Business & Management

Jordan’s 2011 budget deficit falls


The minister of finance announced that Jordan's budget deficit fell by US$704mn which amounted to 5.3 per cent of gross domestic product (GDP).

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Emerson Process Management opens flow calibration and service center


Emerson Process Management, a wholly-owned Emerson company offering the broadest range of process automation solutions has announced the opening of its new Middle East Flow Service Center in Abu Dhabi.

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Middle East investors spark overseas surge


Middle East investors helped to spark a 40 per cent increase in commercial property transactions in the past year in Europe, Middle East and Africa (EMEA), says a Jones Lang LaSalle report.

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Egypt ratings lowered on continuing unrest


Standard & Poor's Ratings Services lowered its long-term foreign currency sovereign ratings on the Arab Republic of Egypt to 'BB' from 'BB+', and its long- and short-term local currency ratings to 'BB+/B' from 'BBB-/A-3'.

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GCC economy to exceed US$1 trillion


Higher crude prices and output will likely boost the combined nominal GDP of Gulf oil producers to a record high of more than US$1.1 trillion in 2011 while their economies could fully recover within two years, a semi official study has said.

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