Economy

American Society of Mechanical Engineers (ASME) will present a special four-day training event in Dubai focused on three of the organization’s continuing education courses for engineers and t

LONDON: Atlantis, The Palm, is raising an $ 850 million syndicated loan to refinance existing debt and provide new funds, banking sources said.

NEW YORK: Oil climbed for a third straight session, supported by a raft of strong economic data from top oil consumer the US that also boosted US equities, although a strong dollar limited gains in oi

SAN JOSE, California: The Canadian government is trying to lure Silicon Valley tech workers who are frustrated by US visa policies, just as Congress wrestles with a long-sought overhaul of America’s

BRUSSELS: The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it.

The Saudi stock market was in the red last week, reversing after a 3-week surge and dropping 0.82 percent.

MUMBAI: Standard & Poor’s reiterated its negative outlook on India’s credit rating, which is one notch above “junk,” warning of the need to follow through on reforms and

COLOMBO: Sri Lankan shares rose to hit a new 18-month high on foreign buying, with market heavyweight John Keells Holdings leading the rally, while the rupee ended weaker on corporate dollar demand

KARACHI: Pakistan’s stocks closed higher as the market rebounded after some correction yesterday, mainly led by cement stocks.

WASHINGTON: A year after a nightmarish share offering, Facebook still has its ardent backers and detractors.