What You Need to Know About the Middle East, Nov. 16

The transcript covers Egypt's currency nearing parity with the Bank rate, its devaluation to secure an IMF loan, and the fluctuating exchange rates. It also discusses Amana Healthcare's potential sale in the UAE, driven by rising demand for private healthcare. Additionally, Dubai's new decree allows government-granted land to be used as collateral for loans, facilitating easier financing for developers and owners.

What was the exchange rate of the Egyptian pound to the dollar after the recent rise?

• 15.8

• 18.0

• 16.5

• 15.75

Why did Egypt devalue its currency?

• To meet IMF loan conditions

• To increase exports

• To attract foreign investment

• To stabilize inflation

Which bank is assisting Amana Healthcare with its potential sale?

• HSBC

• Citibank

• Bank of America

• Deutsche Bank

What is the estimated value of Amana Healthcare in the potential sale?

• $500 million

• $400 million

• $450 million

• $300 million

What is the purpose of the new decree issued by the Ruler of Dubai?

• To increase land prices

• To promote tourism

• To allow land to be used as collateral for loans

• To restrict foreign ownership of land