Saudi Basic Industries Corporation (SABIC)

Industrial giant inks agreement with Italian firm Danieli for construction of Jubail facility.

The Saudi index TASI ends up 0.12 percent to 6,351 points, led higher by SABIC.

Saudi Arabia's benchmark TASI closes at 6,371 points, up 0.89 percent.

News of brokered deal between Saad Group and local creditors peps bank stocks.

PME ranks the region's most powerful people behind the biggest budgets in the industry.

The benchmark TASI rises 2.29 percent at 5,751 points, with SABIC gaining 7.1 percent.

Saudi Arabia's all-share TASI index ended 0.14 percent higher at 5,786.31 points.

Companies will issue bid packages for Jubail plant by year-end, say contracting sources.

SABIC posts 76% drop in Q2 net profit on sharp drop in petrochem, metal prices.

UPDATE 2: Investors mark Saudi Fertilizers higher as divi payout exceeds earnings per share.

Reuters poll cites low prices for Saudi petchem firm's products and lingering impact of 2007 US purchase.

UK bank to oversee Saudi steelmaker’s bank loans, according to sources.

The Kingdom’s muddy investment rules are failing to deter foreign inflows.

No group has claimeed responsibility for incident in Jubail, Tuesday - no casualties.

Saudi's Tadco sees stocks rise 3.6% after news of foreign food project.

UPDATE 1: Chairman says Saudi Arabia will not be as badly hit during global recession.

UPDATE 1: SABIC's stocks decline 4%, Banque Saudi Fansi shed 0.5%.

Under MOU SABIC will provide Sipchem with ethylene olefin in return for carbon monoxide.

Two decades of talks held up by disagreements over exports, human rights.

SABIC's turnover stood at SR19.82bn ($5.29bn) in Q109, down from SR39.98bn in Q108.

SABIC's large fall in profits accounts for much of combined loss, Argaam Business Info. 

Petrochemical and banking shares lead way on better-than-expected earnings numbers.

Saudi exchange gains despite broad decline in global commodities prices over weekend.

Petrochemicals Middle East provides a concise evaluation of the KSA listed petrochemical firms fourth quarter profits decline.

Saudi shares, buoyed by best gains in weeks on global markets, close higher, despite fall in oil price.

The Middle East is fast becoming the epicentre of global ethylene production.

The all share price index closes down 3.47% after US oil prices fell 1% on Friday. 

All-share index falls by 2.06% at close, PetroRabigh drops 5.95%, Saudi Basic Industries down 4.14%.

Feedstock advantage will see Mid East firms power past established global giants.

Oman pet chem producer sourcing raw materials from KSA.

Octal Petrochemicals opens newest facility in Oman making consumer packaging.

Companies must make foreigners redundant first so that nationals can be moved into their positions. 

Saudi Telecom, the Arab world's largest telco, has reported a worse-than expected 62% slump in Q4 profits

Gulf's largest company by market value blames global woes for poor show.

Mohamed Al-Mady, vice chairman and chief executive officer, Saudi Basic Industries Corporation (SABIC), and chairman of the Gulf Petrochemicals and Chemicals Association reveals his hopes and predictions for the year ahead.

Company 35%-owned by SABIC obtains $533mn loan from state-owned SIDF.

Chemical giant Saudi Basic Industries Corp cuts production at European plants amid global economic slowdown.

Plant to have a capacity of 400,000 tonnes, detailed studies needed first.

Firm reviewing project pipeline and scaling back overseas travel and training, CEO says.

Quarterly profit falls 2% to $1.93bn, sales growth down, anticipating decline in demand.

UPDATE 2: Tadawul nosedives 6% as global financial crisis continues to affect investors.

KSB Capital forecasts profit of $1.77bn for petrochemicals giant, down 10.3% year-on-year.

Gulf indices post mixed performances but Riyadh exchange recovers from Sunday's big losses.

Falling oil prices plays part in disappointing day for the region's share traders.

As Dubai stationery shops run low on brown envelopes, what has been the real impact of the latest financial scandals?

The Gulf faces a power shortage of unprecedented proportions, due to rapid growth in consumption.

Production hampered at some of Saudi petrochemical giant's plants in Jubail.

One of the biggest jobs in the Middle East's tightening grip on the world's plastics industry has had a change of owner.

Record quarterly profits of $2.02bn as high oil prices underpin company margins.

UPDATE 1: World's biggest chemicals firm forecast to make Q2 profit of $1.9bn despite US downturn.

Saudi's Maaden appoints Samba subsidiary to oversee $2.47bn share sale.

Petrochemicals firm signs agreement with group of banks to part finance complex in Al-Jubail industrial zone.

Saudi the only loser, with the rest of Gulf's markets all ending up for the day.

Saudi petrochemicals giant says Islamic financial market is developing and ample liquidity in riyal.

World's largest petrochemicals firm hit by US slowdown despite increased Asian demand.

Rocketing steel prices are likely to keep rising this year due to supply shortfall, traders say.

$2.1bn iron ore plant to be built in Saharan state following completion of feasibility study.

Increase, apparently in price of rebar, comes at time of surging demand and supply bottlenecks across region.

The soaring oil price is encouraging farmers worldwide to turn land over to the production of ethanol.

State petrochemicals firm plans to raise production to capitalise on higher prices for products, GM says.

Business is growing for Riyadh-based AES Arabia, despite a lack of interest in wastewater treatment.

Fears US economic slowdown will dampen demand sees Gulf stocks pummelled.

Saudi firm to offer one free bonus share for every five held and 53 cents in dividend for H2.

Petrochemical giant offering alternatives such as training and foreign postings.

Sabic warns high prices may slow growth in US and China and crimp chemicals demand.

Arab Bank has signed a $6.1 bn loan agreement as part of consortium to part-fund Sabic Innovative Plastic's acquisition of GE Plastic.

No progress so far on petrochemical project Chinese firm Shide in Dalian area, chief executive says.

Petrochemical giant rubbishes report claiming subsidiary is involved in plot to increase steel prices.

Firms looking finance projects will struggle in market reeling from global credit crisis, bankers say.

Saudi petrochemicals manufacturer says all loan arrangements are well underway and as scheduled.

World's largest chemical company concerned global credit fears have hurt investor appetite, banks say.

The Saudi chemical company still hopes to invest in Algeria after losing $3 billion chemical complex deal.

If you take a quick look at the map of the Arabian Peninsula, Saudi Arabia appears to engulf the entire region.

Saudi European has secured a murabaha deal to fund its Al-Jubail expansion.

SaudI European Petrochemical (Ibn Zahr) has awarded Honeywell a US$2.9m contract to provide process automation technology for its newest polypropylene plant, the two companies announced last week.

Saudi's SABIC is to borrow up to $29bn by 2012.

It's not every day that you witness US$164,344 being invested every second in and out of the Gulf.

What a fortnight for Saudi Arabia's chemicals industry: $31.6 billion invested by SABIC and Aramco.

The funds are set to help the National Industrial Gases company finance its expansion projects.

Arabian Business has published its '50 Most Admired' list of regional companies.

Saudi Basic Industries Corp. aims to develop chemical projects with state-owned Saudi Aramco.

Only four GCC companies rank on a list of the world's 2000 largest public companies.

Saudi Arabia's petrochemicals giant is reportedly preparing a bid for General Electric's plastics unit.

SABIC and Chinese partner Shide may have to wait a year for approval on a $5.2bn petrochemical facility.

Saudi Basic Industries (Sabic) plans to borrow US $6 billion next year to help finance the construction of the Kayan chemical complex