[Saudi Basic Industries Company sells two major assets worth 6.6 billion yuan] On January 8, 2026, Saudi Basic Industries Corporation (SABIC) announced the sale of two major assets for 6.6 billion yuan (950 million US dollars), selling its European petrochemical business to Aequita for 500 million US dollars and its European and American engineering plastics business to Mutares for 450 million US dollars. The sale of assets covers multiple countries' pharmaceutical production bases and various polymer facilities, aiming to divest non core businesses, alleviate high cost pressures in Europe, concentrate resources on high profit areas and growth markets such as China, and optimize capital returns and cash flow.Editor/Bian Wenjun

Click to see more live >>

• 2026.03.04 09:23
• [Kyrgyzstan's Deputy Prime Minister visits Shandong to promote industrial cooperation]
• Kyrgyzstan's Deputy Prime Minister Basarov led a delegation to visit Shandong Province, China, and held talks with Shandong Provincial Party Secretary Lin Wu. Both sides reached consensus on deepening cooperation in areas such as mechanical manufacturing and industrialization of small and medium-sized enterprises. Kyrgyzstan has proposed a plan to build 250 new production lines, covering areas such as food processing and metal processing. Enterprises in Shandong Province will provide equipment and technical support to promote the implementation of production capacity cooperation.Editor/Gao Xue

• 2026.03.04 09:19
• [China Power Construction signs contract for Montenegro Expressway project]
• China Electric Power Construction and Montenegro State Highway Company officially signed a business contract for the MA highway project in Podgorica. The total length of the project is 23.48 kilometers, with a designed speed of 100 kilometers per hour and four lanes in both directions. This is the first general contracting project undertaken by China Electric Power Construction in Montenegro. After completion, it will improve the regional road network structure, enhance cross-border traffic efficiency, and drive economic and social development along the route.Editor/Gao Xue