MIDEAST – Factors to watch – January 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-Asia shares rise on prospect of softer Trump tariffs

* Oil prices extend losses, firmer dollar and supply outlook weigh

* PRECIOUS-Gold edges higher with market focus on US economic data

* MIDEAST STOCKS-MIDEAST STOCKS-Most Gulf bourses gain ahead of US economic data

* Blinken calls for push to get Gaza truce deal over ‘finish line’

* World Food Programme condemns Israeli attack on its Gaza convoy

SAUDI ARABIA

* Saudi hikes February oil prices for Asia, first time in 3 months

* Saudi Arabia to tap debt market with 3-part sovereign bond sale

* Saudi Arabia issues $12 bln three-part bond, NDMC says

* Saudi PIF completes $7 bln inaugural murabaha credit facility

* Ma’aden receives a notification from Saudi Aramco amending prices of fuel products

EGYPT

* EXCLUSIVE-US shifts some military aid to Lebanon from Egypt, letter says

* Egypt’s non-oil private sector contracts in December as cost pressures rise, PMI shows

* Egypt’s net foreign reserves rise to $47.109 bln in December – Central Bank

* Egypt’s M2 money supply up 29% year on year in November, central bank data shows

SYRIA

* US allows transactions with governing institutions in Syria despite sanctions

* Syrian finance minister says foreign debt is around $20 billion-$23 billion

* Emirati, Syrian foreign ministers discuss bolstering ties on UAE visit

* Syria unable to import wheat or fuel due to US sanctions, trade minister says

* Syrian finance minister says deficit in 2025 budget issued by former administration around $923 million

* Turkey says eradication of Kurdish YPG militia in Syria ‘imminent’ (Compiled by Bangalore newsroom)

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