Kuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year earlier. The cement producer reported earnings per share (EPS) of ...
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Islamabad: Pakistan cut interest rates by a greater-than-forecast 1.5 percentage points, seeking to bolster faltering growth with the first reduction since 2011 after inflation slowed to a more than two-year low. The State Bank of Pakistan ...
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The Abu Dhabi market index ADXGI gained 0.14% to close at 2, 514.45 points. While Etisalat (off 0.44%) weighed on the gauge, Aldar Properties (up 0.82%) supported the measure, gaining Gulf Cement Company reported a 99% increase in half-year ...
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Union Cement Company, the UAE-based supplier of cements to various MENA markets, witnessed a return to profit in the six months to June 30 as it reversed a $2.4m loss in 2011 into a $5.6m profit. The company attributed the profits increase ...
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The Abu Dhabi market measure ADXGI slipped by a quarter percentage point to 2, 504.76 points. Ras al-Khaima-based Union Cement Co. Or UCC jumped 9.41% to hit Dhs093. Earlier in the day, UCC said its net profit attributable to owners of the ...
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The Southern Province Cement Company has signed a $26m contract with a Finnish power firm that will allow it to expand its plant in Jazan. Southern Province s chairman, HH prince Abdullah bin Mosa ad bin Abdulrahman Al- Saud, signed the ...
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The Abu Dhabi market gauge ADXGI advanced 0.62% to reach 2, 485.51 points. Real estate bellwether Aldar Properties was the most acive share by volume and gained 0.90% to close at Dhs1.11. Ras al-Khaima (RAK) Cement Company ended flat at ...
Tags: market view, cement
The price of cement may remain high, as the promise by producers to bridge the supply-demand gap may take a some time to materialise. A study by Vetiva Capital Management, said Dangote Cement s new Obajana lines and upgrade, commissioned in ...
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The Tadawul All-Share Index fell 0.60% Sunday to close at 6, 662.96 points as bellwether share Sabic dived 1.73% to hit a 16-month low at SR85.25. Shares of Southern Province Cement Company add 1.73% to reach SR102.75. Earlier in the day, ...
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CEMENA Holding Company, a Bahrain-based building Material company focusing on the Middle East and North Africa (MENA) established in 2008 by Gulf Finance House (GFH) who remains a major shareholder in the company, held its Annual General ...
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Citadel Capital has announced that ASEC Cement is continuing with capacity expansion plans at the Zahana plant in Algeria following completion of an overhaul at the Zahana Cement Company. ASEC is also due to begin commissioning at a new ...
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Arabian Cement Company (ACC) recently participated in an event hosted by Hope Village Society to showcase current progress of their development. Jose Maria Magrina, ACC CEO, attended the event to reiterate ACC s support to the Hope Village ...
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Italian cement maker Italcementi said on Friday it has agreed to acquire a stake in West China Cement as the group moves to strengthen its position in the world s largest building materials market. In a statement on Friday Italcementi said ...
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Saudi Cement Company rose to the highest in more than three years after the producer of the building material said cement companies are in talks to sell as much as 600, 000 tonnes of extra clinker supplies. The shares advanced 1.8 per cent ...
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Yanbu Cement has posted an impressive increase in net profits for the latter half of 2011 as demand for raw materials increases in Saudi Arabia. Yanbu Cement Company, based in the Red Sea port town that gives the company its name, produces ...
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