UPDATE 1-MIDEAST STOCKS-Gulf markets rise, Egypt buoyed by World Bank loan promise | Reuters:
"Middle East stockmarkets firmed on Thursday, with Saudi Arabian Mining Co (Ma'aden) rising on news of a major loan and Egyptian shares climbing on the prospect of Cairo receiving $1 billion from the World Bank.
Ma'aden were up 3.9 percent by 0943 GMT after local, regional and international banks committed to a 11.5 billion riyal ($3.1 billion) loan for its phosphate business, replacing existing debt on more favourable terms.
Riyadh's Tadawul index rose 1.1 percent to 7,032.70 points, heading for a third session of gains in the four days since it hit a two-year low on Sunday."
'via Blog this'
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