Kuwait’s government will invest as much as $1 billion in the initial public offering of Saudi Aramco as the kingdom asks regional allies to bolster the record share sale, according to people familiar with the matter. In other news, the Saudi Arabian construction sector witnessed solid growth in the third quarter, buoyed by SR47.8 billion ($12.7 billion) worth of awarded contracts, according to a report by the US-Saudi Arabian Business Council (USSABC). This is in line with the Saudi non-oil economy further improving in November as a result of continued growth in work orders.

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