Mideast Stocks: Factors to watch on June 10

Asian shares creep higher as markets wait for Fed

  
Traders react during the opening of the Dubai stock market June 26, 2016. Image used for illustrative purpose.

Traders react during the opening of the Dubai stock market June 26, 2016. Image used for illustrative purpose.

REUTERS/Ahmed Jadallah

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

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asian shares creep higher as markets wait for Fed 

* Oil falls as U.S. inventory rise revives oversupply concerns 

* MIDEAST STOCKS-Profit-taking weighs on Dubai; Saudi rises as bank stocks gain 

* PRECIOUS-Gold gains as equity rally pauses ahead of Fed verdict 

* Palestinian PM says not informed of new UAE aid flight via Israel 

* Turkey relaxes coronavirus restrictions further, vows to boost economy

* Russia, China build case at U.N. to protect Iran from U.S. sanctions threat 

* EU calls on conflict parties in Libya to withdraw foreign forces 

* Lebanon banking association criticises government stats given to IMF

EGYPT

* Egypt, Ethiopia, Sudan resume talks on Blue Nile dam

SAUDI ARABIA

* Saudi Arabia aims to boost investment with new mining law

* Saudi cabinet commends efforts of OPEC+ and calls on other producers to help stabilize oil market 

UNITED ARAB EMIRATES

* Emirates lays off thousands of pilots, cabin crew, plans more job cuts -sources 

* Abu Dhabi's Etihad to operate second flight to Israel carrying Palestinian aid

* Dubai Islamic Bank sells $1 bln in long 5-yr dollar sukuk - document 

* Dubai ruler incorporates property firm Meraas into Dubai Holding 

* Dubai's economic downturn continues in May but at slower pace - PMI 

QATAR

* Qatar to lift lockdown in four phases from June 15 

BAHRAIN

* Bahrain releases leading rights activist Nabeel Rajab -lawyer 

* BRIEF-GFH Completes $500 Million Sukuk Issuance 

OMAN

* Oman eases some business restrictions, seals off tourist areas 

* Oman's ruler announces 300 million Omani riyals in development projects - state news agency

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


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