Abu Dhabi – Mubasher: Gulf Cement Co. obtained a permit for the production of oil-well cement from the American Petroleum Institute, according to a statement.

As a result, the Abu Dhabi-listed firm is currently licensed to produce and market this type of cement.

The company's profits fell by 27.1% to KWD 4.141 million in the fiscal year 2016 from KWD 5.682 million in the previous fiscal year.