Economy
IMF’s Lagarde Defers Trip to Saudi Arabia as Crisis Continues
The head of the International Monetary Fund deferred her trip to Saudi Arabia, where she had planned to attend an investment conference, adding to a growing number of business and finance leaders who’ve decided to skip the event after the disappearance of a Saudi journalist.
Managing Director Christine Lagarde’s previously scheduled trip to the Middle East is being “deferred,” a fund spokesperson said by email. Lagarde had said last week that she still intended to attend the Future Investment Initiative, which opens later this month.
The one-sentence statement from the IMF didn’t give a reason for the change or mention the summit.
Journalist Jamal Khashoggi disappeared two weeks ago after entering the Saudi consulate in Istanbul. Turkey suspects that he was murdered there, according to the New York Times and other media. The Saudi leadership denied any knowledge of his fate, but promised to determine all the facts and ensure accountability, said U.S. Secretary of State Mike Pompeo after meeting with the kingdom’s leaders.
A string of financial and business leaders has pulled out of the summit, which is organized by the Saudi crown prince, including JP Morgan Chase & Co.’s Jamie Dimon and Credit Suisse Group AG Chief Executive Officer Tidjane Thiam.
-
Banking & Finance2 weeks agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
Economy2 months agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
News2 months agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
-
News1 month agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
Economy2 months agoOman Unveils Official Omani Rial Symbol in Landmark Move to Boost Global Currency Presence
-
News1 month agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
-
Uncategorized1 month agoOman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
-
Trade2 months agoConsulate Office of the Republic of South Africa opens in Muscat, enhancing bilateral relations

You must be logged in to post a comment Login