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20-Jul-2016

Egypt government says the case of anti-dumping fees on polyethylene terephthalate imports from Saudi Arabia is not yet closed

According to an article in Al Alam Al Youm , a source at the Egyptian government has noted that the case filed regarding imposing anti-dumping fees on imports of polyethylene terephthalate from Saudi Arabia is still under investigation, and that the final decision would be announced next month. The comment of the Egyptian government official comes as a reply to the earlier announcement that was made by the Saudi government about a final decision on the case. Note that polyethylene terephthalate is produced by Saudi Basic Industries Corporation (SABIC) [2010.SE]. (Al Alam Al Youm)   SABIC: SAR83.22 as of 19 July 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD66,576mn, SABIC AB / 2010.SE

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