Saudi Arabia postpones major investment conference as Iran war fallout expands

Saudi Arabia has postponed its influential Future Investment Initiative conference, often called Davos in the Desert, in Riyadh. This decision follows security concerns stemming from continued Houthi attacks and expanding fallout from the Iran war. The annual event has served as Crown Prince Mohammed bin Salman’s flagship platform for securing global influence since 2017. The postponement occurs amid renewed hostilities between Saudi Arabia and Iran-backed Houthi rebels, impacting one of the world's preeminent investment gatherings.