Saudi cement producer Qassim Cement Co (QCC) posted a SAR158.4m (US$42.2m) net profit for the first quarter of 2012 up from SAR147.2m a year ago. The company attributed the increase to a rise in sales but did not provide any exact figures.

UK-EU summit signals ETS alignment intent, but no convergence yet
The recently-concluded UK-EU summit is being widely heralded as a step forward in post-Brexit co...