What You Need to Know About the Middle East, Oct. 31

What You Need to Know About the Middle East, Oct. 31

Assessment

Interactive Video

Business

University

Hard

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The video provides an update on key Middle East stories. OPEC's failure to reach an agreement with non-OPEC members like Brazil, Oman, and Russia has led to a continued fall in oil prices. Internal divisions over Iran and Iraq's roles hindered a broader agreement, with further discussions planned for late November. Turkey's economic data is under scrutiny as it attempts to boost spending to counter a slowdown. A reported budget surplus turns into a deficit under IMF standards, with a record gap of $12 billion in August. The discrepancy means Turkey won't achieve a surplus until at least 2019. Meanwhile, Qatari telecom company OREDO reported third-quarter earnings below analyst estimates, though revenue exceeded forecasts, and shares have risen over 25% this year.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for the failure of OPEC and non-OPEC countries to reach an agreement on oil supply?

Economic sanctions on Russia

Disagreements over the role of Iran and Iraq

Lack of participation from the United States

Environmental concerns

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries were involved in the talks with OPEC regarding oil supply?

China, India, and Japan

Brazil, Oman, and Russia

United States, Canada, and Mexico

Saudi Arabia, UAE, and Kuwait

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main issue with Turkey's reported budget surplus?

It is based on outdated economic data

It is inflated due to currency devaluation

It turns into a deficit when using IMF standards

It does not account for foreign investments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is Turkey expected to deliver a budget surplus under IMF accounting?

In 2025

By the end of 2020

By 2022

In 2019

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did OREDO's third-quarter net earnings compare to analyst estimates?

They were significantly higher

They were slightly above the estimates

They matched the estimates

They were well below the estimates