A Saudi Aramco logo sits on display during the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) in Abu Dhabi, United Arab Emirates. (Photographer: Christopher Pike/Bloomberg)

Aramco to Acquire $69 Billion Sabic Stake in Record Mideast Deal

(Bloomberg) -- Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big...