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File photo showing a view of the Riyadh skyline. (Asharq Al-Awsat)
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Saudi Arabia’s Finance Minister Ibrahim Al Assaf speaks during the Euromoney Conference in Riyadh May 7, 2013. (Reuters/Faisal Al Nasser)
New Saudi company will spearhead industrial investment—finance minister
Washington, DC, Asharq Al-Awsat—A new joint public–private investment company set up by the Saudi government will be its main investment arm for the industrial and manufacturing sectors as the Kingdom looks to diversify its economy, according to Saudi Arabian Finance...Caption:
Financial leaders join other International Monetary and Financial Committee (IMFC) finance ministers, bank governors and other ministers from around the world for a family photo during the IMF and World Bank’s 2014 Annual Spring Meetings in Washington, DC, on April 12, 2014. (Reuters/Mike Theiler)
Saudi Finance Minister: US delaying IMF reforms
Washington, DC, Asharq Al-Awsat—The US is responsible for delaying long-awaited IMF reforms, Saudi Finance Minister Ibrahim Al-Assaf told Asharq Al-Awsat on the sidelines of the Spring Meetings of the IMF and World Bank in Washington, DC on Saturday. “The finance...Caption:
An undated photograph of the outside of the Abu Dhabi Investment Authority Building in Abu Dhabi, UAE. (Reuters)
Abu Dhabi’s sovereign wealth fund is world’s second largest
London, Asharq Al-Awsat—Abu Dhabi’s sovereign wealth fund (SWF), the Abu Dhabi Investment Authority (ADIA), is the world’s second largest in terms of overall assets, according to a quarterly list published by the Sovereign Wealth Fund Institute. The ADIA, which has...Caption:
with Richard Banks, the head of Eurozone Conference’s emerging markets unit