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No interest in taking over Clariant: Sabic

Bloomberg Saudi Basic Industries Corp. has no interest in taking over Clariant AG after the chemicals makers last week halted talks on their high-performance plastics venture, the company’s chief executive officer said. “Our investment in Clariant is a strategic investment, we’re going to continue to look at this investment as a growth opportunity,” Yousef Abdullah Al Benyan told reporters in ...

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Aldar awards contracts worth AED1b for Abu Dhabi projects

ABU DHABI / WAM Aldar Properties on Sunday provided its latest quarterly update on projects under development across its key destinations in Abu Dhabi. According to a statement issued by the company, work on infrastructure in Alreeman, a residential and commercial investment zone in the Alshamkha, which was launched earlier this year, commenced in July following the appointment of Tristar ...

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Careem, NBK in deal for online payments

Emirates Business Careem and National Bank of Kuwait (NBK) on Sunday announced a partnership that will see NBK manage the collection of Careem customer payments. The partnership will facilitate the backend collection of Careem customer payments though NBK. “Through our new partnership with NBK, Careem customer payments will now be collected via NBK. We are delighted to join forces in ...

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