The Latest Breaking News from Fund

Saudi PIF Establishes Regional Voluntary Carbon Market Company

The Public Investment Fund (PIF) announced the establishment of the Regional Voluntary Carbon Market Company, where PIF holds an 80% stake and Saudi Tadawul Group Holding Company holds a 20% stake in the company.

Asharq Al-Awsat · Oct 25, 2022

IMF, Tunisia Reach Deal on $1.9 Bn Loan

The International Monetary Fund and the Tunisian government have reached a tentative agreement to unblock a $1.9 billion loan as the country faces grave economic and political challenges. Under the four-year accord, the Tunisian government -- hit by growing public protests at home amid shortages of food and fuel --…

Asharq Al-Awsat · Oct 16, 2022

IMF Sees Middle East Growth at 5%

The Middle East is projected to grow at five percent this year, up from 4.1 percent in 2021.

Asharq Al-Awsat · Oct 14, 2022

IMF Provides Highest Financing to Arab Countries in Decades

Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), said that the world was going through a delicate stage due to successive shocks and uncertainty in the global economic system. He underlined the need for international cooperation to face challenges, especially with…

Asharq Al-Awsat · Oct 9, 2022

Saudi Arabia, Qatar Review Strategy for Joint Business Council

Saudi Minister of Investment Khalid al-Falih held talks at the Federation of Saudi Chambers headquarters with the chairman and members of the Saudi-Qatari Business Council. This comes as Saudi Arabia and Qatar are preparing a joint strategy for business in the private sector in the two countries.

Asharq Al-Awsat · Oct 8, 2022

Top UN official praises India for “thoughtful leadership and commitment” to advancing high-impact South South cooperation

India’s Permanent Mission to the UN organised a special event on October 7 Friday to mark the fifth anniversary of the $150 million India-UN Development Fund

The Hindu · Oct 8, 2022

Yemen: Militias Reopen Iranian Hospital That Was Used as Spy Center

The Iranian-backed Houthi militias reopened an Iranian hospital in Sanaa, 13 years after closing it and using it as a center for spying and promoting extremism. The militias changed the hospital's name and allocated more than 3.5 billion riyals to equip it. The move is considered one of the group's…

Asharq Al-Awsat · Oct 7, 2022

IMF Expects Yemen to Achieve 2% Economic Growth

The International Monetary Fund (IMF) mission expected that Yemen would achieve a modest economic growth of about two percent this year and 3.2 percent in 2023. However, the Fund called for more reforms, especially with regard to the customs dollar rate, support for the electricity sector, transparency in financial management,…

Asharq Al-Awsat · Oct 7, 2022

PIF's Airline to Launch First Flight in 2024

Saudi Crown Prince Mohammad bin Salman has given orders to exploit global economic opportunities following the COVID-19, Public Investment Fund (PIF) Governor Yasir al-Rumayyan revealed. Rumayyan said PIF made a 40 percent profit of about SAR35 billion from investments during the COVID-19 pandemic. He announced that the new airline that…

Asharq Al-Awsat · Oct 5, 2022

Saudi Arabia Signs MoU with IMF to Establish Regional Office in Riyadh

Saudi Arabia concluded a memorandum of understanding with the International Monetary Fund (IMF) to establish a regional office in Riyadh, which would boost its presence in the region and provide its economic recommendations to the countries of the Gulf and the region. Saudi Minister of Finance Mohammed al-Jadaan signed the…

Asharq Al-Awsat · Oct 4, 2022