Friday 19 December 2014
 
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Sahara

Sipchem Q2 net profit jumps 41pc

Saudi International Petrochemical Co (Sipchem) beat analysts' forecasts with rises in profit margins and sales on Sunday as second-quarter net profit jumped 41 per cent. Sipchem made a profit of 244.6 million riyals ($65.3 mil

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No change in Sipchem growth plans: CEO

Saudi International Petrochemical Co (Sipchem) said its performance and growth plans remain on track despite the recent decision to end merger talks with Sahara Petrochemical. The duo said on Sunday they had decided to postpone me

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Sharjah mall to launch spring offers

Sharjah-based Sahara Centre is set to launch its annual Spring Promotion from January 2. The shopping mall will host one month of activities and prizes under this year’s Safari theme, ‘Hunt for bargains like never befo

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Sharjah mall to add 120 new stores

Sahara Centre, a leading shopping mall in Sharjah, has completed the second phase of its extension, adding more than 120 stores to its retail portfolio. This has about one million sq ft to the total area, resulting in a brand new

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Sipchem Q2 net profit rises 28 pct

Saudi International Petrochemical Co (Sipchem) posted a 27.9 per cent rise in second-quarter net profit on Wednesday, which it attributed to higher sales and improvements made to its plants during the first three months of the year.

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Petchem duo Sahara, Sipchem mull merger

Saudi Arabia's Sahara Petrochemical and Saudi International Petrochemical Co (Sipchem) said on Tuesday they had begun initial talks on a potential merger.   The Zamil Hol

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Algeria ends desert siege with 23 hostages dead

  Algerian troops ended a siege by Islamist militants at a gas plant in the Sahara desert where 23 hostages died, with a final assault which killed all the remaining hostage-takers.   Believed to be

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Despite Syria, world more peaceful this year

Despite an escalating conflict in Syria and mounting civil unrest in Europe, the world became a more peaceful place in the last year, a study showed on Tuesday, highlighting particular improvement in Africa. The Global Peace Index, produce

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Nigeria's Sahara pumps first oil, plans expansion

Nigeria-based energy firm Sahara Group has started pumping its first crude oil and plans to expand trading activities in the Middle East and Asia, the chief executive of its trading division said, as the centre of world oil demand shifts east.

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Tasnee gets $1.36bn loan for new factories

National Industrialization Co (Tasnee) and Sahara Petrochemical have agreed a 5.09 billion riyal ($1.36 billion) loan with nine local banks to fund development of three new factories. The 16-year syndicated loan will finance investment in

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