Mideast Stocks: Factors to watch on May 3

SourceZawya
SectorFinancial Markets
CountryMiddle east

DUBAI – Here are some factors that may affect Middle East stock markets on Monday. Reuters has not verified the press reports and does not vouch for their accuracy.

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asia off to slow start ahead of U.S. data deluge 

* Oil prices slip as pandemic takes toll on India’s fuel sales

* PRECIOUS-Gold inches higher on subdued dollar ahead of U.S.

data

* MIDEAST STOCKS-Major Gulf markets end mixed; Dubai index outshines 

SAUDI ARABIA

* Saudi Arabia to open land, sea, air borders as of May 17 

* Saudi Exchange Says Foreigners Buy A Net 3.68 Billion Riyals Of Stocks In April 

* Middle East Paper Q1 Profit Rises 

* Herfy Food Services Appoints Khalid Ahmad Hamad Al Said As Acting CEO

UNITED ARAB EMIRATES

* UAE’s flydubai reports $194 mln loss for 2020 

* Bank Of Sharjah FY Loss Widens 

* UAE economy shrank 6.1% last year amid COVID-19 crisis -preliminary data 

* Dubai Gold and Commodities Exchange says Israeli firms can join 

* Aramex Board Will discuss Appointment...read more...