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).
Jordan?s 2011 budget deficit falls
Technology
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.
Cost-effective in Saudi Arabia
Through a partnership with Saudi Telecom Company (STC), BT announced it has made it easier and more cost effective for multinational companies in Saudi Arabia to connect to their international operations by launching a local Point of Presence (PoP) of its global Multi-Protocol Label Switching (MPLS) network.
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.
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