Saudi Arabia Experiencing Very Optimistic Period, Says Al Rajhi's Al Sudairi

The video discusses the market's reaction to comments from the Crown Prince, highlighting a 1.5% decline. It explains how the rise in US interest rates has affected global markets, including Saudi Arabia. Despite global challenges, Saudi Arabia is experiencing economic optimism due to increased government spending and higher oil prices. The expected government revenue is higher than previously announced, leading to a narrower deficit. Overall, these factors contribute to a positive market sentiment.

What was the percentage decline mentioned in the text?

How did the rise of interest rates in the United States affect equity across portfolios?

What is the expected increase in government spending in Saudi Arabia for the next year?

What oil price was the announcement based on?

What is the expected deficit for this year according to the text?