Riyadh – Mubasher: The world is currently witnessing the highest inflation rates in 40 years and the highest interest rates since the global financial crisis in 2008, Yasir Al Rumayyan, Governor of the Public Investment Fund (PIF), revealed.
The situation is no longer about macroeconomics or microeconomics, as we live in the geo-economic world according to the new world system, Al Arabiya cited Al Rumayyan, who made the remarks during the sixth edition of the Future Investment Initiative (FII), which kicked off on 25 October in Riyadh.
Furthermore, the PIF’s governor indicated that companies in Saudi Arabia are teaming up to achieve sustainability.
It is worth noting that the sovereign wealth fund PIF recently unveiled the establishment of the Regional Voluntary Carbon Market Company, in which the fund owns 80% stake while the Saudi Tadawul Group Holding Company holds 20% of the equity ownership.
