Middle East Archives - Page 6 of 23 - Arab Iron and Steel Union

Oman : Vale’s Sohar pelletizing plant to transition to renewable power by 2030

Vale has announced that its iron ore pelletizing plant at Sohar Port will be powered entirely by renewable electricity by 2030, aligning with the company’s global commitment to decarbonize operations. Nasser Al Azri, CEO of Vale in Oman, highlighted that the transition to green energy supports regional steel mills in their move toward low-carbon steel […]

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Meeting between Mauritanian Minister of Minerals and Industry and CEO of Hadeed

News / user

On the sidelines of the International Mining Conference held in Riyadh, the Mauritanian Minister of Industry and Minerals, Mr. Etiam Tijani, met with the CEO of Hadeed Company and Chairman of the Board of Directors of Takamul Company, Mr. Abdelkader Al-Mubarak, in the presence of the General Manager of SNIM, Eng. Mohamed Fall Ould Talmidi.

Meeting between Mauritanian Minister of Minerals and Industry and CEO of Hadeed Read More »

SIJ Group signs agreement to build steel plant in Saudi Arabia with investments of $1.54 billion

News / user

Slovenian leading electric steelmaker SIJ Group has signed a $1.54 billion agreement to build a specialized plant in Saudi Arabia, the company’s first investment outside Slovenia. The Slovenian Ministry of Finance said in a statement that the project is part of the long-term industrial development plan in Saudi Arabia, and will be mainly financed by

SIJ Group signs agreement to build steel plant in Saudi Arabia with investments of $1.54 billion Read More »

Launching the first tinplate production plant in Saudi Arabia with an annual production of 400,000 tons

News / user

In a move aimed at localizing one of the most important elements of the value chains in the metal packaging industry, the National Industrial Company and the Chinese DHX Group signed an agreement to establish the first integrated tinplate production plant in Saudi Arabia. The plant, whose establishment agreement was signed on the sidelines of

Launching the first tinplate production plant in Saudi Arabia with an annual production of 400,000 tons Read More »

Moody’s expects economic growth in Middle East countries to accelerate in 2025

News / user

Moody’s credit rating agency expects economic growth in most countries of the Middle East and North Africa region to accelerate during the current year, supported by the recovery of oil production and the progress of investment projects. The agency estimated in its report that economic growth in the Middle East and North Africa region will

Moody’s expects economic growth in Middle East countries to accelerate in 2025 Read More »

Saudi Iron and Steel Company (Hadeed) announces strategic acquisitions and investments worth 25 billion riyals

News / user

Saudi Iron and Steel Company (Hadeed) revealed strategic acquisitions and investments worth 25 billion riyals to support Saudi Vision 2030 projects, as part of the strategic announcement package for the International Mining Conference in Riyadh. Hadeed also revealed, on the sidelines of the International Mining Conference in Riyadh, the company’s plans to produce 10 million

Saudi Iron and Steel Company (Hadeed) announces strategic acquisitions and investments worth 25 billion riyals Read More »

Al Jazeera Steel profits rise to OMR 7.10 million (+73%) by the end of 2024

News / user

Al Jazeera Steel Company, operating in the iron pipes industry, profits rose to OMR 7.10 million (57 baisas/share) by the end of 2024, compared to profits of OMR 4.10 million achieved in the same period in 2023, as shown in the following table: income list Period September 2023 September 2024 Change Revenues (million Omani Riyals)

Al Jazeera Steel profits rise to OMR 7.10 million (+73%) by the end of 2024 Read More »

Carbon Neutrality in the Arab Steel Industry

News / user

The steel industry faces major challenges related to climate change and the need to reduce the carbon footprint, which has long been accused of being one of the main influencers of environmental pollution. It must be acknowledged that the largest countries in the world have made international public opinion aware of the need to take

Carbon Neutrality in the Arab Steel Industry Read More »

Egyptian-Qatari alliance plans to invest $100 million in iron and steel factory

News / user

A group of Qatari investors are discussing with an Egyptian investor the establishment of a new iron and steel factory with initial investments of up to $100 million, with the target to start operations early next year, according to Al Borsa newspaper. The local investor is set to provide the land and construction in exchange

