Stay updated with breaking news from Saudi Basic Industries. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
RIYADH: Saudi stocks finished lower on Tuesday for the third time this week amid fears of unstable oil prices and slowing economic growth. The main index, TASI, fell 0.12 percent to 11,344, weighed down by a 7.37 percent drop in Methanol Chemicals Co. and a 4.6 percent decline in Sahara International Petrochemical Co. The parallel market, Nomu, ended Tuesday’s session with a
RIYADH: Saudi-listed companies are expected to see mixed earnings in the second quarter of 2022, amid rising oil prices, looming economic slowdown risks, and interest rate hikes, according to Al-Rajhi Capital. The Riyadh-based financial service firm which has analyzed the performance of all industrial sectors expects the Kingdom’s oil giant Aramco to post SR164.8 billion ($44
Thailand is in talks with Saudi Arabia’s major producers to purchase 800,000 tonnes of fertiliser, Commerce Minister Jurin Laksanawisit said on Friday.
The chemical and automotive fluid manufacturer will realign its business units in the wake of a bookkeeping investigation triggered by whistleblowers.
LONDON: Adequate investments and necessary infrastructure is required for an effective sustainability transition, according to Bob Maughon, chief technology and sustainability officer at Saudi Basic Industries Corp. While speaking at the Future Investment Initiative Institute regional summit in London on Friday, Maughon said, “If we don’t invest in energy supply, we can’t make