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2008

South Valley Cement net profit at $28m

Egypt's South Valley Cement posted 2009 net income of EGP151.8 million ($27.5 million), up from EGP6.5 million in 2008, the stock exchange said on Thursday. The exchange gave no other details. Shares in South Valley Cement were tra

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Bahrain's advertising expenditure falls 6pc

Advertising expenditure in Bahrain fell by about six per cent from $109 million in 2008 to $103 million last year, said a top official of an international advertising body. There has been an increase in the pan Arab advertising market whic

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Jafza fabricator posts 24pc revenue jump in '08

Fabtech International, a leading global steel fabricator at the Jebel Ali Free Zone (Jafza) in Dubai, has posted 24 per cent growth in its revenue in 2008 despite difficult market conditions, said its chairman. “Our outstanding engineering

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US foreign holdings fell 40pc in ’08

US holdings of foreign securities fell by 40.5 percent to $4.291 trillion in 2008 as global markets crumbled in the face of the financial crisis, a preliminary US Treasury report has showed. The annual survey of US portfolio holdings of fo

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Bahrain's imports from Japan top $932m

Bahrain's imports from Japan reached nearly $1 billion in 2008 at a time when exports to the country slipped. Imports were valued at $932.2 million, a major jump from the previous year. The value of general machinery imports mo

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Sita posts $1.47bn sales, up 3.5pc

Sita, the leading specialist in air transport communication and IT solutions, has reported consolidated revenues of $1.47 billion for the year 2008, up 3.5 per cent on the previous year’s figure of $1.42 billion. “In the context of the wor

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