Mideast Stocks - Factors to watch on May 3

Saudi outperforms region on oil, ease in lockdown 

  
A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.

A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.

REUTERS/Ahmed Yosri

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-Stocks fall as Trump's China tariff threat adds to fears over virus-hit economies 

* Oil firms, ends with weekly gain, as OPEC+ begins record cuts

* MIDEAST STOCKS-Saudi outperforms region on oil, ease in lockdown 

* PRECIOUS-Gold jumps 1% as Trump threatens new tariffs on China 

* Three new coronavirus cases in Yemen bring total confirmed to 10

* Iran to issue sukuk securities to fund oil, gas projects

* Lebanon banks reject rescue plan as government asks IMF for help 

* U.S. sanctions Iranian-Iraqi businessman over support of Iran's Quds Force 

* UAE calls on all Libyan parties to commit to political process, renews support to Haftar 

* Iraq faces problems cutting 1 mln bpd of crude output -sources

* Emirates, Etihad warn air travel recovery could take three years - business council 

* MENA fund managers to raise Egypt investments, say Saudi Arabia and UAE most vulnerable 

* Saudi Aramco sets May propane and butane prices at $340 a tonne -statement

* Middle East Crude-Benchmarks rise; ESPO discount narrows; Saudis may cut June OSPs

EGYPT

* Egyptian bank net foreign assets plunge in March 

* Unfazed by coronavirus, Egypt's farmers harvest their wheat 

* Egypt's M2 money supply accelerates to 14.82% year-on-year in March 

* Egypt to auction $800 million in dollar-denominated T-bills 

* Lecico Egypt Reopens Unit Lecico For Ceramics After Two Weeks 

SAUDI ARABIA

* Saudi Arabia isolates industrial area in eastern city of Dammam 

* Saudi to take 'strict, painful' measures to deal with coronavirus impact 

* Saudi Feb Merchandise Exports Decline By 14.5% And Imports Rise By 3.2% Y/Y - Govt Data 

* Saudi's Ma'aden Q1 Loss Widens 

* Zain Saudi Q1 Profit Falls 

UNITED ARAB EMIRATES

* Moody's cuts DP World rating, sees growing link to Dubai's credit quality

* Emirates to operate limited passenger services during May - WAM 

* Troubled Finablr reports nearly $1 billion more in debt 

* Dubai's CAFU Sees Nearly 40% Increase In Orders As UAE Relaxes COVID-19 Lockdown 

* Moody's lowers Dubai's Emaar Properties outlook to negative 

* Dubai Islamic Bank's net profit drops 18% amid coronavirus charges 

QATAR

* Qatar Insurance issues $300 mln in perpetual subordinated Tier 2 capital notes - agency 

* Qatar's Barwa Real Estate Q1 Profit Falls 

* Qatar Islamic Insurance Q1 Profit Rises 

* Qatar Petroleum plans job and cost cuts amid market downturn- sources 

KUWAIT

* Kuwait approves listing of Az-Zour North IWP in Boursa Kuwait - statement 

* Kuwait's Jazeera Airways lays off over a third of staff, not seeking state aid 

* Kuwait's KPC informs customers of further crude volumes cuts until Dec- sources 

OMAN

* Oman plans about 30% cut in July crude allocations 

* Oman crude OSP falls to $23.65/bbl for June, lowest since 2002 -DME data

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

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