Volatility came to a standstill on Thursday in Riyadh, as the Tadawul All-Share Index closed 0.04% higher at 8,017.77. The gauge s relative strength, MACD and Bollinger bands indicate that investors are currently quite comfortable with ...
Tags: Construction, Decoration
Najran Cement Company has said that its profits for the second quarter of 2013 increased by 140% year-on-year to $17.3m, while profits for the half year were up by 41% to $40.3m (SR: 151.2m). The company said the reason for the ...
Tags: Construction, Decoration, Cement
Major infrastructure projects and extensive plans to galvanise residential construction have fuelled demand for building materials in Saudi Arabia, prompting the government to intervene in the cement market for the second time in as many ...
Tags: Cement, Construction, Decoration
Tabuk Cement Co has announced that it has been refused the fuel needed to operate its new second line. The company has been informed by Saudi Arabia s Ministry of Petroleum and Mineral Resources that it will not receive the fuel needed to ...
Tags: Tabuk Cement, Fuel
Tabuk Cement co has announced that it has signed an agreement to set up a second production line and a new power plant. The firm s chairman, Khaled bin Saleh Shathry, signed a deal with Chinese firm CDI worth $141m (SR: 531.5m) to design, ...
Tags: Construction, Cement