Page 29 - Saudi Basic Industries News Today

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This year has seen economic devastation as Covid-19 caused lockdowns around the world. The pressures of a pandemic have given emerging markets an opportunity to shine. Investors have been looking to emerging markets in search of value and money managers and financial advisors haven’t missed the trend. A series of high value deals has pushed Citigroup to the front of the pack this year, dethroning JPMorgan Chase& Co. as lead dealmaker in the emerging markets, according to Bloomberg data. – M...

FILE PHOTO: A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed Most major Gulf stocks rise; Qatar slips Middle East & Africa Ateeq Shariff (Reuters) - Most major stock markets in the Gulf recovered some losses on Tuesday, a day after registering steep declines caused by fears about a highly infectious new strain of COVID-19. ...

DUBAI: The investment arm of Saudi Basic Industries Corp. (SABIC) has signed an agreement to invest in a company manufacturing personal protective equipment (PPE). Nusaned Investment’s mandate is to invest in emerging technologies in the Kingdom and increase SABIC’s support for small and medium-sized firms in the country’s industrial sector. The latest agreement with Abdul Aziz and Brothers Co. (A&BC) will see it invest in a new manufacturing facility in Jubail, which will specialize in t...

JPMorgan Ousted as Mideast-Africa’s Top Dealmaker by U.S. Rivals Bloomberg 12/21/2020 Matthew Martin (Bloomberg) -- JPMorgan Chase & Co. is no longer the top dealmaker in the Middle East and Africa after losing ground this year to rivals Citigroup Inc. and Morgan Stanley. Citigroup leads the regional league table for initial public offerings, buoyed by its re-entry to Saudi Arabia in 2017 after a 13-year absence. It also worked on secondary placements from Egypt’s Hikma Ph...

Major Gulf markets flat in early trade, Dubai extends gains SECTIONS Last Updated: Dec 17, 2020, 02:07 PM IST Share Synopsis Saudi Arabias benchmark index gained 0.3%, with petrochemical firm Saudi Basic Industries rising 1.6%, while Al Rajhi Bank was up 0.3%. Oil prices, a key catalyst for the Gulf regions financial markets, climbed to a nine-month high after government data showed a fall in U.S. crude stockpiles last week, while progress towards a U.S. fiscal stimulus deal and strong Asian de...

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

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

by Bloomberg |Friday, December 11, 2020 Saudi Arabia is looking to emulate neighboring Abu Dhabi by using its state energy firm to raise billions of dollars from investors. (Bloomberg) -- Saudi Arabia is looking to emulate neighboring Abu Dhabi by using its state energy firm to raise billions of dollars from investors, as the kingdom seeks cash to counter a severe recession. Saudi Aramco, the world’s biggest oil company, has hired Moelis & Co. to devise a strategy for selling stakes in some ...

Aramco seeks to follow ADNOC’s lead raising cash from asset sales By Nicolas Parasie, Archana Narayanan, Dinesh Nair and Matthew Martin on 12/11/2020 Ken Moelis (Bloomberg) --Saudi Arabia is looking to emulate neighboring Abu Dhabi by using its state energy firm to raise billions of dollars from investors, as the kingdom seeks cash to counter a severe recession. Saudi Aramco, the world’s biggest oil company, has hired Moelis & Co. to devise a strategy f...