Credit crunch pressures Mideast petrochemical concerns

12/26/2008 | Financial Times (free content)

Mideast petrochemical giants Industries Qatar and Saudi Arabian Basic Industries have seen their stock price plummet as a result of the global credit crunch, and the outlook for advances in 2009 is bleak. "The fourth quarter will see the worst decline in margins for both Industries Qatar and Sabic in history," said one analyst.

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