SAOGE focuses on oil and gas industry's progress

Updated 22 November 2015
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SAOGE focuses on oil and gas industry's progress

DAMMAM: The 7th edition of the Saudi International Oil and Gas Exhibition (SAOGE) opens at the Dhahran International Exhibition Center in Dammam on Monday. The three-day expo is being held with the support of Eastern Province Gov. Prince Saud bin Naif.
Dhahran Expo CEO Mohammed bin Hamad Al-Hussaini said: "We are extremely proud for this honor that Prince Saud is extending to SAOGE 2015; this is a further award to the ever-increasing importance of SAOGE as the best-attended and premier oil and gas exhibition in Saudi Arabia".
The three-day show aims to highlight the development of products in the oil and gas industry, which has taken a pivotal position in the Saudi economy, compared to other commercial industries in the Kingdom, and to other countries that do not have the hydrocarbon raw material, the official said.
He said that gas and oil are the basic raw materials for the manufacturing and consuming industries, in addition to being a key material in the production of a myriad of other chemicals.
He said the Eastern Province (EP) ranked first in the manufacturing materials industry and in the number of factories specialized in those industries, which require the identification of appropriate opportunities to develop the sector, and identify how to increase its products, without direct dependence on raw materials, but the resulting industries.
The SAOGE, which attracts the oil and manufacturing industries’ major investors, will include many contributions and offers from key industry professionals to review the most prominent developments, the new global research and studies in the field of oil industries, its development and protection under the current circumstances, Al-Hussaini added.
The exhibition is an important linking point for companies, distributors and suppliers in the oil sector. It aims at promoting investment by attracting more capital that will contribute in the launch of many projects in the most important national industry sectors in the EP.
Moreover, SAOGE will review through its activities the latest products in the oil industry, the major challenges facing the sector, in addition to many of the solutions that have contributed to raising the level of performance and improve the related services.


Samsung may gain from Huawei’s plight in ongoing trade war: Fitch

Updated 33 min 43 sec ago
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Samsung may gain from Huawei’s plight in ongoing trade war: Fitch

  • The loss of access to Google’s android system may hurt the smartphone sales of Huawei outside China
  • The ratings agency also added that iPhone maker Apple could be another casualty of the trade tensions

Samsung may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies in the wake of US-China trade tensions, according to Fitch Ratings.
Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to Huawei.
The loss of access to Google’s android system may hurt the smartphone sales of the Chinese technology company outside China, thereby giving Samsung a chance to improve its market share, Fitch Ratings said in a statement.
Earlier this month, the US government hit Huawei with severe sanctions as the US Commerce Department blocked the Chinese company from buying American goods amid its escalating trade spat with China.
The ratings agency also added that iPhone maker Apple could be another casualty of the trade tensions between Beijing and Washington, which would accelerate its market share loss in China.