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  Local
Women's Authority implements Eid clothing initiative
[28 March 2024]
Inauguration of Ramadan charity kitchen in Dhamar
[28 March 2024]
Launching a free medical camp in Ibb
[28 March 2024]
Orphanage care home celebrates Arab Orphan Day
[28 March 2024]
Tourism Ministry commemorates ninth anniversary of Day of Resilience
[28 March 2024]
 
  International
France reinstates funding to UNRWA – provides €30 million in 2024
[28 March 2024]
Dozens of martyrs and wounded in enemy shelling neighborhoods in Gaza City
[28 March 2024]
Sultanate of Oman calls for immediate ceasefire in Gaza Strip
[28 March 2024]
Al-Quds Brigades bombards Kissufim with "Badr-1" rockets and vicinity of Al-Shifa Medical Complex
[28 March 2024]
Zionist soldier killed by resistance fighters in Khan Younis
[28 March 2024]
 
  Reports
Red Sea Ports Corporation...Nine years of steadfastness in face of repercussions of aggression
[28 March 2024]
Expected exchange deal.. Resistance tends to reject it, & Zionist enemy makes up its mind
[25 March 2024]
(Saba) correspondent: Zionist enemy insists on displacing Gaza residents despite talk of progress in its talks with resistance
[25 March 2024]
Zakat Office in Capital Municipality... Specific projects worth Over 4.5 billion riyals
[24 March 2024]
Gaza liberates Arabs & Muslims from complex called “Israel” & exposes America's & West's hypocrisy
[24 March 2024]
 
  US-Saudi Aggression
American-British aggression launch three raids on Hajjah
[15 March 2024]
American-British aggression launch 12 raids on Hodeida
[11 March 2024]
American-British aggression hits farm in Hodeida
[20 February 2024]
Four citizens injured by explosion of leftover military ordnance in Marib
[19 February 2024]
9 raids of US-British aggression on governorates of Sana'a and Hajjah
[04 February 2024]
  Economy
China buys majority stake in Arab mining company
China buys majority stake in Arab mining company
China buys majority stake in Arab mining company
[23/July/2018]


BEIJING, July 23 (Saba) - China's SDIC said, in a statement on Monday, that it would buy the Canadian Nutrien Company's stake in Arab Potash Company, which amounts 28 per cent, for $ 502 million.

SDIC Mining Investment Co., a subsidiary of the Chinese state-owned SDIC, would become the largest shareholder of Arab Potash after the deal, said the statement.

China is the largest consumer of Potash fertilizers and also the largest market for Arab Potash, Reuters reported.

The agreement signed between SIDC and Nutrien will reduce China's dependence on Potash imports and guarantee its food security, the statement added.

SDIC is one of the fastest-growing government enterprises in China. It has investments in the electricity, metallurgy and financial markets sectors, and has been expanding in the agricultural sector in recent years.


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UPDATED ON :Thu, 28 Mar 2024 21:13:08 +0300