Economy

JEDDAH: Stock markets in Saudi Arabia and the UAE soared on Thursday after the price of oil rebounded and the Riyadh government eased investors’ fears by saying it would continue spending heavily on...
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Alcatel-Lucent shares jump 8% on Nokia merger report

HELSINKI: Two of Europe’s top three remaining telecommunications equipment companies, Nokia Networks and Alcatel-Lucent, have revived talks on a possible merger, Germany’s Manager Magazin reported, ci



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