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BlackRock to host “private” gathering in Riyadh -Bloomberg
Plus: Gates foundation to set up regional HQ in Riyadh and air cargo outfit Cargolux sets up shop in Dammam
Sabic opens world’s first demo plant for electrically-heated steam cracking furnace
The technology could potentially cut emissions from the energy-intensive production process by at least 90%
Banks will lead uptick in corporate earnings in 1Q 2024 –Al Jazira Capital
Al Jazira sees companies in its coverage universe posting a 5.2% rise in net income, led by banks
Sabic has turned in what might be its first-ever net loss
Sabic reported a net loss of SAR 1.7 bn in Q4 2023
Sabic, Fujian Energy Petrochemical JV break ground on world-scale petrochem complex in China
They also signed an undisclosed project financing loan agreement for the complex
Aramco, Mapei get regulatory approvals for separate mergers in Kuwait
Sabic unit Hadeed is still waiting for clearance to buy 100% of Rajhi Steel
Dussur + Baker Hughes opens chemicals manufacturing facility. Plus: Defense, healthcare, education, finance, and tech
Plus: Defense, healthcare, education, finance, and tech
Sabic reaches FID for China petrochem complex
The project comes under a plan by Sabic to diversify its feedstock sources
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