Middle East cement news

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Saudi monthly sales up 39% YoY

Saudi Arabia's cement sales rose 39 per cent YoY to 5.09Mt in November 2014 from 3.65Mt in November 2013, according to statistics published by Saudi cement producer Yamama Ceme...

Omani producers face hike in natural gas prices

Oman’s two leading cement producers are looking to mitigate the effects of an impending rise in natural gas prices which are expected to lead to an increase in the cost of ceme...

Kuwait Portland Cement 9M14 net profit up 32% YoY

Kuwait Portland Cement’s net profit increased by 32 per cent in the first nine months of the year to KWD8.64m (US$29.7m) from KWD6.57m a year earlier, the cement trader said in...

Hilal Cement Co net loss widens, Kuwait

Kuwait-based cement producer Hilal Cement Co widened its third-quarter net loss to KWD204,435 (US$704,706) from KWD17,250 during the same period of the year before. The loss wa...

Yanbu Cement 3Q profit up 16.4%, Saudi Arabia

Saudi-based Yanbu Cement net earnings grew by 16.43 per cent YoY in the third quarter of 2014 to SAR163m, but declined by 32.37 per cent compared to 2Q14. The company said th...

Iran to increase cement exports to Iraq

Iraq has agreed to increase the volume of cement exports from Iran, a senior trade official has said. "As of September 1, each (Iranian) company can export 15,000t of cement i...

Iran exports exceed 8Mt in first five months

Iran exported over 8Mt of cement in the first five months of the Iranian calendar year, according to the country's cement industry body. Abdolreza Sheikhan, secretary of Iran...