Massoud A Derhally

Agreement will be enforced by the Washington-based lender, the International Finance Corporation and the Multilateral Investment Guarantee Agency

Agreement is subject to approval of fund's executive board in the coming weeks

Decision aims to restore country's macroeconomic stability and debt sustainability while easing the burden shouldered by the poor and vulnerable

Silicon Valley Bank is the biggest lender to fail in America since the 2008 financial crisis but 'a repeat of the turmoil of 15 years ago seems unlikely', Goldman Sachs says

Major indexes on Wall Street slide over bank contagion fears

Company will start trading on the Abu Dhabi Securities Exchange's first market on March 27

Turnover grew 59 per cent to $17 billion, supported by acquisitions and the solid performance of ports

Eyewear retailer has raised $750m over the past 12 months and the latest funding round values the company at $4.5bn

US crude stocks rose by 1.6 million barrels last week

Company may have a market value at listing that is between $2.04bn and $2.10bn

War-torn country's economy shrank by 30% last year

World's biggest economies slowed sharply in the fourth quarter of last year, with GDP decelerating to 0.3% in the last three months of 2022, from 1.4% in the previous quarter

Rating agency projects the US economy will slide into a mild recession in the latter part of 2023

PIF-backed new carrier Riyadh Air will purchased 72 aircraft while Saudia will get 49 planes

Carrier will be based at King Fahad International Airport in Dammam