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RIYADH: Saudi Arabia’s main index declined for the second consecutive day as a result of mixed earnings announcements. The Tadawul All Share Index fell 1.46 percent to end at 11,798, while the parallel market Nomu dropped 1.12 percent to finish at 19,714 Saudi oil giant Aramco ended the session 1.82 percent lower, while Rabigh Refining and Petrochemical Co. decreased 2.27
DUBAI: SABIC Agri-Nutrients Co., a Saudi Basic Industries Corp. subsidiary, has gained the world’s first independent certification for blue hydrogen and ammonia production, said a senior company official. TÜV Rheinland, leading independent testing, inspection, and certification agency based in Germany, has certified the blue hydrogen and ammonia production facilities of SABIC
RIYADH: Saudi Arabian petrochemical firm SABIC Agri-Nutrients Co. saw its profits nearly triple to SR5.53 billion ($1.47 billion) in the first half of 2022, up from SR1.26 billion in the prior-year period. The homegrown fertilizer producer’s revenue increased by more than triple to SR10 billion, compared to SR3 billion in the same period a year ago, according to a bourse
RIYADH: Saudi Aramco and the SABIC Agri-Nutrients Co. have received the world’s first independent certifications recognizing “blue” hydrogen and ammonia production. The certifications were granted by the Germany-based TÜV Rheinland, according to a statement. They were awarded to SABIC AN in Jubail for producing 37,800 tons of “blue” ammonia and to Aramco’s wholly owned
RIYADH: Saudi stocks opened the week in positive territory on the back of rising oil prices and solid company earnings. This is despite a 0.75 percent interest rate hike by the Gulf Cooperation Council's central banks last week. The main index, TASI, started 0.62 percent higher at 12,155, while the parallel market, Nomu, started flat at 20,958, as of 10:08 a.m. Saudi time The