Mideast Stocks: Factors to watch on June 14

World stocks near record high as investors await dovish Fed act

  
Investors walk under a stock index board at the Dubai Financial Market in Dubai, United Arab Emirates, January 8, 2020.

Investors walk under a stock index board at the Dubai Financial Market in Dubai, United Arab Emirates, January 8, 2020.

REUTERS/Christopher Pike

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-World stocks near record high as investors await dovish Fed act  

* Oil holds near multi-year highs amid demand recovery 

* PRECIOUS-Gold prices at 1-1/2-week low on dollar strength as Fed meeting looms  

* MIDEAST STOCKS-Saudi index outperforms as financials boost; Egypt falls  

* Lebanon currency drops to new low as financial meltdown deepens 

* Jordan ex-royal court chief faces trial over alleged monarchy plot  

* Algerian parliamentary election results expected within days, authority says 

* Netanyahu out, Bennett in as Israel marks end of an era  

* Biden welcomes new Israeli government, reaffirms security support  

* EXPLAINER-Who's who in Israel's new patchwork coalition government  

EGYPT

* Egyptian bourse chief expects four IPOs in second half of year 

* France agrees to 1.8 bln euros in financing for Egypt  

SAUDI ARABIA

* Saudi shopping malls open only to vaccinated people from August -State TV  

* Saudi Arabia's Dur and Taiba in merger talks 

* Public Investment Fund bolsters MENA investments division  

* Drone falls on school in Saudi Aseer province, no injuries - state media  

UNITED ARAB EMIRATES

* Two thirds of eligible people in Dubai fully vaccinated against COVID-19  

QATAR

* EXCLUSIVE-Energy majors bid for Qatar LNG project despite lower returns  

KUWAIT

* Kuwait's economy contracted by 9.9% in 2020 - state news agency  

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


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