Industry News
-
Egypt to start cement bid process by mid-2010
Wednesday, February 10 2010
Egypt's Industrial Development Authority has said it aims to start an international bidding process to grant cement licences by the middle of this year, Reuters has reported. 'We're...
-
Qatar Cement profit rose 0.8% in 2009
Wednesday, February 10 2010
Qatar National Cement has announced that its full-year net rose 0.8% to QR417m ($114.6m). The company will pay a dividend of QR6 per share for 2009, Bloomberg reported.
-
Mideast polyethylene production to grow
Tuesday, February 9 2010
A new report by Global Markets Direct estimates that polyethylene production capacity in the Middle East will increase by 11.5m tonnes by 2015. The 'Future of the Polyethylene Industry to...
-
Qurain Petrochemicals' '09 profit up 226%
Monday, February 8 2010
Kuwait-based Qurain Petrochemicals Industries Co has posted a net profit of KD7.098m ($24.8m) for the year ended December, 31, 2009, up 226% from the loss of KD5.6m ($19.6m) of 2008. The...
-
Omani cement maker to bid for Star Cement
Monday, February 8 2010
Oman's biggest cement-maker by market value, Raysut Cement Co, plans to make a bid to acquire Star Cement Group of Companies, Bloomberg has reported. Star Cement consists of a clinker...
-
GE, Al Tamimi in heat exchanger JV
Sunday, February 7 2010
Saudi-based Ali Abdullah Al-Tamimi Co has formed a joint venture with GE Oil and Gas to manufacture air-cooled heat exchangers in the kingdom for use in the oil and gas industry, Arab News has...
-
Faqeeh Poultry to invest SR3bn in expansion
Sunday, February 7 2010
Saudi Arabia's Faqeeh Poultry Farms, the world's largest individually-owned poultry farm, has announced plans to invest more than SR3bn, as part of a plan to boost production over the...
-
Yanbu to distribute 2009 dividend
Sunday, February 7 2010
Saudi Arabia's Yanbu Cement Co has announced that shareholders will receive a SR3 dividend for 2009, Reuters has reported. The total dividend payout, which will be paid after a...
-
Dubal posts aluminium sales up by 8.7% in 2009
Saturday, February 6 2010
State-owned Dubai Aluminium Co (Dubal) has reported an 8.7% rise in year-on-year sales for 2009, on higher regional demand, Reuters has reported. Dubal sold 1 million tonnes of aluminium in 2009,...
-
National Marine okays $107m bond offering
Thursday, February 4 2010
A plan to offer Dhs391.5m ($107m) in convertible bonds has been approved by the board of the UAE-based National Marine Dredging Co, Bloomberg has reported. The bonds will be converted at Dhs7.83...