Industry News
-
Oman Cement's net profit rises in H1
Tuesday, July 27 2010
Oman Cement Co has said its net profit for the first half of 2010 rose to OR18.285m, against OR11.179m during the corresponding period of 2009, Oman Daily Observer has reported. Fierce competition...
-
Chemweyaat to move planned petrochem plants to Western Region
Monday, July 26 2010
Abu Dhabi National Chemicals Co (Chemaweyaat) has abandoned plans to develop units at Khalifa Port and Industrial Zone (KPIZ) and will move all of its 12 planned joint venture petrochemicals...
-
Omani, Indian firms in Sohar smelter JV
Monday, July 26 2010
Al Tamman Indsil Ferrochrome, a 50-50 joint venture of Oman's Al Tamman Trading Establishment and the Indsil Group of India, plans to develop the Sultanate's first ferrochrome smelter,...
-
Oman's Raysut Cement cuts prices
Sunday, July 25 2010
Oman's biggest cement producer, Raysut Cement Co has reduced its cement selling prices, mainly due to severe competition from neighbouring UAE-based companies, Times of Oman has reported. "In...
-
Dubai International gets financing for Almatis
Sunday, July 25 2010
Dubai International Capital, which is seeking to retain its control of German alumina producer Almatis, has secured $535m of underwritten debt financing that would help repay lenders of Almatis,...
-
Aamal posts 7.3% profit rise
Saturday, July 24 2010
Qatari diversified industrial conglomerate, Aamal has posted a 7.3% growth in net profit before fair value gains on investment properties to QR109.6m in the first half of this year, compared to...
-
Agthia to enter processed fresh fruit segment
Saturday, July 24 2010
Abu Dhabi-based Agthia Group has announced plans to enter the processed fresh fruit and vegetable segment. The company will set up a new production facility within its existing Al Ain Vegetable...
-
Sabic's sales growth slows
Thursday, July 22 2010
Saudi Basic Industries (Sabic), the world's biggest chemicals maker by market value, has said that sales growth had slowed in the second quarter as prices for its products fell, Reuters has...
-
Suez Cement posts $134m profit in H1
Thursday, July 22 2010
Egypt's Suez Cement, a subsidiary of Italcementi, has posted consolidated first-half net profit of EGP766m ($134m), unchanged from last year, Reuters has reported. The cement maker also said...
-
Nama Chemicals reports profits increase
Wednesday, July 21 2010
Saudi-based Nama Chemicals has posted SR10.6m ($2.8m) in net profit during the three months ending June 30, compared to a net loss of SR3.3m in the second quarter of 2009. The company attributed...