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inflation components. In 2007-2008, when the dollar weakened, Saudi inflation peaked at II% despite higher bank reserve requirements and increased Central Bank bill issuance; food prices played a major role in this increase. Saudi Arabia is a large wheat importer, and has begun to phase out domestic subsidi
s per the World Bank), Saudi Arabia should in principle account for a greater share of global portfolios. Its GDP is greater than Malaysia, Ireland, Denmark or Hungary. But the following constraints are part of the investing landscape: Public equities: Saudi Arabia is 50% of Gulf region market cap and i
2.3 2.3 1.8 UK 0.6 2.6 2.5 2.3 France 1.1 1.8 2.0 1.6 China 2.0 1.7 2.7 2.4 Italy 0.9 1.6 1.4 1.0 Spain 3.3 3.1 2.9 2.3 Central Bank policy rate (%) MEM Q4-17F O4-18F Q4-19F Japan 0.9 1.8 1.2 0.8 US 1.375 1.375 2.375 3.125 UK 1.9 1.6 1.0 1.4 Eurozone 0.00 0.00
. AK Wei indenozsa. Kole& lantayske Frapperts Singgx, Lae& Teem& inefand end kik1nary Oil Brent (USD/bbl) 66.6 56.0 55.0 56.0 Australia Canada Denmark. Eurozone Japan ilea Seam) itonray Seeden Seitzenand UK and US Current prices as of 02-Jan-2018 DeUsche Bank Research' European Equity Focus —Janua
Wealth - i Corcturnpb Goods & semees My I Oarnmos Cools s serrkesy Cada' t Manufacturing! Services A Capital - K GOVERNMENT (Tres ury and Central Bank): (Buys goods and services, gold and assets; makes transfer payments) FIAT MONEY (Treasury Coin. Federal Reserve Notes. Bank reserves) MUMS IN
1971.7009 - 19902009 A 328 EFTA00625456 Fixed-rate vs. floating rate systems Land Rate adjustment (percentage of new business) ' Belgium Denmark Germany Greece Spain France Ireland Italy Luxembourg Netherlands Austria Portugal Finland United Kingdom F (75%). M (19%). V (6%) F (75
available to the general public in Oman. In connection with the offering of the interests, no prospectus has been registered with or approved by the Central Bank of Oman, the Oman Ministry of Commerce and Industry, the Oman Capital Market Authority or any other regulatory body in the Sultanate of Oman. The o
rol approval and filing requirements under the relevant Chinese foreign exchange regulations, as well as offshore investment approval requirements. Denmark Notice to Investors in Denmark The Fund is offered to a limited number of institutional and sophisticated investors. Pursuant to section II of the
Entities connected to both Central Bank and Denmark

Finland
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Norway
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Jeffrey Epstein
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Belgium
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United Kingdom
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United States
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Luxembourg
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Ireland
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Hungary
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George W. Bush
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Bloomberg L.P.
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Julie K. Brown
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Donald Trump
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Barack Obama
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Marc Rich
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European Union
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Michael Jackson
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Stephen Hawking
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Bill Clinton
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