Gulf Cement Company nine-month profit surges
UAE-based Gulf Cement Company registered 62 per cent growth in its net profit to AED73.9m (US$ 20.1m) for the first nine months of 2014, the company said in a statement to Abu D...
Uae
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Fujairah factory operations suspended for environmental violations
The UAE’s Ministry of Environment and Water (MoEW) has ordered the suspension of operations at a cement factory in Fujairah for one month due to violations of Cabinet Resolution...
Dubai to acquire interest in Dangote Cement
Investment Corporation of Dubai (ICD), the main investment arm of the Emirate of Dubai, has agreed to purchase a minority interest in Nigeria's largest cement manufacturer, Dang...
UCC first-half net profit surges, UAE
Union Cement Company (UCC) net profit surged 181 per cent to AED59.4m (US$988,165) in the first half of 2014 compared to AED21.15m in 1H13. In its statement to the Abu Dhabi Sec...
RAK Cement swings to first-half net profit, UAE
Preliminary first-half results for Ras Al Khaimah Cement (RAK Cement) show that the UAE-based producer achieved a net profit of AED3.2m (US$871,198) compared to a loss of AED1.6...
Union Cement first quarter net profit jumps, UAE
Union Cement Co posted a AED18.2m (US$5m) profit for the first quarter of 2014, a 220 per cent increase compared with AED18.2m a year earlier. Revenues for the first quarter dec...
Fujairah Cement profit hit by weaker prices
UAE-based producer Fujairah Cement recorded a AED12m (US$3.3m) loss last year as a weaker pricing environment affected revenue despite higher sales.
Cemtech Middle East & Africa underway
Cemtech Middle East & Africa 2014, the leading international cement conference and exhibition series, has opened in Dubai in front of an audience of over 270 senior industry del...
Oman seeks anti-dumping measures
UAE cement producers have defended their export levels to Oman after Raysut Cement Company calls for anti-dumping measures to be put in place to restrict imports from the neighb...
Raysut sales ease in first nine months, Oman
Raysut Cement, the leading cement producer in Oman, reported a rise in pretax profit for the first nine months of 2013, but sales eased due in part to competition from neighbour...