MIDEAST STOCKS-Markets rebound; Saudi budget expected next week:
"Middle Eastern stocks rose on Tuesday as oil prices and global equities firmed slightly, and because of expectations that Saudi Arabia's state budget would be announced next Monday.
Investors had been expecting the Saudi budget release this week but Saudi-owned Al Arabiya television reported late on Monday, quoting sources, that it would come on Dec. 28.
Without the threat of an imminent announcement -- the budget is expected to include substantial spending cuts as Riyadh works to shrink its deficit -- short-term investors in Saudi Arabia and the wider region felt more comfortable buying on dips."
'via Blog this'
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