A rethink on waste streams that circles materials back into the economy instead of sending them to the landfill or incinerating them has the potential to collectively save the global economy up to $1 trillion, said an industry expert.
Saudi Basic Industries Corp (Sabic), the world's biggest petrochemical firm by market value, said its first quarter net profit fell 5 percent to 7.27 billion riyals ($1.94 billion) from a year earlier.
The decline has been blamed on hi
More than 200 delegates from 20 countries are taking part in the first Middle East Chemical Week conference and exhibition which runs until Wednesday.
This is the first time that the annual Petchem Arabia Conference and the Middle East Fer
Saudi Basic Industries Corporation (Sabic) has launched its new office in Cape Town, South Africa.
“This new facility will not only strengthen Sabic’s existing business relationships in South Africa, but will also improve the company’s sal
Sustaining profit margins, supply of raw materials and ensuring reliability of production and operations will be some of the issues that will come under discussion at an upcoming summit of fertiliser companies in the region.
Petrochemicals and metals company Industries Qatar blamed weaker commodity prices, new regional capacity and a decline in US demand through 2009 after posting fourth quarter net profit below analysts' estimates.
The company recorded a
Egypt Kuwait Holding's consolidated net profit rose to $131 million in 2009 from $119.6 million a year earlier, the stock exchange said on Sunday.
Egypt Kuwait is a diversified firm with investments in fertilisers, insurance, energy an