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Observer
5 days ago
- Business
- Observer
Raysut Cement reports strong H1, global gains
MUSCAT, JULY 19 Raysut Cement Company (RCC) Group, Oman's largest cement producer, has reported a significant financial turnaround in the first half of 2025, marking a major step in its transformation into a resilient and forward-looking industry leader. The Group's consolidated revenue rose by 30.8% to RO 41.3 million, while net losses were reduced by 38% compared to the same period in 2024. This performance reflects a successful strategy implemented across its operations, including key contributions from its UAE-based subsidiary Pioneer Cement Industries and its growing presence in the Maldives. Pioneer Cement Industries (PCI), a wholly owned subsidiary of RCC in the UAE, has become a central pillar in the Group's recovery. PCI's capacity utilisation surged to 88% in the first half of the year, up from just 40% during the same period in 2024. This turnaround is attributed to improved operational discipline and a renewed commercial focus. PCI succeeded in attracting bulk cement customers in the UAE and increased its monthly sales by an average of 50,000 metric tonnes. It also developed premium clinker products with higher margins and introduced a smart pricing mechanism to enhance competitiveness. In an interview with the Observer, Acting CEO Dr Hilal Saif al Dhamri highlighted the importance of these strategic gains. 'Pioneer Cement's recovery is a textbook example of how operational excellence and smart market positioning can deliver real results,' he said. 'We have restored its reputation and repositioned it as a high-performing, quality-driven asset within our Group.' RCC's strategic expansion into the Maldives has also paid dividends. Its 75%-owned subsidiary, Maldives Raysut Cement Company, has become a preferred supplier for major infrastructure projects in the island nation. The Group now holds a 35% share of total cement imports to the Maldives. Despite logistical hurdles typical of island markets, the company introduced efficient distribution models and launched specialised marine-grade cement to meet coastal construction demands. Dr Hilal Saif al Dhamri, Acting CEO of Raysut Cement Company 'The Maldives is a key part of our international growth strategy,' Dr Al Dhamri added. 'We've established ourselves as a reliable partner for national development projects, and our localised approach is helping us build long-term customer trust.' On the sustainability front, RCC is setting new benchmarks at its flagship Salalah plant. The company is implementing a Waste Heat Recovery System that will generate 9MW of clean electricity annually, cutting CO₂ emissions by an estimated 50,000 tonnes per year and saving around RO 1.5 million in energy costs. Alongside this, a Refuse-Derived Fuel (RDF) project is being rolled out to process about 700 tonnes of municipal waste per day into alternative fuel, replacing 15% of the plant's natural gas consumption. These initiatives support Oman's environmental goals and demonstrate the financial viability of green technology in heavy industry. At the Sohar Cement Factory, monthly sales increased by 32,000 metric tonnes, contributing to stronger Group-wide performance. Strategic price optimisation in export markets has also helped bolster revenues and create a more sustainable business model. With these achievements, RCC is entering a new phase of sustained growth under Dr Al Dhamri's leadership. 'We've laid a strong foundation by revitalising our core operations, expanding internationally, and leading on sustainability,' he noted. 'Our focus now is to accelerate our momentum and secure our position as a regional industry leader.' As 2025 progresses, Raysut Cement stands as a model of industrial transformation—one that combines operational discipline, market diversification, and environmental responsibility to drive long-term value for Oman's cement sector and the wider region.
