Petrochemicals and metals company Industries Qatar (IQ) posted a 40 per cent drop in first-quarter net profit on Monday, missing analysts' forecasts.
The Middle East's second-biggest petrochemicals company by market value,
Qatar Petroleum (QP) will go ahead with plans to expand and develop the petrochemical sector in the county after a deal with Shell to develop a $6.4 billion plant was shelved yesterday (January 14), a report said.
QP will be condu
The petrochemical sector in the GCC saw a compound annual growth rate (CAGR) of about 11 per cent over the past 10 years, driven by enhanced capacities across all major sub-sectors, experts said.
The figures were highlighted at a
China will speed up free trade talks with the Gulf Cooperation Council (GCC) states, state media said on Tuesday, as Beijing accelerates efforts to sign such agreements.
China and members of the GCC - Bahrain, Kuwait, Oman, Qatar,
Following a growth rate of 9.1 per cent per annum between 2005 and 2013, the Middle East has become a centre of the global ethylene industry, a report said, adding that production volume in the region is projected to increase by up to another 10
The Middle East chemical industry is projected to grow at a faster pace than the global growth until 2020, with petrochemicals and fertilisers registering Compound Annual Growth Rate (CAGR) of 8.3 per cent and 6.7 per cent, respectively, a repor
Saudi Basic Industries Corp (Sabic), earned SR6.18 billion ($1.65 billion) in the third quarter of the year, compared to SR6.47 billion ($1.72 billion) in the year-earlier period, marking a fall of 4.5 per cent.
Sabic, which is 70
Industries Qatar (IQ) reported a 5 per cent rise in third-quarter net profit on Monday, above analysts' forecasts, halting a sustained slide in profits.
The Middle East's second-biggest petrochemicals company by market val
Egypt plans to invest $14.5 billion in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as part of efforts to overcome an energy crisis that has led to near-daily power cuts and hit company prof