Mideast Stocks: Factors to watch on January 10

Mideast Stocks: Factors to watch on January 10

* Oil rises to 11-month high, logs weekly gain on Saudi output cut * MIDEAST STOCKS-Major markets log weekly gains; Qatar leads day's gains* PRECIOUS-Gold, silver slump as U.S. political risks fade, yields gain * Iran leader bans import of U.S., UK COVID-19 vaccines, demands sanctions end * POLL-Turkey's current deficit at $3.7 bln in Nov, year-end deficit estimates * Lebanon central bank says no currency float before IMF agreement EGYPT* Egypt's Delta Sugar targets 330,000 tonnes of output this season - ministry * IMF projects Egypt's economy will grow 2.8% in 2020/21 yearSAUDI ARABIA* Qatar and Saudi Arabia to resume direct flights * Saudi king receives first dose of a coronavirus vaccine -SPA UNITED ARAB EMIRATES* UAE to reopen all entry points with Qatar following Gulf dispute thaw * No diplomatic ties to Qatar yet, but trade, travel resuming, says UAE * UAE starts trials of Russia's Sputnik V coronavirus vaccine as cases rise * United Overseas Group to acquire United Arab Chemical Carriers * First Abu Dhabi Bank sells $500 mln sukuk as Gulf bonds heat up QATAR* Qatar Airways to resume flights to Saudi Arabia from Monday * Enel teams up with Qatar wealth fund on Africa green energy projects * BRIEF-Masraf Al-Rayan And Al Khaliji Enteres Into A Merger Agreement(Compiled by