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Finance & Markets

Sika Acquires UAE Waterproofing Firm Duproof; Terms Not Disclosed

(RTTNews) - Swiss specialty chemicals company Sika AG (SIKA.SW, SKFOF.PK, SXYAY.PK) on Monday announced the acquisition of Duproof, a Dubai-based waterproofing membranes manufacturer, to strengthen its local presence and expand its market share across construction segments.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

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Saudi Arabia Turns to Singapore for Oil Storage

Saudi Arabia has struck a deal with the Singaporean government to store crude oil in underground caverns in the city-state, Bloomberg reported today.

  • Saudi Arabia partners with Singapore to store crude oil.
  • Jurong Rock Caverns facility can hold 1.47 million cubic meters.
  • Agreement aims to boost supply chain resilience amid Houthi attacks.

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