Cision Canada
02-07-2025
- Business
- Cision Canada
CURVE ENERGY CORP. ANNOUNCES NON-DISCLOSURE AGREEMENT WITH SAUDI ARAMCO TECHNOLOGIES
VANCOUVER, BC, July 2, 2025 /CNW/ - Curve Energy Corp. (the " Company" or " Curve") confirms that its wholly owned subsidiary, Curve Energy Pte Ltd, has entered into a Non-Disclosure Agreement (NDA) with Saudi Aramco Technologies Company, a wholly owned subsidiary of Saudi Aramco. The NDA formalizes ongoing discussions and the exchange of information between the two parties. About Curve Energy Corp. Curve Energy Corp. is a technology-driven company pioneering advanced green chemistry solutions for the maritime fuel industry and broader energy markets. The company's patented desulfurization technology upgrades Heavy Fuel Oil (HSFO) by removing sulfur, upgrading it into Very Low Sulfur Fuel Oil (VLSFO) under near-ambient conditions. Curve's technology eliminates the need for carbon-intensive SMR hydrogen desulfurization, blended fuels, and scrubbers. It also demonstrates the ability to reduce additional pollutants such as nitrogen oxides (NOx) and vanadium pentoxide (V₂O₅), supporting evolving multi-pollutant emissions standards. For more information about Curve, visit On behalf of the Board of Directors Peter Joyce Chief Executive Officer Forward Looking Information This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward – looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the anticipated timing and completion of the Transaction; the expected continuance of the Company into British Columbia and adoption of new corporate articles; the anticipated approval of the TSX Venture Exchange; and the upsize of the private placement. These forward – looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the risks that the Transaction may not be completed as currently anticipated or at all; required regulatory or third-party approvals, including TSX Venture Exchange acceptance, may not be obtained or may be delayed; the Company may not complete its continuance into British Columbia or adopt the proposed new corporate articles; the conditions to closing of the Transaction may not be satisfied by the extended completion deadline; the upsized private placement may not be completed as anticipated, or at all; and general business, economic, competitive, market and regulatory factors may adversely affect the resulting issuer's business and operations. In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the Transaction will proceed as currently contemplated; all necessary regulatory and third-party approvals, including TSX Venture Exchange acceptance, will be obtained in a timely manner; the parties will be able to satisfy the closing conditions on or before the extended completion deadline; the continuance of the Company into British Columbia and adoption of new corporate articles will be implemented as approved by shareholders; and the private placement will be completed as anticipated. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
The South African
01-07-2025
- Business
- The South African
July fuel price confirmed - Here's what it means for your wallet
The Department of Mineral and Petroleum Resources released the official fuel price for July 2025. The changes will take effect on Wednesday, 2 July. Petrol 93 and 95 will increase by 55 and 52 cents per litre respectively. Diesel 0.05% and 0.005% will hike by 82 and 84 cents per litre in wholesale price. Illuminating Paraffin will increase by 67 cents and 89 cents per litre. The department said the rand appreciated against the US Dollar in June, which led to a lower contribution to the Basic Fuel Prices. The fuel price increase is attributed to the average Brent Crude oil price increasing from 63.95 to 69.36 US Dollars. The main contributing factor is the recent tension in the Middle East, which raised fears of potential crude oil supply disruptions. The average international petroleum product prices followed the increasing trend of crude oil prices. The department said this led to higher contributions to the Basic Fuel Prices. However, the prices of Propane and Butane decreased slightly. The fuel price increase comes after the latest Household Affordability Index found that zero-rated foods in the household food basket increased by 4.1% in the year to June. The report compiled by the Pietermaritzburg Economic Justice & Dignity Group tracks the monthly prices of basic foods across the country. As a result, many South African have taken to social media to express anger about the price hike, saying they are already struggling to make ends meet. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 11. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news
Time Business News
26-06-2025
- Automotive
- Time Business News
Running Low? Here's About Fuel Delivery in Abu Dhabi
