Building on diversification Premium
Kuwait has seen its economy heavily impacted by the crisis in oil prices, a lack of diversity and the COVID-19 pandemic. A lack of investment in infrastructure has further seen ...
Hilal Cement
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Suez Cement looks to sell stake in Hilal Cement
Egypt’s Suez Cement has decided to place its 51 per cent stake in Kuwait-based Hilal Cement up for sale, according to a statement to the country’s stock exchange. Elsewhere, the...
Hilal net profit edges ahead, Kuwait
Kuwaiti cement producer Hilal Cement net profit reached KWD518,500 (US$1.8m) for 2013, up 3.6 per cent from KWD500,500 a year earlier, the company said in a bourse filing. The t...
Hilal Cement’s net profit drops, Kuwait
Hilal Cement’s net profit dropped to KWD 295,166 (US$1m) for the first half of 2012 from KWD808,427 a year earlier, the company said in a bourse filing. The company reported ear...
Italcementi wins supply contract for mega Kuwait infrastructure project
Italcementi Group will be one of the suppliers for the Jamal Abdul Nasser Street Project, part of a mega infrastructure project in Kuwait City. This is being developed by the Ri...
Hilal Cement boosts net profit, Kuwait
Hilal Cement of Kuwait reported a surge in net profit to KWD1.22m (US$4.4m) for 2011 from KWD714,937 a year earlier. Earnings per share for the cement producer were 17 fils comp...