Drake & Scull International (DSI), reported net profit of US$4.1mn for the fiscal year ended December 31, 2010 and recorded US$503mn in revenue for the same period.

Saudi Electric Supply Company (SESCO) is looking to strengthen its presence in the GCC and the company?s general manager believes markets in the region will see an upturn this year.

France Telecom announced that it is acquiring a stake in Iraqs third-largest mobile phone operator Korek Telecom.

Jordan revised its 2011 budget which saw state spending increase to US$8.9 billion to cover higher welfare costs.