November 17, 2019 / 4:42 AM / 23 days ago

MIDEAST - Factors to watch - November 17

DUBAI, Nov 17 (Reuters) - Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Stocks rally, oil gains on revived U.S.-China trade hopes

* Oil prices gain 2% despite concerns about rising supplies

* MIDEAST STOCKS-Financials lift UAE indexes, poor earnings weigh on Egypt

* PRECIOUS-Gold slips as trade optimism derails safe-haven demand

* Ex-finance chief Safadi agrees to be put forward as Lebanon’s PM

* Turkish unemployment rises to 14%, youth jobless at record

* OPEC+ faces “major challenge” from competitors’ surging output - IEA

* Israel says it is probing “harm to civilians” from deadly Gaza air strike

* Ennahda’s choice Jemli tapped to be Tunisia PM, faces big challenge

* Iran’s protests against gasoline price hike turn political - media

* U.S. calls on Libya’s Haftar to halt Tripoli war, warns against Russia’s role

* Lebanon’s Safadi withdraws candidacy to be PM, urges Hariri for the post

* Turkey’s Erdogan says interest rates to fall, inflation to hit single digits in 2020

* Turkey says Kurdish militia attack kills 10 people in Syrian town of Al-Bab

* U.S. Air Force Chief of Staff hopeful Gulf crisis will end soon

EGYPT

* Shell appoints Citi for $1 bln sale of Egypt assets -sources

* Egypt’s central bank makes third straight cut to interest rates

SAUDI ARABIA

* MSCI, S&P Dow Jones, FTSE Russell could fast-track Aramco into indices

* Saudi Sakaka solar project to be launched before end of year -state news agency

* Saudi Aramco IPO could strengthen govt finances, support economy: S&P

UNITED ARAB EMIRATES

* Shams Power Company withdraws statement of fire extinguished at Abu Dhabi’s Shams 1 solar field

* UAE, Egypt plan $20 bln spending on social, economic projects -Abu Dhabi crown prince

QATAR

* MEDIA-Ooredoo said to weigh reducing stake in $4 bln Myanmar unit - Bloomberg

* Qatar Airways signs $4 bln CFM engine order

* Qatar plans change in crude oil official selling prices in Q1 2020 -sources

KUWAIT

* Kuwait’s ruling emir accepts government resignation

* Kuwait’s KNPC says no impact on operations from limited fire at refinery unit

BAHRAIN

* BRIEF-Bahrain’s SICO Q3 Profit Falls

* BRIEF-Bahrain’s GFH Financial Q3 Profit Falls (Compiled by Dubai Newsroom;)

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