Latest news with #ConferenceforEmergingMarketEconomies
Zawya
17-02-2025
- Business
- Zawya
AIIB and Saudi Arabia sign agreement to develop sustainable investment programme
Beijing-based multilateral financial insititution Asian Infrastructure Investment Bank (AIIB) and Saudi Arabia have signed an agreement to jointly establish a strategic investment programme aimed at mobilising long-term financing into sustainable infrastructure projects. The joint declaration of intent was signed at the Conference for Emerging Market Economies in Al-Ula, Saudi Arabia. The focus will be on six sectors, namely power generation and transmission, sustainable transport, water supply, sanitation, urban development, and renewable energy with storage projects in the Kingdom and the region, according to an AIIB press statement. The statement said the agreement represents a key step toward developing a multi-year rolling programme and establishes a pathway for expanding AIIB's non-sovereign-backed operations through public-private partnerships (PPP). Each party will designate a focal point to coordinate engagement with key stakeholders, ensuring the investment pipeline remains aligned with evolving infrastructure priorities through regular semi-annual reviews, the statement noted. In September 2023, AIIB had opened its first overseas office in Abu Dhabi. (Writing by SA Kader; Editing by Anoop Menon)
Zawya
17-02-2025
- Business
- Zawya
GCC central banks' governors meet with officials of People's Bank of China
Doha, Qatar: Governor of the Qatar Central Bank (QCB) H E Sheikh Bandar bin Mohammed bin Saoud Al Thani took part yesterday, in the joint meeting between the governors of the central banks in the Gulf Cooperation Council (GCC) countries and the People's Bank of China in the presence of H E Pan Gongsheng, Governor of the People's Bank of China, on the sidelines of the first edition of Al-Ula annual Conference for Emerging Market Economies, held on 16-17, 2025, in the city of Al-Ula in the Kingdom of Saudi Arabia. The meeting addressed a number of topics on the agenda, and appropriate decisions were taken. Governor H E Sheikh Bandar also took part in a panel titled 'Resilience of the Financial System in Emerging Markets' during the first edition of Al-Ula annual Conference for Emerging Market Economies, held on 16-17 February, 2025, in the city of Al-Ula in the Kingdom of Saudi Arabia. The Conference aims to address the challenges and opportunities facing emerging market economies. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
16-02-2025
- Business
- Daily News Egypt
Egypt's Al-Mashat discusses economic resilience at Saudi Arabia's AlUla conference
Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, is participating in the 'AlUla' Conference for Emerging Market Economies in Saudi Arabia. The conference, organised by the Saudi Ministry of Finance and the International Monetary Fund (IMF), began on Sunday, and will continue for two days under the theme 'Building Resilience in a Changing World.' The annual high-level conference aims to foster dialogue and cooperation to address the economic challenges facing emerging markets amid structural transformations of the global economy. It brings together high-level decision-makers, economic figures, and experts from around the world. The conference is attended by economists and decision-makers from governments and international financial institutions. Attendees include Kristalina Georgieva, Managing Director of the International Monetary Fund; Mohammed Al-Jadaan, Minister of Finance of Saudi Arabia; Ali bin Ahmed Al-Kuwari, Minister of Finance of Qatar; Anton Silvanov, Minister of Finance of Russia; Faisal Al-Ibrahim, Minister of Economy and Planning of Saudi Arabia; Jihad Azour, Director of the Middle East and Central Asia Department of the International Monetary Fund; and Jin Li Chun, President of the Asian Infrastructure Investment Bank. Other attendees include ministers of economy, planning, and finance, central bank governors of multiple countries, and heads of multilateral development banks. The 'AlUla' Conference represents a prominent global platform for addressing the impact of global economic changes on growth and development in emerging countries.
The National
14-02-2025
- Business
- The National
Emerging economies to meet in Saudi Arabia as Trump tariffs create trade uncertainty
Business Economy IMF and Saudi Finance Ministry to organise Conference for Emerging Market Economies in AlUla
The National
14-02-2025
- Business
- The National
Emerging economies to meet in Saudi Arabia as Trump tariffs cast trade uncertainty
Business Economy IMF and Saudi Finance Ministry to jointly organise Conference for Emerging Market Economies in AlUla
