Mideast Stocks: Factors to watch on June 1

Asia stocks reach 3-month peaks, resilient to U.S. riots

  
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020.

Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020.

REUTERS/Lucas Jackson

DUBAI  - Here are some factors that may affect Middle East stock markets on Monday. Reuters has not verified the press reports and does not vouch for their accuracy.

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asia stocks reach 3-month peaks, resilient to U.S. riots

* Oil prices slip as wary traders eye upcoming OPEC+ meeting 

* MIDEAST STOCKS-Saudi gains as lockdown eases; Egyptian blue chips advance 

* PRECIOUS-Gold climbs as U.S. riots spark safe-haven rush 

* Saudi central bank net foreign assets drop by about $20 bln in April 

* Dubai faces 5.5% recession this year as $10 bln debt repayments loom, BofA says 

* Russia has no objection to earlier OPEC+ meeting -sources

* Abu Dhabi announces one week-ban on traffic to and between its main cities, from June 2 

* Two Iranian tankers sail back after delivering fuel to Venezuela -data

* Lebanon must turn reform ideas into reality, U.S. ambassador says 

EGYPT

* Egypt's M2 money supply accelerates to 15.62% Y/Y in April -c.bank 

SAUDI ARABIA

* Saudi Arabia reopens mosques with strict regulations for worshippers

* Saudi Aramco sets June propane price at $350 a tonne, butane at $330 a tonne - document 

* Natixis opens investment banking office in Saudi Arabia 

* Arabian Centres Updates On Partial And Temporary Closure Of Shopping Centres 

UNITED ARAB EMIRATES

* Emirates airline lays off trainee pilots, cabin crew - sources 

* Abu Dhabi Development Fund announces $272 mln support for companies in essential sectors 

* Abu Dhabi Islamic Bank's CEO resigns after about one year in the role 

* MEDIA-UAE Emirate of Sharjah hires banks for $1 bln Sukuk sale - Bloomberg News

QATAR

* Qatar Airways And UNHCR Establish Partnership To Deliver Vital International Aid Supplies 

* Aamal Joins MSCI Qatar Small Cap Index 

*

KUWAIT

* Kuwait's KIPCO FY Profit Rises 

BAHRAIN

* Al Salam Bank Bahrain Launches Virtual Branch To Expand Banking Channels 

OMAN

* Oman's Al Izz Islamic Bank Posts Q1 Loss 

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


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