JPMorgan CEO and Ford chairman pull out of Saudi Arabia’s ‘Davos in the desert’
6 years, 3 months ago

JPMorgan CEO and Ford chairman pull out of Saudi Arabia’s ‘Davos in the desert’

CNN  

New York CNN Business — A growing number of top business leaders are pulling out of a high-profile Saudi investment conference following the disappearance of journalist Jamal Khashoggi. A JPMorgan Chase spokesperson said late Sunday that the bank’s CEO, Jamie Dimon, won’t attend the conference later this month as previously planned. The Saudi business conference, officially titled the Future Investment Initiative, is part of Saudi Crown Prince Mohammed bin Salman’s efforts to modernize the country’s economy and wean it off its dependence on oil. SoftBank CEO Masayoshi Son has used Saudi Arabia’s oil riches to help him become one of the most powerful tech investors in the world. These are the high-profile participants who have pulled out of the Saudi conference: JPMorgan Chase CEO Jamie Dimon Ford Executive Chairman Bill Ford Uber CEO Dara Khosrowshahi Blackstone CEO Stephen Schwarzman Blackrock CEO Larry Fink MasterCard CEO Ajay Banga Viacom CEO Bob Bakish Thrive CEO Ariana Huffington Sinovation Ventures CEO Kai-Fu Lee World Bank President Jim Yong Kim Los Angeles Times owner Patrick Soon-Shiong Economist Editor-in-Chief Zanny Minton Beddoes New York Times columnist Andrew Ross Sorkin These public figures are still planning to participate: US Treasury Secretary Steven Mnuchin Siemens CEO Joe Kaeser Credit Suisse CEO Tidjane Thiam IMF Managing Director Christine Lagarde EDF CEO Jean-Bernard Lévy These executives have not yet commented on whether they still plan to attend SoftBank CEO Masayoshi Son HSBC CEO John Flint Glencore Chairman Tony Hayward London Stock Exchange CEO David Schwimmer Societe Generale CEO Frédéric Oudéa BNP Paribas Chairman Jean Lemierre Standard Chartered CEO William Winters Accor CEO Sébastien Bazin

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History of this topic

Ex-Colorado staffer pitched Saudi Arabia to be a $10M NIL pipeline
3 months, 3 weeks ago

Ex-Colorado staffer pitched Saudi Arabia to be a $10M NIL pipeline

New York Times  

A former member of the Colorado football staff took a trip without the team’s knowledge to Saudi Arabia in December in hopes of striking a $10 million deal between the country’s tourism arm and the collective that raises name, image and likeness funds for the university’s athletes. Reilly sent a presentation to his contact in Saudi Arabia that laid out …

Saudi Arabia’s ‘Davos of the Desert’ awaits new US policy
3 years, 11 months ago

Saudi Arabia’s ‘Davos of the Desert’ awaits new US policy

Al Jazeera  

Saudi Arabia, the Arab world’s largest economy, is scheduled to hold its annual Future Investment Initiative amid the ongoing coronavirus pandemic and a new US administration said to be reluctant to cede to the kingdom’s strategic imperatives. There has never been a more important time to bring the greatest minds together to harness this opportunity to reimagine our world.” Vision …

Column: If the Khashoggi murder didn’t make Saudi money toxic, the Bezos hack won’t either
4 years, 11 months ago

Column: If the Khashoggi murder didn’t make Saudi money toxic, the Bezos hack won’t either

LA Times  

President Trump with Saudi Crown Prince Mohammed bin Salman at the White House. The technical experts hired by Bezos found enough to conclude “with medium to high confidence that Bezos’ iPhone X was compromised via malware sent from a WhatsApp account used by Saudi Crown Prince Mohamed bin Salman.” The malware prompted the phone to transmit an immense volume of …

Move on from Khashoggi, let’s do business: Saudis to Davos
5 years, 11 months ago

Move on from Khashoggi, let’s do business: Saudis to Davos

Live Mint  

Davos: If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos. It has managed to secure top Western businessmen for a panel debate on 'Next Steps for Saudi Arabia', where French oil major …

Move on from Jamal Khashoggi, let us do business: Saudis to Davos
5 years, 11 months ago

