Shell exits third Saudi project Saudi Basic Industries Corp (Sabic) has agreed to buy out Royal Dutch Shell Plc’s 50% stake in a petrochemical joint venture for US$820m, marking the third project with Saudi Arabia’s largest companies that the Anglo-Dutch company has exited since 2014. Sabic will take over full ownership of the Saudi Petrochemical Company. - Bloomberg Hong Kong retains title of costliest home market

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