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Middle East Shares Mixed, Saudi Stocks Little Changed Ahead of Budget

MidEast shares were mixed, with Saudi stocks little changed as investors awaited the government's budget, expected in coming days.

Investors will be looking to see if the government has had to significantly cut spending due to the drop in revenues caused by the lowest oil prices since 2004.

Oil continues to slide amid fears of an oil glut.

Qatar returned from a holiday on Sunday and slipped.

Saudi Arabia's main index dipped 0.01 percent to 6,930 points, Dubai rallied 2.5% to 3,101 points, Abu Dhabi added 0.9% to 4,191 points, Qatar slipped 0.1% to 9,906 points, Egypt gained 0.8% to 6,762 points, Kuwait firmed 0.8% to 5,614 points, Bahrain eased 0.4% to 1,190 points and Oman rose 0.9% to 5,404 points.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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