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Election uncertainty, oil price kill construction in Nigeria

ABUJA, March 23 (Reuters) - Political uncertainty over Nigeria's election on Saturday and economic turmoil from low oil prices have delivered a double blow that has slashed revenues and triggered layoffs for businesses across Africa's biggest economy.

Saudis claw back global market share with oil output push

LONDON, March 23 (Reuters) - When Saudi Arabia's oil minister Ali al-Naimi says he does not want the kingdom to lose market share anymore, he really means it.

Ex-Bechtel exec gets 3-1/2 years in prison for taking $5.2 mln in kickbacks

WASHINGTON, March 23 (Reuters) - A former executive at Bechtel Corp was sentenced to 3-1/2 years in prison on Monday for accepting $5.2 million in kickbacks for state-run power contracts in Egypt.

UPDATE 1-S.Arabia: Arabs will take action over Yemen if peace efforts fail

RIYADH, March 23 (Reuters) - Arab countries will take necessary measures to protect the region against "aggression" by Yemen's Iranian-allied Houthi group if a peaceful solution cannot be found to that country's turmoil, Saudi Foreign Minister Saud al-Faisal said on Monday.

Germany outlines plans for reserve power capacity-government paper

FRANKFURT, March 23 (Reuters) - Germany wants to cover power shortfalls with around eight new power stations and without the generous payouts that utilities hoped for, according to an Economy Ministry paper seen by Reuters on Monday.

UPDATE 7-Oil rises to near $56 as weaker dollar offsets Saudi output

* Schlumberger sees higher oil prices in second half of 2015 (Recasts, updates throughout)

UPDATE 2-Egypt, Ethiopia, Sudan sign agreement on Nile dam

* Egypt wants assurances on water flow (Adds details of agreement)

S.Arabia: Gulf Arabs will take measures over Yemen if peace fails

DUBAI, March 23 (Reuters) - Gulf Arab countries will take necessary measures to protect the region against "aggression" by Yemen's Iranian-allied Houthi group if a peaceful solution cannot be found to that country's turmoil, Foreign Minister Saud al-Faisal said on Monday.

Hanergy Opens 60 Stores in China to Broaden Solar Sales Channel

Hanergy Thin Film Power Group Ltd., the Chinese solar power-equipment maker controlled by billionaire Li Hejun, opened 60 retail stores and “user experience centers” across the nation to boost services, sales and brand recognition.

REFILE-UPDATE 4-ChemChina to buy into Italian tyre maker Pirelli in $7.7 bln deal

MILAN, March 23 (Reuters) - China National Chemical Corp (ChemChina) is to buy into Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro ($7.7 billion) deal that will put the 143-year-old Italian company in Chinese hands.

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