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SAUDI BASIC INDUSTRIES
US and Iran have agreed to wording of a deal to end their war, Pakistan's Shehbaz Sharif saysPakistan's prime minister announced the U.S. and Iran have agreed on the wording of a deal to end their Middle East war. Mediators are work...- Why oil’s not at $200 after the biggest supply shock in historyGlobal oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US ...
- Forget AC, scientists create salt & water cooling system that works without electricity, keeps temperature near fridge levels for 15 hoursSalt and water AC: Saudi Arabian researchers have developed a novel cooling system, NESCOD, that utilizes ammonium nitrate's endothermic di...
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- Tactical investing: 6 stocks for your watchlist as the Gulf rebuild approaches; 4 with positive upside potential of up to 25%Peace is something that has eluded West Asia a long time. For old Gulf watchers, statements and counter-statements of the kind seen in the ...
- Pakistani delegation arrives in Tehran in move to ease tensions and arrange more US-Iran talksPakistan's army chief is in Tehran for talks aimed at easing Middle East tensions. This visit is part of ongoing mediation efforts for a se...
- Single-use plastic challenging, but brings its own value: Saudi Basic Industries CorpSabic is a founding member of the Alliance to End Plastic Waste, a non-profit organization consisting of 27 global companies to advance sol...
- Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO: SourcesThe company is also sounding out foreign banks for advisory roles and HSBC and JPMorgan are among those in the final phase of pitching for ...
- Major Gulf markets flat in early trade, Dubai extends gainsSaudi Arabia's benchmark index gained 0.3%, with petrochemical firm Saudi Basic Industries rising 1.6%, while Al Rajhi Bank was up 0.3%. Oi...
- Saudi Arabia's SAFCO acquires agri-nutrients business from SABICSAFCO will finance the acquisition by issuing 59.4 million shares, valued at 10 riyals each, to SABIC, raising the fertilizer group's overa...
- SABIC Q3 net profit up 47% as sales volume rises, some impairments reversedSABIC reported a net profit of 1.09 billion riyals ($291 million) in the quarter that ended on September 30, up from 740 million riyals in ...
- Dubai leads major Gulf markets higher in early tradeDubai's main share index rose 0.7%, buoyed by a 14.4% surge in DAMAC Properties as investors hunted for bargains.
- CCI approves Saudi Aramco's acquisition of 70% stake in SABICSABIC CEO Yousef Al-Benyan, said that the $69.1 billion deal would support the company's visions to become a world leader in chemicals.
- Saudi Basic Industries Corp, Korea's SK Global Chemical set up $595 million ventureThe JV between SABIC Industrial Investment Company and SK Global Chemical will own a plant that has been recently completed by SK at its co...
- SABIC opens $100 million technology center in BengaluruBuilt with an initial investment of $100 million, the Bengaluru center is one of 17 SABIC global R&D centers of excellence.
- Middle East to dominate global petrochemicals industry by 2020Petrochemical companies in the Middle East must be prepared to enter a new 'dynamic market' as the region is expected to dominate the indus...
- Saudi petro giant, Saudi Basic Industries Corporation, to set up centres in Bangalore, ShanghaiSaudi Basic Industries Corporation will launch its new centres in Bangalore and Shanghai to host around 500 professionals.
- Saudi Arabia welcomes lifting of anti-dumping duty by IndiaSaudi Arabia welcomed India's decision to lift the 6.5 % anti-dumping duty imposed on polypropylene imported from Saudi suppliers.
- Reliance Industries caught in diplomatic tussle between India & Saudi Arabia over anti-dumping duty on polypropyleneIndia's polypropylene mkt dominated by RIL is occupying centre stage as Saudi Arabia mounts intense pressure on New Delhi to withdraw anti-...
- Punj Lloyd signs LoI for plant in Saudi ArabiaPunj Lloyd Ltd through its subsidiary - Simon Carves has signed a letter of intent (LoI) to build a new 300 ktpa LDPE plant in Saudi Arabia.
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