Mideast factors to watch on October 24

Gold trims gains after Powell's comments on inflation 

  
A trader talks on the phone during the opening of the Dubai stock market June 26, 2016. Image for illustrative purpose

A trader talks on the phone during the opening of the Dubai stock market June 26, 2016. Image for illustrative purpose

REUTERS/Ahmed Jadallah

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-Dow posts record closing high, stocks gain for 3rd week; dollar dips 

* Oil hovers below recent highs; ends week up O/R

* PRECIOUS-Gold trims gains after Powell's comments on inflation 

* MIDEAST STOCKS-Saudi at its highest in over 15-years, Qatar edges up 

* Turkey to expel U.S. envoy and nine others, Erdogan says 

* UBS eyes Mideast expansion with new wealth desk in Dubai -memo 

EGYPT

* Egypt has strategic sugar reserves sufficient until Jan-Feb - official 

* EXCLUSIVE-Israel considering new pipeline to boost gas exports to Egypt 

* Water-poor Egypt eyes quadrupling desalination capacity in 5 years 

SAUDI ARABIA

* UPDATE 4-Top oil exporter Saudi Arabia targets net zero emissions by 2060 

* ACWA Power to announce financial closure for Jazan project this week 

* Aramco CEO: Don't demonise hydrocarbons, more spare capacity needed 

* Saudi's Al Babtain Signs Medium-Term Banking Facilities Agreement 

* Yanbu Cement Qtrly Profit Falls 

* Takween Advanced Industries Qtrly Profit Rises 

* Saudi Telecom Board Proposes SAR 1 Per Share Q3 Dividend 

* Saudi Telecom Qtrly Profit Rises 

* Arabian Contracting Services IPO Final Price Set At 100 Riyals/Share - Financial Adviser 

* Nayifat Finance Price Range For Offering Set At SAR 29 – 34 Per Share - Financial Adviser 

UNITED ARAB EMIRATES

* Pragmatic approach needed for climate action, oil and gas remain important, says ADNOC CEO 

* UAE's ADNOC offers 6 LNG cargoes for April-Sept - sources 

* India MRPL seeks to replace ADNOC oil with Saudi grade in Mangalore SPR 

QATAR

* Qatar mandates private health insurance for expatriates 

* Qatar's Ezdan Holding Nine-Month Profit Rises 

* Qatar Energy says it is committed to being trusted supplier to India 

KUWAIT

* Kuwait has begun increasing oil production -KUNA 

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


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