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Factors to watch - May 23



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Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy.


INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asia stocks weaken on the patient approach to rate cuts MKTS/GLOB

* Oil prices fall on worries of higher US interest rates O/R

* PRECIOUS-Gold prices drift lower on hawkish Fed minutes GOL/

* MIDEAST STOCKS-Most major Gulf bourses drop, Abu Dhabi hits two-year low .MIDEAST

* European countries' recognition of Palestine deepens Israeli isolation nL8N3HP5ZQ

* US says Palestinian state should come via talks, not unilateral recognition nL1N3HP1O4

* Ireland, Spain, Norway announce recognition of Palestinian state, angering Israel nL8N3HP1GT

* ANALYSIS-Israel's allies grapple with bid for ICC warrant against Netanyahu nL8N3HO2XB

* Israeli forces move deeper into Rafah in night of heavy battle nL1N3HP390


SAUDI ARABIA

* Saudi delegation heads to China without Crown Prince due to king's illness – sources nL8N3HP32V

* Saudi woos electric flying taxi company Archer as Gulf rivals vie to be aviation hub nL8N3HO5O6

* SAL Saudi Signs Binding Mutual Agreement With Riyadh Airports nFWN3HO102


UNITED ARAB EMIRATES

* EXCLUSIVE-Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad nL1N3HO328

* ADNOC makes fourth gas foray abroad with Mozambique deal nL1N3HP0D0

* ADNOC to sell about 5.5% additional stake in drilling unit nL1N3HP15Y

* Emirates And Avianca Launch Reciprocal Codeshare Partnership Via European Gateways nFWN3HP0QP

* Alpha Dhabi Holding Terminates Discussions On Acquisition Of Stake In Metito Holding nFWN3HP026


LEBANON

* Lebanon's reforms insufficient for recovery, IMF says nL1N3HP3DO


JORDAN

* Jordan tenders to buy up to 120,000 T of wheat, traders say nL1N3HP0DM


TUNISIA

* Tunisia buys estimated 100,000 T soft wheat, traders say nL1N3HP1I5

* Tunisia sentences two journalists to one year in prison nL1N3HP2H2




(Compiled by Bangalore newsroom)

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