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Middle East stocks round up

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Here are some factors that may affect Middle East stock markets on Monday.

April 14, 2014 9:25 by



Here are some factors that may affect Middle East stock markets on Monday. While Reuters has not verified the press reports and does not vouch for their accuracy, they may serve as useful indicators for shareholders.

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Stocks slip on Wall St gloom, Ukraine tensions

* U.S. crude nears 6-week high as consumer confidence supports

* Libyan prime minister quits after one month, citing violence

* Iran scraps plan to send warships to Atlantic -Fars

* INSIGHT-Warily, Lebanon tackles violent spillover from Syria

UNITED ARAB EMIRATES

* Dubai’s Shuaa Capital Q1 net profit 8.2 mln dirhams vs net loss

* Dubai airport to cut 26 per cent of flights during runway work

* INTERVIEW-Abu Dhabi ports expect year-end spike in traffic as projects boom

SAUDI ARABIA

* Saudi’s Al Rajhi Bank Q1 earnings slip again on provisions

* Saudi’s SAFCO Q1 net profit drops 9.6 pct, beat estimates

* Saudi bourse changes closing price calculation for shares

* German tank sale to Saudi Arabia likely to be cancelled – newspaper

* Saudi Arabia may close shops early to boost employment-paper

* Saudi Arabia says seizes drugs worth $267 million, arrests 6

* Saudi liberal website closed by Jeddah court-local media

QATAR

* Qatar lender CBQ foreign ownership limit upped to 25 pct

* Exchange traded funds (ETFs) to be launched on Qatar exchange on April 23, sources say (www.gulf-times.com)

KUWAIT

* Kuwait’s NBK Q1 net profit up 3.2 pct on core banking revenues

* Shell, BP sign 5-6 year long supply deals with Kuwait-paper

* Kuwait opposition calls for elected government, reforms

EGYPT

* Egypt arrests alleged “terrorist” who fought in Syria

* Egypt to introduce smart card for subsidized bread by July

 



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