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.
Business & Management
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.
Deal signed for Syrian plant
Cemena Holding Company, a Middle East and North Africa (Mena)-based cement holding company, yesterday said it has signed an agreement with Sinoma CBMI Construction Company Ltd., a subsidiary of Sinoma Group, to commence construction of a cement plant in Syria.