Recent Posts

SAFCO extends earnings slump as Q2 profit halves

REUTERS Saudi Arabia Fertilizers Co (SAFCO) met analyst forecasts but extended its earnings slump, as its second-quarter net profit halved year on year as product prices remained low. SAFCO, a unit of Saudi Basic Industries Corp, made a net profit of 299 million riyals ($79.7 million) in the three months to June 30, compared with the 596 million riyals it ...

Read More »

G20 countries face calls for action to boost growth

  AFP The world’s leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G20 finance ministers gathered Saturday, with Britain’s vote to leave the European Union threatening more disruption. Central bank chiefs and finance ministers from the world’s top 20 economies met in the southwestern Chinese city of Chengdu, and US ...

Read More »

Terra Firma appoints new Chief Executive Officer

  Bloomberg Terra Firma Capital Partners named Andrew Geczy, the former head of international and institutional banking at Australia & New Zealand Banking Group Ltd, as its new chief executive officer. Geczy will join the UK buyout firm full-time in September, the company said in a statement Thursday. He takes over the role at the UK buyout firm from Tim ...

Read More »
Send this to a friend