Sharjah Cement 1Q profit edges ahead
UAE-based Sharjah Cement and Industrial Development Co registered a YoY rise of 1.75 per cent in 1Q17 profit. Earnings totalled AED11.6m (US$3.16m) in 1Q16 compared with AED11....
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UAE: Fujairah Cement to pay AED 21.35m dividends
UAE-based Fujairah Cement Industries Co on Thursday approved the recommendation of distributing six per cent of the capital as cash dividends for fiscal year 2016. The compan...
Cemtech MEA 2017
Delegates from over 30 countries, including all of the Gulf Cooperation Council’s member states, gathered in Dubai, UAE, between 19-22 February for this year’s Cemtech Middle E...
Arkan to close UAE factory
Building materials industrial conglomerate Arkan has announced its decision to permanently close its Emirates Cement Factory (ECF) in Al Ain, Gulf Digital News has reported. ...
UAE: Arkan testing hazardous waste recycling
Emirates Global Aluminium (EGA) and Arkan have agreed a test project which will see hazardous waste material from smelting pots recycled for use as cement kiln fuel. EGA is the...
UAE: Arkan’s profits fall by 25% in 2016
Arkan Building Materials has seen its annual profits fall by a quarter to AED75.7m (US$20.6m), according to reports in Construction Week Online. The company, which is the UA...
UAE: Sharjah Cement sees 20% fall in 4Q profits
Sharjah Cement and Industrial Development Co reported a 20 per cent YoY decrease in profits for 4Q16. Profits declined from AED24.52m (US$6.68m) in 4Q15 to AED1958m in 4Q16. ...
GCC: capacity outpaces demand
With oil prices forecast to remain at the lower end of the scale, Gulf Cooperation Council countries reassess their needs. A heightened focus on economic diversification drives...
UAE: Fujairah sees profit 12% rise in 2016
Fujairah Cement saw a 57.3 per cent drop in its profits during the 4Q16, according to a bourse filing. Profits fell to AED11.07m (US$3m) in 4Q16 from AED25.95m in 4Q15. Howev...
UAE: Ras Al Khaimah hit by cement plant emissions
The Environment Protection and Development Authority (EPDA), has launched an investigation into dust clouds and emsisions from the Ras Al Khaimah cement factory following obser...