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FINANCIAL NEWS
Emirates steel production to increase at 5-7pct in 2017
14 Dec 2016
(MENAFN) Emirates Steel production is projected to increase between 5 percent and 7 percent in the coming year.
Accordingly, the company is working with its whole output capacity, while its stake in the regional market reached 60 percent this year.
Furthermore, the firm’s performance topped the estimates in 2016 as a result for focusing on lowering administrative and operating costs along with growing the efficiency of production.
In addition, the demand on the steel in the UAE is predicted by 7mn tons, from which 3mn tons are being imported, while most of the imported are being re-exported.
More News
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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