Wednesday 5 August 2015
 
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Sahara

Sahara affiliate restarting plant

An affiliate of Sahara Petrochemicals is working on restarting a petrochemical plant after scheduled maintenance, Sahara said on Sunday.   Al Waha Petrochemical had closed its propylene and polypropyl

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Some staff of India's Sahara ‘not paid salaries for months’

Some staff at Indian conglomerate Sahara say they have not been paid for several months, as the company tries to raise $1.6 billion to bail its boss Subrata Roy out of jail. Reuters interviewed 11 employees independently contacted

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Sahara unit signs $522m loan refinancing

Saudi Arabia's Sahara Petrochemical Company said its subsidiary Al Waha Petrochemicals had secured SR1.96 billion ($522 million) from two local lenders to refinance an existing Islamic loan. The previous loan amount wasn't

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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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