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Galfar secures RO139m contract (Times of Oman - 29/02/2012)

Galfar Engineering and Contracting Company, the Sultanate’s biggest contracting firm, has secured a contract worth RO139 million for the construction of the first phase of Al Batinah South Expressway. The company’s shares shot up by 8.72 per cent to
Erosion of profitability lingers at RAK Cement (The National - 27/02/2012)

Revenue for Ras Al Khaimah Cement has dropped again this year, and as the cement market continues to suffer, the firm has bucked the recent trend among Gulf companies of rewarding investors with generous dividends. Revenue has consistently fallen at RAK
RAK Ceramics deploys SAP solutions (Trade Arabia - 26/02/2012)

UAE-based RAK Ceramics, a leading manufacturer of ceramic and porcelain tiles, said it has signed up SAP to deploy its cutting edge software solutions to help ramp up its process efficiency. The two-phase project will see SAP implement a comprehensive
ZIIC announced its audited consolidated financial statements (Tadawul - 21/02/2012)

Zamil Industrial Investment Company (Zamil Industrial) announces its consolidated financial statements (audited) for the year ending 31/12/2011: 1. Net profits for the year were SAR 154.2 million compared to SAR 211.1 million, representing a decrease of
Follow Up Announcement By ZAMIL On Its Consolidated Annual Results (Tadawul - 21/02/2012)

Further to the announcement by Zamil Industrial Investment Company (Zamil Industrial) posted on Tadawul (21/02/2012) of its consolidated annual financial results for the year ending 31 December 2011, the company would like to clarify to its shareholders
Saudi Ceramic Company announces its audited financial results (Tadawul - 21/02/2012)

Saudi Ceramic Company announces its audited financial results for the year ended 31December 2011. 1- Net income amounted to SAR 232 million, an increase of 5% compared to previous year SAR 221 million. 2- Earnings per share (EPS) amounted to SAR 9.28
Abu Dhabi Ship Building launches 'Mezyad' (AME Info - 16/02/2012)

Abu Dhabi Ship Building, the shipbuilder and naval support services provider in the Gulf region and a strategic affiliate of Mubadala, has launched "Mezyad", the fourth vessel of the Baynunah Corvette Class Program for the UAE Navy and the third vessel
AADC Announces Annual Consolidated Financial Results (Tadawul - 15/02/2012)

1.The Net Income for the year 2011 is SAR 133 thousands, compared to SAR 46.3 million for the same period previous year 2010, with decrease of (99.7%). 2.The Earnings per share is SAR 0.003 for the year of 2011, compared to SAR 0.94 for the same period
Al Hassan completes 5m safe man hours at SNDC project (Oman Daily Observer - 13/02/2012)

Reaffirming its commitment to Health, Safety and Environment (HSE), Al Hassan Engineering Co SAOG (AHEC) recently celebrated its 5 million safe man hours at the Saih Nihayada Depletion Compression (SNDC) project site of Petroleum Development Oman (PDO).
Building materials makers in fiscal jam (The National - 10/02/2012)

The construction sector has been one of the biggest casualties of the property downturn, and the industry's suppliers are also feeling the impact. Arkan Building Materials is one company with direct exposure to the sector that is struggling to find
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