|04 July, 2019

Mideast Stocks: Factors to watch on July 4

Here are some factors that may affect Middle East stock markets on Thursday

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 rally on expected Fed rate cuts; euro on defensive

* PRECIOUS- Gold steady as firm equities offset support from weak dollar, rate cut hopes

* Oil prices edge down, pressured by U.S. supply

* MIDEAST STOCKS - Most Gulf markets reverse course, Kuwait extends gains on MSCI upgrade

* Turkey to double forex sales tax on individuals to 0.2% -sources

* Iran will increase uranium enrichment to whatever levels it needs

* Marked drop in annual Turkish inflation opens door to rate cut

* Turkey finalises $2.25 bln eurobond with 6.45% yield to investor

* U.S. sanctions hit Iran oil exports in June - Kpler

SAUDI ARABIA

* Saudi Arabia raises 3 billion with debut euro bond

* Saudi Arabia approves 1.1 bln riyal agricultural funding -tweet

* Canada export agency lifts "closed" status on Saudi Arabia-related business

* Saudi's Al Moammar Information Systems Receives Letter Of Award From Tawuniya

* Banque Saudi Fransi Board Proposes H1 Dividend

* Saudi state defence firm pens deal with South Africa's Paramount

UNITED ARAB EMIRATES

* Abu Dhabi utility shortlists 24 firms for 2000 MW solar plant

* UAE's ADNIC Completes Conversion Of Mandatory Convertible Bonds To Shares

* UAE's Depa Appoints Kevin Lewis As Group CEO

KUWAIT

* Kuwait's Burgan Bank Issues $500 Mln Capital Securities

* Kuwait's Warba Bank plans $500 mln sukuk issue this year - CEO

* Kuwait Foundry Receives CMA Approval To Decrease Capital

BAHRAIN

* Bahrain's NASS Unit Signs Sub-Contracts For BAPCO Modernization Program

QATAR

* Qatar central bank says sells 600 million riyals of t-bills

* Qatar Petroleum cuts June land crude by 10.5 pct, marine by 10.6 pct

OMAN

* OMINVEST Says Jabreen Capital Signs SPA To Acquire 43% Of EastBridge Partners

(Reporting By Dubai Newsroom) ((Dubai.Newsroom@thomsonreuters.com))

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