Last month, the Saudi Central Bank – previously known as Saudi Arabian Monetary Authority (SAMA) – announced that it was increasing key interest rates by 0.75%. The move was in response to growing inflationary pressures as a result of rising global oil prices. With this hike, Saudi Arabia effectively joined the ranks of most other industrialized nations in raising key interest rates from their historic lows from prior to the 2008 financial crisis.

Design thinking is a human-centered approach that can be applied to any problem. It involves empathizing with the user's needs, defining the problem and exploring possible solutions through rapid prototyping.