by Abdul Hadi Habtor | Oct 27, 2016 | Business
Riyadh–Christine Lagarde, managing director of the International Monetary Fund (IMF), said that Saudi Arabia has started a great change in economic policy to respond to low oil prices. She added that the Saudis have started a fiscal adjustment, with expenditures...
by Mohamed Al-Bishi | Apr 20, 2014 | Business
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...
by Mohamed Al-Bishi | Apr 14, 2014 | Business
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...
by Shuja Al-Baqmi | May 30, 2013 | Business
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...
by Musaid Al-Zayani and Shuja Al-Baqmi | May 9, 2013 | Business
Riyadh, Asharq Al-Awsat—The 8th Saudi Arabian Euromoney Conference drew to a close on Wednesday after two days of talks between major international financial players on the competitiveness of the kingdom’s financial system. The conference highlighted national growth...
