IMF reaches tentative $1.21 billion bailout deal with Pakistan
Pakistan's dependence on Gulf energy imports, remittances and regional financing has left the economy exposed to the fallout from the Middle East conflict.
Business
IMF says AI investment propping up global growth, but war and debt threaten outlook
By David LawderBANGKOK, Oct 13 (Reuters) - The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising debt loads, the International Monetary Fund said on Tuesday.Despite a more protracted conflict that has kept oil prices above $100 a barrel, the IMF is forecasting 2026 global growth at 3.1%, a slight uptick from the 3.0% it predicted in July.
Business
Ministry of Energy signs MoU with IEF; OSP inks deal with U.S. Foundation
The Saudi Ministry of Energy signed on Monday a memorandum of understanding with the International Energy Forum (IEF) to strengthen cooperation across the energy sector.
Business
Al-Jadaan leads Saudi delegation to 2026 IMF-World Bank Annual Meetings
Minister of Finance Mohammed Al-Jadaan is leading Saudi Arabia's delegation to the 2026 Annual Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG), which began in Bangkok, Thailand, on Monday