Energy company, Saudi Aramco, increased diesel prices in Saudi Arabia to 1.66 riyals ($0.44) per liter.

Sources expect demand to rise in the first quarter of 2025, when businesses are busy preparing for Ramadan.

Discover how the recycled fiber-based containerboard market in the GCC maintained stability amidst fluctuating costs and rising global interest.

Traders dealing with offshore shipments have faced numerous challenges this year, with a sharp decline in transits in the Panama Canal this year compared to 2023.

Learn about the factors influencing Middle Eastern containerboard price movements, including shifting demand and a changing regulatory landscape

In the methodology price specifications, the shorter names PIX Testliner GCC and PIX Fluting GCC will be used instead of PIX Containerboard Testliner Delivered GCC USD/tonne and PIX Containerboard Fluting Delivered GCC USD/tonne. No other changes have been made to the index methodology. For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Packaging GCC” in […]

From price adjustments in the GCC to shifts in consumption patterns, learn what's driving the latest Middle Eastern containerboard price movements in June

Fastmarkets proposes to amend the payment terms and quantities of three hot- and cold-rolled coil import price assessments for the United Arab Emirates and Saudi Arabia.

Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. Fastmarkets FOEX did not propose any changes to the methodology. The feedback was fully supportive of the current methodology. To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document […]

Unprecedented rainfall in mid-April causes a slowdown in the box business across the UAE, impacting local industries and economies