Middle East: What You Need to Know for May 30

The video covers several key developments in the Middle East. It begins with a potential merger between Kuwait Finance House and United Bank, which could create a major Islamic lender. Turkish Airlines is exploring funding options for its move to Istanbul's new airport, including borrowing or leasing facilities. The Qatar Stock Exchange has temporarily removed As Dan from its indices following a decision to take the firm private. Lastly, Arafa Holding, Egypt's largest garment exporter, plans to expand its sales to the US, aided by the weakening Egyptian pound.

What is the potential outcome of the talks between Kuwait Finance House and Bahrain's United Bank?

• Establishment of a new stock exchange

• Formation of a large Islamic lender

• Creation of a new airline

• Development of a new airport

What financial challenge is Turkish Airlines facing in its move to the new Istanbul airport?

• Lack of sufficient collateral

• Increased competition

• High fuel costs

• Shortage of pilots

What was the reason for As Dan's removal from the Qatar Stock Exchange indices?

• The company went bankrupt

• Shareholders decided to take the firm private

• The company was acquired by a foreign investor

• The company merged with another firm

How is Arafa Holding planning to expand its sales to the US?

• By opening new stores

• By launching a new product line

• By partnering with local US brands

• By leveraging the weakening Egyptian pound

What event allowed Arafa Holding to resume its international expansion plans?

• The 2011 Egyptian uprising

• The removal of capital controls

• A new trade agreement with the US

• The introduction of new technology