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International Monetary Fund Managing Director Christine Lagarde, speaks during a news conference. Associated Press
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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:
File photo of 55 Water Street, home of Standard & Poor’s, in New York. (AP Photo/Henny Ray Abrams)
S&P raises Saudi’s long-term sovereign rating outlook
Riyadh, Asharq Al-Awsat—Standard & Poor’s has upgraded Saudi Arabia’s long-term sovereign rating outlook from “stable” to “positive” following a similar move by Fitch in March. S & P’s new rating outlook for Saudi Arabia was issued just one day after...Caption:
Speakers are seen at the podium during the Euromoney Conference in Riyadh May 7, 2013. (REUTERS/Faisal Al Nasser)