Raysut Cement Company announced that it saw a 27.7 per cent fall in net profit at US$53.8mn for last year, due in part to a big fall in sales.

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).

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 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.

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'.