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SABIC, MAWHIBA sign MoU to support creative students (Saudi Gazette - 31/07/2016)

SABIC and the King Abdulaziz and His Companions Foundation for Giftedness and Creativity (MAWHIBA) signed a memorandum of understanding at the SABIC headquarters in Riyadh on Wednesday to jointly support creative male and female school students at

Sipchem Q2 net profit slumps 76.4pc (Trade Arabia - 28/07/2016)

Saudi International Petrochemical Co (Sipchem) reported a 76.4 per cent slump in second-quarter net profit on Wednesday, as lower sales prices for its products weighed on its earnings for a fifth straight quarter. Sipchem made a profit of SR26 million

SABIC's net profit falls 23.2 percent (Arab News - 28/07/2016)

Saudi Basic Industries Corp. (SABIC), one of the world's largest petrochemicals groups, reported a 23.2 percent drop in second-quarter net profit on Wednesday, extending a earnings slump as lower sales prices continued to weigh. SABIC made a net profit

SABIC studying petchems JV with ExxonMobil affiliate (Arab News - 26/07/2016)

Saudi Basic Industries Corp. (SABIC), one of the world's largest petrochemicals groups, said on Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of US ExxonMobil. The project will be on the United States' Gulf

Aluminium Bahrain Q2 net income tumbles 45.4% (Gulfnews - 25/07/2016)

Aluminium Bahrain (Alba), owner of one of the world’s largest aluminium smelters, reported a 45.4 per cent fall in second-quarter net profit on Sunday. Alba’s net income for the three months to the end of June was 16.28 million dinars ($43.2 million),

Saudi’s PetroRabigh Q2 net profit slides 79.6% (Gulfnews - 25/07/2016)

Saudi Arabia’s Rabigh Refining and Petrochemical Co. (PetroRabigh) reported a 79.6 per cent decrease in net profit in the second quarter on Sunday as petrochemical prices dropped and refinery margins fell. The firm, a joint venture between Saudi Aramco

Safco extends earnings slump (Trade Arabia - 24/07/2016)

Saudi Arabia Fertilizers Company (Safco) met analyst forecasts on Thursday but extended its earnings slump, as its second-quarter net profit halved year on year as product prices remained low. Safco, a unit of Saudi Basic Industries Corp (Sabic), made a

CMA approves Takween Advanced Industries capital hike by rights issue (Saudi Gazette - 24/07/2016)

TAKWEEN Advanced Industries Company submitted a request to the CMA to approve its capital increase by way of rights issue valued at SR600,000,000. The increase will be limited to registered shareholders at the end of trading day of the extraordinary

Ma’aden’s net profit drops 51% year-on-year to SR132 million (Saudi Gazette - 21/07/2016)

MA’ADEN’s Q2 net profit dropped 51% year-on-year to SR132 million, below Al Rajhi Capital’s estimate of SR196 million and consensus estimate of SR157 million, on the back of continuing unfavorable pricing environment for its products. However, lower

Yansab's profit rises to SR689m in 2nd quarter (Arab News - 21/07/2016)

Saudi Arabia's Yanbu National Petrochemical Co. (Yansab) beat analysts' forecasts on Wednesday as its second-quarter net profit trebled due to higher production and sales. The firm, a subsidiary of Saudi Basic Industries Corp. (SABIC), made a net profit

Alba boosts trade ties with Bahrain businesses (Trade Arabia - 20/07/2016)

Aluminium Bahrain (Alba) said that its official delegation recently visited local companies including Taha International Corporation, Bahrain Recycling Plant (BRP) and Crown Industries, to develop business relations. These visits were aimed at enhancing

Maaden’s earnings fall 51% (Arab News - 19/07/2016)

Saudi Arabian Mining Co. (Maaden), the Gulf's largest miner, beat analysts' forecasts despite posting a 51 percent fall in second-quarter net profit on Monday, as sales revenues declined on low commodity prices. The firm made a net profit of SR132.5

Egypt cancels plan to slap levy on PET imports from SABIC (Saudi Gazette - 18/07/2016)

The Egyptian Authority for Combating Subsidies and Dumping – an affiliate of the Central Administration for International Trade Policies in the Ministry of Commerce and Industry in Egypt – ruled that it is not in the public interest to impose tariff on

Toyota first to adopt plasma-coated polycarbonate rear quarter window (Plastic Today - 07/07/2016)

Toyota’s special edition 86 GRMN sports car is the first production vehicle to feature a rear quarter window in polycarbonate (PC) material with a plasma-coat solution designed to deliver the highest level of durability performance. The vehicle,

Maaden unit starts production at copper mine (Trade Arabia - 03/07/2016)

An affiliate of Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, has started commercial production at the Jabal Sayid copper mine, Ma'aden said on Thursday. The mine is operated by Maaden Barrick Copper Company, which is jointly owned by

Maaden unit begins commercial production at copper mine (Arab News - 01/07/2016)

An affiliate of Saudi Arabian Mining Co. (Maaden), the Gulf’s largest miner, has started commercial production at the Jabal Sayid copper mine, Maaden said. The mine is operated by Maaden Barrick Copper Co, which is jointly owned by Maaden and Canada’s

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