Business & Management

Jordan?s 2011 budget deficit falls

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

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.

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.

Egypt ratings lowered on continuing unrest

Standard & Poors 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.

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.