MIDEAST – Factors to watch – Oct 7

Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Political jolts, US government shutdown casts cloud over markets * Oil extends gains on smaller-than-expected OPEC+ output hike * PRECIOUS-Gold at all-time high on safe-haven demand, Fed rate cut bets * MIDEAST STOCKS-Most Gulf markets ease on economic uncertainty * Gaza talks turn to key sticking points between Israel, Hamas * Putin, Netanyahu discuss Middle East, Iranian nuclear programme * China uses a hidden funding conduit to pay Iran for oil, bypassing US sanctions – WSJ * Thunberg greeted by cheering crowd in Athens after Israel expels flotilla activists * Trump to meet Edan Alexander, Israeli-American hostage released by Hamas in May SAUDI ARABIA * Saudi Arabia's PIF wealth fund plans dual-tranche green bond sale * Saudi Arabia holds steady on Arab Light prices to Asia after OPEC+ output hike * Pakistan looks to unlock Saudi investment in visit following defence pact UNITED ARAB EMIRATES * Robust remedies should secure EU okay for $17 bln Covestro deal, ADNOC says * Blackstone, Abu Dhabi's Lunate team up to invest $5 billion in Gulf logistics * Abu Dhabi, Norway, Singapore wealth funds to buy shares in LG's $1.3 billion India IPO as anchor investors – Bloomberg News * Standard Chartered Launches UAE-Domiciled Signature CIO Islamic Funds EGYPT * POLL-Egypt inflation expected to dip to 11.0% in September * Egypt's net foreign reserves rise to $49.534 bln in September KUWAIT * Goldman Sachs Opens Office In Kuwait BAHRAIN * Bahrain's Q2 real GDP up by 2.5% y/y, state news agency reports QATAR * Qatar to resume maritime activities, night suspension remains for tourist vessels * QNB Announces Refinancing Of $1.5 Billion Senior Unsecured Syndicated Term Loan Facility SYRIA * First results for Syria's new parliament show low share for minorities, women * Syrian army and SDF reach ceasefire deal in Aleppo city following clashes (Compiled by Bangalore newsroom)

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