Standard & Poors Ratings Services placed its A/A-1 long-term and short-term local and foreign currency ratings on the Sultanate of Oman (Oman) on CreditWatch with negative implications.
Aramex, UAEs courier firm, expects fourth-quarter profit growth to be in line with the rest of 2010 but the company does anticipate a tough 2011 as inflation starts to bite.
Mubadala Development Co., the Abu Dhabi-based investment firm, and Indra, a Spanish technology company, have signed an agreement for the development of technology to improve traffic and transport systems in Abu Dhabi.
Emirates Steel increased its finished products production by 17.5 per cent in 2010 over the previous year.
Standard & Poors Ratings Services has placed its BBB-/A-3 long- and short-term corporate credit ratings on France-based building materials group Lafarge S.A. on CreditWatch with negative implications.
