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Saudi stocks surge to four-week highSaudi stocks surged to a four-week high helped by gains in petrochemicals stocks with the kingdom's benchmark all-share index closing up 0.2 per cent at 7,220.42 points, its highest level since April 13. The banking index clos More… |
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Saudi soars on banking, cement stocksSaudi shares rose on Saturday, buoyed by stock in banking, cement, tourism and agriculture companies. The petrochemical index, seen as one of the most important, declines. The all-share index rose 0.31 per cent to 7,143 points, wh More… |
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Saudi King orders import of 10m tonnes of cementSaudi Arabia's King Abdullah has ordered the import of 10 million tonnes of cement to end a shortage in the country, the Saudi Press Agency reported on Tuesday. King Abdullah wants three to More… |
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Saudi Cement's Q4 profit up 31pcSaudi Cement Company made a net profit of SR277.7 million ($74 million) in the final three months of 2012 compared to SR211.4 million during the same period the previous year boosted by higher local demand. The company posted a be More… |
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Abu Dhabi building material prices downThere was a major drop in the prices of various materials used in the construction industry in Abu Dhabi retail market in November compared to the same period last year, said a report. Varying changes were reported in the average More… |
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French groups to sell $452m UK assets to MittalCement maker Lafarge and miner Anglo American have agreed to sell British assets for up to £285 million ($452 million) to Indian steel tycoon Lakshmi Mittal, thus clearing the way for a building materials joint venture in the country. More… |
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Minya cement plant to start output in AprilThe Arab National Cement Company’s (ANCC) $360 million cement plant in Minya will start full production in April 2013. The cold run phase of the state-of-the-art greenfield project is now More… |
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Dubai Group 'eyes stake sale in Lafarge venture'Dubai Group is in talks to sell its 45 per cent stake in a joint venture firm with cement maker Lafarge, two sources familiar with the matter said, as the state investment vehicle sells assets to repay its $10 billion debt pile. L More… |
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FLSmidth gets Egypt dealDanish engineering group FLSmidth & Co said on Monday it had received an order from the Egyptian National Cement Company for operation and maintenance of two production lines in Cairo. FLSmi More… |
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Bahrain 'taking steps to ensure cement supply'Bahrain Industry and Commerce Minister Dr Hassan Fakhro said the government was taking all concrete steps to meet the Kingdom's cement demand through co-ordination with parties concerned, including those outside, particularly in Saudi. His More… |
