Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Italy's Service Sector Contracts for First Time in 16 Months Amid Rising Costs and Weakening Demand 
China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says 
ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
US Dollar Dips as Iran Rejects Ceasefire Amid Rising Middle East Tensions 
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
Trump Administration Plans 100% Tariffs on Pharmaceutical Imports 
Global Markets Waver as U.S.-Iran War Deadline Looms and Oil Prices Surge 
Oil Prices Surge as U.S.-Iran Conflict Threatens Global Supply 
Dollar Holds Steady as Yen Nears Critical 160 Level Amid Iran War Escalation 
Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
India's Services Sector Growth Slows to 14-Month Low in March Amid Rising Costs 
Doosan Heavy Industries & Construction Co. (DHICC) has clinched a 780 billion-won deal to build the Yanbu-4 seawater desalination plant in Saudi Arabia.
The deal was inked by DHICC with a consortium of French energy company Engie SA and Saudi Arabian firms Mowah and Nesma.
The facility, with a capacity of producing 450,000 tons of fresh water per day, will be built in Alrayyis, some 260 kilometers north of the western port city of Jeddah.
The South Korean plant builder is set to complete the construction by 2023.
DHICC is aggressively tapping into the seawater desalination plant market in the Middle East, clinching desalination projects in Kuwait, Saudi Arabia, and Oman since 2016.
