Al-Falih: Saudi riyal stable despite global volatility

Riyadh Khalid Al-Falih praised Saudi Arabia's monetary strategy and currency.

All currencies fluctuated except the Saudi riyal, thanks to the Kingdom's smart economic policies. The debt rate in the international economy, even the leading countries, is increasing, while the Kingdom's is decreasing to 25%, he remarked on Sunday.

Al-Falih called Saudi Arabia's budget "historic" given global problems.

The minister said the UK had the world's fastest economic growth. In response to those who ascribe Saudi economic development to oil prices alone, he said the non-oil sector rose by 6%.

Al-Falih complimented the Kingdom's legislation, programs, and private sector empowerment.

He noted a 9 percent increase in spending and a surplus, which he called "unusual" at the level of global economies, especially in light of the coronavirus epidemic and subsequent economic shocks.

He said global investors want government stability and direction. Many Kingdom sectors are open to foreign investment. We prioritize high-impact investments, he said.

Comments

What is a Bid-Offer Spread and a Spread?

The difference between the prices to buy (offer) and sell (bid) an asset is called the spread. When trading CFDs, the spread is important because it is how the prices of both derivatives are set. Spreads are a common way for brokers, market makers, and other sellers to show their prices. This means that the price to buy an asset will always be a little bit higher than the underlying market. The price to sell will always be a little less than the price to buy. Spread is a financial term that can mean different things, but it always refers to the difference between two prices or rates. For example, an option spread is a way to trade that involves this. The way to do this is to buy and sell the same number of options with different strike prices and expiration dates. Bid-Offer Difference The spread that is added to the price of an asset is also called the bid-offer spread or the bid-ask spread. Bid-offer spread shows how much people want an asset and how much they are willing to pay for i...

Unlocking Financial Decisions: A Comprehensive Guide

In the dynamic landscape of financial decisions, the ability to make informed choices can shape the future of individuals and organizations. We, as experts in the realm of financial strategies, are dedicated to providing you with a detailed understanding of financial decisions. Our goal is to offer insights and guidance that outshine existing sources, helping you make well-informed choices in the world of finance, with a specific focus on " Unlocking Financial Decisions. " Additionally, we'll delve into the topic of " why should save money " to provide a holistic perspective on the importance of financial decision-making and savings. Understanding Financial Decisions Financial decisions are the core of any economic entity, whether it's a business, a non-profit organization, or an individual. These decisions encompass a wide range of activities, including: 1. Raising Funds Raising funds is a critical aspect of financial management. Whether you're a star...

How "Pixel Pushers" Made the Virtual World the Most Recent Property Development Area

"It's like the Wild West," say workers in the metaverse. You make the call. Is it a new frontier for people looking for riches? Anarchy? A odd, solitary setting? Perhaps everything. People in the Wild West did not pay $650,000 in cryptocurrencies for a digital boat. Real estate speculation abounds in the metaverse, which contains an increasing number of virtual online worlds where people live and play. Investors anticipate that it will be part of a paradigm shift in how we use the internet — a decentralized version called Web3 that will recover control of the web from multinational computer corporations and give consumers control, privacy, and security. According to McKinsey, companies, venture capitalists, and private equity invested $120 billion in the metaverse between January and May of 2022. Property values have dropped. According to WeMeta CEO and co-founder Winston Robson, land prices in The Sandbox, Decentraland, Cryptovoxels, and Somnium Space have dropped by 50 ...

Search This Blog