Egyptian-Qatari alliance plans to invest $100 million in iron and steel factory Read More »

Adding 3 construction codes to the Saudi Building Code system

News / wessam ahmed

The committee announced the update of the Saudi Building Code 2024 system, to replace the current version, based on Article 5 of the Saudi Building Code System, which stipulates that the code be updated every 5 years to keep pace with developments in the construction sector. The update of the Saudi Building Code 2024 system

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Bahrain: Construction work to start on 372 units in Khalifa City this month

News / user

Amna bint Ahmed Al Rumaihi, Minister of Housing and Urban Planning, stressed the keenness to continue developing housing services provided to citizens, considering the social housing sector one of the vital sectors that receive priority, in light of the comprehensive development process led by His Majesty King Hamad bin Isa Al Khalifa, King of the

Bahrain: Construction work to start on 372 units in Khalifa City this month Read More »

Al-Oula Steel enters the subsidized building materials market in Kuwait

News / user

Al-Oula Steel Manufacturing Company announced its official entry into the subsidized building materials market in Kuwait, in line with Ministerial Resolution No. 222 of 2024 issued by the Ministry of Commerce and Industry, which is considered an important step to reduce the financial burdens on coupon owners. The new resolution aims to achieve greater efficiency

Al-Oula Steel enters the subsidized building materials market in Kuwait Read More »

Saudi Iron and Steel Company (Hadeed) maintains rebar prices for January 2025

News / user

Saudi Iron and Steel Company (Hadeed) announced unchanged prices for long steel products for January 2025 deliveries. The price of rebar (12-32 mm) remained at SAR 2,400 ($639) per tonne, and wire rod prices (6.5-16 mm) will remain stable at SAR 2,440 ($649) per tonne. The above prices are based on Riyadh CPT, excluding 15%

Saudi Iron and Steel Company (Hadeed) maintains rebar prices for January 2025 Read More »

Qatar Aamal Board of Directors approves increasing its stake in Frijns Steel Construction

News / user

Aamal Company, listed on the Qatar Stock Exchange, announced that its Board of Directors approved increasing its stake in Frijns Steel Construction Middle East by acquiring an additional 20% stake from a related party. According to the company’s statement on the Qatar Stock Exchange today, Tuesday, this deal comes in line with the company’s efforts

Qatar Aamal Board of Directors approves increasing its stake in Frijns Steel Construction Read More »

Saudi Arabia: “Roshen” lays the foundation stone for “Al Manar” residential community in Makkah

News / user

ROSHN Group, a subsidiary of the Saudi Public Investment Fund, has laid the foundation stone for the Al-Manar project, its first integrated residential community in Makkah. The community is only 20 minutes away from the Grand Mosque, less than an hour from King Abdulaziz International Airport in Jeddah, and two minutes from the western gate

Saudi Arabia: “Roshen” lays the foundation stone for “Al Manar” residential community in Makkah Read More »

Emirates Steel announces January 2025 rebar prices with an increase AED 50

News / user

Emirates Steel, part of the EMSTEEL group, has increased rebar prices for January 2025 production by AED 50 (USD 13) per ton. The revised prices are set at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi and AED 2,668 (USD 726) per ton for shipments to Dubai, Sharjah, and the Northern Emirates.

Emirates Steel announces January 2025 rebar prices with an increase AED 50 Read More »

“Al Yamamah Steel” turns to profitability in the fiscal year ending in September 2024

News / user

The results of Al Yamamah Steel Industries Company, for the fiscal year ending on September 30, 2024, revealed the company’s turn to profitability compared to the net losses incurred by the company in the previous year. According to the company’s data, on “Tadawul”, today, Thursday, the company recorded a net profit of 70.8 million riyals,

“Al Yamamah Steel” turns to profitability in the fiscal year ending in September 2024 Read More »

Report: Building materials prices in Dubai vary in Q3 of 2024

News / user

Building materials prices varied between increases, decreases and stability in Dubai in the third quarter of this year 2024, according to what was revealed by the “Dubai Statistics Center” (Dubai Digital). The prices of ready-mix concrete in its two parts: Portland regular Newton 40 increased by 2%, equivalent to 5 dirhams per cubic meter, to

