SAUDI ARABIA

Saudi petrochemicals companies mostly reported improved profits for the second quarter and the first half of 2014, with better market conditions reflected in higher market capitalization for all players.

State-owned petchems giant SABIC saw profits rise 7% in the second quarter compared to the same period a year earlier with the firm’s market capitalization ending the first half 25% higher than the end-2013 figure (see table).

SABIC CEO Muhammad al-Mady sees the global...