February 25, 2024

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Saudi Arabia Stocks Experience Minor Decline, Diverse Performance Among Sectors

Saudi Arabia Stocks Experience Minor Decline, Diverse Performance Among Sectors

by EDITORIAL TEAM
1 year ago

Key Points: Saudi Arabia stocks declined, with losses in the Media & Publishing, Agriculture & Food, and Financial Services sectors. Top performers included Saudi Arabian Amiantit Co., Arabian Pipes Company, and Saudi Steel Pipe Company. Declines were seen in Al Baha Investment and Development Company SJSC, Savola Group, and Jadwa REIT Saudi Fund. Market breadth favored rising stocks, with 191 stocks rising, 96 declining, and 14 unchanged. Saudi Arabia stocks experienced a downturn at the close on Sunday, with losses...

Latest February 25, 2024

Nuclear Power Plants Navigating the Complexities with Wisdom, Nuclear Energy

Nuclear Power Plants: Navigating the Complexities with Wisdom

by EDITORIAL TEAM
1 year ago

Nuclear power plants are formidable symbols of human ingenuity and technological advancement in energy production. Yet, their existence raises profound questions about safety, sustainability, and ethical stewardship. As we contemplate the role of nuclear power plants in our energy landscape, it is imperative to reflect on the wisdom they offer, the ethical considerations they evoke, and the balance between risk...

Broadcom Nearing $3.8 Billion Deal to Sell End-User Computing Business to KKR

Broadcom Nearing $3.8 Billion Deal to Sell End-User Computing Business to KKR

by EDITORIAL TEAM
1 year ago

Key Points: U.S. Chipmaker Broadcom is nearing a $3.8 billion deal to sell its end-user computing business to private equity firm KKR. This move aligns with Broadcom's strategy to streamline its portfolio following the acquisition of VMware. KKR emerged as the winning bidder in the auction for Broadcom's EUC unit, surpassing other private equity firms. KKR's involvement underscores its significant...

Hyundai E&C Emerges as Preferred Bidder for Bulgaria's $14 Billion Nuclear Plant Project

Hyundai E&C Emerges as Preferred Bidder for Bulgaria’s $14 Billion Nuclear Plant Project

by EDITORIAL TEAM
1 year ago

Key Points: Hyundai Engineering & Construction Co. was selected as the preferred bidder for a nuclear plant project in Bulgaria. The project involves the construction of two nuclear reactors in Kozloduy with a capacity of 2,200 megawatts each. The Bulgarian parliament approved the decision, signaling Hyundai's competence in nuclear infrastructure development. Negotiations with Kozloduy NPP New Builds PLC are underway,...

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