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Top related persons:
King - 1 Faisal Al Nasser - 1 Mati - 1 Prince Mohammed bin Salman - 1 Rachna Uppal - 1 Yousef Saba - 1 Andrew Cawthorne - 1 Andrea Ricci - 1
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Riyadh Saudi Arabia Rights DUBAI Saudi Aramco Russia
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King Abdullah Financial District - 1 REUTERS - 1 Rights - 1 Monetary Fund - 1 Saudi - 1 IMF - 1 Government - 1 Thomson - 1

Search resuls for: "King Abdullah Financial District"


2 mentions found


☆ IMF expects Saudi GDP growth to slow on extended oil output cuts
  + stars: | 2023-09-06 | by ( Rachna Uppal Yousef Saba | Rachna Uppal | Yousef Saba | ) www.reuters.com   time to read: +2 min
A view shows the construction of the King Abdullah Financial District, north of Riyadh, Saudi Arabia April 11, 2016. REUTERS/Faisal Al Nasser/File Photo Acquire Licensing RightsDUBAI, Sept 6 (Reuters) - The International Monetary Fund (IMF) expects GDP growth in Saudi Arabia to slow further from the currently forecast 1.9% to reflect the latest extension of oil production cuts, an IMF official said, even as non-oil growth is seen remaining strong. But cuts to production this year and lower prices have hit oil revenues and will weigh on growth. The IMF forecasts non-oil GDP growth at 4.9% this year. The IMF said the outlook for Saudi Arabia was positive and that risks remained balanced.
Persons: King, Faisal Al Nasser, Mati, Prince Mohammed bin Salman, Rachna Uppal, Yousef Saba, Andrew Cawthorne, Andrea Ricci, Nick Macfie Organizations: King Abdullah Financial District, REUTERS, Rights, Monetary Fund, Reuters, Saudi, IMF, Government, Thomson Locations: Riyadh, Saudi Arabia, Rights DUBAI, Saudi, Aramco, Russia
☆ Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off
  + stars: | 2023-03-27 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +1 min
The Saudi National Bank (SNB) headquarters beyond the King Abdullah Financial District Conference Center in the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, Dec. 6, 2022. Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his comments exacerbated the share collapse of troubled bank Credit Suisse . Al-Khudairy is stepping down "due to personal reasons," the bank said. The then-SNB chairman said the Saudi bank would not intercede "for many reasons outside the simplest reason, which is regulatory and statutory." The comments fueled investor panic, sinking Credit Suisse shares 24% during that session, despite effectively reiterating SNB's previous position that it did not intend to expand its holdings beyond its then 9.9% interest as Credit Suisse's largest shareholder.
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