Saudi Summit Postponed To 2027: FII cancels Riyadh meet; Houthi attacks fuel investment uncertainty

Saudi Arabia's highly anticipated investment conference, initially scheduled for October 26-29, has been postponed due to a rise in missile and drone attacks from Iranian-backed Houthi militants. Saudi Arabia has postponed a major investment conference scheduled to take place in Riyadh next week, dealing a setback to the kingdom’s economic ambitions amid escalating attacks by Iran-backed Houthi militants.The future investment initiative (FII), widely known as “Davos in the Desert”, will now be held on an unspecified date in 2027, as reported by CNN.The annual gathering typically highlights Saudi Arabia’s financial strength and its expanding influence in global markets. Several prominent Wall Street executives, including JPMorgan Chase CEO Jamie Dimon, Citigroup CEO Jane Fraser, Goldman Sachs CEO David Solomon and BlackRock chief Larry Fink, were scheduled to address the event.However, organisers decided to call off the October 26-29 conference following a series of Houthi attacks on the Saudi capital, including a deadly missile strike earlier this month targeting Riyadh’s King Khalid International Airport.Houthi attacks raise security concernsThe decision follows repeated Houthi mi...