MIDEAST STOCKS – Factors to watch – April 7 – Reuters

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DUBAI, April 7 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


* GLOBAL MARKETS-Asia shares inch up as oil surges, dollar

* MIDEAST STOCKS-Egypt slumps as locals dump stocks; Gulf
moves little

* Oil prices up on US inventory draw, but traders warn on
premature rally

* Gold up on Fed caution over rates; higher equities cap

* Asia buys more Mideast heavy crude as Latam supplies fall

* Iraqi PM’s nominee as finance minister withdraws candidacy

* U.S. military could open another base in Iraq – official

* Iranian copper product maker expects to soon use letters
of credit

* Iran to send team to Gulf rival Saudi Arabia to discuss
haj pilgrimage

* India raises Iran credit line to $450 mln

* Turkey’s Simsek says inflation remains a problem

* Sovereign wealth fund deals down 17 pct in first quarter

* Russia sees oil price of $45-$50 per barrel ‘acceptable’
as it prepares for freeze deal – sources


* Cypriot authorities have agreed to extradite EgyptAir
hijacker -MENA

* Egypt’s GASC says seeks wheat for May 10-20 shipment

* Egyptian satellite stops broadcasting Hezbollah-controlled
TV station

* Egyptian pound continues decline on black market on

* Egypt cancels rice tender, says will contract directly if
prices stay high

* Egypt’s El Sewedy Electric to pay dividend of 2 pounds per

* Egypt bans domestic trading of imported wheat

* Egypt’s Madinet Nasr Housing approves bonus share issue

* Egypt’s debts to foreign oil companies up to $3.2 bln –
petro ministry official


* Saudi Arabia signs agreement for $230 mln of aid to

* Islamic Corp for Development of Private Sector launches
$300 mln sukuk – leads


* TABLE-Abu Dhabi Q1 earnings estimates

* TABLE-Dubai Q1 earnings estimates

* Bank of Sharjah seeks shareholder nod for $1.5 bln bond
programme – statement


* Qatar National Bank reports 7.1 pct rise in first-quarter
net profit

* Qatar’s Ahli Bank sets final spread for $500 mln debut
bond issue

* Kidnapped Qatari royal released in Iraq – Qatar ministry

* TABLE-Qatar Q1 earnings estimates


* Petrofac executive paid $2 mln bribe to win oil deal in
Kuwait – the Times

* TABLE-Kuwait Q1 earnings estimates


* TABLE-Oman Q1 earnings estimates

* Oman raises limit for banks’ government bond holdings


* TABLE-Bahrain Q1 earnings estimates

(Compiled by Dubai newsroom)

MIDEAST STOCKS – Factors to watch – April 7 – Reuters}