The Wall Street is showing signs of a sell-off, but the US stocks might survive for another week relatively unscathed if investors keep betting on sectors less vulnerable to an economic downturn. There has been a pressure building up for...
Hackers have targeted Sony Corporation's website again in less than a month after more than 100 million online user accounts were stolen, exposing more security issues for the company. Internet security firm F-Secure disclosed on Friday that a hacked page...

State-run Kuwait Petroleum Corp (KPC) and China's Sinopec will start the construction of their $9 billion joint venture oil refinery and petrochemical plant in China in the first quarter of next year, Kuwait's news agency reported on Sunday. The refinery...
Starwood Hotels and Resorts Worldwide, who owns prestigious brands like Sheraton, Westin, LeMeridien, W Hotels and the Luxury Collection is planning to launch an additional 100 hotels by the year 2015, in India. The group is famous for signing...
China National Petroleum Corp (CNPC), a state owned initiative is looking to double its oil and gas pipeline construction in the coming years. The parent of PetroChina is planning to lay 64,000 kilometers of oil and gas pipes from...
According to a survey of investment bankers, Singapore is likely to create the most jobs in financial services during the next 12 month period, compared to any other city, leaving London and New York behind. The survey showed Singapore is...
Officials from China, Japan and South Korea have agreed to boost trade in Asia by speeding up discussions on a possible free-trade deal. This trilateral pact is coming ahead of time, which was expected to be sealed in only...
National Central Cooling Company (Tabreed) said yesterday that Abu Dhabi's Mubadala Development Company, and its wholly-owned subsidiary General Investments now hold a majority 26.1 per cent stake in the company. In a statement to the Dubai Financial Market (DFM), Tabreed...
Middle East global entertainment firm and animation company, Rubicon, has signed a deal with US media conglomerate, Paramount and CBS to launch a $1 billion theme park and resort in Aqaba, Jordan. The theme park, with a license from...
The cola major Pepsi and two-wheeler maker Hero Honda have emerged as the two sponsors with the highest consumer recall during the cricket World Cup. According to a brand effectiveness survey conducted by Mindshare, a leading media agency (a...
The Pakistani rupee has fallen to a record low of 86.50 to the US dollar; as there is an increased demand for dollars for import payments. Also, flow of the much needed foreign aid to the country may be...

Shoppers world over will have to pay more to buy toys as presents, this Christmas as China increases wages. Hundreds of toy makers at the China Import and Export Fair, have been charging more, as the Chinese economy is...
As per reports, Du is all set to launch the High-speed 4G broadband services in UAE by year end. Du's only competitor Etisalat is also gearing up to upgrade its network to offer 4G services. The existing 3G network...
The US Treasury has agreed to sell $5.8 billion worth American International Group (AIG) shares, as it winds down ownership of the global insurer. The government is planning to sell 200 million AIG shares at $29 each; which stands...
The annual festival of the Dubai Summer Surprises is all set to get underway yet again! An event which was initially launched in the summer of 1998, by the Dubai government with a view to promote Dubai as a...
Come September and Flydubai will start flights to three destinations in Ukraine including Kiev, Kharkov and Donetsk. With this new routes, flydubai's global reach now extends to 40 destinations. Flights to the three destinations will start after Eid. Flights to...
DP World, a subsidiary of Dubai World, announced that from 1st of June its stock will be traded on London Stock Exchange (LSE). DP World is currently listed on Nasdaq Dubai but shareholders have been concerned about liquidity levels on...
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched the revamped e-government portal on Wednesday. The portal brings in array of facilities from local and federal bodies. The portal...
Tablets are new gadget craze to hit the market, they are light on weight and on pockets, while still taking full advantage of internet technologies and are substitutes to bulky laptops. It started many years ago when Apple launched the...
Of late, this has been a predicament faced by organizations and businesses world-wide. When faced with an economic slump, they are torn between the choice to cut back on either their Corporate Social Responsibility (CSR) or their investment in...
Soon after Google went open about its new mobile payment service, Google Wallet; PayPal has decided to sue the company and two of its former executives over trade secrets. According to the lawsuit filed, former PayPal executive (now with...
Gitanjali Gems had acquired Italian jewellery chain Giantti Italia for $ 15 million. This acquisition was in line with Indian companies taking the lead in the global playing field and owning up operations. This is a downright about turn...
The Pakistani government is looking at increasing spending on roads, education and healthcare by 58 percent by the next fiscal year to revive its economy hurt by floods and terrorism. It is reported that the government will spend 730...