Thursday, May 5, 2016

MIDEAST STOCKS-Saudi banks lifted by end of contract freeze for debt-laden builder

DUBAI, May 5 (Reuters) - Banking stocks helped Saudi

Arabia's index rebound from a two-week low on Thursday

after the government ended builder Saudi Binladin Group's ban on

bidding for state contracts, potentially easing the strain on a

company heavily in debt to local lenders.

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