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According to the information provided by the German steel federation Wirtschaftsvereinigung Stahl, the country’s crude steel output amounted to 3.42 million tonnes in February 2010, almost at the same levels as compared to the previous month.
The American Iron and Steel Institute, based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, reported that steel import permit applications for the month of February from India are at 53,000 net tons up by 184% MoM
The final draft of the long-awaited law allowing 100 per cent foreign ownership of companies will be ready within a month and will be sent for the Cabinet approval, UAE Minister of Economy Sultan bin Saeed Al Mansouri said on Tuesday.
“The dra
According to announced trade statistics from the Ministry of Finance, Japan’s ferrous scrap exports totaled 612,000 tonnes in January 2010, down by 5.2% YoY and also down by 5.4% MoM, indicating a year on year decrease for the first time in 14 months.
A sharp decline in oil prices depressed Oman’s economy by more than 20 per cent in current prices last year despite positive real growth triggered by an increase in crude output, official data showed yesterday.
From RO23.2 billion (Dh222.7bn) i
A sharp decline in oil prices depressed Oman’s economy by more than 20 per cent in current prices last year despite positive real growth triggered by an increase in crude output, official data showed yesterday.
From RO23.2 billion (Dh222.7bn) i
An improvement in oil prices boosted Saudi Arabia’s foreign assets by nearly SR16 billion (Dh15.67bn) in January for the fourth successive month, indicating a large surplus in revenue despite record spending, according to official data.
From ar
Xinhua reported that Laiwu Steel Group, China seventh biggest steel maker by output net profit in 2009 plunged 63%YoY to CNY 96.9 million.
Laiwu said in its annual business report filed to the Shanghai Stock Exchange that the decline was due
Consumer credit unexpectedly showed a modest increase in the month of January, according to a report released by the Federal Reserve on Friday, with the unexpected growth marking the first increase in consumer credit in a year.
The report sho
As volumes slipped in recent months on the Dubai Financial Market General Index, the publicly traded company of the same name also suffered a direct hit.
The question for investors is whether the company can diversify its revenue streams in re
