Ducab announced a record sales of US$0.9bn for 2010, representing a 51 per cent increase over the previous year and 47 per cent volume growth with full realisation of copper rod capacity during a press conference held in Dubai.
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).
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 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.
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.
