June 10, 2020 / 4:34 AM / a month ago

MIDEAST - Factors to watch - June 10

DUBAI, June 10 (Reuters) - 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.


* GLOBAL MARKETS-Asian shares creep higher as markets wait for Fed

* Oil falls as U.S. inventory rise revives oversupply concerns

* MIDEAST STOCKS-Profit-taking weighs on Dubai; Saudi rises as bank stocks gain

* PRECIOUS-Gold gains as equity rally pauses ahead of Fed verdict

* Palestinian PM says not informed of new UAE aid flight via Israel

* Turkey relaxes coronavirus restrictions further, vows to boost economy

* Russia, China build case at U.N. to protect Iran from U.S. sanctions threat

* EU calls on conflict parties in Libya to withdraw foreign forces

* Lebanon banking association criticises government stats given to IMF


* Egypt, Ethiopia, Sudan resume talks on Blue Nile dam


* Saudi Arabia aims to boost investment with new mining law

* Saudi cabinet commends efforts of OPEC+ and calls on other producers to help stabilize oil market


* Emirates lays off thousands of pilots, cabin crew, plans more job cuts -sources

* Abu Dhabi’s Etihad to operate second flight to Israel carrying Palestinian aid

* Dubai Islamic Bank sells $1 bln in long 5-yr dollar sukuk - document

* Dubai ruler incorporates property firm Meraas into Dubai Holding

* Dubai’s economic downturn continues in May but at slower pace - PMI


* Qatar to lift lockdown in four phases from June 15


* Bahrain releases leading rights activist Nabeel Rajab -lawyer

* BRIEF-GFH Completes $500 Million Sukuk Issuance


* Oman eases some business restrictions, seals off tourist areas

* Oman’s ruler announces 300 million Omani riyals in development projects - state news agency

Compiled by Dubai newsroom

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