Mideast Stocks: Factors to watch on March 5

Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts

  
Traders monitor stocks at the Dubai Stock Exchange in the Dubai World Trade Center.

Traders monitor stocks at the Dubai Stock Exchange in the Dubai World Trade Center.

REUTERS/Ahmed Jadallah

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

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asian shares grind higher, virus risks block the way 

* Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts

* MIDEAST STOCKS-Middle East shares decline as coronavirus fears overshadow stimulus 

* PRECIOUS-Gold gains on virus risks, but uptick in stocks caps gains 

* OPEC struggles to win Russian backing for big oil cut amid coronavirus 

* Avoiding hugs, OPEC officials greet with their feet amid virus outbreak 

* Coronavirus has spread to nearly all Iran provinces -president 

* Tunisia suspends northern Italy ferry services over coronavirus 

* Iraq reports second coronavirus death in Baghdad 

* Algeria reports nine new coronavirus cases - health ministry

* Most Lebanese MPs oppose paying debt, even if it means default - Berri

* ANALYSIS-IMF deal seen as only way out for Lebanon 

* EU to offer 60 mln euros for Syria's Idlib - sources 

* Jordan to cut main rates by 50 bps to spur growth

EGYPT

* Egypt bars Qataris over coronavirus fears 

* Egypt plans to sell $500 mln Banque du Caire stake via IPO in April- chairman 

* Egypt's GASC buys 76,000 tonnes of vegetable oils in tender for May 1-20 arrival 

* Egypt executes top militant extradited from Libya 

SAUDI ARABIA

* Saudi-led coalition says it foiled attack on oil tanker off Yemen 

* Saudi Arabia extends pilgrimage suspension to its own citizens

* Saudi Arabia announces second coronavirus case for a citizen coming from Iran through Bahrain 

UNITED ARAB EMIRATES

* Etihad asks cabin crew to take leave as coronvirus hits demand 

* Cycling - Teams in Abu Dhabi hotel instructed to remain in quarantine until March 14 

* Emirates NBD cuts transaction tariffs due to coronavirus concerns 

* UAE's flydubai reports full-year profit as Boeing compensation helps 

QATAR

* Qatar central bank cuts deposit rates by 50 bps 

KUWAIT

* Iraq to halt trade with Iran, Kuwait for a week over coronavirus concerns 

* Kuwait lowers discount rate to 2.5% - central bank tweet 

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

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