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ME steel consumption on the riseThe Middle East region is set to buck the global trend of a drop in steel consumption and rebound to a growth of 5.7 per cent in 2012 following a 2 per cent contraction in the previous year, a report said. The global growth foreca More… |
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Alba sets new production record in 2012Aluminium Bahrain (Alba) achieved a major landmark in 2012 netting the highest metal production in its 41-year history with an output of 890,217 metric tonnes compared to 881,310 mtpa achieved in 2011. A ceremony was held at the H More… |
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Industries Qatar Q1 net down 9.5pcPetrochemicals and metals company Industries Qatar (IQ) posted a 9.5-percent dip in first-quarter net profit on Thursday on declining petrochemical revenue but beat analysts' expectations thanks to strong fertiliser and steel sales. The Gu More… |
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Gold inches up as buyers trickle backGold edged higher on Friday as buyers slowly returned to the market, lured by Wednesday's plunge of 5 percent, although bullion is still looking at its worst week since December. US Federal Reserve Chairman Ben Bernanke's lack of a referen More… |
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Alba hits record metal production in 2011Aluminium Bahrain (Alba), one of the world's largest aluminium smelters, said it has achieved the highest metal production in its 40-year history in 2011 with 881,310 metric tonnes, a substantial leap from 850,700 mtpa achieved the previous ye More… |
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Gold weakens after Fitch warningGold prices fell as much as 0.8 percent on Monday, extending their biggest weekly loss in nearly three months last week, after rating agency Fitch's warning on the possibility of downgrading France. Fitch Ratings warned it may downgrade Fr More… |
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Jafza building materials firms post 14pc growthSteel, metal and building material companies based in Jafza generated trade worth Dh12.26 billion ($3.38 billion) in 2010 registering a growth of 14 per cent last year in comparison to Dh10.75 billion in 2009. The figures reflect More… |
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Jafza building materials firms post 14pc growthSteel, metal and building material companies based in Jafza generated trade worth Dh12.26 billion ($3.38 billion) in 2010 registering a growth of 14 per cent last year in comparison to Dh10.75 billion in 2009. The figures reflect More… |
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Gold firms as Greek debt fear returnsGold prices firmed on Wednesday, riding on renewed safe-haven demand as fears about Greece's debt crisis returned after its government shocked the markets with a call for a referendum on a European Union aid deal. Greek Prime Minister Geor More… |
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Gold jumps 3pc on physical buying, soft dollarGold prices rose more than 3 percent on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses. Prices dropped more than $120 an ounce in Asian trading hours on Monday, an unprecedented intraday fall More… |
