Aramex expects good Q4 results
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.
Technology
Mubadala inks transport technology deal
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 production jumps
Emirates Steel increased its finished products production by 17.5 per cent in 2010 over the previous year.
Lafarge on CreditWatch negative on high exposure to Middle East
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.
Libya's long-term ratings lowered on elevated political risk
Standard & Poors Ratings Services lowered its long-term sovereign credit rating on the Socialist Peoples Libyan Arab Jamahiriya (Libya) to BBB+ from A-.
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