REUTERS Saudi Arabia’s Yanbu National Petrochemical Co (Yansab) beat analysts’ forecasts as its second-quarter net profit trebled due to higher production and sales. The firm, a subsidiary of Saudi Basic Industries Corp (SABIC), made a net profit of 689.3 million riyals ($183.8 million) in the three months to June 30, up from 227.4 million riyals in the same period ...

  BLOOMBERG Saudi Arabian mobile-phone operator Etihad Etisalat Co. started talks with lenders about refinancing 8 billion riyals ($2.1 billion) of debt to get better terms, according to people with knowledge of the matter. Mobily, as the company is known, began discussions with banks after putting the sale of its mobile towers on hold, some of the proceeds of which ...

  Reuters Telecom Egypt, the country’s state-owned landline monopoly, is in talks with banks about a 5 billion Egyptian pound ($563.07 million) loan to acquire a 4G licence, banking sources said. The sources said Etisalat Egypt was also in talks with banks for a 5 billion pound loan to acquire the licence. “TE is negotiating to acquire five billion pounds, ...