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Alba awards new PDS contract to Siemens
(Trade Arabia - 30/08/2016)

Aluminium Bahrain (Alba), one of the world's leading aluminium smelters, has announced that it has awarded Siemens the power distribution system (PDS) contract for Power Station 5 (PS 5), as part of its Line 6 project. Under the terms of this contract,

Chemanol refinances debt worth SR637m
(Arab News - 30/08/2016)

Saudi Arabia’s Methanol Chemicals Co. (Chemanol) has refinanced total Shariah-compliant debt worth SR636.7 million ($169.8 million), according to a bourse statement. Refinancing includes SR327.7 million balance from a SR832 million Islamic loan signed in

NAMA appoints financial advisor to manage right issues
(Tadawul - 07/08/2016)

Nama Chemicals Co. has assigned Aljazira Capital on 06-08-2016 as financial advisor to manage the offering rights issue.

Industries Qatar posts H1 net profit of QR2bn
(Gulf Times - 04/08/2016)

Industries Qatar (IQ) has posted a net profit of QR2bn in the first half of this year, the region’s industrial giant said yesterday. IQ has interests in the production of a wide range of petrochemical, fertiliser and steel products. But the H1 net profit

Alba awards new power plant deal to GE, Gama
(Trade Arabia - 02/08/2016)

Aluminium Bahrain (Alba), one of the largest and modern aluminium smelters in the world, has awarded GE and Gama Consortium the engineering, procurement and construction (EPC) contract for its new power station (PS 5). The plant is part of Alba's Line 6

Lower sales dampen Sipchem’s profitability
(Saudi Gazette - 02/08/2016)

SIPCHEM’s Q2 2016 results missed our as well as consensus estimates by a wide margin. The company’s net profit dropped 76.4% y-o-y to SR26 million (-48.7% q-o-q), while we had expected net profit of SR91 million (consensus: SR57 million). Company’s

Saudi Arabia’s PetroRabigh appoints new CEO
(Gulfnews - 01/08/2016)

Saudi Arabia’s PetroRabigh said on Sunday it had appointed Nasser Al Mahasher as the company’s president and chief executive officer after the resignation of Abdullah Bin Saleh Al Suwailem from the position. According to the statement, Al Mahasher was