The fertiliser industry in the Gulf region is growing twice as fast as the global industry average led by the increased investments from petrochemical producers, said a top official.
GCC’s fertiliser production capacity reac
Saudi Arabian Fertiliser Company (Safco) said the start of commercial operations at its Safco-5 plant had been delayed until the first quarter of next year, while the firm also announced a reduced dividend for the first half of 2014.
Petrochemicals and metals company Industries Qatar (IQ) posted a 6 percent drop in fourth-quarter net profit on Monday, citing lower global fertiliser prices, but boosted its divident payout.
The Gulf's second-largest chemical
Arab Fertilizer Association (AFA) board has elected Arab Potash Company (APC) chairman Jamal Al Sarayrah as its chairman in its 79th session held in Manama recently.
Jamal Al Sarayrah, who was appointed chairman of the APC board o
The Arab region is now one of the key urea exporting areas in the world with a share of almost 34 per cent of the total trade, said a leading regional expert at a fertilisers industry forum.
"This share is set to grow thanks
Belarusian potash producer Belaruskali has reached a preliminary deal with a fertiliser marketing company in Qatar, as it seeks a new strategy following a break-up of a trading venture with its Russian partner last week.
Orascom Construction (OCI) , Egypt's biggest listed company, reported a 28 percent drop in net income for the second quarter, pulled lower by start-up costs at new fertiliser factories, as it prepares to split the two busin
Egypt's Orascom Construction Industries will build a $1.4 billion fertiliser plant in Iowa and is buying a US construction firm, as it targets growth outside its main Middle East markets, the company said.
World demand for fertilisers will rise again this season to hit a new record level, driven by growth in emerging economies and strong fundamentals in agricultural markets, the International Fertiliser Industry Association (IFA) said.
Orascom Construction (OCI) , Egypt's biggest listed company, will list the shares of its construction business on the Egyptian stock exchange in a demerger process it hopes to complete in the first quarter of 2012, it said on Wednesday.