MIDEAST STOCKS-Gulf markets edge down on Saudi concerns | Reuters:
"Gulf stock markets edged down in early trade on Monday as investors remain concerned about the outlook for the Saudi Arabian market, where shares have been falling because of concern about next year's state budget.
The Saudi index closed down 1.4 percent on Sunday, bringing its losses over four trading days to 6.7 percent, on worries that low oil prices would force Riyadh into spending cuts and tax increases.
Saudi Arabia's weakness is dampening the entire region, even in countries such as the United Arab Emirates, which are relatively well placed to cope with an era of cheap oil."
'via Blog this'
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