Move on from Jamal Khashoggi, let us do business: Saudis to Davos

India Today  

If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos. It has even managed to secure top Western businessmen for a panel debate on 'Next Steps for Saudi Arabia', where French oil major …

Saudi Arabia faces fight for investment after Khashoggi killing
6 years, 1 month ago

Saudi Arabia faces fight for investment after Khashoggi killing

CNN  

Dubai CNN Business — Saudi Arabia’s young crown prince had a vision for his kingdom: a country with a diversified economy, a booming tourism and entertainment industry and a budding tech hub with some of the world’s biggest names. ‘Maybe he did, maybe he didn’t’ But he also left open the possibility that bin Salman may have been involved, as …

CEO of Uber Dara Khosrowshahi: We will ‘wait to get the facts’ on Khashoggi killing
6 years, 2 months ago

CEO of Uber Dara Khosrowshahi: We will ‘wait to get the facts’ on Khashoggi killing

CNN  

Laguna Beach, California CNN Business — Uber CEO Dara Khosrowshahi says he’s waiting for more information about the killing of journalist Jamal Khashoggi before taking any action over the Saudi government’s significant investment in the startup. Khosrowshahi was one of the first major CEOs to pull out of a high-profile Saudi business conference last month as the international outcry grew …

Can Saudi Arabia win back its business partners after journalist’s murder?
6 years, 2 months ago

Can Saudi Arabia win back its business partners after journalist’s murder?

CNN  

Riyadh, Saudi Arabia CNN Business — Global business relationships that were carefully cultivated by Saudi Arabia have been badly damaged by the murder of journalist Jamal Khashoggi, casting the kingdom’s economic reforms into serious doubt. The kingdom had hoped an investment conference in Riyadh this week would be a star-studded celebration of Crown Prince Mohammed bin Salman’s Vision 2030 program …

Under Jamal Khashoggi shadow, Saudis put best face on business summit
6 years, 2 months ago

Under Jamal Khashoggi shadow, Saudis put best face on business summit

Live Mint  

Riyadh/Dubai: Global business leaders may have stayed away, but Saudi Arabia’s flagship investment conference started on Tuesday with a crowd. Another changed the topic to talk about the conference’s agenda.thirdMAds A surprise appearance was made by Saudi Arabia’s main foreign antagonist in the Khashoggi affair: Turkish President Recep Tayyip Erdogan, whose speech scorning the kingdom’s version of events was briefly …

Mohammed bin Salman is trying to save his Vision 2030
6 years, 2 months ago

Mohammed bin Salman is trying to save his Vision 2030

CNN  

Riyadh, Saudi Arabia CNN Business — Crown Prince Mohammed bin Salman is pressing on with his ambitious plan to modernize Saudi Arabia’s economy despite a deep chill in relations with global business and investors over the killing of a critical journalist. “I am sure we will come out of this stronger.” Crown Prince Mohammed bin Salman at the Future Investment …

Saudi Arabia's investment conference draw deals worth $50 billion despite boycotts over Jamal Khashogi's killing
6 years, 2 months ago

Saudi Arabia's investment conference draw deals worth $50 billion despite boycotts over Jamal Khashogi's killing

Firstpost  

A number of Western politicians and global business chiefs stayed away from Saudi Arabia’s premier investment event over the Khashoggi case. Riyadh: Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great - more people more money”. The …

SoftBank’s Masayoshi Son is skipping ‘Davos in the desert’
6 years, 2 months ago

SoftBank’s Masayoshi Son is skipping ‘Davos in the desert’

CNN  

Riyadh, Saudi Arabia CNN Business — Masayoshi Son, the tech tycoon who has spent billions of Saudi money, is staying away from the kingdom’s major investment summit this week. The founder and CEO of Japanese tech company SoftBank won’t attend the Future Investment Initiative in Riyadh, a person familiar with the matter told CNN on Wednesday. Son has positioned himself …

Saudi conference begins after exodus of CEOs
6 years, 2 months ago

Saudi conference begins after exodus of CEOs

CNN  

Riyadh, Saudi Arabia CNN Business — Saudi Arabia’s investment conference opened on Tuesday with a dearth of big name speakers and a fleeting appearance by its sponsor, Crown Prince Mohammed bin Salman. Speaking to CNN Business at the conference, the head of Saudi oil company Aramco, Amin Nasser, said “everyone here feels sorry” about Khashoggi’s death but the kingdom was …