Imagine cruising down a highway in Abu Dhabi when suddenly—your fuel gauge hits zero. It's a scenario more common than you might think. Whether due to a miscalculation, a broken fuel gauge, or the sheer chaos of a busy day, running out of fuel can quickly become a stressful and inconvenient ordeal. Thankfully, Fuel Delivery Abu Dhabi services are here to rescue stranded motorists, offering a fast, convenient solution when time and fuel run low. Fuel Delivery Abu Dhabi refers to the on-demand service where fuel—typically petrol or diesel—is delivered directly to your vehicle, wherever it may be stranded. It falls under the broader umbrella of roadside assistance, which includes services like battery replacement, towing, flat tire repair, and emergency fuel delivery. You contact a fuel delivery provider through a phone call or mobile app. Share your location and vehicle details. The service team arrives with a safe, regulated supply of petrol or diesel. Fuel is dispensed directly into your vehicle on the spot. This service is especially popular in urban areas like Abu Dhabi and Dubai, where Mobile Petrol Service Dubai companies are rapidly expanding. Gone are the days of walking to the nearest fuel station under the blazing sun. With a Petrol Delivery Service, help arrives without you having to leave your car. Being stranded on a highway or in a remote desert area can be dangerous. Emergency Fuel Services provide a crucial safety net for motorists, especially at night or in unfamiliar places. Refueling on-the-go saves valuable time for professionals, families, and logistics companies alike. Companies operating delivery vans, taxis, or service vehicles benefit significantly from scheduled Diesel Fuel Delivery Service options. This reduces downtime and keeps operations running smoothly. Look for licensed and insured companies. Check reviews and response times. Ensure they follow fuel safety regulations. Always double-check whether your car requires petrol or diesel. Some services offer both, including Emergency Diesel Fuel Delivery. Providing an accurate pin drop ensures quicker service, especially in high-traffic or remote areas. Save the contact numbers of at least two reliable Fuel Delivery Abu Dhabi providers in your phone. Solution: Choose services with multiple dispatch vehicles. Many providers offer real-time tracking through apps. Solution: Confirm if the provider covers your area before booking. Some mobile petrol services only operate within specific city limits. Solution: Ask for a price quote beforehand. Transparent pricing is a hallmark of reputable fuel delivery services. Feature Fuel Delivery Abu Dhabi DIY Fuel Run Convenience High Low Safety Very Safe Risky (especially on highways) Time Efficiency Fast Time-consuming Cost Transparency Mostly fixed rates Varies (fuel + transport) In today's fast-paced life, Fuel Delivery Abu Dhabi is more than just a luxury—it's a smart, time-saving solution. Whether you're facing an emergency, managing a fleet, or simply seeking convenience, mobile fuel services can be a game-changer. With the rise of Petrol Delivery Service and on-the-go refueling, you'll never have to panic about running out of fuel again. So the next time your tank is low and the nearest station feels a world away, remember: help is just a call—or a tap—away. Yes, many providers offer 24/7 services, especially for Emergency Fuel Services. Always confirm operating hours with the company. Both petrol and diesel are commonly offered. Some services also specialize in Emergency Diesel Fuel Delivery for commercial vehicles. Absolutely. Licensed providers follow strict safety standards for transporting and dispensing fuel on-site. Most services in central Abu Dhabi reach you within 30 to 45 minutes, depending on traffic and distance. Yes. Many Diesel Fuel Delivery Service providers offer corporate plans with scheduled refueling at your depot or job site. TIME BUSINESS NEWS
Toronto Sun
16-06-2025
- Politics
- Toronto Sun
Saskatchewan premier says he can 'get behind' Ottawa's energy superpower vision
Published Jun 16, 2025 • 1 minute read Premier of Saskatchewan Scott Moe speaks at The Food, Fuel, Fertilizer Global Summit inside the Delta Hotel on Tuesday, April 8, 2025 in Regina. Photo by KAYLE NEIS / Regina Leader-Post CALGARY — Saskatchewan Premier Scott Moe says he can truly get behind some of the statements Prime Minister Mark Carney has made about making Canada an energy superpower. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Moe says he can hardly be called a member of the 'Liberal booster club' and it's unusual for him to express support for that political stripe. But he says Carney's talk about moving forward nation-building projects to get Canadian resources to new markets is encouraging, though it must be backed up with action — and soon. Moe was speaking alongside Alberta Premier Danielle Smith at an event hosted by Enserva, an energy services industry advocacy group. The theme of the talk was the ambitions both Prairie provinces have to double their respective oil and gas production. Moe touted the idea of a 'port-to-port corridor,' through which energy and other products could travel to the northwest coast of British Columbia for export to Asia and to Hudson Bay for export to Europe. RECOMMENDED VIDEO Toronto Maple Leafs Columnists Toronto Maple Leafs Toronto & GTA Canada
