MIDEAST STOCKS-New labour minister boosts Saudi market, Emaar lifts Dubai | Reuters:
"The Saudi stock market jumped on Sunday after the weekend appointment of a prominent businessman as labour minister, a move widely welcome by the private sector. Ahmed bin Suleiman al-Rajhi is expected to create a friendlier business environment, enhance communication between the public and the private sectors and help support small and medium enterprises, economists said. The Saudi exchange closed up 2 percent, with banking stocks Samba Financial Group and Al Rajhi Bank rising 4.7 percent and 5.2 percent respectively. The new minister is a son of the founder of Al Rajhi."
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