What You Need to Know About the Middle East, Oct. 25

The video discusses Dubai Islamic Bank's 10% drop in Q3 profit, attributed to rising credit costs and slowing loan growth, though the bank remains optimistic about its capital for future ambitions. Iran's supreme leader accuses OPEC of manipulating oil prices to benefit the US, drawing parallels to the 1973 oil crisis. Meanwhile, Egypt struggles with economic issues, including inflation and a sugar crisis, complicating efforts to implement cost-saving measures before securing a $12 billion IMF loan.

What was the percentage drop in Dubai Islamic Bank's third-quarter profit?

• 15%

• 20%

• 10%

• 5%

What challenge is the banking industry facing according to the transcript?

• Decreasing interest rates

• Rising credit costs

• Stable market conditions

• Increasing loan growth

Who accused OPEC of using low energy prices to benefit the United States?

• The Supreme Leader of Iran

• The Chancellor of Germany

• The President of the United States

• The Prime Minister of the UK

What historical event did Iran's leader compare the current situation with?

• The 2010 European Debt Crisis

• The 1997 Asian Financial Crisis

• The 1973 Oil Crisis

• The 2008 Financial Crisis

What economic issue is Egypt facing according to the transcript?

• Surplus in sugar production

• Decreasing inflation

• Stable currency value

• High inflation and currency collapse