August 15th, 2018 | 0 commentsArabtec Holding unveiled that its subsidiary, Arabtec Engineering Services, has been awarded an AED 155 million contract by Dubai Municipality for its DS189 work on sewerage and drainage infrastructure in Al Khawaneej area. The 15-month deal will be added to the company’s infrastructure projects, Arabtec said in a filing to the Dubai Fina...
August 15th, 2018 | 0 commentsKuwait Company for Process Plant Construction and Contracting (KCPC) recorded a leap of 541.7% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings increased to KWD 1.36 million ($4.5 million) in Q2-18 from about KWD 211,950 ($699,800) in Q2-17, according to a bourse filing on Tuesday. From...
August 15th, 2018 | 0 commentsAl Kout Industrial Projects on Tuesday posted a 20.7% year-on-year decline in profits for the second quarter of 2018. Net profit amounted to KWD 1.57 million ($5.18 million) in Q2-18, versus KWD 1.98 million ($6.54 million) in the prior-year period, according to a filing to Boursa Kuwait. In the first half of 2018, the company logged KWD...
August 14th, 2018 | 0 commentsDoha Cables, Qatar’s first cable manufacturer, is looking to expand its commercial footprints beyond the borders, focusing mainly on Africa, Asia and European markets. The Company, which is involved in a series of big-ticket projects in Qatar, has already opened its commercial office in Philippines ahead of its global expansion plans, Doh...
August 14th, 2018 | 0 commentsCombined Group Contracting achieved a growth of 54.9% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings increased to KWD 830,000 ($2.74 million) in Q2-18 from KWD 536,000 ($1.77 million) in Q2-17, according to a bourse statement on Monday. During the first six months of 2018, Combined Gro...
August 14th, 2018 | 0 commentsArabian Cement on Monday posted a 196.6% year-on-year hike in consolidated profits for the first half of 2018. Net profit stood at EGP 212.76 million in the six-month period ended June, up from EGP 71.71 million in the year-ago period, the company said in a filing to the Egyptian Exchange (EGX). Revenues rose to EGP 1.64 billion at the en...
August 13th, 2018 | 0 commentsFujairah Cement Industries Company (FCI) reported a 43% year-on-year plunge in its profits during the first half of 2018. Net profits amounted to AED 11.9 million in H1-18, compared to AED 20.9 million in H1-17, according to the company’s recent statement. The profit margin of FCI, which is listed on both Boursa Kuwait and the Abu Dhabi S...
August 13th, 2018 | 0 commentsSuez Cement on Sunday posted it has turned to profitability in the first half of 2018, as compared with the corresponding period of 2017. The Egyptian cement producer logged EGP 250.59 million in net profits for the six-month period ended June, against a loss of EGP 40.61 million in the year-ago period, according to a filing to the Egypti...
August 13th, 2018 | 0 commentsWith more than 1,400 active construction projects worth $348.2 billion in Egypt, the country is going through a phase of economic prosperity across the board and especially in the construction sector, said a report ahead of The Big 5 Construct Egypt expo. To be held from September 18 to 21 at the Egypt International Exhibition Centre (EIE...
August 10th, 2018 | 0 commentsSaudi Arabia-based Al Jouf Cement Company on Thursday reported swinging to loss during the second quarter of 2018, against posting profits in the year-ago period. Al Jouf Cement incurred a net loss of SAR 13.7 million ($3.65 million) in Q2-18, against SAR 10.5 million ($2.80 million) in net profits during Q2-17, according to a statement t...
