RIYADH: Sadara Chemical Co., a joint venture by Saudi Aramco and the Dow Chemical Co., has announced the full operation of its ethylene oxide and propylene oxide pipeline transportation system. The region’s first-of-its-kind system will supply feedstock from the company’s Jubail chemical complex to tenants in the adjacent value park, known as PlasChem Park, according to a
RIYADH: Sadara Chemical Co., a joint venture between oil major Saudi Aramco and US Dow Chemical Co., has posted a 97 percent drop in profit in the first quarter as compared to the same quarter a year earlier. On the back of higher feedstock prices, profits of the giant JV went down from SR1.6 billion ($431 million) to SR45.9 million, a bourse filing showed. The decline in
Ammar Al-Aboud has been director of spending efficiency at the Saudi Ministry of Health since February 2020. His efforts have helped the ministry gain a ranking among the top 400+ government agencies regarding spending efficiency. Al-Aboud is also the founder and vice president of consultation and research of the Supply Chain and Procurement Society, a nonprofit national
RIYADH: Sadara Chemical Co., a joint venture between oil major Saudi Aramco and US Dow Chemical Co., turned into profits last year, erasing losses of SR3.2 billion ($853 million) from a year earlier. On the back of higher selling prices, the giant JV, specialized in producing a wide range of specialty chemicals, reported a net profit for 2021 of SR3.1 billion, a bourse filing
RIYADH: In line with most Gulf stock exchanges, Saudi Arabia’s Tadawul closed lower on Sunday as Russia's war in Ukraine fueled volatility in stock markets. Saudi main index, TASI, slipped 0.62 percent to 12,605 points, while the parallel market, Nomu, shed 0.6 percent to 24,640. Indexes in Qatar, Bahrain, and Kuwait all dropped between 0.1 and 1.1 percent. Oman’s stock