Saudi Arabia: World going through difficult time

Saudi Arabian Finance Minister Mohammed Bin Abdullah Al-Jadaan remarked on Wednesday that the world is going through “a very, very difficult time” and called on countries to cooperate to ensure “stability, predictability for microfinance” and, therefore, investments.

Speaking at the Future Investment Initiative (FII) summit in Riyadh, the minister noted that the planet is facing “a very difficult six months” and that the Gulf region, which, in his opinion, will fare slightly better, should help the rest of the world cope with the crisis. He highlighted the crises in Ukraine and the energy market as the main risk factors for the near future.