Saudi civil defense lifted danger alerts for Taif and Jeddah.

Egyptian lawmakers will meet on Monday to consider authorizing military support for Saudi Arabia after continued attacks on Saudi by Yemen’s Houthi forces; a senior lawmaker said any support would likely be defensive.

S&P Dow Jones Indices said it has revised rules for classifying stocks as growth or value, adding intangible assets, expected earnings and free cash flow to valuation assessments and removing 12‑month price momentum from growth metrics. The changes, adopted after a recent consultation, will take effect at the annual index reconstitution before market open on Dec. 21. The reclassification could force index-tracking funds to rebalance to match new constituents; analyst James Seifert estimates at least $375bn of passive assets are linked to affected indices. S&P said the move responds to long-running questions over the usefulness of traditional value measures; researchers and managers have pointed to value’s long-term underperformance and flaws in metrics such as price-to-book.