Mideast Stocks: Factors to watch on May 6

Stocks mostly rise but Nasdaq falls; dollar backs off 2-week high

  
Clocks showing the time in different cities of the world are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. Image used for illustrative purpose

Clocks showing the time in different cities of the world are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. Image used for illustrative purpose

REUTERS/Abdel Hadi Ramahi

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 mostly rise but Nasdaq falls; dollar backs off 2-week high  

* Oil ends little changed, U.S. oil inventories fall  

* PRECIOUS-Gold firms as U.S. yields ease, palladium hovers below record peak  

* MIDEAST STOCKS--Banks, petrochemicals weigh on Saudi; Agility boosts Kuwait  

* Saudi Arabia, Iran held talks more than once in Iraq - Iraqi president  

* Saudi Arabia considers barring overseas haj pilgrims for second year, sources say  

* Israel's president picks Netanyahu opponent Lapid to form government  

* Clashes in Jerusalem ahead of court case on Palestinians' eviction  

* Unlike Trump, Biden arms export policy strikes balance on human rights, economics 

* Ahead of Beirut visit, French minister threatens Lebanese politicians  

EGYPT

* Egypt to close stores, restaurants early for 2 weeks to curb COVID-19  

* Rival powers Turkey and Egypt try to mend ties after long rift  

* First Abu Dhabi Bank Completes Share Transfer Process For Acquisition Of Bank Audi (Egypt)  

SAUDI ARABIA

* Saudi Arabia cuts June crude oil official selling prices for Asia -sources  

* Banque Saudi Fransi Qtrly Profit Up 14.4%  

* Saudi Electricity Posts Qtrly Profit  

UNITED ARAB EMIRATES

* TAQA in talks to buy power plants in Abu Dhabi, plans green bonds, says CFO  

* UAE likely to issue debut federal domestic bonds this year - Moody's  

* OCI confirms potential Abu Dhabi listing for fertilizer JV with ADNOC 

QATAR

* Parsons Awarded $114 Mln Contract By Qatar Public Works Authority To Improve Infrastructure  

KUWAIT

* Kuwait Investment Posts Q1 Profit  

* Kuwait Financial Centre Posts Q1 Profit  

BAHRAIN

* National Bank Of Bahrain Q1 Profit Rises  

* MEDIA-Bahrain says it may monetize oil assets, including pipelines  

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


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