Middle East: What You Need to Know for Feb. 8

The video covers key financial stories from the Middle East, including Qatar's budget deficit and investment plans, Saudi Aramco's IPO advisory selection, and Dubai's renewable energy initiatives. Qatar's finance minister is optimistic about oil prices and plans to invest $35 billion in the US by 2020. Saudi Aramco has chosen a New York-based bank for its IPO, while Dubai aims to generate 7% of its energy from renewables by 2020.

What was a significant economic event for Qatar in 2016?

• First budget surplus in 15 years

• First budget deficit in 15 years

• Record high oil prices

• Major investment in Europe

What is a key goal of Qatar's sovereign wealth fund?

• To diversify investments across various geographies and asset classes

• To focus investments solely in Asia

• To invest only in oil and gas sectors

• To reduce investments in the US

Which company did Saudi Aramco hire for its IPO advisory?

• Goldman Sachs

• Morgan Stanley

• Morrison Co

• JP Morgan

What is the purpose of Dubai's planned hydroelectric power plant?

• To reduce water consumption

• To increase oil production

• To diversify energy supply and boost economic growth

• To export electricity to neighboring countries

By what year does Dubai aim to achieve 7% of its energy from renewable sources?

• 2022

• 2030

• 2025

• 2020