|28 July, 2019

Mideast Stocks - Factors to watch on July 28

Positive earnings end Saudi losing streak, COMI weighs on Egypt

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018.

REUTERS/Faisal Al Nasser

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- S&P 500, Nasdaq hit record highs; dollar gains ground

* PRECIOUS- Gold gains as U.S. inflation offsets GDP data

* Oil gains on U.S. economic data, Gulf crude tanker dispute

* MIDEAST STOCKS- Positive earnings end Saudi losing streak, COMI weighs on Egypt

* Turkish lira steady ahead of an expected sharp rate cut

* OPEC+ ministerial panel to meet on Sept. 12 - sources

* Turkish central bank slashes rates below 20% in first shift since crisis

* Turkish central bank net international reserves at $31.65 bln as of July 19

* Forex held by Turkish locals rose to record high of $186.66 bln -cenbank

* Turkey to begin moving central bank, Treasury units to Istanbul -sources

* SoftBank Group's $108 bln Vision Fund 2 draws in Microsoft, Apple

* China's Iran oil imports plunge as U.S. sanctions bite

EGYPT

* Egyptian digital payment firm Fawry sets IPO price at 6.46 Egyptian pounds

* Egypt's GASC seeks soyoil, sunflower oil in tender

* EGX Says Egyptians Abroad For Investment And Development Raises Stake In Egyptians For Housing

* Egypt's Delta Sugar H1 Profit Falls

* Misr Oils And Soap Posts FY Loss

* British Airways to resume flights to Cairo on Friday

SAUDI ARABIA

* Clariant suffers another setback as JV talks with SABIC collapse

* Saudi sovereign fund to cut banks' returns with new $10 billion loan - sources

* Saudi's SABIC Defers Talks With Clariant On Merging Specialties Business

* Saudi's Jabal Omar Development Posts Q2 Profit

* Saudi's Falih says Reliance-Aramco talks on Indian refinery stake continue

* Saudi Electricity Q2 Profit Falls

* Saudi's Al Sorayai Board Decides To Reduce Capital To Amortize Accumulated Losses

* Saudi Arabia bans travellers from Congo before haj over Ebola fears

UNITED ARAB EMIRATES

* Abu Dhabi to raise $109 million a year from new road toll

* Bank Of Sharjah Board Elects Mohammed Bin Saud Al Qasimi As Chairman

* UAE's TAQA Board To Meet On A Shareholder's Request To Remove Some Directors

QATAR

* Qatar's UDC Signs Agreeemnt With QNB, Commercial Bank To Finance Gewan Island Project

* Commercial Bank Receives Regulatory Approval To Sell Treasury Shares

KUWAIT

* Kuwait's Metal And Recycling Q2 Loss Widens

* Kuwait's Qurain Petrochemical Industries Q1 Profit Falls

* Kuwait's Energy House Holding Posts Q2 Loss

BAHRAIN

* Bahrain's Batelco Q2 Profit Rises

* Bahrain's Inovest Q2 Profit Falls

OMAN

* Oman issues $3 bln bonds out of nearly $14 bln in demand

* Oman's top diplomat in Iran talks amid mounting Gulf tensions

(Reporting by Dubai Newsroom) ((dubai.newsroom@thomsonreuters.com))

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