Fitch Ratings has maintained its ‘deteriorating’ sector outlook for global chemicals for 2026, reflecting structural oversupply and demand destruction risks triggered by increasing production costs, despite temporary tightness due to disruption in the Strait of Hormuz.
Saudi Arabia's National Company for Glass Industries (Zoujaj) has announced that it has resumed operations at a production line that was damaged by a fire last year, while raising its estimate of repair costs and business interruption losses.
Qassim Cement Company has signed an agreement with the Saudi Industrial Development Fund (SIDF) to secure key funding for the construction of a fourth production line at its Buraydah plant that will help replace certain production lines and boost its capacity to 10,000 tonnes per day.
Emirates Global Aluminium (EGA) said it had made ahead-of-schedule progress in restoring production at its Al Taweelah site after the facility sustained significant damage during Iranian attacks on Abu Dhabi's Khalifa Economic Zone in March that forced an emergency shutdown.
As the Artificial Intelligence (AI) initiatives move from experimentation to production, fragmented log management from too many tools is emerging as a key barrier to operational scale. The rapid growth of AI workloads is pushing traditional log management approaches to their limits, said an expert.
As the Artificial Intelligence (AI) initiatives move from experimentation to production, fragmented log management from too many tools is emerging as a key barrier to operational scale. The rapid growth of AI workloads is pushing traditional log management approaches to their limits, said an expert.
Saudi Arabia's oil sector is poised for a strong recovery next year as export routes gradually normalise and crude production returns to pre-disruption levels, according to Riyad Capital, which forecasts oil-sector growth of 14.3% in 2027.
Egypt has announced a new natural gas discovery in the Nile Delta, with projected production of 50 million cu ft per day (mmcf/d) following the drilling of the exploratory well (Nidoco N-2) in the West Abu Madi area, co-operated by Italy’s Eni and the UK’s British Petroleum.
For ADNOC’s portfolio of listed companies, the UAE’s decision to conclude its membership of OPEC and OPEC+ removes a constraint that has historically limited how investment in capacity translates into activity and earnings, said a WAM news agency report.
Sadara Chemical, a joint venture between Saudi oil giant Aramco and US chemicals firm Dow, has announced that it has temporarily shut down production at its parent-operated plant. Sadara Chemical operates a complex in Jubail with an annual production capacity of 3 million MT of chemicals and plastics.
