Economy
Sabic polyacetal plant plan makes headway
Saudi Basic Industries Corp. (Sabic) has invited bids for the construction of a 50,000 tons-per-year polyacetal (POM) facility at its affiliate Ibn Sina in Jubail, industry sources said recently.
Sunday, 19 - August 2012
Saudi Telecom Company (STC) has launched the interactive competition “Jaweb SAWA” on the company’s channel on YouTube.
Sunday, 19 - August 2012
Crude demand is weakening, yet markets are firm. Decoupling from the otherwise weak fundamentals, prices have surged in recent weeks, with Brent crude prices closing in at $120 a barrel, up sharply from around $90 a barrel in July, with both, Brent and US crude pace to post their third consecutive weekly gains.
Sunday, 19 - August 2012
The developed world is still caught in a low growth environment. However, with interest rates at record lows and the risk-free rate of return at an even absurdly low level, stocks are being bid up by investors.
Sunday, 19 - August 2012
The combined region of Africa and the Middle East is projected to have some of the strongest growth in food demand and agricultural trade over the coming decade, the “USDA Agricultural Projections to 2021” reported recently.
Sunday, 19 - August 2012
Central Bank of Oman (CBO) said in a recent report that Oman’s budget surplus hit $4.17 billion during the first half of 2012, up from $1 billion a year earlier, Oman News Agency (ONA) reported.
Sunday, 19 - August 2012
Around three-quarters of the world’s inhabitants now have access to a mobile phone and the mobile communications story is moving to a new level, which is not so much about the phone but how it is used, a new report released recently by the World Bank and infoDev, its technology entrepreneurship and innovation program.
Sunday, 19 - August 2012
Qatar Airways announced Friday an expansion of its US route network with the introduction of daily passenger flights to Chicago from April 10, 2013.
Sunday, 19 - August 2012
The index of US leading economic indicators climbed more than forecast in July, and consumer confidence unexpectedly improved this month, signs of sustained expansion in the world’s largest economy.
Sunday, 19 - August 2012
A Qatari government investment fund Friday said it had reached a deal with Spanish company Ferrovial to buy 20 percent of the company that operates London’s Heathrow, Stansted and other British airports.
Sunday, 19 - August 2012
Golden Pass Products LLC, a joint venture of Exxon Mobil Corp and Qatar Petroleum, is seeking US authorities’ permission to export liquefied natural gas from a terminal near the Texas-Louisiana border, the Wall Street Journal said, quoting an executive.
