Middle East: What You Need to Know for August 1

The video covers key Middle East stories, including Qatar's WTO complaint against Saudi Arabia, Bahrain, and the UAE over a diplomatic siege. It discusses Saudi Aramco's oil pricing adjustments for Asia, indicating a tightening market. Additionally, it highlights Dana Gas's legal challenges regarding its Islamic bonds, claiming they are unlawful due to changes in Islamic finance.

Which countries did Qatar file a complaint against at the World Trade Organization?

• Egypt, Jordan, and Lebanon

• Turkey, Syria, and Yemen

• Saudi Arabia, Bahrain, and the UAE

• Iran, Iraq, and Kuwait

What was the reason for the diplomatic siege imposed on Qatar?

• Economic sanctions

• Support for terrorism

• Violation of human rights

• Environmental concerns

How much did Saudi Aramco increase the price of Arab light crude for Asian buyers?

• $0.40

• $0.30

• $0.20

• $0.10

What action did Dana Gas take regarding its Islamic bonds?

• Paid off the bonds

• Retracted a restructuring offer

• Increased bond interest rates

• Issued new bonds

Why did Dana Gas claim it was not bound to make payments on its bonds?

• Legal disputes

• Lack of funds

• Market instability

• Evolution of Islamic finance