RIYADH: Global finance chiefs who boycotted a Saudi investment summit last year following the murder of journalist Jamal Khashoggi returned to Riyadh this week as the Gulf kingdom gets business back on track.
HSBC CEO John Flint and Blackrock CEO Larry Fink, who had stayed away from last year's event, joined panels at the two-day financial forum that began on Wednesday, as did co-president of JPMorgan Chase & Co, Daniel Pinto. Riyadh has been trying for months to refocus attention on its reforms, sending a senior delegation to the World Economic Forum in Davos and unveiling an industrial plan to attract hundreds of billions of dollars in investments in January.
"These incidents will happen," he said of the Riyadh province attack."We are working with the world to make sure that we combat the financing of terrorism… and we work very closely with the West and the regional forces to make sure that we intercept and fight terrorism.”Earlier this month, state oil giant Saudi Aramco received more than US$100 billion in orders for its first international bond issue, a record breaking vote of market confidence.
The domestic financial sector is seeing a relative uptick in activity this year, fueled by an economic recovery from higher oil prices and government-led spending on big projects.
Source: News Formal (newsformal.com)
Reality $ sucks
peoples forget things rather easily 😅
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