Middle East & Africa

LONDON (ICIS)–Dow reported a net loss of $73m for the first quarter (Q1) on a slump in volumes and sales prices in key segments and important geographies. Net sales for the largest US chemical…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

BARCELONA (ICIS)–Poor demand continues to plague chemical markets around the world, and with no sign of a second-half recovery business leaders should focus on long-term opportunities for chemical…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SHENZHEN, China (ICIS)–UAE’s polyolefin producer Borouge plans to double its production capacity for cross-linked polyethylene (XLPE) – a specialised polymer – to 160,000 tonnes/year by 2025,…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SHENZHEN, China (ICIS)–UAE’s polyolefin producer Borouge plans to more than double its production capacity for cross-linked polyethylene (XLPE) – a specialised polymer – by 2025, company CEO Rainer…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

BARCELONA (ICIS)–The global chemical industry may see future growth driven more by the zero-carbon agenda than by its traditional links to the economy. Net zero agenda might drive industry through…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–Saudi Arabia’s government has transferred another 4% shareholding in Saudi Aramco, this time, to a subsidiary of its sovereign wealth fund – bringing down its direct stake in the…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

LONDON (ICIS)–The drive to net zero is creating opportunities for chemicals demand growth that go beyond the direct link to economic activity and national, and global, industrial production and…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

LONDON (ICIS)–The ICIS Petrochemical Index (IPEX) decreased by 0.5% month on month in March on the back of softer chemical prices in northeast Asia and northwest Europe. The US Gulf was the only…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

HOUSTON (ICIS)–The International Monetary Fund (IMF) warned on Tuesday about a growing risk of a hard economic landing, even as it kept its global GDP forecasts mostly unchanged from January. The…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east

SINGAPORE (ICIS)–Asia’s glycerine market is likely to see more spot interest for May shipments on expectation of a rebound in the Chinese market in the second half (H2) of this year. In this…   Source: https://www.icis.com/rss/publicrss/?free=true&region=middle%20east