MIDEAST – Factors to watch – February 7

DUBAI, Feb 7 (Reuters) – Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-World shares scale new peak on stimulus hopes; oil gains MKTS/GLOB

* Oil rises 1%, hits highest in a year on growth hopes, OPEC+ output cuts O/R

* MIDEAST STOCKS-Dubai leads major Gulf markets lower; Saudi index gains PRECIOUS-Gold gains as dollar retreats, U.S. jobs report signals slow recovery Iran top diplomat urges Biden to return to nuclear deal U.S. to drop Houthi terrorist designation due to Yemen crisis Biden administration expects Saudi Arabia to improve human rights – White House Saudi Arabia says Biden’s speech reiterates U.S. commitment to work with allies UAE says it’s committed to working with US to reduce regional tensions-state news agency Netanyahu postpones UAE, Bahrain trip due to COVID-19 lockdown New Libya interim government agreed in U.N. talks Thousands protest in Tunis despite police blockade Egypt frees Al Jazeera journalist after four years in detention Race between vaccines and virus to shape uneven Middle East recovery – IMF [nL1N2KA0D0

* Sputnik-AstraZeneca COVID-19 vaccine trials to start in Azerbaijan, MidEast INSIGHT-In Saddam strongholds that fought America, Iraqis fear a U.S. departure EXCLUSIVE-Sudan will decide to float currency once it has sufficient reserves, finance minister says Egypt central bank keeps interest rates on hold Emaar Misr For Development Signs Contract To Establish Hotel Project Under Name ‘Vida’ ARABIA

* Saudi Arabia raises March Arab Light crude OSP to Europe Malaysia’s Prasarana to lodge graft report over Saudi project losses MEDIA-Trafigura, Mubadala said to weigh sale of Spanish miner Matsa Arabtec Holding Says Wail Farsakh Resigns As Group CEO ARAB EMIRATES

* Denmark to lift UAE flight ban from Sunday – UAE embassy Uber’s Mideast business Careem sees recovery slowing as infections rise UBS hires HSBC banker as head of Qatar wealth business -memo Kuwait should accelerate reforms to be less tied to oil price fluctuations – IMF Kuwait Finance House Q4 net profit falls 22% as COVID-19 hurts economy Bahrain says it foiled ‘terrorist plots’ to bomb two bank ATMs Investcorp Appoints Harsh Shethia As Head Of India Business



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