Report: Building materials prices in Dubai vary in Q3 of 2024 Read More »

Report: GCC economies have resisted shocks, outlook is positive

News / user

GCC economies have proven resilient to external shocks such as regional conflicts and oil production cuts over the past period, according to a report written by analysts at the International Monetary Fund, who expected positive performance for the region in the near term amid balanced risks. “The repercussions of the Red Sea tensions on Gulf

Report: GCC economies have resisted shocks, outlook is positive Read More »

Rebar prices in Saudi Arabia decreased by 3.5% in January-November 2024

News / user

The rebar market in Saudi Arabia witnessed a decrease in prices in the first eleven months of 2024 compared to the same period in 2023. The average price of rebar in January-November of current year amounted to 2899.11 riyals, a decrease of -3.5% compared to the average for the same period in 2023, which amounted

Rebar prices in Saudi Arabia decreased by 3.5% in January-November 2024 Read More »

Emsteel and Modon Partner to Adopt Sustainable Steel in the Construction Sector

News / user

Modon and Emsteel Group have entered into a strategic partnership that embodies Modon’s ambitious vision to become the first real estate developer in the UAE to rely on sustainable steel. This collaboration underscores the pivotal role played by Emsteel and Modon in driving the construction sector towards a more sustainable and carbon-free future. In line

Emsteel and Modon Partner to Adopt Sustainable Steel in the Construction Sector Read More »

“Yamamah Steel” signs a contract to supply towers to establish a high-voltage line for 95 million riyals

News / user

Yamamah Steel Industries Company signed a contract with the National Contracting Company Limited to establish a high-voltage line for 95 million riyals. “Yamamah”, listed on “TASI”, said in a statement on “Tadawul” today: The contract is concerned with supplying steel towers for the purpose of establishing a 380 kV high-voltage line in the central region

“Yamamah Steel” signs a contract to supply towers to establish a high-voltage line for 95 million riyals Read More »

Arab countries’ crude steel production rises by 1.7% in January-October 2024

News, steel Statistics / user

According to the latest report issued by the World Steel Organization on crude steel production, Arab countries’ crude steel production amounted to 3.6 million tons in October 2024, an increase of 0.4% compared to October 2023. Egypt topped Arab countries in steel production in October with a production 950,000 tons and a decline of 7.3%.

Arab countries’ crude steel production rises by 1.7% in January-October 2024 Read More »

Hadeed announces increase in rebar prices for December deliveries

News / user

Saudi Iron and Steel Company (Hadeed) has announced updated long steel prices for December deliveries. The price of rebar (12-32 mm) will rise by SAR 50 (USD 13) per ton, bringing it to SAR 2,400 (USD 639) per ton. Meanwhile, wire rod (6.5-16 mm) prices will remain unchanged at SAR 2,440 (USD 649) per ton.

Hadeed announces increase in rebar prices for December deliveries Read More »

Emirates Steel Raises Rebar Prices in December

News / user

Emirates Steel, part of the EMSTEEL Group, has announced an increase in rebar prices for December production by AED 50 ($14) per tonne to AED 2,610 ($711) per tonne for delivery in Abu Dhabi and AED 2,618 ($713) per tonne for delivery in Dubai, Sharjah and the Northern Emirates. These prices do not include 5%

Emirates Steel Raises Rebar Prices in December Read More »

Dana Steel opens its first factory in Saudi Arabia in mid-2025

News / wessam ahmed

Dana Steel, which is based in the Emirates, will begin production from its first factory in Saudi Arabia in the middle of next year with investments amounting to about $82 million, according to its CEO, Ankur Dana. Dana stated that the company invested in Saudi Arabia due to its acquisition of a huge volume of

Dana Steel opens its first factory in Saudi Arabia in mid-2025 Read More »

An agreement between the “Saudi Railways” and the French “Alstom” to raise the readiness of the Eastern Railways

News / wessam ahmed

The Saudi Railways (SAR) signed a contract with the French company Alstom Transport SA to raise the level of readiness of the Al Sharq network train fleet. This came on the sidelines of the Saudi Railways Exhibition and Conference, in Riyadh. The agreement aims to “provide training and qualification services to SAR employees, invest in

