MIDEAST STOCKS-Saudi bourse moves little before reform announcement | Reuters:
"Saudi Arabia's stock market moved little in early trade on Monday before the announcement of details of the kingdom's economic reform plan, while most other Gulf bourses edged down.
The National Transformation Plan (NTP), a key part of efforts to make the Saudi economy less dependent on oil revenue, will be put before the cabinet for approval on Monday, a senior Saudi source told Reuters.
Details of the NTP will be disclosed in daily news conferences with ministers starting on Monday evening. Although it is not clear exactly which economic steps will feature in the news conferences, the wider reform plan includes subsidy cuts, tax rises, sales of state assets, a government efficiency drive and efforts to spur private sector investment.
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