MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
July 5 The World Bank's investment arm and ING Bank said on Thursday they would partner in a $500 million facility to ensure that food and energy traders continue to have access to finance at a time when bank lending is tightening.
The International Finance Corp and ING will each contribute $250 million to the facility that "aims to improve the flow of energy and agricultural commodities in the developing world," IFC director for global trade and supply chain solutions, Georgina Baker, said in a statement.
In particular, the facility will include support for agricultural commodity exports from Russia and other countries in Eastern Europe, which are most exposed to the effects of the euro zone debt crisis.
As European banks reduce lending to cope with increased recapitalization requirements and a fallout from the turmoil in the euro zone, commodity traders are increasingly finding it difficult to tap financing.
MEXICO CITY, Sept 24 A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.
TORONTO, Sept 24 Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV, the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co.