Middle East: What You Need to Know for Jan. 23

The video provides an overview of key economic stories in the Middle East. It discusses the fading bets on Saudi Arabia devaluing its currency due to rising oil prices. It highlights Egypt's efforts to attract international gold miners for exploration tenders, despite some companies opting out. Additionally, it covers Dubai's retail growth driven by Chinese travelers and the potential impact of Brexit on tourism. The video concludes with airport traffic statistics.

What has been the trend in Saudi Arabia's currency speculation as oil prices rise?

• Speculation remains unchanged.

• Speculation has increased significantly.

• Speculation has shifted to other currencies.

• Speculation has decreased as forward contracts drop.

What is the main focus of Egypt's recent economic initiative?

• Developing new oil fields.

• Attracting international gold miners.

• Expanding agricultural exports.

• Building new infrastructure.

Which areas in Egypt are open for gold exploration tenders?

• The Mediterranean Coast and Lower Egypt.

• The Sinai and Eastern Desert.

• The Red Sea Coast and Upper Egypt.

• The Nile Delta and Western Desert.

What factor is expected to drive Dubai's airport retail sales this year?

• Higher oil prices.

• New luxury brands.

• Increased European tourism.

• Chinese travelers.

How might Brexit impact Dubai's airport traffic?

• It will decrease traffic due to higher costs.

• It will have no impact.

• It will increase traffic from Europe.

• It will lead to more flights to Asia.