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.
-
Economy2 months agoOER Magazine September Edition 2026
-
Fashion2 months agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Alamaliktistaad Magazines1 month agoAlam Al-Iktisaad Magazine September 2026 Edition
-
Artificial Intelligence2 months agoWhat the World’s Top 10 Tech CEOs Really Earn
-
Construction1 month agoSAH wins double honours at Dossier Construction Awards & Summit 2026
-
Magazines2 months agoOER Magazine August Edition 2026
-
Banking & Finance2 months agoCan You Earn 4.5% on Your Savings in Oman? The Truth About Money Market Funds
-
Real Estate1 month agoAgreements worth over RO1 billion signed at Urban October 2026

You must be logged in to post a comment Login