Saudi Arabias King Abdullah unveiled additional financial support measures in mid March estimated to cost SR350 billion (US$93 billion). An estimated SR135 billion (US$36 billion) worth of measures were announced at the end of February.
Qtel has completed its expansion programme for 2011 which has resulted in Qtel Data Centre receiving a major upgrade.
Standard & Poors Ratings Services it has lowered its long- and short-term local and foreign currency sovereign credit ratings on the Kingdom of Bahrain to BBB/A-3 from A-/A-2.
Etisalat, a major operator in the Middle East and North Africa region, reported that its data roaming traffic in 2010 jumped by 200 per cent as businesses and consumers access an increasing number of advanced services when travelling.
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.