An agreement between the “Saudi Railways” and the French “Alstom” to raise the readiness of the Eastern Railways Read More »

Emirates Steel CEO: Expected project to produce low-carbon steel in Abu Dhabi

News / user

Saeed Al Ghafri, CEO of Emirates Steel, a subsidiary of Emsteel Group, revealed a new project to produce low-carbon steel in Abu Dhabi, in cooperation with Japanese partners to meet the growing global demand for environmentally friendly products. Al Ghafri confirmed on the sidelines of the “Middle East Iron and Steel Conference 2024” held in

Emirates Steel CEO: Expected project to produce low-carbon steel in Abu Dhabi Read More »

Saudi Pipes’ profits jump 71% to 65 million riyals in Q3

News / user

The net profit of the Saudi Steel Pipes Company “Saudi Pipes” increased by 71% in the third quarter of 2024 to 65 million riyals, from 38 million riyals in the corresponding quarter of 2023. On a quarterly basis, the company’s profits decreased during the third quarter of this year by 9.7% compared to a net

Saudi Pipes’ profits jump 71% to 65 million riyals in Q3 Read More »

EMSTEEL Group and Tadweer Group to explore use of alternative fuels and raw materials in creating sustainable building materials

News / user

EMSTEEL Group, the UAE’s largest publicly listed steel and building materials company, and, Tadweer Group, Abu Dhabi’s waste management and recycling services leader, have signed a Memorandum of Understanding (MOU) to explore the use of alternative fuels and raw materials in creating green building materials. The agreement focuses on harnessing Tadweer Group’s production of Refuse

EMSTEEL Group and Tadweer Group to explore use of alternative fuels and raw materials in creating sustainable building materials Read More »

Middle East

Oman : Vale’s Sohar pelletizing plant to transition to renewable power by 2030

Meeting between Mauritanian Minister of Minerals and Industry and CEO of Hadeed

SIJ Group signs agreement to build steel plant in Saudi Arabia with investments of $1.54 billion

Launching the first tinplate production plant in Saudi Arabia with an annual production of 400,000 tons

Moody’s expects economic growth in Middle East countries to accelerate in 2025

Saudi Iron and Steel Company (Hadeed) announces strategic acquisitions and investments worth 25 billion riyals

Al Jazeera Steel profits rise to OMR 7.10 million (+73%) by the end of 2024

Carbon Neutrality in the Arab Steel Industry

Egyptian-Qatari alliance plans to invest $100 million in iron and steel factory

Adding 3 construction codes to the Saudi Building Code system

Bahrain: Construction work to start on 372 units in Khalifa City this month

Al-Oula Steel enters the subsidized building materials market in Kuwait

Saudi Iron and Steel Company (Hadeed) maintains rebar prices for January 2025

Qatar Aamal Board of Directors approves increasing its stake in Frijns Steel Construction

Saudi Arabia: “Roshen” lays the foundation stone for “Al Manar” residential community in Makkah

Emirates Steel announces January 2025 rebar prices with an increase AED 50

“Al Yamamah Steel” turns to profitability in the fiscal year ending in September 2024

Report: Building materials prices in Dubai vary in Q3 of 2024

Report: GCC economies have resisted shocks, outlook is positive

Rebar prices in Saudi Arabia decreased by 3.5% in January-November 2024

Emsteel and Modon Partner to Adopt Sustainable Steel in the Construction Sector

“Yamamah Steel” signs a contract to supply towers to establish a high-voltage line for 95 million riyals

Arab countries’ crude steel production rises by 1.7% in January-October 2024

Hadeed announces increase in rebar prices for December deliveries

Emirates Steel Raises Rebar Prices in December

Dana Steel opens its first factory in Saudi Arabia in mid-2025

An agreement between the “Saudi Railways” and the French “Alstom” to raise the readiness of the Eastern Railways

Emirates Steel CEO: Expected project to produce low-carbon steel in Abu Dhabi

Saudi Pipes’ profits jump 71% to 65 million riyals in Q3

EMSTEEL Group and Tadweer Group to explore use of alternative fuels and raw materials in creating sustainable building materials

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