Mideast Stocks: Factors to watch on January 25
- Date: 25-Jan-2021
- Source: Zawya
- Sector:Financial Markets
- Country:Gulf
Mideast Stocks: Factors to watch on January 25
* Oil prices fall for 2nd session as COVID-19 lockdown concerns cast pall over demand prospects * MIDEAST STOCKS-Most Gulf markets in red; Kuwait up on banks * PRECIOUS-Gold ticks up on weaker dollar, U.S. stimulus hopes * U.S. will work with Israel to build on regional normalization agreements -Biden national security adviser * Saudi Arabia expects 'excellent relations' with Biden administration * Saudi sovereign fund to double assets in next five years to $1.07 trln - Crown Prince * Israel bans international flights to curb coronavirus spread * IMF says Iraq has requested emergency assistance, talks ongoing * UAE cabinet approves setting up embassy in Tel Aviv * Yemen aid groups call on U.S. to revoke Houthi terrorism designation EGYPT* Egypt begins COVID-19 vaccination drive with frontline medical staff * Suez Canal Bank Reduces Stake In Mohandes Insurance To 3.064% * Air Arabia Resumes Flights Between Alexandria And Doha SAUDI ARABIA* Saudi Arabia names Fahad al-Mubarak as new central bank governor * Saudi Oil Exports Value Down 39.8% In November - Official Data * Saudi's Almarai Q4 Profit Rises UNITED ARAB EMIRATES* Tabreed Signs Agreement With Twofour54 To Cool Yas Creative Hub In Yas Bay * UAE's FAB Signs Service Level Agreement With Muscat Clearing And Depository KUWAIT* Kuwait's emir reappoints PM to form new cabinet after