|08 April, 2019

Mideast Stocks: Factors to watch on April 8

Here are some factors that may affect Middle East stock markets on Monday

An investor looks up at electronic display boards at the Dubai International Financial Market, March 21, 2010. Image for illustrative purposes.

An investor looks up at electronic display boards at the Dubai International Financial Market, March 21, 2010. Image for illustrative purposes.

REUTERS/Ahmed Jadallah

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

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asia shares at 7-mth peak as China talks stimulus

* MIDEAST STOCKS- ADNOC Distribution shines in Abu Dhabi, Saudi drops 

* PRECIOUS- Gold treads water as solid U.S. jobs data lifts risk assets 

* Oil at 5-month highs amid OPEC-led supply cuts, U.S. sanctions

* Sudan suffers total power blackout -ministry of electricity

* Iran, Iraq agree deal to develop two oilfields

* Flood-hit Iran getting no financial aid from abroad due to U.S. sanctions -statement

* MEDIA-Russian expansion in the Middle East is a 'clear reality on the ground,' WEF President says- CNBC

EGYPT

* Egypt's GASC buys 114,000 tonnes of chinese rice in tender- trade

* Egypt cancels raw sugar tender on high prices -trade

* Chinese rice offered lowest at Egypt's GASC tender

SAUDI ARABIA

* Saudi Banks to see double-digit asset growth by early 2020 - Samba CEO

* Saudi private sector keeps momentum but employment shrinks -PMI

* SAUDI'S ALMARAI COMPANY SJSC - Q1 NET PROFIT AFTER ZAKAT AND TAX 336 MLN RIYALS VS 344.9 MLN RIYALS YEAR AGO

* BAWAN CO - COMPLETES TRANSACTION AND REGULATORY APPROVALS RELATED TO TRANSACTION

* MEDIA-Saudi Aramco attracts $30 bln demand for expected $10 bln bond issue- FT

* Saudi central bank revokes licence of Abdulaziz Abdullah Al-Zamil at company's request

* Saudi Exchange Says Foreigners Buy A Net 1.67 Billion Riyals Of Stocks Last Week

UNITED ARAB EMIRATES

* Carlyle Group to acquire a stake in Cepsa of between 30 and 40 percent - Mubadala statement

* DUBAI INVESTMENTS SAYS THE 132/11KV DEWA SUBSTATION IS THE SEVENTH OPERATIONAL SUBSTATION IN TOTAL ACROSS DIP 1 AND 2

* Abu Dhabi orders prompt payments to construction contractors and suppliers

* UAE'S AL KHALEEJ INVESTMENT - SHAREHOLDERS APPROVE DIVIDEND OF 10 PCT OF CAPITAL FOR YEAR 2018

* BRIEF-DGCX’s Spot Gold Contract Receives Shari’ah Certification

* Dubai Islamic Bank Considers Acquiring Noor Bank- Bloomberg , Citing Sources

KUWAIT

* SPECIALITIES GROUP HOLDING - UNIT SIGNS CONTRACT WITH KUWAIT PORT AUTHORITY FOR TOTAL VALUE OF 4.3 MLN DINARS

* KUWAIT BANK LENDING TO PRIVATE SECTOR +5 PERCENT IN FEBRUARY

QATAR

* MAZAYA QATAR SAYS FINAL AGREEMENT HAS BEEN REACHED WITH QF, AND DESPITE THE CURRENT CONDITIONS IN THE REAL ESTATE MARKET AND LOW RENTAL RATES

* QATAR'S EZDAN HOLDING - CALLS EGM TO NULLIFY GOING INTO PRIVATE FROM PUBLIC COMPANY AS DEMANDED BY A SHAREHOLDER

OMAN

* Oman Refreshment Q1 Profit Rises

(Reporting By Dubai Newsroom) ((Dubai.Newsroom@thomsonreuters.com))

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