Swiss structured cabling specialist, Reichle & De-Massari (R&M), has announced its most recent financial performance figures for 2010, where the Middle East and Africa emerged as its most successful regions. Despite the uncertain economic climate, R&M recorded an impressive 16 per cent growth rate for the first half of the year and was able to extend its regional market leadership in the passive cabling domain.
Technology
Cash-strapped Syria secures loans from Turkey
Turkey has offered US$247 million in loans to Syria to fund infrastructure projects, the Syrian finance minister has announced.
UAE investing billions in Iraq
Abu Dhabi companies have invested in US$66-billion worth of developments in Iraq after major signs of support from the UAE government for the war-torn nation, reports The National.
Siemens in QSTP agreement
Siemens announced plans to launch a development centre in Doha, Qatar, marking a major move for the company in its drive to develop local access to specialist technology and engineering disciplines. The centre will be hosted at Qatar Science & Technology Park (QSTP), a home for technology-based international companies and part of the Qatar Foundation.
p>Siemens announced plans to launch a development centre in Doha, Qatar, marking a major move for the company in its drive to develop local access to specialist technology and engineering disciplines. The centre will be hosted at Qatar Science & Technology Park (QSTP), a home for technology-based international companies and part of the Qatar Foundation.French FDI in UAE increases ten-fold
French foreign direct investments (FDI) in the UAE have grown ten times in the past decade, reaching US$3.6 billion in 2009, accounting for 35 per cent of the total French FDI in the Middle East. French civilian exports to the UAE have tripled between 1998 and 2009 reaching US$4.9 billion, according to data by Invest in France Agency (IFA), a body for promoting and facilitating international investment in France.