Dubai's 2011 deficit cut to US$1 billion
Dubais government approved a 2011 budget that sees the budget deficit cut to US$1 billion due to the authorities continuing to cut spending.
Technology
Saudi reaching out with more
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 Data Centre expansion programme complete
Qtel has completed its expansion programme for 2011 which has resulted in Qtel Data Centre receiving a major upgrade.
Ratings on Bahrain lowered on worsening political situation; watch negative remains
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?s roaming date traffic increased by 200 per cent in 2010
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.
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