28
Oct
10:10
Al Jazeera sinks to loss, seeks tariff reduction
Al Jazeera saw consolidated revenue drop -12% on-year in the third quarter to OMR 23.59 million ($149.9m) and the firm sank to a net loss of OMR 549,263 versus a profit a year earlier of OMR 115,275.
“Overall steel demand in the GCC remained lukewarm in line with the project markets, especially in UAE, Saudi and Oman going through a subdued (third) quarter,” Jazeera chairman Amal Bahwan says in a report seen by Kallanish. The US-China trade war, Brex…
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Anonymous
Very good overview of the weekly steel market.
Anonymous