Saudi Arabia restores perks to state employees, boosting markets

Saudi Arabia reinstated financial allowances for civil servants and military personnel on Saturday after better-than-expected budget figures, ending unpopular cuts to a key perk triggered by low oil prices and cheering the stock market.The Saudi share indexgained 1.0 percent on Sunday, buoyed by expectations of a positive impact from higher disposable incomes on consumer sectors like retail and food.In September, Saudi Arabia cut ministers' salaries by 20 percent and scaled back perks for public