MIDEAST STOCKS-Egypt rises to 35-month high on economic stimulus plan | Reuters:
"* Egypt stimulus 25 pct larger than previously thought
* Saudi Hollandi surges on bonus share issue
* Abu Dhabi banks play catch-up to Dubai
* Waha Capital soars on AerCap's plane leasing deal
* Oman outperforms on BP's gas investment plan
By Nadia Saleem
DUBAI, Dec 17 (Reuters) - Egyptian shares rose on Tuesday, lifting the main index to a 35-month high, after the finance minister announced plans for a second economic stimulus package worth around 30 billion Egyptian pounds ($4.4 billion).
The spending, 25 percent more than previously announced and financed partly with aid from the Gulf, is to begin in January. Finance minister Ahmed Galal said 20 billion pounds would be spent on public investment, while the rest would cover a public sector minimum wage.
Cairo's benchmark index rose 1.2 percent to 6,720 points, its highest level since January 2011, before president Hosni Mubarak was ousted."
'via Blog this'
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