Page 28 - Saudi Basic Industries News Today

DUBAI: Most major stock markets in the Middle East ended lower on Sunday, ahead of the usual flurry of quarterly and full-year corporate results over the next few weeks, with the Qatari index leading the losses. Saudi Arabia’s benchmark index lost 0.3 percent, with petrochemicals company Saudi Basic Industries shedding 1.3 percent, and Dr. Sulaiman Al-Habib Medical Services

DUBAI: Japan’s Ministry of Economy, Trade and Industry (METI) struck its first fuel ammonia cooperation deal with the UAE’s Abu Dhabi National Oil Company (ADNOC). On Jan. 14, the signing of the memorandum of cooperation took place during a virtual meeting between METI Minister Hiroshi Kajiyama and ADNOC CEO and the UAE’s Minister of Industry and Advanced Technology Sultan Al-Jaber, METI said in a statement. The two countries also agreed to further advance bilateral cooperation in areas ...

Sulaiman Azzabin has been deputy chairman of Saudi Paper Manufacturing Co. since March 2020 and a board member of the company since November 2018. Before that he was deputy minister of social development at the Ministry of Labor and Social Development, and CEO of Deutsche Gulf Finance Corp. and Al-Rajhi Bank. He worked at Saudi Basic Industries Corp. (SABIC) between 1995 and 2007 before moving to Al-Rajhi Bank in 2007 where he worked in the risk management unit and international business unit. ...

Gulf markets fell on Wednesday, tracking global peers, as investors brace for a possible Democrat win in the U.S. Senate run-off election in Georgia that could help President-elect Joe Biden push for greater corporate regulation and higher taxes.

RIYADH: The normalization of Saudi-Qatari diplomatic and trade relations will have benefits for both countries, especially for the aviation industry and Saudi export-focused sectors, business experts claim. Dr. Saleh Al-Sultan, a writer and former chief economist at the Ministry of Finance, told Arab News: “The Gulf cooperation was undermined in the previous few years but the relations between Saudi Arabia and other Gulf states and Qatar are back to normal now, which means the ties between a...

ロイター編集 2 分で読む (Reuters) - Stock markets in the United Arab Emirates rose in early trade on Sunday, starting 2021 on a positive note in line with the country’s economic forecast and eclipsing a recent record jump in COVID-19 cases. FILE PHOTO: A man stands at the stock market, in Dubai, United Arab Emirates, November 5, 2020. REUTERS/Abdel Hadi Ramahi The International Monetary Fund expects the country’s economy to swing back to growth of 1.3% this year from a 6.6% contra...

UAE stocks gain, Saudi slips on first trading day of 2021 Filed on January 3, 2021 Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand Stock markets in the UAE closed higher on Sunday, starting 2021 on a positive note on hopes that the rollout of a coronavirus vaccine will lift economic activity, while Saudi Arabian shares fell on uncertainty about the outlook for oil prices this y...

Saudi Basic Industries Corp. (SABIC) is seeking to become the largest petrochemical company in the world in 2030 after moving to the third place this year, said company Vice Chairman and CEO, Yousef Al-Benyan. The ambition is supported by Saudi Arabias Vision 2030, which is considered a compass for SABIC to achieve its goal, while offering excellent growth opportunities for the petrochemical industry. The companys expertise on the global level, employees determination and the recent discoveries...

2 Min Read (Reuters) - Saudi and Dubai shares closed higher on Tuesday as most regional markets gained in line with global stocks, as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets. FILE PHOTO: A trader looks on near electronic boards showing stock market data at Bahrain Bourse in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed Oil rose as the United States moved towards expanding pandemic aid payments, potentially spurring fuel demand and stimulati...

Specialty Chemicals Market to Witness Huge Growth from 2020 to 2026 This press release was orginally distributed by SBWire Edison, NJ -- (SBWIRE) -- 12/29/2020 -- The Global Specialty Chemicals Market has witnessed continuous growth in the past few years and may grow further during the forecast period (2020-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by k...