Mideast Stocks: Factors to watch on July 7

Asian shares hit speed bump, China extends sharp rally

  
An investor is seen at the Dubai International Financial Market, in Dubai, UAE April,16, 2018.

An investor is seen at the Dubai International Financial Market, in Dubai, UAE April,16, 2018.

REUTERS/Satish Kumar

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

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asian shares hit speed bump, China extends sharp rally 

* Oil prices fall on demand concerns from U.S. coronavirus case surge 

* MIDEAST STOCKS-Dubai outperforms in weak Gulf, Egypt extends gains

* PRECIOUS-Gold steadies near 8-year high as virus cases surge 

EGYPT

* Egypt reports first drop below 1,000 new COVID-19 cases since May 27

* Export Development Bank Of Egypt Says Unit Gets Factoring Business License 

SAUDI ARABIA

* Saudi Arabia announces haj health measures for domestic pilgrims 

* UPDATE 1-Saudi Arabia's biggest pharmacy firm Nahdi in early talks for IPO -sources 

* Saudi Arabia ups August crude prices to Asia 

* Saudi Arabia raises August crude official selling prices 

UNITED ARAB EMIRATES

* Agthia Group Appoints Alan Smith As Group CEO 

* Abu Dhabi Islamic Bank Raises Foreign Ownership To 40% 

* Amlak Finance, Dubai Land Dept sign property investment deal -Dubai govt

* Air Arabia Abu Dhabi to start operations with flights to Egypt

* UAE central bank to launch new overnight deposit facility 

QATAR

* Qatar coronavirus cases exceed 100,000, Kuwait tops 50,000

BAHRAIN

* Bahrain's GDP growth rates down by 1.1% in Q1 Y/Y - BNA

KUWAIT

* Kuwait's KCPC Gets 4.4 Mln Dinars Construction And Maintenance Works Contract

* Kuwait banking assoc. postpone fees for customers impacted by Covid-19 - Twitter 

* Warba Bank Says Impact Of Loss From Deferral Of Installment Will Be Approx 11 Mln Dinars 

* Burgan Bank Says Impact Of Deferment Losses On Instalments Will Be About 9 Mln 

* Kuwait's KIB Says Loss Of Installments Deferral Would Be Approx KD 7 Mln

* KFH Says Losses From Postponement Of Installments Will Be Around 96 Mln Dinars 

* NBK Says Loss From Deferral Of Installments Will Be Approx 130 Mln Dinars 

* Production resumes at two oilfields shared with Saudi Arabia -Kuwait oil ministry 

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


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