|05 April, 2020

Mideast Stock - Factors to watch on April 5

Oil price rebound aids major Gulf indexes, Qatar outperforms 

A trader uses his smartphone to follow news of U.S. presidential elections as he monitors a screen displaying stock information at Qatar Stock Exchange in Doha, Qatar November 9, 2016. Image for illustrative purposes.

A trader uses his smartphone to follow news of U.S. presidential elections as he monitors a screen displaying stock information at Qatar Stock Exchange in Doha, Qatar November 9, 2016. Image for illustrative purposes.

REUTERS/Naseem Zeitoon

DUBAI - 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-Global stocks edge lower on economic toll from coronavirus, oil rallies 

* Oil surges more than 13% on hopes of output deal

* MIDEAST STOCKS-Oil price rebound aids major Gulf indexes, Qatar outperforms 

* PRECIOUS-Gold up on bleak U.S. payrolls data; stronger dollar caps gains

* OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse - sources 

* Trump threatens tariffs on oil imports to "protect" U.S. energy workers 

* Texas would curb oil output under broader deal by Trump - regulator 

* EXPLAINER-Antitrust law won't get in the way of U.S. acting to raise oil prices 

* OPEC+ debates biggest-ever oil cut, awaits U.S. efforts 

* U.S. not negotiating with Saudi Arabia, Russia; wants them to reach oil deal - source 

* Deep oil output cuts won't offset unprecedented demand loss - IEA 

* Lebanon central bank to unify parallel FX rate, let small depositors cash out

EGYPT

* Coronavirus hits Egypt's administrative capital and grand museum 

* Egypt and Sudan begin operating joint electricity grid

* Egypt non-oil private sector contracts faster as virus hits - PMI

* Coronavirus cases reported in Egypt jump by more than 100 

* Egypt has strategic wheat reserves to last more than four months -cabinet

SAUDI ARABIA

* Saudi non-oil private sector hits decade-low on coronavirus - PMI 

* Saudi energy minister refutes Russian comments about kingdom's withdrawal from OPEC+ deal 

* Saudi king earmarks $2.4 billion to pay private-sector workers 

* Saudi Arabia brings forward coronavirus curfew start in three areas 

* Saudi authorities lock down several Jeddah neighbourhoods 

UNITED ARAB EMIRATES

* UAE's ADNOC raised oil output to 4.03 mln bpd on April 1 - industry sources 

* Coronavirus hits already sluggish UAE non-oil private sector in March - PMI

* Dubai imposes 2-week lockdown as Gulf states battle spread of coronavirus 

* UAE proposes delaying Expo 2020 until October 2021 due to coronavirus 

* NMC Health's new executive chair vows to recover misused funds 

* UAE lender ADCB says seeks joint administrators for NMC Health 

* Abu Dhabi sovereign fund held 0.675% of Italy's Intesa as of March 25 

* UAE's BPGIC to boost crude oil storage in Fujairah -industry source

* UAE extends suspension of entry for valid visa holders abroad for two more weeks 

* Emirates plans to resume flights in phases from May 1 - sources 

* UAE appoints Abdulhamid Saeed as new central bank governor - government office 

* UAE's Dana Gas delays decision on Egypt assets sale- sources 

QATAR

* MEDIA-Qatar plans to raise $5 billion after oil rout- Bloomberg News 

KUWAIT

* Kuwait to ramp up oil output to 3.15 million bpd in April 

* Kuwait backs OPEC+ meeting, resumes Neutral Zone shipments with Saudi

* Kuwait reports first death from coronavirus outbreak - state news agency 

BAHRAIN

* Gulf Air says transit open again via Bahrain for international travellers

(Compiled by Dubai newsroom) ((dubai.newsroom@thomsonreuters.com))

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