Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: SABIC
Saudi SABIC says it expects better Q4 in US market
:: Saudi Basic Industries Corp (SABIC) expects its fourth quarter in the United States will be better than its third quarter, when the firm posted its highest overall net profit since June 2015, its chief executive said on Monday. SABIC,
Saudi Arabia, Iraq discuss economic opportunities in Jeddah meeting
:: Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih discussed economic opportunities in a meeting with visiting Iraqi Oil Minister Jabar Al-Luaibi. Al-Falih told News Agency that they discussed Iraq’s huge mineral reserves, which have yet to be
Saudi’s SABIC ‘very positive’ on 2017 despite oil market uncertainty
:: Saudi Basic Industries Corporation (SABIC) is “very positive” about 2017 despite global challenges, its chief executive said on Tuesday. Yousef Abdullah al-Benyan told reporters in Riyadh the firm was monitoring the global situation, but it was difficult to predict
Saudi stocks gain as banks rise
Middle East stock markets were mixed in quiet trade on Sunday with Dubai falling as Emaar Properties was sold after a fire at one of its luxury hotels. The Saudi and Egyptian markets gained, supported by large-cap bank stocks. Saudi
SABIC Home of Innovation is catalyst for bringing new ideas to industry
At a daylong event in Riyadh, SABIC set the foundation for its Home of Innovation growth initiative by hosting more than 120 leaders from 43 top global, regional and local companies at its SABIC Plastics Application Development Center. Attendees were
SABIC’s Q3 sales drop to SR37.3bn
The Saudi Basic Industries Corporation (SABIC) announced Sunday its third-quarter sales at SR37.3 billion, down from SR48.7 billion compared to the same period last year. SABIC, Saudi Arabia’s largest listed company, had earlier said its third-quarter net profit fell 9.4
SABIC, SK Global Chemical open new industrial facility
SABIC and South Korean petrochemical company SK Global Chemical inaugurated a new industrial plant to manufacture a range of high-performance polyethylene products using the cutting-edge Nexlene Solution Technology. The ceremony was attended by SABIC Chairman Prince Saud bin Abdullah bin
50,000 take part in health awareness drive
The Saudi Basic Industries Corporation (SABIC) has launched a special health awareness campaign to provide the public with information on various medical issues including drug addiction and dental problems. The eight-day Fanar SABIC for Health Program has been inundated with
Companies must innovate to stay ahead: SABIC CEO
In the current economic environment, success is expected to come to only those companies that generate innovative products, services, processes and business models to gain competitive advantage, said Mohamed Al-Mady, SABIC vice chairman and CEO. He was speaking at the
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