MIDEAST STOCKS – Factors to watch – May 1 – Reuters

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DUBAI May 1 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


* GLOBAL MARKETS-Yen posts biggest weekly gain since 2008,
stocks slip

* MIDEAST STOCKS-Disappointing earnings hit UAE, Egypt;
Saudi soft

* POLL-Mideast funds reduce cash as markets find floors

* Oil ends steady near $50; best monthly gain in Brent in 7

* OPEC oil output near record high in April as Iran, Iraq
growth offsets outages -survey

* Gold, silver hit 15-month highs as dollar slides

* Sadr followers dig in inside Baghdad’s Green Zone,
political crisis deepens

* Bomb attack on Shi’ite pilgrims in Baghdad kills at least

* Aleppo bombed as Syrian army begins “calm” plan elsewhere

* Iran’s moderates make modest gains in run-off election

* Turkish warplanes hit PKK targets in southeast Turkey,
northern Iraq -sources

* Saudi hands over Houthi prisoners as Yemen peace efforts
inch ahead

* Al Qaeda in Yemen confirms retreat from port city of


* Egyptian central bank keeps key interest rates unchanged

* Egypt’s EGAS buys at least one LNG cargo from Trafigura –
trade sources

* Egypt’s SODIC sees 2016 sales of 4.9 bln Egyptian pounds

* Egypt’s CIB approves extension for Beltone Financial’s
offer for CI Capital

* Yields drop on Egyptian debt at Thursday’s bond auction

* Egypt M2 money supply rises 18 pct in March -central bank


* Potential complications delay Saudi Aramco IPO’s final
form -The Economist

* Saudi builder Binladin terminates 50,000 jobs – newspaper

* Saudi central bank net foreign assets fall $6 bln in March

* Saudi March M3 money supply shrinks 0.4 pct y/y

* Saudi’s Ma’aden appoints Faleh chairman – statement

* Saudi’s Sipchem says to conduct 15-day maintenance at
three units from May 1


* UAE March inflation falls to 1.4 pct

* UAE raises May gasoline, diesel prices

* CME Group fines, bars two UAE futures traders over

* UAE’s Union National Bank Q1 net profit drops 27 pct


* VW executive committee balks at Qatar’s push for seat


* Kuwait signs oil supply deal with Turkey’s Tupras

* Kuwait’s Boubyan Bank gets nod to issue Tier 1 sukuk

* Citi drops out of $1.5 bln financing of Americana sale


* Oman plans to build oil storage terminal near Duqm –

(Compiled by Dubai newsroom)

MIDEAST STOCKS – Factors to watch – May 1 – Reuters}