UAE's Arkan Building Materials approves merger with Emirates Steel

The shareholders of United Arab Emirates-based Arkan Building Materials have approved the merger of their company with Emirates Steel, Arkan said on August 9.

Arkan owns companies in the construction-related sectors, including cement and concrete producers.
Emirates Steel has crude steel capacity for 3.5 million tonnes per year, making it the biggest steel producer in the UAE. It produces rebar, wire rod, steel heavy sections and steel sheet pile.

Emirates Steel is...

Gold stocks lead the large cap miners by far over H1/25

Gold stocks up as the metal price and equities gain

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline