09.03.2011
- Most Gulf bourses advanced on Tuesday, tracking gains on the Saudi market, as confirmation that state-linked funds had been buying local shares boosted fragile investor sentiment...
02.03.2011
- Saudi Arabian shares suffered the biggest fall in more than two years and oil prices spiked higher on Tuesday as the focus of concern about political unrest spread to the kingdom...
02.03.2011
- BASF is preparing to divest "major parts" of its nitrogen fertilizer business, which is under pressure from low-cost producers in the Middle East. BASF, the world's largest...
02.03.2011
- SABIC said on Tuesday it would build only one rubber plant project, in Jubail on Saudi Arabia's Gulf coast, instead of two as originally planned. When SABIC and Exxon Mobil...
31.01.2011
- Saudi Kayan Petrochemicals on Saturday signed a preliminary agreement with Saudi Acrylic Acid (SAAC) and a joint venture between U.S. Dow Chemical and Saudi Aramco to build a 1.8...
21.01.2011
- One Equity Partners (OEP) has lined up at least four bidders for its majority stake in Germany's Süd-Chemie, putting other investors under pressure to sell, people briefed on the...
20.01.2011
- SABIC said it expects higher sales and profitability this year and throughout 2012 as petrochemical prices return to pre-crisis levels and further output capacity is added. The...
19.01.2011
- Saudi Basic Industries Corp (SABIC) posted a 27% rise in fourth-quarter net profit, meeting average analyst forecasts, driven by higher prices of petrochemical and plastics...
