MIDEAST STOCKS – Factors to watch – Mar 19 – Reuters


DUBAI, March 19 Here are some factors that may
affect Middle East stock markets on Sunday. Reuters has not
verified the press reports and does not vouch for their
accuracy.

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-World stocks touch record high, dollar
decline deepens

* MIDEAST STOCKS-Region surges on Fed but Gulf lags emerging
markets

* Oil prices steady but outlook more bearish

* PRECIOUS-Gold heads for first weekly gain in three as Fed
hurts dollar – Reuters

* Beijing, Saudi Arabia agree to more oil cooperation,
exports to China

* King Salman ends Asia tour, returns to Saudi Arabia
-agency

* Moody’s cuts Turkey’s outlook to “negative” as politics
weigh

* Non-OPEC producers deliver 64 pct of pledged oil output
cuts in Feb -source

* OPEC, non-OPEC panel sees OPEC compliance at 106 pct in
Feb -source

* France’s Total seeks stake in $4 bln Iranian gas field
project

* Iran challenges need to ship out excess material under
nuclear deal

* Total held discussions with Iran’s NIOC over LNG project
-filing

* Sonatrach, Eni pledge to boost investment in Algeria’s
energy sector

* Sonatrach, ENI get 34 bids for Algerian solar power plant
– source

* Libya’s Waha oil field resumes pumping after stoppage due
clashes- engineer

* Morocco’s king names PJD’s Othmani as prime minister

* Turkey’s economy to grow 5 pct or more in 2018 -Erdogan
adviser

* Turkish central bank liquidity steps push funding cost up
some 50 bp – bankers

* EXCLUSIVE-As austerity-hit Egyptians turn to bread, wheat
imports hit new highs

* ANALYSIS-Halfway into 2017’s oil supply cut, Asia remains
awash with fuel

* Iraq’s oil exports dip so far in March after OPEC cut

* Jordan moves ahead with $2.1 bln oil shale power plant

* Turkey will pay all of seized Bank Asya’s foreign debt,
deputy PM says

* EXCLUSIVE-Syrian Kurdish YPG says Raqqa attack to start in
early April

* Thousands flee Iraq’s Mosul as battle edges into Old City

* Pentagon chief, Saudi deputy crown prince discuss fight
against Islamic State

EGYPT

* National Cement in talks to structure EGP 2.1 bln debt
with Petrotrade

* Average yield on Egypt T-bills rise at auction

* Egypt gets offers for soyoil, sunflower oil in tender

* Egypt’s GASC buys 30,000 tonnes of soybean oil, 74,500
tonnes of sunflower oil -trade

* Egypt aims to resume Saudi Aramco oil product imports

* Egypt expects to receive second tranche of the IMF loan in
May or June-fin min

SAUDI ARABIA

* Saudi oil minister says output cuts may be extended if
necessary -Bloomberg

* FACTBOX-Saudi Arabia, China sign deals worth potentially
$65 bln

* Saudi Arabia’s STC, Mobily seek adviser for tower merger
plan

* Saudi Arabia issues tender to buy 1.5 million tonnes
barley – SAGO

* Saudi’s SABIC calls EGM to approve FY dividend of 4
riyals/share

UNITED ARAB EMIRATES

* Banks in stand-off with Etisalat Nigeria over problem loan

* Abu Dhabi Islamic Bank appoints Khamis Buharoun as acting
CEO

* Commercial Bank of Dubai says AGM rejects increase of
capital by 5 pct

* SHUAA Capital says in preliminary talks with GFH Financial
on co’s acquisition

* Middle East Crude-Dubai slips to 1-month low

QATAR

* Qatar takes stake in Rocket Internet’s HelloFresh

* Qatar central bank raises policy rates, cuts reserve
requirement -official

* Qatar International Islamic Bank AGM to discuss sukuk
issue

KUWAIT

* Kuwait’s Alimtiaz Investment says unit signs 149.8 mln
dinars contract with DGCA

* Kuwait’s National Industries FY profit falls

* Kuwait’s Tamdeen Investment board proposes FY cash
dividend

* Kuwait’s Ahli United Bank to authorise board to issue
sukuk, other financing instruments

* Nafais Holding calls meeting to discuss Boubyan
Petrochemical’s offer to buy co’s stake in unit

* EVN AG unit with best offer for sewage treatment project
in Kuwait

* Qurain petrochemical says no shareholders of NAPESCO
accepted acquisition offer

BAHRAIN

* Bahrain’s GFH appoints new chairman, to focus on M&A

OMAN

* Al Izz Islamic Bank convenes EGM to approve additional
tier 1 capital sukuk

* Oman Investment Fund about to close $600 mln loan for
Omantel buy -sources

(Reporting by Dubai Newsroom)

MIDEAST STOCKS – Factors to watch – Mar 19 – Reuters}

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