Siemens CEO explains why he won’t go to Saudi Arabia
6 years, 2 months ago

Siemens CEO explains why he won’t go to Saudi Arabia

CNN  

New York CNN Business — In an unusual behind-the-scenes glimpse at corporate decision-making, Siemens CEO Joe Kaeser detailed why he pulled out of this week’s Future Investment Initiative in Saudi Arabia. Kaeser said he received “hundreds, if not thousands, of e-mails” urging him not to attend the conference and he attempted to strike the “right balance between values, interests and …

Saudi crisis shows Wall Street struggle between ethics and cash
6 years, 2 months ago

Saudi crisis shows Wall Street struggle between ethics and cash

Live Mint  

New York: As chief executive of the world’s biggest asset manager, Larry Fink began the year with a call to the thousands of companies that the firm holds stakes in: Show how they make a “positive contribution to society.” Now Fink’s BlackRock Inc., overseeing more than $6 trillion of other people’s money, is facing a comparable challenge, stuck between conscience …

Saudi’s Khashoggi story is preposterous, but MBS will get a pass
6 years, 2 months ago

Saudi’s Khashoggi story is preposterous, but MBS will get a pass

CNN  

Editor’s Note: Nic Robertson is CNN’s international diplomatic editor. Mohammed Bin Salman, Saudi Arabia’s Crown Prince, or MBS as he is known, is widely believed to own a $500M mega-yacht, one of the world’s most expensive houses, a sumptuous chateau outside Paris and last year to have set a new art world record for the most expensive painting, Leonardo da …

Washington Post publisher calls Saudi announcement on Khashoggi a ‘coverup’
6 years, 2 months ago

Washington Post publisher calls Saudi announcement on Khashoggi a ‘coverup’

CNN  

New York CNN — The Washington Post says Saudi Arabia’s announcement about the death of contributing columnist Jamal Khashoggi is not an explanation at all, but a “coverup.” And the Post is putting even more pressure on President Trump, the US Congress and other countries to hold the Saudis accountable. “President Trump, Congress and leaders of the civilized world should …

As business leaders begin to shun Saudi Arabia over Jamal Khashoggi disappearance, big blow to oil-rich country's economic reputation
6 years, 2 months ago

As business leaders begin to shun Saudi Arabia over Jamal Khashoggi disappearance, big blow to oil-rich country's economic reputation

Firstpost  

The disappearance of Saudi journalist Jamal Khashoggi last seen entering the kingdom’s consulate in Istanbul has shaken businesses’ confidence in the country as a place to do business, with potential consequences for billions of dollars in investments into and out of the country. “Foreign investment is a main pillar of Vision 2030,” said Sebastian Sons, an expert on Saudi Arabia …

Trump shifts tone on Saudi Arabia as evidence mounts over Khashoggi’s disappearance
6 years, 2 months ago

Trump shifts tone on Saudi Arabia as evidence mounts over Khashoggi’s disappearance

CNN  

CNN — The US moved closer to acknowledging the role of Saudi Arabia in journalist Jamal Khashoggi’s apparent death as new details emerged linking his disappearance to people close to the kingdom’s crown prince. However, on Thursday, Saudi Arabia felt the first repercussions from the US over Khashoggi’s apparent death, with Treasury Secretary Steve Mnuchin pulling out of a planned …

Treasury Secretary Mnuchin still plans to attend Saudi anti-terror finance meeting after Khashoggi disappearance
6 years, 2 months ago

Treasury Secretary Mnuchin still plans to attend Saudi anti-terror finance meeting after Khashoggi disappearance

LA Times  

Washington Post Treasury Secretary Steven T. Mnuchin has decided to take part in an anti-terror finance meeting with Saudi security officials and their Middle Eastern counterparts in Riyadh later this month, opting to attend despite growing global outrage over the suspected murder of a U.S.-based journalist at the hands of Saudi operatives, according to three people familiar with his travel …

Jamal Khashoggi: UK pulls out of Saudi Arabia trade conference over missing journalist
6 years, 2 months ago

Jamal Khashoggi: UK pulls out of Saudi Arabia trade conference over missing journalist

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s secretary of state for international trade has pulled out …

