors and stimulate industrial development. By mobilizing resources, the UAE seeks to enhance competitiveness and create long-term economic value. Authorities emphasized that the fund will provide financing for high-potential projects and support initiatives that generate employment, promote innovation, and increase industrial capacity. The measure is expected to benefit both…
Author: OMN AI
This article was created with the assistance of OMN AI, the AI-powered editorial platform developed by OMN Group. Every article is reviewed, fact-checked, and approved by a human journalist before publication to ensure accuracy and editorial quality. Learn more at https://omngroup.com
Eurowings has launched direct nonstop flights from Düsseldorf to Dubai, improving connectivity between Europe and the UAE. The new route offers travelers faster and more convenient access to one of the Middle East’s top destinations. Travel experts say the nonstop flights will benefit both leisure and business travelers. Passengers can now reach Dubai without layovers, saving time and offering a smoother travel experience. The route is expected to attract European tourists and professionals traveling to the UAE. Dubai’s tourism industry is likely to see positive effects from the new connection. Hotels, attractions, restaurants, and retail businesses could experience higher visitor…
The White House launched a media “Hall of Shame” as Trump intensified his campaign against what he calls fake news. The portal appeared while he faced rising criticism for attacking journalists. The administration claimed the site would track hoaxes, anonymous stories, and partisan smears by updating entries regularly. The portal named The Washington Post as “Offender of the week” and targeted other outlets, including The New York Times, CNN, CBS News, and The Independent. The site listed each alleged claim and placed them into various categories. Categories Highlight Accusations Against Major Outlets The White House included agencies like the Associated…
Organisers gave the 2026 World Cup draw a political edge by honouring Donald Trump with FIFA’s new peace prize. Trump openly sought international recognition and openly promoted his desire for the Nobel Peace Prize. Many observers viewed him as the leading contender for this new FIFA honour. Trump and Gianni Infantino maintain a close relationship, and Infantino repeatedly argued that Trump deserved the Nobel for his attempts to broker a Gaza ceasefire. Infantino presented the trophy and stated, “This is your prize, this is your peace prize.” He often describes football as a global unifier, yet this award marks a…
Watches of Switzerland posted rising sales and profits despite US tariffs of up to 39% on Swiss goods.Swiss luxury watch demand held firm in the US, as half-year results showed resilient high-end spending.The UK-listed retailer, known for selling Rolex, Omega, and Cartier, reported revenue of £845 million for the 26 weeks to 26 October 2025, rising 10% in constant currency and 8% in reported terms.Adjusted earnings before interest and tax increased to £69 million, growing 6% in constant currency.Statutory profit before tax jumped 50% to £61 million.These gains arrived even as steep US tariffs raised the cost of Swiss-made imports.Washington…
The EU moves to end reliance on Moscow by banning Russian pipeline gas and LNG by 2026 and 2027.Lawmakers set deadlines that phase out short-term and long-term contracts, with staggered dates for LNG and pipeline gas.Officials say the bloc must stop financing Russia’s war in Ukraine and reduce vulnerability to supply manipulation. Landlocked States Secure Emergency Protection Hungary and Slovakia gain access to a suspension clause allowing Russian gas during severe supply disruptions.EU governments accept this clause after landlocked countries raise concerns about price spikes and supply security.Hungary calls the law unfair and prepares a legal challenge with Slovakia, citing…
Moscow signals decisive stance amid Ukraine peace talks President Vladimir Putin told reporters in Moscow that Russia does not seek conflict with European nations, but is fully prepared to act immediately if Europe initiates hostilities. He warned that any war started by Europe would be so swift that “there would be no one left to negotiate with,” underscoring the seriousness of his remarks as diplomatic efforts surrounding Ukraine remain unstable. European governments blamed for hindering diplomacy Putin criticized several European countries for obstructing peace initiatives, asserting that their proposed amendments to a U.S.-backed settlement plan were unacceptable to Russia. He…
Scientists report that daily orange juice alters how thousands of genes in immune cells function.Many of these genes regulate blood pressure, reduce inflammation, and manage sugar metabolism.These processes support long-term cardiovascular stability and influence overall metabolic balance.Researchers note that a simple breakfast drink exerts far greater biological effects than expected. Studies Reveal Broad Health-Related Changes Adults consumed 500 ml of pure pasteurised orange juice every day for two months in recent trials.After 60 days, inflammation-linked genes like NAMPT, IL6, IL1B, and NLRP3 showed reduced activity.The SGK1 gene, which affects sodium retention in the kidneys, also displayed lower activity.These findings match…
Bitcoin plunged on Monday and fell below €75,000 as the broader crypto market extended its steep decline.Cryptocurrencies entered another losing month as Bitcoin dropped more than 5% during European trading.Bitcoin reached about €110,000 in early October and then began a long slide after heavy liquidations.The currency lost over 16% in November and even moved toward €74,000 at one point.Other major tokens also fell on Monday, with Ethereum and Solana dropping more than 5%.Bitcoin showed brief stability last month, but each rebound faded and prices resumed their fall. Risk-Averse Investors Shift Strategies Stocks linked to higher risk also declined in recent…
The United Arab Emirates government has announced a major debt relief initiative, waiving AED 475 million in debt for 1,435 Emirati citizens. The move is aimed at easing financial burdens and supporting households across the country. Officials said the program reflects the government’s commitment to social welfare and economic stability. By relieving citizens of debt, the initiative helps improve personal finances and allows individuals to focus on investment, education, and family well-being. The debt forgiveness covers various personal loans and obligations, providing immediate financial relief to affected citizens. Authorities emphasized that the program is part of broader efforts to enhance economic…
