The Egyptian government has ended the investigation of preventive measures on its imports of polypropylene product, which is produced by several companies including Saudi Arabian Basic Industries Corporation (SABIC), Petro Rabigh, Tasnie' (...)
Dubai's benchmark index extended its rally to hit a 23-week high on Sunday, with real estate stocks attracting buyers amid renewed momentum in the once-troubled sector.
Other Gulf markets were mixed ahead of third-quarter corporate earnings.
In (...)
Dubai's benchmark index extended its rally to hit a 23-week high on Sunday, with real estate stocks attracting buyers amid renewed momentum in the once-troubled sector.
Other Gulf markets were mixed ahead of third-quarter corporate earnings.
In (...)
The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank "Construction Contracts Index" for the second quarter of this year released Saturday indicated.
NCB Construction Contracts Index reached (...)
Japan's JGC Corp signed a deal valued in the range of $100 to $200 million to expand an ethane cracker for a petrochemicals complex owned by Saudi Aramco and Japan's Sumitomo Chemical, an industry source said.
A JGC spokesman declined to comment on (...)
Makkah Gov. Prince Khaled Al-Faisal announced several development projects worth a total of SR 5.8 billion in Qunfudah and Laith in the Makkah Province. These projects included those that have already been implemented or are under various phases of (...)
South Korean group GS Engineering & Construction and Italy's Saipem have won deals to expand a petrochemical complex in Saudi Arabia for oil giant Saudi Aramco and Japan's Sumitomo Chemical.
A Sumitomo spokeswoman confirmed on Tuesday that the (...)
Saudi Aramco has invited bids for the construction of a new refinery in Jizan, an underdeveloped province bordering Yemen, industry sources said.
Aramco has also asked for revised offers for one of nine construction packages to expand the Rabigh (...)
The Haramain Railway's main station in Makkah will cost SR3.2 billion, Transport Minister Jabara Al-Seraisry said yesterday after inspecting the progress of work at the station.
Al-Seraisry said real estate property valued at more than SR600 million (...)
CAIRO/DUBAI: Optimism for the year ahead lifted Egypt's stock market on Monday, while Gulf bourses were mixed in muted trade as many investors were still away on holidays.
Egypt's benchmark index rose 1.6 percent as some investors took new (...)
CAIRO/DUBAI: Egypt's bourse slumped to a 30-month low on Sunday, leading a regional decline, with pressured world stocks dampening sentiment and a sharp decline in oil prices threatening local fundamentals.
Egypt's main index fell 2.4 percent to (...)
Saudi Arabia's stock exchange took a large hit Saturday, its benchmark index dipping a whopping 5.46 per cent on the back of growing concerns about the world economy after Standard and Poor's cut the United States credit rating.
On Friday, the (...)
Saudi Arabia is planning to lift oil output sharply in June, whatever policy OPEC adopts this week, in an effort to rein in high fuel prices.
Riyadh expects to lift production by more than 500,000 barrels a day (bpd) in June to its highest for (...)
SINGAPORE: Saudi Aramco sold 50,000 tonnes of A180 naphtha for early-November loading from Ras Tanura to a Western trader at $16.00-$17.00 a tonne above Middle East quotes, free-on-board (FOB) basis, pointing to a strong recovery of export prices to (...)
SINGAPORE: Tasweeq is keeping its plant condensate premiums for third quarter at about $21 a ton above Middle East quotes on a free-on-board (FOB) basis, unchanged from second-quarter, causing a buyer to forego the parcels for the stated period due (...)
SINGAPORE: Middle East fuel oil prices rose $1.75 a ton this week amid peak summer demand while cuts in refinery operation rates globally limit fuel oil production.
Regional fuel oil prices were pegged at about $6.50 a ton, versus about $4.75 a (...)
CAIRO: The Middle East markets raised $4.72 billion from 13 IPOs in the second quarter of 2008 compared to $3.9 billion in the same period in 2007, said Ernst & Young in a press statement.
Capital raised was 20 percent higher than amounts (...)