Tuesday 26 July 2016

Saudi Cement Q2 net profit slips 2pc

Saudi Cement met analysts' estimates as it reported a 2 per cent decline in second-quarter net profit on Monday due to a drop in sales and rising power costs. One of the kingdom's largest cement firms by market value, it made a net profit in the three months to June 30 of


Qurain Petrochemical announces $16.5m net profit

Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced a net profit of KD4.98 million ($16.5 million) for the first quarter of the financial year 2016/2017. This year’s results compares favourably to a net profit of KD4.22 million ($13.9 million) posted d


Key Oman business delegation visits London

An Omani business delegation will visit London, UK, with the aim of attracting UK waste management and logistics companies to set up offices in the sultanate, helping them reach out to the fast growing economies of the Gulf, Iran and East Africa. The delegation led by Ithraa, the


Sabic, ExxonMobil mull petchem JV in US

Sabic and an affiliate of ExxonMobil Corporation (ExxonMobil) are considering the potential development of a jointly owned petrochemical complex on the US Gulf Coast.    If developed, the project would be located in Texas or Louisiana near natural gas feeds


Saudi food consumption to grow by 7.3pc

Food consumption in Saudi Arabia will grow by 7.3 per cent in 2016, outperforming other regional markets, according to recent industry reports. Saudi Arabia’s recent total food service sales was estimated at SR33.3 billion ($8.87 billion), accounting for nearly half of the


Dulsco wins Superbrand award

UAE-based Dulsco, a regional leader in human resource and waste management solutions, has won the Superbrand award for the second consecutive year.  Dulsco is the only waste management company and HR solution providers in the region to be awarded the Superbrand status, a sta


Oman’s mining firms seek early approvals

Oman’s mining industry has urged authorities to incorporate clear clauses for speedy processing of mining licences in order to avoid project delays and possibility of losses arising from wide fluctuation in metal price in the global markets, said a report. Top-level officia


GM, Isuzu end pick-up truck tie-up

General Motors Co and Isuzu Motor Co have agreed to stop working together on developing midsize pick-up trucks made in Asia, as the US automaker focuses on the higher end of the market while the Japanese firm sticks to selling vehicles for everyday commercial purposes. The automa


SR Technics extends MRO services to Boeing 787

SR Technics, a leading maintenance, repair and overhaul (MRO) service provider, has announced that it will extend its maintenance capabilities to the new Boeing 787 at its Line Maintenance station in Geneva, Switzerland, from August 1. The new service includes on-call maintenance


Civil defence a key focus for Milipol Qatar

Civil defence will be a key focus at the upcoming Milipol Qatar 2016, a leading bi-annual event dedicated to homeland security in Doha, Qatar, later this year. The event will debut a dedicated exhibition area and key conference sessions for civil defence exhibitors this year, sai

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