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o Currently, IFC has about $2 billion in annual commitments in the Middle East, while total investment portfolio in the region is about $4 billion.
ON had lowered its 2009 net profit forecast by 10 percent, and said it would cut investment spending by six billion euros by 2011, bringing the average annual commitment to 10 billion euros.
The Chedi Muscat was awarded for its 'commitment to quality' for the Middle East and Africa region at the seventh annual Commitment to Quality Awards held during the annual convention of the Leading Hotels of the World in Boston.
 
 
 
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