Emirates Steel production jumps
Emirates Steel increased its finished products production by 17.5 per cent in 2010 over the previous year.
Business & Management
Lafarge on CreditWatch negative on high exposure to Middle East
Standard & Poors 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.
Libya's long-term ratings lowered on elevated political risk
Standard & Poors Ratings Services lowered its long-term sovereign credit rating on the Socialist Peoples Libyan Arab Jamahiriya (Libya) to BBB+ from A-.
Egypt's industry leaders promise not to lay off workers in the industry sector
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A meeting held by the Minister of Trade and Industry, Dr. Samiha Fawzy, and the Federation of Egyptian Industries (FEI), which represents all the industrial sectors in Egypt, agreed to a number of guarantees for Egyptian workers in the industrial sector.
Kingdom of Bahrain ratings lowered on heightened political risk
Standard & Poors Ratings Services lowered its long- and short-term sovereign credit ratings on the Kingdom of Bahrain (Bahrain or the Kingdom) to A-/A-2 from A/A-1 and placed them on CreditWatch with negative implications.
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