Page 23 - Saudi Basic Industries News Today

It looks like this was the result of either: A mistyped address A broken link on our site A broken link on a search engine results page A broken link on someone elses page Some things to try: Use the navigation menu at the top Most Read

Brent crude has gained over 30 per cent this year to top $68 a barrel May 5, 2021 Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments. The world’s biggest energy company kept its quarterly payout, almost all of which goes to the Saudi Arabian government, at $18.75bn. The money is vital for the kingdom as it tries to narrow a budget deficit that ballooned last year, ...

Saudi Aramco Follows Big Oil Rivals with Bumper Earnings Posted 05/05/2021 12:10 Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments. The world’s biggest energy company kept its quarterly payout, almost all of which goes to the Saudi government, at $18.75 billion. The money is vital for the kingdom as it tries to narrow a budget deficit that ballooned last year, with the...

Abdulaziz Al-Harbi is the newly appointed acting chief executive officer of Saudi Arabian Mining Co. (Ma’aden). Ma’aden is one of the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. According to the company, Al-Harbi has more than 30 years’ experience in project management, planning and operations. Prior to his appointment as acting CEO, Al-Harbi served as executive vice president for shared services & security. B...

Middle EastMIDEAST STOCKS Banks buoy Saudi index; other major Gulf bourses dip Ateeq Shariff 4 minutes read An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File Photo Saudi Arabias stock market outperformed the region on Wednesday, boosted by gains in financial shares, while other major Gulf markets ended lower. Saudi Arabias Crown Prince Mohammed bin Salman said on Tuesday the kingdom had no plans to introduce income tax and a deci...

Synopsis Reliance Industries Ltd., owner of the world’s biggest oil refinery, has been dancing the quadrille with Saudi Aramco for nearly two years. At current prices, 1% of Aramco would be worth about $19 billion — not far off the $15 billion price tag put on 20% of Reliance’s energy division, at the time the Saudi company first took an interest in buying a stake in 2019. Reuters Amin H. Nasser, president and CEO of Saudi Aramco. Could one of the energy industry’s longest-running on-ag...

Could one of the energy industry’s longest-running on-again, off-again romances be catching fire again? Saudi Arabian Crown Prince Mohammed Bin Salman seems to think so. “There are discussions happening right now about a 1% acquisition by one of the leading energy companies in the world” in state-owned Saudi Arabian Oil Co., he said in a local television interview Tuesday. Prince Mohammed didn’t disclose which company might make the investment, but you don’t have to be a Jane Aust...

It looks like this was the result of either: A mistyped address A broken link on our site A broken link on a search engine results page A broken link on someone elses page Some things to try: Use the navigation menu at the top Most Read

Saudi market underperformed after banking and petrochemical stocks came under selling pressure, snapping five days of gains, while in Dubai, ex-dividend was a factor behind the slipping into the red. The Saudi benchmark index tripped up by 1.1 per cent to 10,419 points. Al Rajhi Bank, Saudi National Bank and Riyad Bank headed lower with Saudi Aramco joining in the downside by shedding 1.1 per cent. The petrochemicals giant Saudi Basic Industries (Sabic) retreated 3 per cent despite reporting...

Chemicals maker Sabic’s profit surges as economies reopen 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter April 29, 2021 Chemicals maker Saudi Basic Industries Corp.’s profit jumped as the reopening of the global economy led to higher demand for its products used in everything from packaging to buildings and agricul...