Yousef Abdullah Al-Benyan, CEO of Saudi Arabian chemical giant SABIC, has been elected chairman of the Gulf Petrochemicals and Chemicals Association (GPCA) with immediate effect.
The SABIC executive, who was previously vice chairman of the GPCA, takes over from Rashed Saud Al Shamsi, former petrochemicals director at ADNOC. Membership of the GPCA now includes 250 companies from the chemical sector and supporting industries.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Compelling solutions through strategic partnerships
BASF sells a majority stake in its coatings business to the investor Carlyle.
