What You Need to Know About the Middle East, Jan. 24

The video covers key Middle East stories, including Egypt's challenges in attracting participation in its gold exploration tender due to high tax rates, Israel's move to tax cryptocurrencies like Bitcoin, and Iran's cautious reaction to Donald Trump's inauguration as the 45th U.S. president. These developments highlight significant economic and political shifts in the region.

What is the main reason for the lack of participation in Egypt's gold exploration tender?

• High tax rates

• High global competition

• Political instability

• Lack of gold reserves

What is Israel planning to tax in relation to virtual currencies?

• Only Bitcoin transactions

• Capital gains, sales, and income

• International transfers

• Mining operations

What is the potential impact of Israel's tax authority's decision on virtual currencies?

• Decline in virtual currency usage

• Boost in virtual currency adoption

• No impact on virtual currencies

• Increase in virtual currency value

How did Iran initially respond to Donald Trump's inauguration?

• With enthusiasm

• With caution

• With hostility

• With indifference

Since when have Iran and the United States lacked formal diplomatic relations?

• 1995

• 1979

• 1989

• 2001