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New products include biomaterial and recycled content.
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Advertisement Petrochemical projects are expected to drive the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for approximately 61% of the total projects expected to start operations during the period of 2021 to 2025. Among these, newbuild projects dominate with 84%, while the rest are expansion projects, according to GlobalData. Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Saudi Arabia’s aggressive investments in the petrochemicals sector is part of its 2030 vision plan, where the country aims to reduce its dependence ...
Dubai: GCC stock markets demonstrated a mixed performance on Sunday with Dubai and Saudi shares moving higher, while their Qatari peers underperformed as they underwent intense selling pressure from the lenders. Saudi Arabia's benchmark index ticked up 0.6 per cent to trade at 10,049 points. The gains were spread across the sectors with material, financial and telco share contributing more than others to the upward movement. Al Rajhi Bank, Saudi Basic Industries and Saudi Telecom all added value on a day that saw 131 stocks climb against lagging 47. Dubai Financial Market surged as high as 1....