Page 24 - Saudi Basic Industries News Today

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New products include biomaterial and recycled content.

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Advertisement Petrochemical projects are expected to drive the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for approximately 61% of the total projects expected to start operations during the period of 2021 to 2025. Among these, newbuild projects dominate with 84%, while the rest are expansion projects, according to GlobalData. Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Saudi Arabia’s aggressive investments in the pet...

Dubai: GCC stock markets demonstrated a mixed performance on Sunday with Dubai and Saudi shares moving higher, while their Qatari peers underperformed as they underwent intense selling pressure from the lenders. Saudi Arabias benchmark index ticked up 0.6 per cent to trade at 10,049 points. The gains were spread across the sectors with material, financial and telco share contributing more than others to the upward movement. Al Rajhi Bank, Saudi Basic Industries and Saudi Telecom all added value...

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Petchem projects to drive Saudi oil, gas sector by 2025 RIYADH, 6 hours, 49 minutes ago Petrochemical projects are expected to drive the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for 61 per cent of the total projects expected to start operations by 2025, according to GlobalData, a leading data and analytics company.   Among these, new build projects dominate with 84%, while the rest are expansion projects, stated GlobalData in its repo...

JEDDAH: Charity platform Ehsan has received SR260 million (($69.3 million) in donations in the first 24 hours of its launch. King Salman, Crown Prince Mohammed bin Salman, philanthropists and companies are among those supporting Saudi Arabia’s latest national charity campaign. Among the largest donations received are: SR40 million from Waqf Sulaiman Al-Rajhi; SR25 million from the late Sheikh Mohammed Abdulaziz Al-Rajhi’s charities Nama and Ataa; SR15 million from Saudi Aramco; SR10 million...

Sabic providing $500k for STEM scholarships at HBCUs Print Saudi Basic Industries Corp. has donated $500,000 to sponsor students in science, technology, engineering and math (STEM) programs at historically black colleges and universities (HBCUs) in the U.S. Sabic, based in Riyadh, with U.S. headquarters in Houston, is making the donation through the Future of STEM Scholars Initiative (FOSSI), the chemical industrys collaborative diversity, equity and inclusion program. Sabic plans to sponsor 10...

UAE and other GCC stocks soared, driven by a combination of factors from fairly good-looking first-quarter numbers and Qatars foreign ownership limit removal to oil demand outlook and lower consumer inflation in Saudi Arabia. Dubai Financial Market scaled 2.5 per cent higher at 2,633 points, making for the second-sharpest single-day rise this year as Emaar Properties soared 6 per cent for its best performance year-to-date. The index was further boosted as the rally expanded to the rest of the p...