Raysut Cement scoops Best Employer Brand awards
Raysut Cement Company (RCC) has picked up seven awards and two Best Employer Brand Awards, one focussed on Oman companies and the other on GCC corporate entities. RCC’s CEO,...
Middle East
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Saudi Arabia saw cement sales rise 17% in November
Cement sales in Saudi Arabia increased 16.5 per cent YoY to 4.75Mt in November 2020, driven by the Ministry of Housing’s programmes, according to NCB Capital Co. On a monthl...
Iran's cement exports fall 24% YoY
The value of Iran’s cement exports in the first seven months of the current Iranian calendar year (20 March-21 October) reached more than US$163.4m, down 11 per cent compared t...
Riyadh Cement completes record kiln operation
Saudi Arabia-based Riyadh Cement Co has completed its longest kiln operation without interruption with 70 days of continuous operation (1676.67h) without any single minute int...
Gulf Cement Co approves capital reduction
The ordinary general meeting of UAE-based Gulf Cement Co has approved a 50 per cent capital reduction to AED410.55m (US$111.79m) from AED821.1m, as a result of the company’s ac...
Sharjah Cement signs SRF supply contract
UAE-based Sharjah Cement Factory has signed a contract with Bee'ah, a leading environmental management company, for the supply of alternative fuel from Bee’ah’s SRF plant. A...
Al Akaria sells stake in Hail Cement
Saudi Arabia’s Al Akaria, a real estate company, has sold its entire stake in Hail Cement Co at a value of SAR96.9m (US$25.84m). The company had a stake of 6m shares and made ...
Cement production rises in Qatar
Qatar’s Industrial Production Index for September 2020 declined 7.7 per cent YoY and 3.9 per cent compared to August 2020, according to the Planning and Statistics Authority. ...
Iran's cement production rises 14% YoY
Iran's cement production in the first six months of the year (starting in March 2020) rose 14.4 per cent YoY to 35.63Mt, compared with 31.15Mt in the year-ago period, according...
Sharjah Cement sees 25% decline in revenue
UAE-based Sharjah Cement has posted a net loss of AED47.9m (US$12.9m) in the first nine months of 2020, compared to a profit of AED2.8m in the corresponding period of last year...