The Saudi bank, NCB Capital (NCBC), has released a new report on Sahara Petrochemical Company. NCBC expects Saharas Al Waha project to start commercial operations in Q2 2011 and argues that the start up will be a positive trigger for the companys stock.

Standard & Poors Ratings Services  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.

Emerson Process Management announced the launch of the new Raptor tank gauging system.

The Saudi bank, NCB Capital (NCBC), released a new report on Yanbu National Petrochemical Company (Yansab) stating that the Saudi petrochemcial company is expected to benefit from full year contribution of its production, supported by higher petrochemical prices.