Arab Today, arab today saudi cement rises
Last Updated : GMT 02:30:09
Arab Today, arab today
Arab Today, arab today

Saudi Cement rises

Arab Today, arab today

Arab Today, arab today Saudi Cement rises

Riyadh - Arabstoday

Saudi Cement Company rose to the highest in more than three years after the producer of the building material said cement companies are in talks to sell as much as 600,000 tonnes of extra clinker supplies. The shares advanced 1.8 per cent to 84 riyals (Dh82.23) at 3.30pm in Riyadh, the highest close since June 2008. Southern Province Cement Company, which last month posted a 52 per cent gain in quarterly profit, rose 0.9 per cent. The benchmark Tadawul All Share Index increased 0.4 per cent to 6,758.87, the highest close in more than a year. The cement index climbed 1.3 per cent, bringing this year\'s advance to 7.7 per cent. Saudi Arabia\'s cement makers are benefiting from increased government spending, including a $384 billion (Dh1.4 trillion) plan for infrastructure in the largest Arab economy. Cement production climbed 13 per cent to 48.4 million tonnes last year, according to data on the website of Yamamah Saudi Cement Company. The kingdom will require cement producers to operate at full capacity to help end a supply shortage, Al-Eqtisadiah reported on Saturday, citing an unidentified person at the Ministry of Commerce. Jordan Telecom Jordan Telecom Corporation said profit dropped by 5.6 per cent to 89.8 million dinars (Dh463.8 million) in 2011 from a year earlier. The drop is due to a decrease in operating income and lower interest rates on bank deposits, Amman-based Jordan Telecom said in an emailed statement yesterday. The company\'s subscriber base rose by 17.7 per cent from a year earlier to 3.55 million, it said. France Telecom owns a 51 per cent share in the group. GDF bid A GDF Suez-led group made the best bid to build Kuwait\'s planned Al Zour North power plant, according to a company making a competing offer. The GDF-led bid beat offers from Marubeni Corporation and Malakoff International of Malaysia, Winston Shim, the Kuwait representative for SK Engineering & Construction Company, which took part in the Malakoff proposal, said yesterday. Kuwait\'s Partnerships Technical Bureau confirmed it has three valid bids and will choose a winner within two weeks, the agency\'s President Adel Al Roumi said. Commercial Bank of Kuwait Commercial Bank of Kuwait posted a full-year profit of 810,000 dinars (Dh10.7 million) compared with 40.45 million dinars a year ago, according to a statement to the Kuwait bourse yesterday. The lender said its board recommended withholding the dividend. IFC The International Finance Corporation said it agreed to buy a 15 per cent stake in Mediterranean & Gulf Insurance & Reinsurance Company for $124 million (Dh455.4 million). Medgulf, as the Riyadh-based insurer is known, will use the funds to expand into Turkey, Iraq and Egypt, the investment arm of the World Bank said in an e-mailed statement yesterday. Sony brand ambassador Sony yesterday announced the appointment of Lebanese music sensation Maya Diab as brand ambassador for Sony\'s Alpha NEX compact interchangeable lens cameras. Diab was recently voted the ‘Most Attractive Artist for 2011\' by the Gulf magazine Zahrat Al Khaleej. A former member of ‘4 Cats\', an all-Arab girl band, she is currently a fashion and media icon in Lebanon. RAK Cement Ras Al Khaimah Cement, a maker of building supplies, said its full-year loss widened to Dh20 million from Dh3.9 million in the year-earlier period. The company\'s board recommended not paying a dividend for 2011. Eros Group Eros Group, distributor of consumer electronics, telecom, IT and allied multi-products in the Middle East, has entered into an alliance with Revo, the manufacturer of digital radio products for the DAB, DAB+, HD and Internet Radio platforms. Eros Group will distribute the Revo\'s Digital Radio products incorporating FM, internet and DAB technologies through key retail channel partners in the UAE and other Gulf countries and service the needs of consumers in the region.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi cement rises Arab Today, arab today saudi cement rises

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 15:57 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 15:41 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 14:44 2017 Sunday ,26 February

Muscat shares fall on local selling

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday