Saudi Arabia postpones 'Davos in the Desert' conference amid Houthi attacks

Saudi Arabia has postponed its Future Investment Initiative conference to 2027, nicknamed 'Davos in the Desert', amid attacks by Iran-backed Houthis. The conference, scheduled to be held from October 26-29, was expected to feature CEOs of Citigroup, Goldman Sachs and BlackRock. It reportedly featured finance and tech executives leading firms with a combined market value of $3 trillion last year.