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World's biggest chemical firm says China demand yet to recover | Fahad Abuljadayel & Paul Wallace / Bloomberg News

The world’s biggest chemicals maker said profit margins would remain tight with the Chinese market yet to recover and the global economic downturn weakening demand for plastics and building materials. Saudi Basic Industries Corp.’s net income dropped to 290 million riyals ($78 million) in the fourth quarter, down 94 percent…
Saudi Arabia Ar Riya Abdulrahman Al Fageeh Ras Al Khair Saudi Basic Industries Corp Saudi Aramco

TASI recovers after seven straight session losses, closes 101 points higher

RIYADH: Saudi Arabia’s Tadawul All Share Index on Tuesday made a massive comeback by gaining 101.52 points — or 1 percent — to close at 10,051.78, breaking the streak of losses that lasted seven sessions. While MSCI Tadawul 30 Index increased 0.66 percent to 1,371.82, the parallel market Nomu rose 0.79 percent to 18,967.99. TASI’s total trading turnover of the benchmark index
Ar Riya Saudi Arabia Saudi Basic Industries Corp Astra Industrial Group Amlak International Finance Co Thob Al Aseel Co

Insights on the Injection Molded Plastics Global Market to 2027 - Increasing Focus of Market Players on High-Volume Production Using Low-Cost and High-Quality Plastics Drives Growth

/PRNewswire/ -- The "Injection Molded Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added...
Saudi Arabia Laura Wood Porters Five Forces Analysis Dow Inc Huntsman International Lyondellbasell Industries Holdings

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Saudi benchmark index falls marginally as investor sentiment flickers: Closing bell

RIYADH: The Tadawul All Share Index on Sunday closed marginally lower by 38.74 points — or 0.38 percent — to close at 10,251.68 points after touching a peak of 10,316.61 at 10:44 a.m. Saudi time, riding on the uncertainty that has clouded investor sentiment in the past few months. The advance-decline ratio reflected the sentiment, with 104 stocks of the listed 220 heading
Yanbu Industrial City Al Madinah Saudi Arabia Ar Riya Saudi Arabian Pritish Devassy

How the GCC countries have fared on their net-zero commitments so far

RIYADH: According to the UN, net-zero emissions can be achieved by balancing carbon dioxide emissions with removal or by eliminating emissions. Net-zero emissions are also referred to as carbon neutrality or becoming climate neutral. This specific climate goal is key to reducing global warming under the 2015 Paris Agreement. The agreement calls for countries to achieve
United Arab Emirates France General Abu Dhabi Abuz Aby Al Mintaqah Ash Sharqiyah Al Jawf

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