DAVOS, Switzerland: As the world’s heads of government, top executives and tech gurus make their way to the World Economic Forum’s annual meeting in the snow-covered Swiss alpine town of Davos, one thing is certain: Everyone is eying Saudi Arabia.
The global economy is facing one of the most tumultuous periods in recent history and the likelihood of a global recession has increased, according to a new report from Saudi Arabia’s Ministry of Economy and Planning (MEP).
Flushed with cash from a post-pandemic oil boom, Gulf states face once again a choice: lifting up their citizenries’ short-term contentment or fiscal restructuring and investing in long-term productive assets.
International Monetary Fund (IMF) will set up a regional office in Riyadh. This will spearhead engagement with regional institutions, strengthen relationships with countries, and help expand the IMF’s development activities, said IMF Managing Director.
Statement by IMF Managing Director Kristalina Georgieva on her Visit to Saudi Arabia miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.