Saudi Arabia Cancels 2026 "Davos in the Desert" Investment Conference Amid Houthi Attacks
The Saudi Arabian government has decided to postpone its flagship investment conference, known as the "Davos in the Desert" or the Future Investment Initiative, until 2027, amid ongoing security threats from the Houthi group in Yemen.
As a result, the Saudi government has instructed all its staff to work from home to ensure the safety of its citizens and visitors.
Background on Saudi Arabia and Houthi Conflict
- Saudi Arabia is a major oil-producing nation and a key player in the Middle East region.
- The Houthi group is a Yemeni Shia Muslim rebel movement that has been engaged in a conflict with the Saudi-backed Yemeni government.
- The ongoing conflict has caused significant humanitarian crises and destabilized the region.
<small>Source: Al Jazeera — read the original story there.</small>
