Standard & Poors Ratings Services it has lowered its long- and short-term local and foreign currency sovereign credit ratings on the Kingdom of Bahrain to BBB/A-3 from A-/A-2.
Etisalat, a major operator in the Middle East and North Africa region, reported that its data roaming traffic in 2010 jumped by 200 per cent as businesses and consumers access an increasing number of advanced services when travelling.
A recent survey showed that companies in the Middle East remain reluctant to fully implement sufficient risk management policies despite the negative effects the global economic crisis had on corporate companies that did not have proper risk strategies in place.
Tekla, the 3D modeling software provider launched a new advanced free application for building information model-based project communication and cooperation.
Aggreko reported record profits for 2010 but stated that unrest in the Middle East region added significant uncertainty to its outlook for 2011.
