Business & Management

Oman's CreditWatch rating placed on negative on possible economic and fiscal pressures

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Standard & Poor's Ratings Services placed its 'A/A-1' long-term and short-term local and foreign currency ratings on the Sultanate of Oman (Oman) on CreditWatch with negative implications.

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Aramex expects good Q4 results

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Aramex, UAE's courier firm, expects fourth-quarter profit growth to be in line with the rest of 2010 but the company does anticipate a tough 2011 as inflation starts to bite.

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Emirates Steel production jumps

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Emirates Steel increased its finished products production by 17.5 per cent in 2010 over the previous year.

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Lafarge on CreditWatch negative on high exposure to Middle East

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Standard & Poor's Ratings Services has placed its 'BBB-/A-3' long- and short-term corporate credit ratings on France-based building materials group Lafarge S.A. on CreditWatch with negative implications.

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Libya's long-term ratings lowered on elevated political risk

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Standard & Poor's Ratings Services lowered its long-term sovereign credit rating on the Socialist People's Libyan Arab Jamahiriya (Libya) to 'BBB+' from 'A-'.

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