Page 26 - Saudi Basic Industries News Today

2 Min Read (Reuters) - Gulf markets ended mostly higher on Tuesday, with Saudi Arabia’s benchmark index leading gains, while Egypt’s blue-chip index slid more than 1 percent. FILE PHOTO: Investors walk under a stock index board at the Dubai Financial Market in Dubai, United Arab Emirates, January 8, 2020. REUTERS/Christopher Pike The Saudi index closed 0.8% higher, its biggest daily percentage gain in over a week, buoyed by higher oil prices. The rise in crude prices was underpinned by the ...

TOKYO: The world’s first shipment of blue ammonia was dispatched from Saudi Arabia to Japan on Sep. 27, 2020 for use in a power station for the production of zero-carbon power generation, paving the way for the further use of hydrogen in the energy system. The Saudi-Japanese collaboration is part of a pilot project, conducted by the Institute of Energy Economics, Japan (IEEJ) and oil company Saudi Aramco in partnership with Saudi Basic Industries Corp. (SABIC). The collaboration is important...

Feb 22 2021, 1:15 AM February 21 2021, 2:19 PM February 22 2021, 1:15 AM (Bloomberg) -- (Bloomberg) -- Middle East equities rose as optimism surrounding the acceleration in global coronavirus vaccinations outweighed a rise in U.S. yields that may signal the return of inflation. Israel’s TA-35 climbed as much as 1.2%, while benchmark stock indexes in Saudi Arabia, Bahrain, Abu Dhabi and Egypt also made gains. “We see higher inflation expectation as positive for the cyclical parts of ...

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3 Min Read DUBAI (Reuters) - Saudi Arabia’s sovereign wealth fund may raise $10 billion or more through a revolving loan, exceeding what it initially targeted, sources said, as the Public Investment Fund (PIF) seeks extra liquidity to fund its plans. The fund, which is the engine of Crown Prince Mohammed bin Salman’s economic transformation plans for Saudi Arabia and manages a portfolio worth $400 billion, has boosted its firepower by tapping several funding sources in recent years. PIF, wh...

Saudi wealth fund to raise more than $10 billion with loan: Sources SECTIONS Last Updated: Feb 02, 2021, 07:33 PM IST Share Synopsis The fund, which is the engine of Crown Prince Mohammed bin Salmans economic transformation plans for Saudi Arabia and manages a portfolio worth $400 billion, has boosted its firepower by tapping several funding sources in recent years. Agencies Crown Prince Mohammed bin Salman DUBAI- Saudi Arabias sovereign wealth fund may raise $10 billion or more through a revol...

Deserted Cape Verde hankers for its tourists Tourists, drawn to Cape Verde’s gentle hospitality, year-round warmth and turquoise seas, account for a full quarter of the country’s gross domestic product (GDP) Updated 17 April 2021 April 17, 2021 01:40 TARRAFAL, Cape Verde: Way back in B.C. — Before COVID — Domingos Pereira made a living as a tourist guide, showing visitors the many natural wonders of Cape Verde. Today, the 26-year-old is in limbo, like tens of thousands of others on the...

UAE stock markets outperformed their regional peers on Monday riding high on banking and real estate, while Saudi Arabias benchmark index slipped as the kingdom extended virus-related restrictions. Dubai Financial Market surged 1.6 per cent to reverse all of its losses from Sunday, and in fact ended the day 8.2 per cent up so far this year making it one of top performing markets in the world. Dubai stocks opened 2021 on a strong footing, posting gains for first three consecutive weeks, as inv...

Dubai Stocks Lead Gulf Selloff Amid Travel Curbs: Inside EM Bloomberg 1/31/2021 Filipe Pacheco © Bloomberg A digital screen displays stock prices at the Dubai Financial Market PJSC (DFM) in Dubai on March 10. (Bloomberg) -- Most Middle East stocks fell, with shares in Dubai leading losses in the Gulf, as increased travel restrictions added to pessimism over vaccine rollouts sweeping global equity markets. Dubai and Abu Dhabi’s gauges ended 1.6% and 0.9% lower, respective...

Wall Street’s Eyes on Riyadh Just as Wealth Fund Pivots Home Bloomberg 1/27/2021 Abeer Abu Omar, Matthew Martin and Vivian Nereim (Bloomberg) -- Saudi Arabia’s $400 billion sovereign wealth fund will find it tough to repeat its success of recent years when it made its mark globally as a source of cash for asset managers, tech entrepreneurs and tycoons. Ahead of the kingdom’s flagship investment conference this week, Saudi Crown Prince Mohammed bin Salman laid out the fun...