Mena News

 

  Dubai's Drake & Scull Gets 3 contracts worth USD180mn in UAE, Saudi
Apr , 17 , 2013  
  Dubai's Drake & Scull International PJSC said it has been awarded three contracts worth a combined AED663mn (USD180mn) for engineering and general contracting work on government complexes in Mecca, Sharjah and Abu Dhabi.
 

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  Aldar to build 996 villas
Apr , 17 , 2013  
  Abu Dhabi-based Aldar Properties has won a contract to construct 996 villas in the UAE.
 

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  Food Products Company reports 1Q13 results
Apr , 17 , 2013  
  Saudi Arabia-based Food Products Company’s net profit surged 157% YoY to SAR1.3mn in 1Q13. Gross profit jumped 35% YoY to SAR7mn during the same period.
 

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  Jazan Development Company posts 2012 results
Apr , 17 , 2013  
  Saudi Arabia-based Jazan Development Company reported a net profit of SAR21.9mn in 1Q13 compared with a net loss of SAR4mn in 1Q12. Gross loss increased 46% YoY to SAR4.6mn during the same period.
 

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  Takween Advanced Industries Co. announces 1Q13 results
Apr , 17 , 2013  
  Saudi Arabia-based Takween Advanced Industries Co’s net income surged 35.8% YoY to SAR18.2mn in 1Q13. Gross profit increased 13.3% YoY to SAR30.7mn during the same period.
 

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  National Gypsum Company announces 1Q13 results
Apr , 17 , 2013  
  Saudi Arabia-based National Gypsum Company’s net income plunged 31.5% YoY to SAR6.4mn in 1Q13. Gross profit decreased 6% YoY to SAR8.4mn during the same period.
 

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  Arabian Cement Company posts 2012 results
Apr , 17 , 2013  
  Saudi Arabia-based Arabian Cement Company’s net income increased 7.7% YoY to SAR157.3mn in 1Q13. However, gross profit declined 3.6% YoY to SAR168.2mn during the same period.
 

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  Saudi Ceramics Co. reports 1Q13 results
Apr , 17 , 2013  
  Saudi Arabia-based Saudi Ceramics Co’s net profit increased 24% QoQ to SAR82mn in 1Q13. Gross profit surged 35% YoY to SAR152mn during the same period.
 

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  Yamama Cement Co. announces 1Q13 results
Apr , 17 , 2013  
  Saudi Arabia-based Yamama Cement Co’s net profit edged 0.4% YoY lower to SAR277mn in 1Q13. Gross profit decreased 2% YoY to SAR293mn during the same period.
 

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  Bloomberg expects Dubai's economy to grow 4.6% between 2012-15
Apr , 15 , 2013  
  A Bloomberg report expected Dubai's economy to grow by 4.6% between 2012 and 2015; two-fold the average growth rate expected last year. Dubai and affiliate conglomerates accounted for $5.8 billion of the $7.8 billion bond sales this year, according to Bloomberg data.
 

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