OPINION
Moody’s Investors Service expects that the additional government measures will contain the increase in sociopolitical risks observed in much of the broader Middle East and Africa region
Fully decentralized blockchains such as Bitcoin are still not feasible to use at scale due to the lower transaction throughput offered by existing centralized systems, representing one of the main stumbling blocks to broad-based adoption of crypto assets as a means of payment
Saudi banks still sit on a relatively large portfolio of government and private sector securities that can be eventually liquidated to accommodate lending growth
This is a mutually beneficial partnership with the UAE getting access to one of the fastest-growing economies
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