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Petrochemicals production in the Persian Gulf region will be little changed in 2022 compared with this year, the CEO of Saudi Basic Industries Corp. said Dec. 8. Output will be “more or less like 2021,” Yousef Al-Benyan told S&P Global Platts at the Gulf Petrochemicals and Chemicals Association’s annual meeting in Dubai. He also announced ...
RIYADH: The Saudi stock market ended the session on Monday up 0.2 percent, or 23 points, to close at 10,811 points. Some 189 million shares changed hands in 355,000 deals, with heavy trading in Al Rajhi bank, Alinma Bank, SABIC. Saudi Enaya and Amana Insurance were among the top gainers. Saudi Kayan, Advanced and Petrochem also rose by between 3 and 6 percent. The market's
Most Gulf stock markets ended lower on Sunday, with the Saudi and Dubai indexes suffering their biggest single-day fall in nearly two years as fears of a potentially vaccine-resistant coronavirus variant spooked investors.
RIYADH: Saudi Energy Ministry on Sunday signed a memorandum of understanding with the Saudi Basic Industries Corp. to help develop the company’s renewable energy projects. SABIC CEO Yousef Al-Benyan said the support from the Energy Ministry would enable the company achieve its net-zero emissions goal. Al-Benyan said the chemical manufacturing company plans to increase its use
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Green and black are increasingly clashing. Reliance Industries and Saudi Aramco will re-examine a plan first unveiled more than two years ago for the oil colossus to pump $15 billion into the Indian conglomerate’s refining operations. The impasse reflects how quickly investment decisions are being upended by the energy transition.