Mideast Stocks: Factors to watch on October 27

Stocks slip, short-term yields leap with inflation

  
An investor walks through the Dubai Financial Market after Joe Biden won the U.S. presidency, in Dubai, United Arab Emirates November 8, 2020. Image used for illustrative purpose

An investor walks through the Dubai Financial Market after Joe Biden won the U.S. presidency, in Dubai, United Arab Emirates November 8, 2020. Image used for illustrative purpose

REUTERS/Christopher Pike

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

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Stocks slip, short-term yields leap with inflation

* Oil falls after increases in U.S. crude, fuel stockpiles 

* PRECIOUS-Gold eases on firmer U.S. dollar, yields ahead of c.bank meetings 

* MIDEAST STOCKS-Qatar slides as banks weigh, Egypt gains ahead of c.bank meet 

* Investcorp to launch $500 mln pre-IPO fund, to list fifth Saudi company in 2022 

EGYPT

* Egypt's GASC sets wheat tender for shipment Dec 1-10 

* Egypt's Suez Canal reduces fixed rebate on tolls for LNG carriers to 15% from Nov 1 - circular 

* Eni's discoveries in Egypt's western desert amount to 50 mln barrels of oil equivalent 

SAUDI ARABIA

* Saudi fund says to deposit $3 bln in Pakistan central bank -state news agency 

* Saudi Aramco signs five MoUs as part of initiative to tackle emissions -statement

* Saudi Ma'aden board to weigh whether to pay dividend in December 

* Electrical Industries Quarterly Profit Rises

* Petro Rabigh Posts Qtrly Profit 

UNITED ARAB EMIRATES

* Petrofac Says Contract Awards Expected To Accelerate In 2022 ]

* Abu Dhabi Islamic Bank Egypt Says Bank Holds 98% Shareholding In New Consumer Financing Co 

* Regulator for Dubai's DIFC issues first part of digital assets framework 

* UAE's Adnoc says power grid to be supplied by nuclear, solar energy 

* Alpha Dhabi Holding's Trojan General Contracting Forms JV To Construct Guggenheim Abu Dhabi 

* Ports giant DP World expects container volume growth to moderate in Q4 

QATAR

* Qatar's Milaha Nine-Month Profit Rises 

* Qatar Insurance Posts Nine-Month Profit 

* Doha Bank Nine-Month Profit Rises 

* Qatar Electricity And Water Nine-Month Profit Rises 

* QatarEnergy And Qatar Foundation Sign Solar Energy Cooperation MoUs 

* Qatar's ruler says citizenship laws to be amended, slams excessive tribalism 

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


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