Mideast factors to watch on June 10
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-Stocks rise, dollar tentative ahead of US-China talks outcome
* Oil up as market watches US-China trade talks
* PRECIOUS-Gold falls as traders watch US-China trade talks in London
* MIDEAST STOCKS-UAE shares end higher as outcome of US-China trade talks awaited
* OPEC oil output rises in May but compensation cuts limit hike, Reuters survey finds
* Iran to present counter-proposal to US, Trump says talks to resume
UNITED ARAB EMIRATES
* Etihad And Ethiopian Airlines Start Strategic Codeshare Partnership
* Emirati businessman Khalaf Al Habtoor to visit Syria to explore investment opportunities, group says
* Emirates NBD Partners With Siemens To Boost Financing For Green Infra Projects
SAUDI ARABIA
* Saudi crude oil supply to China to dip in July, sources say
* Saudi Arabia's first-quarter GDP grows by 3.4%, beating flash estimates
ISRAEL
* Bank of Israel MPC voted 5-0 to hold rates over inflation concerns
* UN says most flour delivered in Gaza looted or taken by starving people
* Italy and Israeli Paragon part ways after spyware affair
IRAN
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
25 minutes ago
- Zawya
Oman confirms next round of US-Iran nuclear talks amid fears of regional risks
DUBAI: The sixth round of U.S.-Iran nuclear talks will be held on Sunday in Muscat, the Omani foreign minister said on Thursday, after U.S. President Donald Trump reiterated that Tehran would not be allowed to have a nuclear weapon. Trump said on Wednesday U.S. personnel were being moved out of the Middle East because "it could be a dangerous place". Reuters reported earlier that the U.S. was preparing an evacuation of its Iraqi embassy and would allow military dependents to leave locations around the Middle East due to heightened security risks in the region, according to U.S. and Iraqi sources. The four U.S. and two Iraqi sources did not say what security risks had prompted the decision. Reports of the potential evacuation pushed up oil prices by more than 4% before prices eased on Thursday. Foreign energy companies were continuing their operations as usual, a senior Iraqi official overseeing operations in southern oilfields told Reuters on Thursday. A U.S. official said the State Department had authorized voluntary departures from Bahrain and Kuwait. The State Department updated its worldwide travel advisory on Wednesday evening to reflect the latest U.S. posture. "On June 11, the Department of State ordered the departure of non-emergency U.S. government personnel due to heightened regional tensions," the advisory said. The decision by the U.S. to evacuate some personnel comes at a volatile moment in the region. Trump's efforts to reach a nuclear deal with Iran appear to be deadlocked and U.S. intelligence indicates that Israel has been making preparations for a strike against Iran's nuclear facilities. "They are being moved out because it could be a dangerous place, and we'll see what happens," Trump told reporters. "We've given notice to move out." Asked whether anything could be done to lower the temperature in the region, Trump said: "They can't have a nuclear weapon. Very simple, they can't have a nuclear weapon." Trump has repeatedly threatened to strike Iran if stuttering talks over its nuclear programme fail and in an interview released earlier on Wednesday said he was growing less confident that Tehran would agree to stop enriching uranium, a key American demand. While the evacuation of non-essential personnel raised concerns about a possible regional escalation, a senior Iranian security official told Iran's Press TV on Thursday that U.S. military dependents leaving did not constitute a threat. SHIPPING WARNING On Wednesday, Iran's defence minister warned Washington that Tehran would hit U.S. regional bases if drawn into a war in the case of nuclear talks failing. The United States has a military presence across the major oil-producing region, with bases in Iraq, Kuwait, Qatar, Bahrain and the United Arab Emirates. U.S. Defense Secretary Pete Hegseth had authorized the voluntary departure of military dependents from locations across the Middle East, a U.S. official said. Another U.S. official said that was mostly relevant to family members located in Bahrain - where the bulk of them are based. On Wednesday Britain's maritime agency warned that increased tensions in the Middle East might lead to an escalation in military activity that could impact shipping in critical waterways. It advised vessels to use caution while travelling through the Gulf, the Gulf of Oman and the Straits of Hormuz, which all border Iran. Tensions inside Iraq have heightened since the start of the war in Gaza in October 2023, with Iran-aligned armed groups in the country repeatedly attacking U.S. troops, though attacks have subsided since last year. (Reporting by Daphne Psaledakis, Idrees Ali, Humeyra Pamuk and Steve Holland and Jeff Mason in Washington, Michelle Nichols in New York, Ahmed Rasheed and Timour Azhari in Baghdad and Parisa Hafezi in Dubai and Ahmed Elimam; Additional reporting by Sam Tabahriti in London; Writing by Michael Georgy; Editing by Aidan Lewis)
Tahawul Tech
26 minutes ago
- Tahawul Tech
Chief AI Architect Archives
"There is a disconnect between the understanding of the threats posed by AI, and what it takes to secure organisations against those threats". Read the full interview with @Cisco's Fady Younes below. #Cisco #tahawultech
Tahawul Tech
26 minutes ago
- Tahawul Tech
Koray Kavukcuoglu Archives
"There is a disconnect between the understanding of the threats posed by AI, and what it takes to secure organisations against those threats". Read the full interview with @Cisco's Fady Younes below. #Cisco #tahawultech
