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The TASI (Tadawul All-Share Index) continues to underperform global markets despite reasonable third quarter results and improving economic conditions. The utilities sector is dominated by the Saudi Electricity Company, which...
ExxonMobil Chemical and Saudi Basic Industries Corp (Sabic) launched bids for the first package of their synthetic rubber project in Jubail, Reuters reported. The due date for storage tanks and spheres bids is Nov. 27. The...
We are likely headed for a strange day, the one when China passes the U.S. as the world's leading consumer of fuel. Now, one of the participants in serving China's growing quest for fuel is ExxonMobil (NYSE: XOM), which...
MILAN, Nov 16 (Reuters) - Italian foundry equipment maker Danieli SpA said on Monday the steel plant contract it signed with Saudi Basic Industries Corp (SABIC) is worth $630 million. In a statement on Sunday, SABIC said it...
Saudi Arabia: Saudi Iron & Steel Co. (Hadeed), a unit of Saudi Basic Industries Corp. (Sabic), has signed an agreement with Italy's Danieli & Co. SpA to build a steel plant in the kingdom, Bloomberg has reported. The plant will...
SINGAPORE, Nov. 15 (PNA) -- Hundreds of Filipinos in Singapore thanked President Gloria Macapagal-Arroyo on Friday evening for creating an environment for “global and quality Pinoys” not only here but in all parts of the world.
Saudi Basic Industries Corp (SABIC) came at the top of the largest 100 publicly traded Gulf companies in terms of market value at $64 billion followed by Al-Rajhi Bank at $30 billion and Saudi Telecommunications Company (STC)...
SAUDI KAYAN PETROCHEMICAL CO CLOSES 7.5 PCT LOWER, DRAGS ON INDEX 1230 GMT - Banks were mixed, as Bank Muscat gains 0.8 percent and National Bank of Oman falls 1.8 percent. Saudi's benchmark edges 0.3 percent lower to 6,334...
BEIJING, Nov. 4 (Xinhua) -- Asia's largest refiner, Sinopec Corp. (Sinopec), and Saudi Basic Industries Corp. (SABIC) has inaugurated their new petrochemical complex in north China's Tianjin, China Daily reported Wednesday. The...
To feed expanding refining capacities, China's Sinopec Corp. said on Tuesday it would buy about 1 million barrels of crude per day from Saudi Arabia next year, a volume nearly 30 percent above the current rate. The No.1 refiner...
