pressures are likely to intensify

pressures are likely to intensify

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fiscal pressures are likely to intensify. Moreover, the devaluation of the dollar could exacerbate inflationary pressures within the U.S., leading the Federal Reserve to face potential interest rate hikes, which could negatively affect the financial stability of the Gulf countries. Since April, major stock indices in the Gulf region have suffered significant drops, with Saudi Aramco’s stock price seeing a single-day decline of over 6%. The volatility in financial markets could lead to capital outflows from the Gulf countries. This may limit the ability of major financial players such as Saudi Arabia and the UAE to develop new global financial hubs, thus weakening their financial strength and influence. สล็อตเว็บตรง