What You Need to Know About the Middle East, Oct. 11

Tracy Alloway reports from Abu Dhabi on key Middle East news. Turkey and Russia have agreed to build a gas pipeline, the Turkish Stream, expected by 2019, to transport gas from Russia to Turkey and the EU. This deal was signed at the World Energy Congress in Istanbul. Qatar National Bank reported an 11% profit increase and a 40% asset growth, driven by new loans despite tightened liquidity. The Tel Aviv Stock Exchange faces leadership challenges as interim CEO Gal Landau Yaari steps down, following the resignation of Yossi Beinart. The exchange struggles with low trading volumes and a potential first loss in 30 years.

What is the purpose of the Turkish Stream pipeline?

• To send gas from Russia to Turkey and then to EU nations

• To provide electricity to Turkey from Russia

• To connect Turkey and Russia for oil transportation

• To transport gas from Turkey to Russia

During which event was the Turkey-Russia gas pipeline agreement signed?

• United Nations General Assembly

• G20 Summit

• World Energy Congress

• World Economic Forum

What contributed to Qatar National Bank's profit increase?

• Surge in new loans

• Increase in interest rates

• Decrease in oil prices

• Reduction in bank liquidity

What challenge is the Tel Aviv Stock Exchange currently facing?

• Potential first loss in 30 years

• Surplus of leadership

• High trading volumes

• Excessive initial public offerings

Who is stepping down as the interim CEO of the Tel Aviv Stock Exchange?

• Yossi Beinart

• Qatar National Bank CEO

• Gal Landau Yaari

• Tracy Alloway