• Sabic revenues hit $11.65bn in Q3; profit $1.5bn

    SELLING PRICES IMPROVE
    Petrochemicals giant Saudi Basic Industries Corporation (Sabic) today announced a revenue of SR43.7 billion ($ 11.65 billion) and a post-tax profit of SR5.6 billion ($1.5 billion) for the third quarter of 2021.

  • Evocargo teams up with RTA for autonomous logistics trials


    Leading autonomous cargo transportation company Evocargo has signed a cooperation agreement with Dubai's Roads & Transport Authority (RTA) to showcase and initiate trials of Autonomous Logistics via its unmanned all-electric hydrogen vehicles.

  • Shell picks Howden compression solutions for huge biofuels plant


    Howden, a leading global provider of mission critical air and gas handling products, technologies and services, will supply compressors for Royal Dutch Shell’s 820,000-tonnes-per-year biofuels facility at Rotterdam in the Netherlands.

  • HKSAR opens first Economic and Trade Office in Dubai


    The Hong Kong Economic and Trade Office in Dubai (Dubai ETO) has commenced operation to assist GCC companies, entrepreneurs, and family offices to set up, retain and expand business operations in Hong Kong.

  • Evocargo inks agreement with RTA


    Autonomous cargo transportation company, Evocargo has signed a cooperation agreement with Roads & Transport Authority (RTA) to showcase and initiate trials of Autonomous Logistics via its unmanned all-electric Hydrogen vehicles.

  • Eight winners at the Meta Cinema Forum Awards 2021


    VOX Cinemas won the Highest Grossing Exhibitor laurels in The Middle East 2020-21 award at the Mena Cinema Forum Awards for generated revenue of $171.7 million in the Middle East from October 2020 to October 2021.

  • Sabic outlines plans for carbon neutrality


    Sabic has outlined plans to achieve carbon neutrality from global operations including reducing the carbon footprint of its cracker at Teesside, UK by up to 60% in phase one, making it one of the world’s lowest carbon-emitting crackers.

  • Belgian-UAE venture creates giant building materials group


    Belgian group Soudal has sealed a strategic partnership with Al Muqarram Industry, a UAE-based manufacturer of waterproofing products and adhesives for the construction industry, thus creating one of the largest building materials group in EMEA region.

  • Infor acquires Lighthouse Systems


    Infor, the industry cloud company, has announced the acquisition of Lighthouse Systems, a leading provider of manufacturing execution system (MES) software for smart manufacturing.

  • TechnipFMC, Saipem announce Surf commercial deal


    TechnipFMC and Saipem have announced that they have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients.

  • Vopak opens industrial terminal on US Gulf Coast


    Royal Vopak has opened an industrial terminal on the US Gulf Coast to serve Gulf Coast Growth Ventures, a joint venture by ExxonMobil and Saudi-based petrochemical major Sabic.

  • Petrofac seals $640m Lithuanian refinery EPC project


    Petrofac, a global provider of oilfield services, has been awarded an engineering, procurement and construction (EPC) contract, valued at EUR550 million ($640 million), from PC ORLEN Lietuva to support an expansion project at its refinery.

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Industry News

Sabic revenues hit $11.65bn in Q3; profit $1.5bn

Petrochemicals giant Saudi Basic Industries Corporation (Sabic) today announced a revenue of SR43.7 billion ($ 11.65 billion) and a post-tax profit of SR5.6 billion ($1.5 billion) for the third quarter of 2021....


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