Aug. 4--BUILDING MATERIALS PRICES TO GO 5 PERCENT UP: Danube Building Materials FZCO said that prices of building materials will rise by approximately 5 percent during the 3rd quarter due to record oil prices, rising freight overheads and strong demand in the GCC. Steel has hit steep prices, which has doubled since January at $700 per ton and reaching $1,500 per ton in July. Wood products such as timber and film-faced plywood have also gone up by at least 25 percent during the past three months.

GE WINS $500M EMAL CONTRACT: GE Energy has won the contract worth more than $500m to supply equipment to power Emirates Aluminum (Emal) production facility, located near Al Taweelah, Abu Dhabi. The installed facility expects to power up 2,000 megawatts of electricity to be used in the production of 700,000 tons of aluminum per annum.

GGICO ACQUIRES QUALITY INTL: Gulf General Investment Co. PSC (GGICO) has recently acquired Quality International Co. Ltd., an engineering company specialized in the manufacturing of process equipments. The company produces equipment for various industries including oil and gas, petrochemical, chemical and paint, power and desalination, water and food processing industries.

-----

To see more of AME Info, go to http://www.ameinfo.com.

Copyright (c) 2008, AME Info, Abu Dhabi, United Arab Emirates

Distributed by McClatchy-Tribune Information Services.

For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

GE,

Story Source: AME Info