DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
SABIC - 1 Hadeed - 1 Rachna - 1 David Evans - 1 Joe Biden - 1 Hamad I Mohammed - 1 Md Manzer Hussain - 1 Hugh Lawson - 1
Top related locs:
Saudi DUBAI Bahrain Manama China El
Top related orgs:
Saudi Iron and Steel Company - 2 Public Investment Fund - 2 Thomson - 2 Saudi Basic Industries Corp - 1 National Gas and Industrialization Company - 1 Jadwa Investment - 1 Bahrain Bourse - 1 U.S - 1

Search resuls for: "Hadeed"


3 mentions found


☆ Saudi's SABIC to sell steel unit Hadeed to PIF for $3.3 billion
  + stars: | 2023-09-03 | by ( ) www.reuters.com   time to read: +1 min
DUBAI, Sept 3 (Reuters) - Saudi Basic Industries Corp (2010.SE) said on Sunday it had agreed to sell subsidiary Saudi Iron and Steel Company (Hadeed) to the Public Investment Fund (PIF) for an enterprise value of 12.5 billion riyals ($3.33 billion). SABIC, one of the world's biggest petrochemical companies, reported a massive slump in its second-quarter net profit on lower average sales prices and weaker demand. The fair valuation of Hadeed's net assets is expected to result in a non-cash loss of between 2 to 2.5 billion riyals in Q3 earnings, SABIC said. Separately on Sunday, it was announced the PIF had sold its 10.9% stake in National Gas and Industrialization Company through a private share sale for 491.2 million riyals ($130.96 million). ($1 = 3.7508 riyals)Reporting by Rachna Uppal; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: SABIC, Hadeed, Rachna, David Evans Organizations: Saudi Basic Industries Corp, Saudi Iron and Steel Company, Public Investment Fund, National Gas and Industrialization Company, Jadwa Investment, Thomson Locations: DUBAI, Saudi
☆ Major Gulf bourses fall amid China gloom
  + stars: | 2023-09-03 | by ( Md Manzer Hussain | ) www.reuters.com   time to read: +1 min
FILE PHOTO-Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. The Qatari index (.QSI) fell for a third consecutive session, ending 0.1% lower, with most sectors in the red. Saudi Arabia's benchmark index (.TASI) was down 0.3%, with a 1.3% slump in oil giant Saudi Aramco (2222.SE). The world's biggest oil company is considering selling a stake worth as much as $50 billion, the Wall Street Journal reported on Friday. Outside the Gulf, Egypt's blue-chip index (.EGX30) dropped 0.8%, snapping its winning streak from the six previous sessions, with most sectors in the red.
Persons: Joe Biden, Hamad I Mohammed, Md Manzer Hussain, Hugh Lawson Organizations: Bahrain Bourse, U.S, REUTERS, Qatar National Bank, Commercial Bank, Saudi Aramco, Wall Street, Saudi Basic Industries, Saudi Iron and Steel Company, Public Investment Fund, International Bank, Thomson Locations: Bahrain, Manama, China, Saudi, El
☆ The world's oceans are key to slowing the climate crisis, and this year is critical to guaranteeing their longevity
  + stars: | 2023-01-20 | by ( Freya Graham | ) www.businessinsider.com   time to read: +7 min
But oceans are an important carbon sink — some more effective than rainforests. Leaders at Davos said the role of the ocean in combating climate change has been underestimated. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Understanding 'blue carbon'Plants and trees that grow in coastal waters, such as mangroves, kelp, and seagrass, are all forms of "blue carbon," which means they absorb and store carbon. The Global Biodiversity Framework, agreed at COP15 in Montreal in December 2022, was a big step forward for oceans.
0 next >>
Total: 3