Saudi Arabian Finance Minister Mohammed Bin Abdullah Al-Jadaan (pictured) 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 macrofinance" 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.
Earlier this week, at the same conference, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman estimated that the ongoing energy crisis was the worst ever while pointing out his country's role as the most reliable supplier of oil.
