Africa & The Middle East

Update on the ‘road to recovery’ for the dry bulk market.

Alimak has released its interim report for January – September 2016.

The AfDB has approved a framework document for establishing the Somalia Infrastructure Fund.

Cemex has announced that consolidated net sales reached US$3.6 billion during the third quarter of 2016.

Sika has announced its financial results for the first nine months of 2016.

Global shipping demolition activity rose in the first nine months of 2016 in comparison to the same period of 2015, by 16%.

Oman National Engineering & Investment Co has taken delivery of the first mini-excavators in Oman.

PPC has donated cement to a home for elderly women.

Qalaa Holdings’ subsidiaries have signed a Share Purchase Framework Agreement.

Protesters have attacked and vandalised a Dangote cement factory in Oromiya, Ethiopia.

Qalaa Holdings announced its units signed preliminary agreement to sell 100% stake in ASEC Algeria Cement for US$60 million.

HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer.

Oman's Raysut Cement reported a 22.7 percent drop in Q3 net profit.

Dangote Cement has turned to locally-mined coal to power its plants in a bid to end disruptions caused by gas shortages.

Hima plans to raise its market share and increase exports to neighbouring markets by doubling production capacity in early 2018.