Emirates Steel increased its finished products production by 17.5 per cent in 2010 over the previous year.
Emirates Steel production jumps
Technology
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-.
Egypt's industry leaders promise not to lay off workers in the industry sector
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A meeting held by the Minister of Trade and Industry, Dr. Samiha Fawzy, and the Federation of Egyptian Industries (FEI), which represents all the industrial sectors in Egypt, agreed to a number of guarantees for Egyptian workers in the industrial sector.
Kingdom of Bahrain ratings lowered on heightened political risk
Standard & Poors Ratings Services lowered its long- and short-term sovereign credit ratings on the Kingdom of Bahrain (Bahrain or the Kingdom) to A-/A-2 from A/A-1 and placed them on CreditWatch with negative implications.
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