Mideast Stocks: Factors to watch on February 2
- Date: 02-Feb-2021
- Source: Zawya
- Sector:Financial Markets
- Country:Middle East
Mideast Stocks: Factors to watch on February 2
* Oil prices rise as producers commit to output restraint * MIDEAST STOCKS-UAE markets lead gains, Saudi Arabia declines * PRECIOUS-Silver drops from 8-year peak as stellar rally loses steam * Middle East Crude-Benchmarks rise; CPC buys U.S. crude EGYPT* Egypt's GASC seeks wheat in tender for shipment March 15-30 * Egypt remittances from workers abroad up 11.9% y-o-y in Jan-Nov 2020 SAUDI ARABIA* Saudi Exchange Says Foreigners Buy A Net 1.91 Bln Riyals Of Stocks In January * Clariant chairman to go in compromise deal with SABIC * Saudi December M3 Money Supply Up 8.3% Y/Y - SAMA * Saudi Venture Capital Firm STV Co-Leading $20 Mln Investment Round In Foodics UNITED ARAB EMIRATES* Biden to keep tariffs on aluminum imports from UAE, reversing Trump * Petrofac Issues 300 Mln STG In Commercial Paper Under CCFF * Dubai's DAE Prices $300 Mln 1.625% Notes Due 2024 * UAE utilities firm Utico says in talks to IPO on Dubai bourse * Gulf Marine Services Improved Terms For Debt Structure Extended * CBUAE Issues New Consumer Protection Regulation * DXB Entertainments Receives Bond Certificate Conversion Notice From Meraas QATAR* Qatar plans investor meetings, may issue bonds after - sources OMAN* BP sells 20% stake in Oman gas development to Thailand's PTTEP KUWAIT* KAMCO Investment Renews Agreement To Increase Credit Facility