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Shein faces a challenging test amid tariff tensions and Hong Kong inclusion

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Shein faces a challenging test amid tariff tensions and Hong Kong inclusion

Hyundai fully acquires Boston Dynamics to promote robotics technology

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Hyundai fully acquires Boston Dynamics to promote robotics technology

Al-Yamama for Iron Reveals Italian Partner in Iron Block Production Project

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Al-Yamama for Iron Reveals Italian Partner in Iron Block Production Project

Tadawul (TASI) index closes Thursday up 0.15% amid mixed sector performance

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Tadawul (TASI) index closes Thursday up 0.15% amid mixed sector performance

Thunder: Hot Money Flows Are a Key Driver of the Exchange Rate in Egypt

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23 Hrs
Thunder: Hot Money Flows Are a Key Driver of the Exchange Rate in Egypt
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Saudi SABIC seeks to acquire 50% stake in Rongsheng Chinese subsidiary

Saudi SABIC seeks to acquire 50% stake in Rongsheng Chinese subsidiary

The Saudi Basic Industries Corporation (SABIC) is considering acquiring a stake ranging from 30% to 50% in a subsidiary of the Chinese company "Rongsheng," according to Bloomberg report. This comes as part of a potential investment estimated at around $2.9 billion by "Zhejiang Petroleum & Chemical" in a new project with SABIC, aimed at developing a joint venture in the field of new materials in collaboration with a subsidiary of "Rongsheng." The size of the deal has not yet been disclosed, but it is part of SABIC’s expansion plans in the Chinese market.

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