MIDEAST STOCKS-Region mixed, stimulus plan doesn't buoy Saudi:
"Middle Eastern stock markets were mixed 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 measures to stimulate growth in the private sector. 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.
But some of these steps had already been expected, and it remains unclear how quickly they can be implemented and affect the economy. The government plans to introduce a 5 percent value-added tax and domestic energy price rises next year."
'via Blog this'
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