From CNBC · Emma Graham,Spencer Kimball · · 1m 20s
Saudi Arabia postpones investor conference to 2027
The Future Investment Initiative is delayed after Houthi attacks kill 12 at Riyadh airport, forcing major finance leaders to cancel plans.
In brief
The Future Investment Initiative is delayed after Houthi attacks kill 12 at Riyadh airport, forcing major finance leaders to cancel plans. Saudi Arabia postponed its Future Investment Initiative from October twenty-sixth to twenty-ninth until twenty twenty-seven after Iran-backed Houthis killed at least twelve people…
Conference postponed to 2027
Saudi Arabia postponed the Future Investment Initiative from October twenty-sixth to twenty-ninth until twenty twenty-seven. Organizers said they would announce new dates very soon.
“We will announce the new 2027 dates very soon”
Houthis attack Riyadh airport
Iran-backed Houthi militants attacked King Khalid International Airport in Riyadh on October tenth, leaving at least twelve people dead and more than three hundred injured.
Top finance leaders were speakers
JPMorgan Chase's Jamie Dimon, Goldman Sachs' David Solomon, Blackstone's Stephen Schwarzman, BlackRock's Larry Fink and Citigroup's Jane Fraser were listed as speakers for the conference.
Escalating attacks across kingdom
The Houthis claimed Monday to have attacked King Khalid International Airport again, Abha International Airport, Saudi Aramco facilities in Yanbu, the Shaybah oilfield and Saudi naval forces.
Saudi military intercepts strikes
Saudi armed forces destroyed several drones launched at the Riyadh region on Friday and Saturday. Missiles launched over the Red Sea were also intercepted Friday, including one heading toward Yanbu.
The bottom line
Saudi Arabia postponed its Future Investment Initiative from October twenty-sixth to twenty-ninth until twenty twenty-seven after Iran-backed Houthis killed at least twelve people in an airport attack.
