Monday 2 May 2016
 
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petchem

Saudi surges on petchems, GCC markets mixed

Saudi Arabia's stock market rose strongly in heavy trade on Sunday as firm oil prices boosted petrochemical shares, while other markets in the region were mixed. Riyadh's main index jumped 1.7 percent to 6,699 points, its

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Sabic extends profit slump with 13.2pc Q1 drop

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 13.2 percent drop in first-quarter net profit on Monday, extending a profit slump but beating analysts' forecasts. Sabic mad

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Sabic extends profit slump with 13.2pc Q1 drop

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 13.2 percent drop in first-quarter net profit on Monday, extending a profit slump but beating analysts' forecasts. Sabic mad

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GCC petchem firms ‘must focus on excellence’

GCC producers should focus on commercial and operational excellence and product specialisation, to face the paradigm shift currently sweeping across the Middle East’s petrochemical industry, according to a study. The study c

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GCC petchem firms ‘must focus on excellence’

GCC producers should focus on commercial and operational excellence and product specialisation, to face the paradigm shift currently sweeping across the Middle East’s petrochemical industry, according to a study. The study c

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Oil, global markets weigh on region but Saudi petchems rise

Most Middle Eastern bourses fell on Thursday as investors remained worried by the chronic weakness of oil prices and declines in international bourses, but Saudi Arabia's stock index edged up on the back of petrochemical shares.

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Oil, global markets weigh on region but Saudi petchems rise

Most Middle Eastern bourses fell on Thursday as investors remained worried by the chronic weakness of oil prices and declines in international bourses, but Saudi Arabia's stock index edged up on the back of petrochemical shares.

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Sabic 'can cope with more petchem competition'

Saudi Basic Industries Corp (Sabic) can adapt to any new petrochemicals supply entering the market from outside the kingdom, its acting chief executive said on Monday, as Iran's release from sanctions promises increased global oil supply.

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Sabic 'can cope with more petchem competition'

Saudi Basic Industries Corp (Sabic) can adapt to any new petrochemicals supply entering the market from outside the kingdom, its acting chief executive said on Monday, as Iran's release from sanctions promises increased global oil supply.

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Petchem boosts Saudi market; banks weigh on Abu Dhabi

Petrochemical and small-cap stocks turned around Saudi Arabia's index after early declines on Monday while blue-chip companies dragged other Middle Eastern bourses lower. The Saudi benchmark swung in volatile trade, dipping be

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