Mideast Stocks: Factors to watch on August 26

Asian shares retreat from rally, South Korea raises rates

  
Investors look at electronic display boards on the trading floor at the Dubai International Financial Market March. Image for illustrative purposes.

Investors look at electronic display boards on the trading floor at the Dubai International Financial Market March. Image for illustrative purposes.

REUTERS/Mohammed Salem

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 retreat from rally, South Korea raises rates 

* Oil prices fall first day in four as virus concerns return

* PRECIOUS-Gold subdued as investor focus turns to Jackson Hole

* MIDEAST STOCKS-Most major Gulf bourses fall; oil lifts Saudi stocks 

EGYPT

* Egypt to open Rafah crossing with Gaza in one direction for 3 days -sources 

* Egypt taps banks for debt financing plans - sources 

* Egypt's Sodic Q2 Consol Profit Rises

* EGX Says Muhammad Faraj Muhammad Masoud El Muhairby Sells 5.304% Stake In Rowad Tourism

SAUDI ARABIA

* Saudi Arabia launches 2.5 bln riyals initiative to develop information technology - SPA 

* New Saudi-Chinese fund to support tech startups with 1.5 bln riyals -SPA

* Mohammed Hasan Alnaqool Sons Board Proposes Capital Increase

* Aramco Trading to join Platts oil pricing process in Asia

UNITED ARAB EMIRATES

* Abu Dhabi conglomerate IHC eyes investment opportunities in Turkey - CEO

KUWAIT

* Kuwait Real Estate Says Unit Sells Lands In A Real Estate Portfolio For 13.1 Mln Dinars

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


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