MIDEAST STOCKS-Gulf markets soft, stimulus plan doesn't buoy Saudi:
"Gulf stock markets were mostly soft in early trade on Thursday, with the Saudi Arabian bourse taking little encouragement from the government’s announcement of a 72 billion riyal ($19 billion) stimulus package.
King Salman issued a royal decree approving 72 billion riyals worth of measures to stimulate growth in the private sector next year.
They include residential loans worth 21.3 billion riyals, a 10 billion riyal fund to support economic projects, and 1.5 billion riyals to support distressed companies. A government fund would invest in smaller companies, and 7 billion riyals of government fees would be returned to companies."
'via Blog this'
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