DeFI News by Thebittimes.Com

The UK is looking to be a part of Saudi Arabia ’s ‘ Vision 2030 ’ even before the US reaches out to the Kingdom. Saudi Arabia ’s ambitious project Vision 2030 is attracting investors from the globe and the UK is keen on building partnerships. A business delegation from the UK including HSBC Bank and British Airways, among others visited Saudi Arabia to discuss prospects of a partnership. Additionally, 450 other businesses from the UK were part of the delegation to build partnerships with Saudi Arabia’s ambitious project. Also Read: $2.1 Trillion in Savings Bleed Out of the U.S. Economy This is the largest business delegation the UK sent overseas in more than a decade. The development indicates that the UK aims to leverage Vision 2030 and partner early with Saudi Arabia for the project. The meeting in Riyadh ended on a positive note as both the UK and Saudi Arabia agreed to open up their markets for each other. Therefore, in the nex...

Saudi Arabia and other oil-rich Middle East countries are looking to join the BRICS alliance and accept the new currency. The UAE, Bahrain, Egypt, and Algeria, along with Iraq and Iran have expressed interest to join the bloc. The move could spell doom to the U.S. dollar as oil exporting nations would begin to accept BRICS currency for cross-border trade and not the USD. The stakes are high as the dollar is on the verge of collapse with many countries interested in BRICS tender. Also Read: Europe Might Get Ready To Accept BRICS Currency So what happens if Saudi Arabia , the UAE, and other oil-rich Middle East countries ditch the U.S. dollar and accept BRICS currency? How hard will the dollar fall and will its place as the global reserve currency come to an end? In this article, we will highlight what could happen to the U.S. dollar if the Middle East accepts BRICS currency. What Happens to the U.S. Dollar if Middle East Accepts BRICS Currency? Source: (Bandar Aljal...