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Saudi Oger seeks buyers for $1bn Arab Bank stake

  Reuters Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank in a deal that could raise about $1 billion for the embattled construction giant, sources aware of the matter said. Oger was one of two large Saudi contractors charged with implementing the kingdom’s grand infrastructure plans before the fall in oil prices ...

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UK no longer among top five investment sites

  Bloomberg The UK dropped out of businesses’ top five locations for investments for the first time in seven years as fears about the country’s plans to exit the European Union added complexity to international deals, consultants Ernst & Young LLP said in a survey of executives. British businesses rank behind investments in the US, China, Germany, Canada and France, ...

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Tesla mulls tie-up with Panasonic on solar energy

  TOKYO / AP US electric car maker Tesla says it plans to start working with Japanese electronics company Panasonic Corp. on solar energy. Tesla’s said on its corporate blog Monday that the companies have signed a non-binding letter of intent to begin collaborating on Panasonic’s production of photovoltaic cells and modules at a facility under construction by San Mateo, ...

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