A recent survey showed that companies in the Middle East remain reluctant to fully implement sufficient risk management policies despite the negative effects the global economic crisis had on corporate companies that did not have proper risk strategies in place.
Technology
Tekla launches BIMsight
Tekla, the 3D modeling software provider launched a new advanced free application for building information model-based project communication and cooperation.
Aggreko posts record profits
Aggreko reported record profits for 2010 but stated that unrest in the Middle East region added significant uncertainty to its outlook for 2011.
Masdar scraps plan to manufacture solar panels
Masdar, the Abu Dhabi governments clean energy company, has scrapped plans to manufacture solar panels in the UAE because of a lack of domestic demand.
Indian company looks to expand into Middle East
Elina Networks, a Bangalore based networking and IT management solutions company, is expanding its presence in 2011 into the Middle East and Africa.