Middle East: What You Need to Know for August 3

The video covers major Middle East stories, including Qatar's new law allowing some foreigners to become permanent residents, Qatar Airways dropping its investment plans in American Airlines, Iraq's successful bond sale post-ISIS victory, and Neymar's record-breaking transfer to Paris Saint Germain.

What is the significance of Qatar's new draft law regarding permanent residency?

• It abolishes the need for work visas.

• It grants voting rights to all residents.

• It is the first time an Arab monarchy offers permanent residency to some foreigners.

• It allows all foreigners to become citizens.

Who benefits from Qatar's new permanent residency law?

• All expatriates living in Qatar.

• Children of Qatari women married to foreigners and skilled individuals needed by the state.

• Foreign investors with large capital.

• Only Qatari citizens.

Why did Qatar Airways decide not to invest in American Airlines?

• The proposal was met with a frosty reception and did not meet Qatar Airways' objectives.

• American Airlines was not profitable.

• They found a better investment opportunity.

• They wanted to invest in a European airline instead.

What milestone did Iraq achieve with its bond sale?

• It was the largest bond sale in history.

• It was the first time Iraq sold bonds to European investors.

• It was the first bond sale in the Middle East.

• It marked Iraq's first independent bond sale in over a decade.

What is notable about Neymar's transfer to Paris Saint Germain?

• Neymar will be the highest-paid player in history.

• It is the first time a Brazilian player joins PSG.

• It involves a world record transfer fee of $262 million.

• PSG is the first club to sign a player from Barcelona.