Oman and surrounding countries
Oman Cement released its latest unaudited financial report: the company's net profit before tax fell by 11% and net profit after tax fell by 12.8% in 2014. Total revenue was down 3.5% from 2013.
In December 2014, the Omani government announced that it would raise the price of natural gas in January 2015, which would likely increase the cost of cement production for domestic cement manufacturers.