Through a partnership with Saudi Telecom Company (STC), BT announced it has made it easier and more cost effective for multinational companies in Saudi Arabia to connect to their international operations by launching a local Point of Presence (PoP) of its global Multi-Protocol Label Switching (MPLS) network.
Middle East investors helped to spark a 40 per cent increase in commercial property transactions in the past year in Europe, Middle East and Africa (EMEA), says a Jones Lang LaSalle report.
Standard & Poors Ratings Services lowered its long-term foreign currency sovereign ratings on the Arab Republic of Egypt to BB from BB+, and its long- and short-term local currency ratings to BB+/B from BBB-/A-3.
Fujitsu Technology Solutions has appointed Yaman Abosaleh as Director, Sales and Operations in Saudi Arabia. Abosaleh takes on the responsibility for strategy development and implementation, and will drive Fujitsus enterprise business in the Kingdom.
Higher crude prices and output will likely boost the combined nominal GDP of Gulf oil producers to a record high of more than US$1.1 trillion in 2011 while their economies could fully recover within two years, a semi official study has said.
