UAE: Umm Al Qura Cement’s sales fell by 34% year-on-year during the first nine months of 2023, to US$31.6m. Meanwhile, the producer’s net profit dropped by 66%, to US$2.68m.

Iraq: Saudi Arabia-based Northern Region Cement Company has hired Germany-based KHD to build a 1.32Mt/yr cement line in Iraq. Reuters has reported the value of the contract as US$139m. The supplier said that the project will last for 16 months from its date of commencement.

UAE: India-based UltraTech Cement has issued a US$73.5m corporate guarantee in favour of Abu Dhabi Commercial Bank. Reuters has reported that the guarantee covers credit facilities availed by the group’s subsidiary UltraTech Middle East Investments.

India: JK Cement raised its second-quarter sales in the 2024 financial year by 23% year-on-year to US$331m. Over the same period, its profit grew by 62% to US$21.4m.