RIYADH: The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, on Sunday announced several new senior appointments, just days after it also created two new deputy governor roles as part of its expansion drive.
The fund announced the appointment of Eyas Al-Dossari and Omar Al-Madhi as senior directors to its MENA investments division, and Abdullah Shaker as senior director to the global capital finance division.
Al-Dossari joins PIF from his position as managing director and head of investment banking for Goldman Sachs Saudi Arabia, where he served since 2017. He also previously worked at HSBC Saudi Arabia and the initial public offering and merger and acquisitions department at the Saudi Capital Market Authority.
On the latest episode of Frankly Speaking, Jerry Inzerillo, Chief Executive Officer of Diriyah Gate Development Authority, joins Frank Kane to talk about Saudi Arabia’s ambitious plans to take on the Pyramids and the Parthenon as a global destination for culture and heritage tourism.
CARBIS BAY, England: Group of Seven leaders were trying to resolve differences over a proposal to reallocate $100 billion from the International Monetary Fund’s warchest to help countries struggling to cope with the COVID-19 crisis.
An almost final version of the G7 communique seen by Reuters showed Germany and Italy had yet to back the inclusion of the $100 billion figure in the final statement by leaders.
The IMF’s members agreed in April to a $650 billion increase in IMF’s Special Drawing Rights and the G7 countries are considering whether to reallocate $100 billion of their rights to help poor countries fight the COVID pandemic.
The US and Germany, the UK and France (the EU3) are pressing on to revive the old Joint Comprehensive Plan of Action (JCPOA), also known as the Iran nuclear deal, in spite of all the current red flags linked to the Iranian regime and its nuclear program. While negotiations are ongoing, the Iranian regime keeps ratcheting up its violations of the deal, including spinning more