Mideast Stocks: Factors to watch on January 10

Major markets log weekly gains; Qatar leads day's gains

  
A man is seen at Dubai Financial Market in Dubai, United Arab Emirates September 16, 2019. Image used for illustrative purpose

A man is seen at Dubai Financial Market in Dubai, United Arab Emirates September 16, 2019. Image used for illustrative purpose

REUTERS/Christopher Pike

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-Stimulus hopes push global equity markets to new records, bonds hit 11-mth lows 

* Oil rises to 11-month high, logs weekly gain on Saudi output cut 

* MIDEAST STOCKS-Major markets log weekly gains; Qatar leads day's gains

* PRECIOUS-Gold, silver slump as U.S. political risks fade, yields gain 

* Iran leader bans import of U.S., UK COVID-19 vaccines, demands sanctions end 

* POLL-Turkey's current deficit at $3.7 bln in Nov, year-end deficit estimates 

* Lebanon central bank says no currency float before IMF agreement 

EGYPT

* Egypt's Delta Sugar targets 330,000 tonnes of output this season - ministry 

* IMF projects Egypt's economy will grow 2.8% in 2020/21 year

SAUDI ARABIA

* Qatar and Saudi Arabia to resume direct flights 

* Saudi king receives first dose of a coronavirus vaccine -SPA 

UNITED ARAB EMIRATES

* UAE to reopen all entry points with Qatar following Gulf dispute thaw 

* No diplomatic ties to Qatar yet, but trade, travel resuming, says UAE 

* UAE starts trials of Russia's Sputnik V coronavirus vaccine as cases rise 

* United Overseas Group to acquire United Arab Chemical Carriers 

* First Abu Dhabi Bank sells $500 mln sukuk as Gulf bonds heat up 

QATAR

* Qatar Airways to resume flights to Saudi Arabia from Monday 

* Enel teams up with Qatar wealth fund on Africa green energy projects 

* BRIEF-Masraf Al-Rayan And Al Khaliji Enteres Into A Merger Agreement

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


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