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Samsung E&A, GS E&C win 9.6 tril. won deal to build gas plant in Saudi Arabia

Samsung E&A and GS E&C won a mega-sized contract worth $7.2 billion (9.6 trillion won) to widen a gas plant in Saudi Arabia, raising hopes for Korean construction firms to clinch more contracts in the Middle East, according to the presidential office, Wednesday. ....

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33 Canadian poetry collections to watch for in fall 2023

Here are the Canadian poetry collections we are taking note of in the second half of 2023. ....

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China-Saudi Arabia meeting: What did they talk about? What does this mean for US-Saudi relations?

Xi is expected to stay till Friday, mingling with Middle Eastern leaders at the first-ever Arab-China Summit for Cooperation and Development ....

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Elon Musk Sells $3.95 Billion Worth of Tesla Shares Following His Twitter Acquisition

After completing his $44 billion acquisition of Twitter, Elon Musk has sold another $3.95 billion worth of Tesla shares. ....

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Saudi Aramco in Talks to Sell 1 Percent Shares, Beijing-Controlled Fund A Likely Buyer

Saudi Aramco in Talks to Sell 1 Percent Shares, Beijing-Controlled Fund A Likely Buyer
Saudi Arabia plans to sell a 1 percent stake in Aramco, the world’s largest oil company. Based on the company’s market value, the potential sale could be worth $19 billion.
It is believed that the Chinese Communist Party’s sovereign wealth fund China Investment Co., Ltd. (CIC) is most likely to reach a deal with Aramco.
Crown Prince Mohammed bin Salman revealed some details in televised remarks on April 27.
“There are talks now for the acquisition of a 1 percent stake by a leading global energy company in an important deal that would boost Aramco’s sales in … a major country,” he said, “There are talks with other companies for different stakes, and part of Aramco’s shares could be transferred to the (Saudi) Public Investment Fund (PIF) and a part listed … on the Saudi bourse.” ....

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