Saturday 19 April 2014

Yansab Q1 net profit drops 16.7pc

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) missed the average forecast of analysts as it posted a 16.7 percent decline in first-quarter net profit on Monday, citing lower prices for some of its products. The firm, a subsidiary of Saudi Basic Industries Corp (Sabi


Sabic to pay $2.3bn in cash dividend for H2

Saudi Basic Industries Corp (Sabic) has approved its board’s recommendation to distribute SR9 billion ($2.3 billion) in cash dividends at SR3 per share for the second half of last year.   Shareholders registered on the Saudi Stock Exchange (Tadawul) by the


Safco Q1 profit drops 9.6pc

Saudi Arabia Fertilizers Company reported a 9.6 percent drop in first-quarter net profit on Sunday, as prices for its products fell, but the earnings still beat analyst estimates. The company, a unit of Saudi Basic Industries Corp (Sabic), said it made a quarterly net profit of 8


Top German investors for Abu Dhabi industrial forum

The latest industrial and investment opportunities that Abu Dhabi has to offer will be on showcase at the upcoming sixth chapter of the German Industrial Day (GID) in the UAE capital. The event will be hosted by FCF Fox Corporate Finance (FCF) in cooperation with the Abu Dhabi De


UAE's timber trade to grow by 300pc

The UAE timber trade is poised to grow by 300 per cent over the next five years, said leading industry experts on the sidelines of the  'Dubai Woodshow 2014' which was held recently. Positioned as the biggest specialised trade show, The Dubai Woodshow is an annual meeting


Abu Dhabi port handles 'biggest' heavy lift cargo

Abu Dhabi Ports Company (ADPC) has welcomed the largest and longest heavy lift cargo load it has ever handled in the Free Port, next to Zayed Port in Abu Dhabi. Five heavy lift pieces of infrastructure equipment were unloaded for Abu Dhabi Oil Refining Company (Takreer) for the n


EGA to showcase energy efficiency at Wetex

Emirates Global Aluminium (EGA), a jointly-owned UAE-based aluminium conglomerate formed by Mubadala Development Corporation and Investment Corporation of Dubai, will showcase its DX and DX+ reduction cell technologies.   EGA combines the businesses UAE’s


Singapore firm in NIIT deal to train Bahrainis

A Singapore-based oilfield engineering firm has signed a deal with the National Institute for Industrial Training (NIIT) to train Bahrainis in technical careers and hire them in the company's new division in the kingdom. MTQ Corporation deals with oilfield eq

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