|25 August, 2019

Mideast Stocks: Factors to watch on August 25

Oil prices slide as U.S.-China trade war escalates

Investors are seen at the Dubai International Financial Market in Dubai, UAE February 7, 2018.

Investors are seen at the Dubai International Financial Market in Dubai, UAE February 7, 2018.

REUTERS/Satish Kumar

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-Stocks tumble, yen rallies as U.S. and China escalate trade war

* Oil prices slide as U.S.-China trade war escalates

* PRECIOUS-Gold soars 2% after Powell speech, Trump tweets

* Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

* Fed's commitment to act upstaged by Trump's furor

* Yemen's Houthis attack Saudi Arabia's Abha airport with drones - Al Masirah TV

* UAE minister calls Saudi-UAE coalition a strategic necessity in Yemen

* Israel strikes at Iranian forces in Syria to foil attack -military

* EXCLUSIVE-Sudan needs up to $10 billion in aid to rebuild economy, new PM says

* Qatari envoy says Israel, Hamas committed to truce despite violence

* Britain sends another warship to boost presence in the Gulf

EGYPT

* Egypt's central bank cuts rates by 150 bps after inflation slows

SAUDI ARABIA

* Saudi Arabia to buy 10% of annual wheat from Saudi firms abroad -SAGO

UNITED ARAB EMIRATES

* Takaful Emarat Insurance Board Appoints Tammam Abdullah As Acting CEO

(Reporting by Dubai Newsroom)

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