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 increased its finished products production by 17.5 per cent in 2010 over the previous year.
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.
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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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.
