Raysut Cement 1H loss widens
Oman-based Raysut Cement posted a total revenue of OMR31.6m (US$82.1m) in the first half of 2024, representing a 5.7 per cent decline when compared with OMR33.5m in the year-ag...
Middle East
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Iranian cement rebounds in May
Iranian cement sales rebounded in May to come in at 6.240Mt, up from 4.051Mt a month earlier and up 7.2 per cent YoY from 5.820Mt in May 2023, according to the Iranian cement a...
Ras Al Khaimah White Cement becomes a subsidiary of UltraTech Cement Middle East
Following UltraTech Cement Middle East Investments Ltd' s (UCMEIL) partial cash offer for acquiring shares (25 per cent) of Ras Al Khaimah Co for White Cement (RAKW) and Con...
Amran Cement Factory to be modernised
Chairman of the Board of Directors of the Yemeni General Corp for Cement Industry and Marketing , Yahya Atifa, has reviewed the progress of production work at the 2Mta Amran ...
UltraTech proposes reduced cash offer for RAK White shares
The UAE Securities and Commodities Authority has approved the strategic decision of Aditya Birla Group -owned UltraTech Middle East Investment’s regional operations. This deci...
Hoffman Green announces the construction of first Saudi unit
Hoffman Green Cement Technologies, a global cement company committed to the decarbonisation of the construction sector, has announced the construction of its first unit...
April disappoints for Iran cement but YtD robust
Iranian cement sales came in at 4.051Mt in April, down 10 per cent YoY from 4.5Mt a year earlier, according to the Iranian cement association. Producers manufactured 4.676Mt of...
Strong cement sales cool oversupply concerns in Iran
Iranian cement sales came in at 5.75Mt in March, down two per cent from 5.87Mt a year earlier, according to the Iranian cement association. Producers manufactured 4.676Mt o...
UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement
UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Ceme...
Najran Cement net 1Q profit drops 26%
Saudi Arabia-based Najran Cement Co saw a 3.9 per cent decline to SAR138.12m (SAR36.83m) in the 1Q24 from SAR143.68m in the 1Q23. The company’s net profit saw a 25.7 per ce...