Industry News
-
Iran, Qatar to team up to build plant
Wednesday, March 10 2010
Khalid bin Mohamed al-Attiyah, Qatar's state minister for international cooperation and conferences, has announced that Qatar and Iran have agreed to build a joint electric-board manufacturing...
-
El Sewedy's '09 net income drops 24%
Tuesday, March 9 2010
The Middle East's biggest publicly traded cable manufacturing firm, El Sewedy Cables Holding Co has announced its full-year unaudited profit fell 24% on increased administration and...
-
Lecico's Q4 profit rises 90%
Tuesday, March 9 2010
Egypt-based ceramics manufacturer Lecico has reported a 90% surge in Q4 2009 net profit to EGP28.7m ($5.2m), compared to the same period a year ago, Reuters has reported. Revenue also rose by 14%...
-
Ajwa Food Industries to raise $182m in rights issue
Monday, March 8 2010
Egypt-based Ajwa Food Industries has said it will begin an EGP999m ($182.1m) rights issue on March 29 to finance investments and expansion, Reuters has reported. The rights issue, which ends on...
-
Tabreed posts $305m loss
Monday, March 8 2010
National Central Cooling, the UAE-based refrigeration company known as Tabreed, made a Dhs1.12bn ($305m) loss due to finance costs, Bloomberg has reported. The company made a profit of Dhs72m in 2008.
-
Wadi Cement to raise capital
Monday, March 8 2010
Egypt's El Wadi Cement is increasing its capital as it moves to join a thriving building materials market, al-Mal newspaper has reported. El Wadi will boost its paid-in and issued capital from...
-
Saudi Bio-acids to set up citric acid plant
Sunday, March 7 2010
Saudi Bio-acids Co has announced plans to set up a citric acid plant in the west of the kingdom, Reuters has reported. Production will start with more than 20,000 metric tonnes of citric acid,...
-
NIPC plans to export excess urea
Sunday, March 7 2010
Abdolhosain Bayat, managing director of National Iranian Petrochemical Co (NIPC) has said that the firm plans to obtain the required licences to export its excess urea production, official news...
-
Tabriz Petrochemical posts $55m polymer exports
Saturday, March 6 2010
Iran's Tabriz Petrochemical Co has exported some 51,000 tonnes of polymer products, worth $55m, in the 11-month period which ended February 19, 2010, Mehr news agency has reported. Turkey,...
-
Juffali inks Dow Saudi polyol plant deal
Thursday, March 4 2010
Saudi-based E. A. Juffali and Brothers has signed a partnership agreement with Dow Formulated Systems, a global business unit of the Dow Chemical Co, to set up a manufacturing plant for the...