Exclusive | Some Wall Street Leaders Are Weighing Bailing on ‘Davos in the Desert’ After Attacks on Riyadh
Wall Street leaders are weighing whether to skip the Future Investment Initiative conference, known as Davos in the Desert, following recent Houthi attacks near Riyadh and Yemen. The security threats have rattled United States executives, prompting finance firms to let staff work from home and sparking lobbying efforts for a postponement. Saudi Arabia closed a Riyadh skyscraper and sent employees home while considering whether to postpone the event or shift it online in response to the regional security situation.
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- ✓ Attacks in Saudi Arabia prompted finance firms to let staff work from home.
- ✓ Houthi threats caused Saudi Arabia to send skyscraper employees home.
- ✓ Chopper pilots were killed near Yemen.
What changed
Security threats and Houthi attacks near Riyadh have triggered Wall Street discussions about skipping the upcoming investment conference.
Live updates
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Wall Street Weighs Bailing on Riyadh Summit After Attacks
Wall Street leaders are weighing whether to skip the Future Investment Initiative conference, known as Davos in the Desert, following recent Houthi attacks near Riyadh and Yemen. The security threats have rattled United States executives, prompting finance firms to let staff work from home and sparking lobbying efforts for a postponement. Saudi Arabia closed a Riyadh skyscraper and sent employees home while considering whether to postpone the event or shift it online in response to the regional security situation.
Why it matters
The annual Future Investment Initiative attracts global finance executives to Saudi Arabia to discuss economic projects and investments. Ongoing security threats involving Houthi rebels and regional instability create operational risks for major financial institutions operating in the area. Such disruptions threaten high-profile diplomatic and business engagements linking Western financial markets with Middle Eastern capital.
What is confirmed
- Attacks in Saudi Arabia prompted finance firms to let staff work from home.
- Houthi threats caused Saudi Arabia to send skyscraper employees home.
- Chopper pilots were killed near Yemen.
Still unconfirmed
- Some Wall Street leaders are weighing bailing on the Davos in the Desert conference after attacks on Riyadh.
- Saudi Arabia is deciding on postponing the Future Investment Initiative after Wall Street lobbying.
- Saudi Arabia shifted the FII summit online amid security threats.
What to watch next
- Official decisions from Saudi organizers regarding postponing or shifting the FII summit online
- Announcements from major Wall Street firms on executive attendance at the conference
confidence 90%Sources used for this update (13)
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- South China Morning Post — Saudi closes Riyadh skyscraper as chopper pilots killed near Yemen
- dw.com — Saudi Arabia sends skyscraper employees home amid Houthi threats
- Reuters — Attacks in Saudi Arabia prompt finance firms to let staff work from home, sources say
- WSJ — Exclusive | Some Wall Street Leaders are Weighing Bailing on ‘Davos in the Desert’ After Attacks on Riyadh
- Fox News — Saudi Arabia on edge: Iconic Kingdom Centre sends workers home amid Houthi attacks
- SuaraGarut.ID — Saudi Arabia Shifts FII Summit Online Amid Security Threats
- Traders Union — Middle powers gain leverage as fragmented geopolitics weakens larger states
- EnterpriseAM — Chasing cashflow
- Financial News London — Some Wall Street Leaders Are Weighing Bailing on ‘Davos in the Desert’ After Attacks on Riyadh
- Yahoo — Saudi to decide on postponing FII after Wall Street lobbying
- biztoc.com — Some Wall Street Leaders are Weighing Bailing on ‘Davos in ...
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