Saudi financial conference to attract hundreds of regional and international experts

A press conference at the Ministry of Finance in Riyadh gave details of the Financial Sector Conference to be held this month. (Supplied)
Updated 17 April 2019
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Saudi financial conference to attract hundreds of regional and international experts

JEDDAH: A major conference taking place in Saudi Arabia this month will attract 2,000 business and financial leaders from the Kingdom, the region and across the world.

The Financial Sector Conference (FSC) is to be held on 24 and 25 April at the King Abdul Aziz International Conference Center in Riyadh.

The event is being organized by the Ministry of Finance, the Saudi Arabian Monetary Authority  (SAMA) and the Capital Market Authority (CMA). It is the latest high-profile conference hosted in the Kingdom as part of an effort to attract investment, share expertise and develop Saudi Arabia’s financial sector.

Khalid Al-Homoud, member of the CMA Board of Directors and the FSC Supervision Committee, said the event was among the most prominent financial conferences in the world and will be attended by “international corporations, international rating agencies, experts and specialists in finance, investment, banking and insurance.”

“The FSC highlights the Kingdom’s position as the largest financial market in the Middle East, as it provides a single platform for all Saudi financial sector stakeholders to engage in fruitful dialogue,” Al-Homoud, said during a press conference at the Ministry of Finance Monday.

Fahad Al-Saif, Head of the Debt Management Office, Advisor to the Finance Minister and chairman of the FSC technical committee, said sessions at the conference will cover the Saudi financial sector, Islamic finance and FinTech.

“We envision the FSC being the largest platform for financial dialogue in the Middle East and among the top financial sector events in the world, serving as a key catalyst for innovation, forging partnerships and building relationships between financial institutions and investors,” Al-Saif said.

The conference will be held under the patronage of King Salman and attended by Finance Minister Mohammed Al-Jadaan, SAMA governor, Ahmed Al-Kholifey, and Energy Minister Khalid Al Falih, among others.


Paris Air Show: After Boeing showstopper, Airbus seeks order bounce

Updated 19 June 2019
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Paris Air Show: After Boeing showstopper, Airbus seeks order bounce

  • British Airways owner IAG signs letter of intent to buy 200 of its 737 MAX jets
  • Airbus is looking for up to 200 orders for the A321XLR, which is designed to open up new routes

PARIS: Airbus, reeling from the potential loss of a major customer for its best-selling A320neo as British Airways owner IAG placed a lifeline order for the grounded 737 MAX, prepared to hit back with more orders for its A321XLR on Wednesday.
The planemaker has been negotiating with US airlines investor Bill Franke whose Indigo Partners has also been known to place orders for multiple airlines within its portfolio and could reel it in for the Paris Air Show, industry sources said.
Airbus declined to comment.
After weathering intense scrutiny over safety and its public image, Boeing won a vote of confidence on Tuesday as IAG signed a letter of intent to buy 200 of its 737 MAX jets that have been grounded since March after two deadly crashes.
The surprise order lifted the energy of a previously subdued Paris Airshow, where the talk had been of the possible end of the aerospace cycle, given the issues at both Boeing and Airbus as well as geopolitical and trade tensions around the world.
Australia’s Qantas Airways said on Tuesday it would order 10 Airbus new A321XLR jets and convert a further 26 from existing orders already on the Airbus books.
Airbus is also in talks with leasing company GECAS and has been trying to secure an eye-catching order for the A321XLR from American Airlines, though the world’s largest carrier does not typically make announcements at air shows.
Airbus is looking for up to 200 orders for the A321XLR, which is designed to open up new routes.