MIDEAST – Factors to watch – March 28

DUBAI, March 28 (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.


* GLOBAL MARKETS-Equities, oil prices surge as Suez Canal shutdown continues MKTS/GLOB

* Oil jumps 4% on fears Suez Canal blockage may last weeks O/R

* MIDEAST STOCKS-Dubai index leads most of Gulf lower; Egypt extends gains Ship blocking Suez Canal moves slightly, unclear when it will refloat Yemen’s Houthis warn of stronger attacks after drone strikes on Saudi Arabia Iran and China sign 25-year cooperation agreement Lebanon’s largest Christian bloc warns against sidelining president ANALYSIS-Lebanon frozen by political intransigence as it hurtles towards collapse Egypt train crash kills 32 people, injures scores Libya’s NOC says an oil spill near Dahra field was controlled ANALYSIS-Rollover risks loom for Turkey’s banks EXPLAINER-How a giant container ship is blocking the Suez Canal Orascom Construction Q4 Income Falls ARABIA

* Saudi Arabia sees fields of green with major tree-planting drive India calls Saudi advice on tapping stored oil ‘undiplomatic S&P says Saudi Arabia ‘A-/A-2’ ratings affirmed; outlook stable ARAB EMIRATES

* Chinese FM: Beijing and UAE to work together on affordable vaccines Dreyfus deal to help UAE achieve food security – minister Intercontinental Exchange approves 24 members ahead of ICE (NYSE:) Futures Abu Dhabi launch Amadeus Signs New Long-Term Agreement With Dnata Kuwait Petroleum to seek up to $20 bln of funding – Bloomberg News Oman imposes curfew from Sunday, Qatar tightens COVID-19 restrictions Fitch Affirms Oman Electricity Transmission Company at ‘BB-‘; Outlook Negative

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