Factors to watch – March 2
DUBAI, March 2 (Reuters) – Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy.
INTERNATIONAL/REGIONAL
* GLOBAL MARKETS-Asian shares slip, oil above $110 as Russia sanctions bite
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* Oil spikes to 7-year high as markets avoid Russian supply
* PRECIOUS-Palladium gains as Ukraine crisis escalates; gold eases read more
* MIDEAST STOCKS-Gulf markets gain; Abu Dhabi jumps over 2% read more
* Rouble steadies, EM currencies firm as investors remain firmly focused on Ukraine read more
* COMMODITIES-Oil, gas and wheat prices soar as sanctions disrupt flows
* ANALYSIS-Foes over Ukraine, Russia and Western unity tested in Iran talks read more
* Russia sees ‘no desire’ from Ukraine to find legitimate solution – ambassador read more
* IEA to release 60 mln barrels of oil from reserves after Russia’s invasion of Ukraine
* OPEC+ signals it will to stick to plan despite Ukraine invasion read more
* EXCLUSIVE-India’s BPCL seeks extra Gulf oil, fearing Russian supply hit – source read more
* Libya parliament backs new government as crisis deepens read more
* UK court orders Lebanese banks to pay $4 mln to saver read more
* Israeli forces kill three Palestinians in West Bank clashes read more
* Israel condemns attack near Kyiv Holocaust memorial, doesn’t mention Russia read more
EGYPT
* Egypt extends wheat moisture level requirement by one year
* Egypt’s net foreign assets extend fall for fourth month in January
* Egypt’s Suez Canal revenue rises 15.1% in Feb
SAUDI ARABIA
* Saudi Arabia may raise April crude prices to Asia to all-time highs read more
* Pharmacy firm Nahdi aims to raise up to $1.36 bln in Saudi Arabia’s biggest IPO since Aramco read more
* Thailand agrees plan for Saudi Arabia labour deployment as ties normalise read more
* Saudi cabinet reaffirms support to OPEC+ agreement – state news agency read more
UAE
* Russia’s Putin, Abu Dhabi Crown Prince pledge to continue coordination in energy read more
* Abu Dhabi-Dubai railway link completed, UAE media office says read more
* UAE’s NOC to supply full crude volumes to Asian buyers in April – sources
* UAE’s Air Arabia to operate Russia flights as long as legal read more
* Abu Dhabi’s Etihad Airways trims losses on higher cargo revenues, cost control read more
BAHRAIN
* Bahrain approves Valneva’s COVID vaccine for emergency use read more
* GFH Financial Group Says No Intention To Delist Shares From Any Markets
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Compiled by Dubai newsroom
Our Standards: The Thomson Reuters Trust Principles.
