Middle East: What You Need to Know for May 15

The video covers key Middle East stories, focusing on oil production cuts by OPEC, the UAE's economic growth forecast by the IMF, Dubai's infrastructure financing, and Mubadala's investment plans in SoftBank's Vision Fund. The oil ministers from Saudi Arabia and Russia discuss extending output cuts to stabilize the market. The IMF predicts growth in the UAE's non-oil sector, while Dubai secures funding for major projects. Mubadala plans significant investments in technology through SoftBank.

What is the main reason Saudi and Russian oil ministers want to extend the output cuts?

• To increase oil prices significantly

• To comply with international trade agreements

• To reduce competition from other oil-producing countries

• To drain the global oil surplus without market shocks

According to the IMF, what is the expected growth rate of the UAE's non-oil economy for this year?

• 2.7%

• 3.3%

• 4.0%

• 3.0%

What is the anticipated impact of the new value-added tax in the UAE?

• It will have no significant impact on GDP

• It will decrease the GDP by 1.5%

• It will raise about 1.5% of GDP over time

• It will increase the GDP by 3%

What is one of the major infrastructure projects Dubai is planning to fund through debt?

• The Dubai World Expo 2020 site

• A high-speed rail system

• A new sports stadium

• A new financial district

How much does Abu Dhabi's Mubadala plan to invest in Softbank's Vision Fund?

• $25 billion

• $20 billion

• $15 billion

• $10 billion