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.
-
News1 month agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Investment2 months agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
News2 months agoINVESTIGATION: Is AI in a Bubble? Inside the Trillion-Dollar Question Reshaping Global Markets
-
News1 month agoThales & Ankaa to Deliver Multi-Mission Air Traffic Surveillance Radars for Oman, Capable of Supporting Civil & Military Operations
-
Banking & Finance2 months agoSohar Islamic Launches Exclusive Infinite Credit Card for HNWIs in Oman
-
Economy2 months agoOMIFCO Successfully Completes Bookbuilding & Sets Final IPO Offer Price
-
Economy2 months agoWhat Higher Oil Prices Mean for Oman’s Economy in 2026
-
Business1 month agoOman India Fertiliser Company Lists on Muscat Stock Exchange

You must be logged in to post a comment Login