Middle East Non-Oil Growth Doubts

The transcript discusses the impact of slower economic growth on Middle Eastern economies, particularly focusing on job creation challenges. It highlights Saudi Arabia's ambitious plans to diversify its economy beyond oil, including transforming Ramco and creating a sovereign wealth fund. The conversation shifts to the currency market, examining how oil prices influence currencies like the Norwegian kroner and Canadian dollar, while noting the reduced dependency of some G10 currencies on oil.

What is the expected job creation shortfall in the Middle East due to slower growth?

• 1 million jobs

• 4 million jobs

• 2 million jobs

• 3 million jobs

Which company is Saudi Arabia planning to transform into an energy and industrial conglomerate?

• Saudi Telecom

• Aramco

• SABIC

• Saudi Electric

What is one of the key initiatives in Saudi Arabia's plan to increase non-oil revenue?

• Privatization

• Expanding tourism

• Reducing taxes

• Increasing oil production

Which country's currency is less reliant on oil due to diversified income streams?

• Brazil

• Norway

• South Africa

• Canada

What is a concern for the South African Rand despite its rebound with commodities?

• High inflation

• Political infrastructure

• Trade surplus

• Strong GDP growth