Company Insights Sabic Petrochemicals Sabic News Energy China’s energy security is ‘set in stone’ says Aramco CEO Saudi Aramco’s dedication to China’s energy security is “set in stone”, President and CEO of the state oil company Amin Nasser has said. “China has a vitally important place in our global investment strategy,” he said in his speech at the China Development Forum 2024. “Aramco was among the leading direct investors in China last […] March 26, 2024 Trade Tech deal aims to improve UK-Saudi trade engagement The UK and Saudi Arabia signed an agreement on Monday aimed at elevating science and technology links and trade growth opportunities. Officials said the deal will pave the way for the UK and Saudi Arabia to work together on deep science and technology breakthroughs that underpin progress in tackling challenges such as food security and […] March 5, 2024 Opinion Oil & Gas Black gold and realpolitik define GCC-China relations China is playing a growing role in energy transition and economic diversification across all Gulf states March 4, 2024 Manufacturing Sabic reports loss of $747m as product prices tumble Petrochemicals major Saudi Basic Industries Corporation (Sabic) reported a net loss of SAR2.8 billion ($747 million) in 2023, as average product sales fell by a fifth. The losses were also driven by the discontinuation of operations at Hadeed, its steel manufacturing subsidiary, which resulted in a loss of around SAR4 billion. In September 2023, Sabic […] February 28, 2024 Analysis Manufacturing Saudi Arabia joins the dots from minerals to manufacturing Consider for a moment how many different steps there are between digging a lump of iron ore out of the ground in Mauritania and pressing the starter button on a new electric vehicle (EV) in Riyadh. The ore must be mined, concentrated, combined with other elements, put through a furnace, a casting machine, cold- or […] February 13, 2024 Markets Emirates NBD tops Gulf dividend yield rankings Emirates NBD, Dubai’s largest bank, has so far topped the Gulf list of dividend yield pay-outs awarded to shareholders in 2023, Refinitiv data shows. The government-controlled lender, whose shares are up 27 percent in the past 12 months, provides a dividend yield of 6.9 percent based on its closing stock price of February 8. The […] February 9, 2024 Logistics Gulf turns to trucking to bypass Red Sea unrest The Gulf trucking industry is preparing for a surge in business as companies seek alternatives to shipping goods while Red Sea risks persist. Trukker, a UAE-based app that is touted as the Middle East’s Uber for land freight, told AGBI that enquiries from clients interested in using its truck booking and other freight forwarding services […] February 8, 2024 Oil & Gas Aramco awards $3.3bn contract for new gas facilities Saudi Aramco, the world’s largest oil producer, has awarded a $3.3 billion contract to a joint venture between Spain’s Técnicas Reunidas and China’s Sinopec Engineering Group to develop new natural gas liquids (NGL) fractionation facilities in Saudi Arabia. Two engineering, procurement and construction (EPC) contracts were awarded for the Riyas NGL facilities at Jafurah gas […] January 23, 2024 Markets Saudi US treasuries holdings hit two-year high Saudi holdings of US treasuries surged to a two-year high of $128.1 billion in November from a six-year low of $108.7 billion in June, according to newly released data from the US Department of the Treasury. Treasuries are government debt instruments issued by the Treasury and auctioned by the US Federal Reserve, and are considered […] January 22, 2024 Oil & Gas Sabic to commence $6.4bn project in China in 2024 Saudi Basic Industries Corporation (Sabic) will start constructing a $6.4 billion petrochemicals complex in Fujian, China, during the first half of 2024. The Saudi-listed petrochemicals producer announced its final investment decision, which allows the development of the mega complex, after signing a memorandum of understanding (MoU) with the Fujian Provincial Government in 2018. The project […] January 22, 2024 Posts navigation Previous 1 … 4 5 6 … 9 Next
Energy China’s energy security is ‘set in stone’ says Aramco CEO Saudi Aramco’s dedication to China’s energy security is “set in stone”, President and CEO of the state oil company Amin Nasser has said. “China has a vitally important place in our global investment strategy,” he said in his speech at the China Development Forum 2024. “Aramco was among the leading direct investors in China last […] March 26, 2024
Trade Tech deal aims to improve UK-Saudi trade engagement The UK and Saudi Arabia signed an agreement on Monday aimed at elevating science and technology links and trade growth opportunities. Officials said the deal will pave the way for the UK and Saudi Arabia to work together on deep science and technology breakthroughs that underpin progress in tackling challenges such as food security and […] March 5, 2024
Opinion Oil & Gas Black gold and realpolitik define GCC-China relations China is playing a growing role in energy transition and economic diversification across all Gulf states March 4, 2024
Manufacturing Sabic reports loss of $747m as product prices tumble Petrochemicals major Saudi Basic Industries Corporation (Sabic) reported a net loss of SAR2.8 billion ($747 million) in 2023, as average product sales fell by a fifth. The losses were also driven by the discontinuation of operations at Hadeed, its steel manufacturing subsidiary, which resulted in a loss of around SAR4 billion. In September 2023, Sabic […] February 28, 2024
Analysis Manufacturing Saudi Arabia joins the dots from minerals to manufacturing Consider for a moment how many different steps there are between digging a lump of iron ore out of the ground in Mauritania and pressing the starter button on a new electric vehicle (EV) in Riyadh. The ore must be mined, concentrated, combined with other elements, put through a furnace, a casting machine, cold- or […] February 13, 2024
Markets Emirates NBD tops Gulf dividend yield rankings Emirates NBD, Dubai’s largest bank, has so far topped the Gulf list of dividend yield pay-outs awarded to shareholders in 2023, Refinitiv data shows. The government-controlled lender, whose shares are up 27 percent in the past 12 months, provides a dividend yield of 6.9 percent based on its closing stock price of February 8. The […] February 9, 2024
Logistics Gulf turns to trucking to bypass Red Sea unrest The Gulf trucking industry is preparing for a surge in business as companies seek alternatives to shipping goods while Red Sea risks persist. Trukker, a UAE-based app that is touted as the Middle East’s Uber for land freight, told AGBI that enquiries from clients interested in using its truck booking and other freight forwarding services […] February 8, 2024
Oil & Gas Aramco awards $3.3bn contract for new gas facilities Saudi Aramco, the world’s largest oil producer, has awarded a $3.3 billion contract to a joint venture between Spain’s Técnicas Reunidas and China’s Sinopec Engineering Group to develop new natural gas liquids (NGL) fractionation facilities in Saudi Arabia. Two engineering, procurement and construction (EPC) contracts were awarded for the Riyas NGL facilities at Jafurah gas […] January 23, 2024
Markets Saudi US treasuries holdings hit two-year high Saudi holdings of US treasuries surged to a two-year high of $128.1 billion in November from a six-year low of $108.7 billion in June, according to newly released data from the US Department of the Treasury. Treasuries are government debt instruments issued by the Treasury and auctioned by the US Federal Reserve, and are considered […] January 22, 2024
Oil & Gas Sabic to commence $6.4bn project in China in 2024 Saudi Basic Industries Corporation (Sabic) will start constructing a $6.4 billion petrochemicals complex in Fujian, China, during the first half of 2024. The Saudi-listed petrochemicals producer announced its final investment decision, which allows the development of the mega complex, after signing a memorandum of understanding (MoU) with the Fujian Provincial Government in 2018. The project […] January 22, 2024
