Middle-east Arab News Opinion | Asharq Al-awsat

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SABIC Achieves Record Profits Exceeding $3.6 Billion in Q1 2017

by Asharq Al-Awsat | May 2, 2017 | Business

Riyadh – Net profit at Saudi Basic Industries Corp (SABIC), one of the world’s biggest petrochemical producers, jumped 80 percent from a year earlier in the first quarter of 2017 on the back of higher sales prices for its products. SABIC, which is majority...

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Saudi Aramco Chief Executive Officer Khalid al-Falih speaks to the media at the company’s booth during Petrotech 2014, a petrochemicals conference, at the Bahrain International Exhibition Centre in Manama May 19, 2014. REUTERS/Hamad I Mohammed/File Photo – RTX2DC79

New Strategies, Financing Channels for More Industrial Momentum in Saudi Arabia

by Obaid Al-Suhaymi | Apr 6, 2017 | Business

Jubail- Saudi Minister of Energy, Industry, and Mineral Resources Khaled al-Faleh revealed new steps taken by Saudi government to stimulate the industrial sector so it can play its role in the national economy and the domestic product. Faleh noted that the government...

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A view of the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh January 20, 2009. REUTERS/Fahad Shadeed

Reducing Expenditures is Common among Saudi Companies

by Shuja Al-Baqmi | Jan 20, 2017 | Business

Riyadh – Saudi stock market companies continued to announce fiscal results of 2016 one after another. Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemicals groups, announced a 4.5% drop of net profit in 2016. Saudi Telecom Company...

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GE works with the Kingdom to incubate local innovation through the GE Innovation Center.- GE

Saudi Arabia Leads Arab World in Innovation

by Fatah Al-Rahman Youssef | Dec 19, 2016 | Features

Riyadh- Francis Gurry, Director General of the World Intellectual Property Organization (WIPO) said that Saudi Arabia is a model in committing to agreements on intellectual property, applauding the Kingdom’s efforts and cooperation in this field. The Kingdom ranked...

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Falih: Riyadh Meeting China’s Increasing Demand for Energy

by Asharq Al-Awsat | Sep 3, 2016 | Saudi Arabia

Beijing- Minister of Energy Khalid Al-Falih said that his country is ready to meet the increasing demand for energy from China during the upcoming decades, adding that Saudi companies specifically Sabic and Aramco are ready to invest in Chinese regions in partnership...