Sunday 29 March 2015
 
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cement

New projects in Iraq ‘could top $1bn’

New projects in the industrial, trade and development sectors in Iraq could be worth more than $1 billion, a top official said. “We are also preparing the designs for an industrial zone,” the deputy chairman of the Al

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Saudi Arabia’s cement production hits 57m tonnes

Saudi Arabia, the largest cement producer in the GCC, produced over 57 million tonnes of cement in 2014, according to a report. The kingdom, which recorded a 33.2 per cent capacity expansion in the cement sector in the last five y

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Saudi Arabia’s cement production hits 57m tonnes

Saudi Arabia, the largest cement producer in the GCC, produced over 57 million tonnes of cement in 2014, according to a report. The kingdom, which recorded a 33.2 per cent capacity expansion in the cement sector in the last five y

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Oman plans 'to double natural gas prices from January 1'

Oman's Ministry of Oil and Gas will double natural gas prices charged to cement companies from January 1, two of the firms said on Sunday, as the country scrambles to offset the impact of slumping oil prices on state revenues.

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ICD mulls key investment in Nigerian cement firm

Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it is exploring further investment opportunities with Nigeria’s largest cement manufacturer Dangote after purchasing a minority stake in the African group last m

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ICD buys $300m stake in Nigerian cement firm

Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it has reached an agreement to purchase a minority stake in Nigeria’s largest cement manufacturer Dangote Cement. Dangote Cement, which is listed

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ICD buys $300m stake in Nigerian cement firm

Investment Corp of Dubai (ICD), the emirate's sovereign wealth fund, said it has reached an agreement to purchase a minority stake in Nigeria’s largest cement manufacturer Dangote Cement. Dangote Cement, which is listed

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Saudi imports $200m worth of cement

Saudi Arabia has imported 3.1 million tonnes of cement worth SR750 million ($200 million) in the past nine months, said a report. Data released by the Customs Department said that the rise in cement imports is due to the increased

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Raysut Cement appoints new CEO

Oman's Raysut Cement has appointed Salem Alawi Mohammed Baabood as chief executive, the company said in a bourse statement on Wednesday. The sultanate's largest cement firm by market value reported flat first-quarter profi

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Cement giants in key merger talks

The world's two largest cement makers, Lafarge and Holcim, are in advanced talks to merge into a company with a stock market value of more than $50 billion in what would be the industry's biggest ever tie-up. The discussio

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