Maadens net income came in at US$11.6mn compared to a reported profit of US$5.4mn in Q1 2010 according to a report by the Saudi bank, NCB Capital (NCBC).
Technology
The future of interoperable railway communications
In response to unpredictable fuel prices, continuing economic uncertainties and global environmental concerns, governments and travelers around the world have renewed their interest in railways as a primary mode transport. To make railways more competitive in the long-distance passenger travel market, major infrastructure upgrades and ?greenfield? investments are underway in the Middle East (ME), Australia, China and India.
Qatar Steel to build a new plant
Qatar Steel will build a new steel plant in the country to cope with the growing demand for steel in the Qatari market and the wider regional market.
Business conditions in UAE at record high
A new survey showed that private sector business activity in the UAE hit a record high in February thanks to new orders and output rising sharply.
Social unrest creates ripples in Middle East And North Africa real estate markets
A new report by Standard & Poor?s looks at the current landscape in property markets in the Arabic-speaking countries of the Middle East and North Africa and what effect, if any, the recent unrest in the region has caused.