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Zain holds back Saudi stock index, offsets strong oil prices

Reuters Saudi Arabia’s stock market posted a small gain on Wednesday on the back of firm oil prices, seemingly little impressed by heavy investment plans showcased at a major conference in Riyadh. The Saudi index gained 0.3 percent, supported by Saudi Electricity Co (SEC), whose shares rose 4.4 percent after the utility said the Saudi government is considering selling a ...

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Amazon video push aims to attract shoppers

Bloomberg Amazon.com Inc. wants to prevent holiday shoppers from straying to Google’s YouTube and Facebook Inc.’s social-media sites in search of product videos, so the e-commerce giant is working with merchants to match the effort on its website. Pet supplies, baby products, housewares and electronics are the focus of the new push for promotional and instructional videos. Amazon this year ...

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US Air Force’s $2 billion bomber request pays for staff

Bloomberg The $2 billion that the US Air Force wants to spend this fiscal year for the new B-21 bomber would go towards added staffing for contractor Northrop Grumman Corp., software development and producing detailed engineering drawings, according to a top service official. While the items listed by Air Force Undersecretary Matt Donovan were predictable for early work on a ...

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