Saturday 25 June 2016
 
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Cost cutting to boost Tasnee profitability

Saudi Arabia's National Industrialization Company (Tasnee) said it expects cost cuts to improve its profitability towards the end of 2016 and by early next year, its chief executive said on Monday. "We can't predict i

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Cost cutting to boost Tasnee profitability

Saudi Arabia's National Industrialization Company (Tasnee) said it expects cost cuts to improve its profitability towards the end of 2016 and by early next year, its chief executive said on Monday. "We can't predict i

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China is the elephant in situation room

  Earlier this month the US National Intelligence Council released its Global Trends 2030: Alternative Worlds report - a document that comes out once per presidential administration - mapping out likely geopolitical trends over t

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Tasnee prices $533m debut sukuk

Saudi Arabia's National Industrialization Co (Tasnee) has priced a 2 billion riyals ($533.3 million) Islamic bond, or sukuk, the first time the petrochemicals firm has tapped the bond markets. The privately-placed, seven-year transaction w

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GE opens three new offices in Iraq

GE today announced the opening of three new offices in Iraq - Baghdad, Basra and Erbil - further exemplifying the company’s 40 year history and commitment to the country. This will drive the company’s long-term operations led by a focus o

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Etisalat's $12bn bid for Zain fails

Abu Dhabi-listed Etisalat's  attempt to buy a stake in Kuwaiti rival Zain for $12 billion has failed, a Zain source said, after the deal's architect walked away.    National Investments Co (NIC), the investment

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Saudi Tasnee seeks $2bn financing

Saudi Arabia's National Industrialization Co (Tasnee) has begun talks with banks to secure financing for a $1.5 billion to $2 billion acrylic acid plant, according to a report. HSBC, Tasnee's financial advisor, is talking to local banks wh

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