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Saudi stocks lead Gulf advance as foreigners get access to IPOs

  Bloomberg Saudi Arabian stocks joined gains across most Gulf equities after the kingdom said it would let foreign investors take part in initial public offerings, boosting overseas access to the Middle East’s largest exchange. The Tadawul All Share Index added 0.2 percent at 1:23 p.m. local time, its second straight advance. Abu Dhabi’s ADX General Index rose less than ...

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Nigeria seeks $7 billion to kick-start mines, steel industry

Bloomberg Nigeria is looking for investments of $7 billion in mining and steel over the next decade as it seeks to develop gold and iron ore extraction industries to diversify its oil-dependent economy. One of the government’s priorities is to meet its annual steel demand of 6.8 million metric tons, from a current output of a third of that, produced ...

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Companies cashing in on Pokemon Go

  Paris / AFP Pokemon Go has sent millions of people onto the streets in a worldwide hunt for virtual monsters — and from neighbourhood restaurants to multi-national corporations, businesses smell a profit. “It’s going really well — this is the fourth time we’ve had to restock our Pokemon cuddly toys in two weeks,” said salesman Corentin Flamand, surveying a ...

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