Mike Pompeo and Trump push to buy time for Saudis on Khashoggi probe
6 years, 2 months ago

Mike Pompeo and Trump push to buy time for Saudis on Khashoggi probe

CNN  

Washington CNN — Secretary of State Mike Pompeo pushed to buy time for Saudi Arabia Thursday, urging patience as they conduct an investigation into the disappearance of Jamal Khashoggi and leaving open the possibility the White House will do little or nothing in response. That meeting drew scathing criticism for the warm smiling images of Pompeo with the Saudi royals …

Saudi conference: All the business A-listers that have bailed
6 years, 2 months ago

Saudi conference: All the business A-listers that have bailed

CNN  

CNN Business — Most of the big names who were due to attend Saudi Arabia’s investment conference next week have bailed out following the disappearance and apparent killing of prominent journalist Jamal Khashoggi. IMF Managing Director Christine Lagarde dropped out on Wednesday closely followed by the heads of two of France’s biggest banks. These are the high-profile participants who have …

PR and politics: ‘Davos of the Desert’ sees mass cancellations
6 years, 2 months ago

PR and politics: ‘Davos of the Desert’ sees mass cancellations

Al Jazeera  

Hailed as the start of Saudi’s economic reform, the Future Investment Initiative is now tainted by the Khashoggi case. — CNN Communications October 12, 2018 But Luciano Zaccara, research coordinator at Qatar University’s Gulf Studies Center, said it remains to be seen if the cancellations will have any long-term effect and if companies are not just pulling out for public …

Google drops out of Saudi conference amid disappearance of Jamal Khashoggi
6 years, 3 months ago

Google drops out of Saudi conference amid disappearance of Jamal Khashoggi

Hindustan Times  

Alphabet Inc’s Google on Monday became the latest company to drop out of a business conference in Saudi Arabia. Pressure has mounted on Saudi Arabia since prominent Saudi journalist Jamal Khashoggi, a US resident, Washington Post columnist and critic of Saudi policies, went missing. Google said in a statement that Google Cloud Chief Executive Diane Greene would not attend the …

IMF chief Christine Lagarde is skipping Saudi Arabia’s investment conference
6 years, 3 months ago

IMF chief Christine Lagarde is skipping Saudi Arabia’s investment conference

CNN  

Hong Kong CNN Business — Saudi Arabia’s big investment conference is losing more high-profile guests as the international crisis over the disappearance of journalist Jamal Khashoggi intensifies. The IMF said in a statement late Tuesday that Managing Director Christine Lagarde’s trip to the Middle East for the conference next week “is being deferred.” It’s an abrupt change of position from …

HSBC, Credit Suisse CEOs ditch Saudi Arabia’s investment conference
6 years, 3 months ago

HSBC, Credit Suisse CEOs ditch Saudi Arabia’s investment conference

CNN  

London CNN Business — Saudi Arabia’s isolation in the global business world deepened Tuesday as three of Europe’s top bankers joined a growing list of executives who have pulled out of a high-profile investment conference in Riyadh next week. A spokesperson for HSBC said its CEO, John Flint, would not attend the Future Investment Initiative, and a person familiar with …

‘Davos in the Desert’ faces more cancellations over Khashoggi
6 years, 3 months ago

‘Davos in the Desert’ faces more cancellations over Khashoggi

Al Jazeera  

Executives of US private equity firms and credit card company Mastercard are the latest to withdraw from Saudi forum. The political fallout of the disappearance and possible death of Saudi writer Jamal Khashoggi has continued to reverberate around the world, casting a cloud on a major investment conference aimed at promoting Saudi Crown Prince Mohammed bin Salman‘s plans for the …

Attendees drop out of conference known as ‘Davos in the Desert’
6 years, 3 months ago

Attendees drop out of conference known as ‘Davos in the Desert’

CNN  

CNN Business — Some of the biggest names in global business and finance have canceled plans to attend an investment conference in Saudi Arabia next week because of the unexplained disappearance of prominent Saudi journalist Jamal Khashoggi. The Saudi conference, known as “Davos in the desert,” is part of Crown Prince Mohammed bin Salman’s plan to transform the oil-dependent economy. …

SoftBank’s deep ties with Saudi Arabia are making investors nervous
6 years, 3 months ago

SoftBank’s deep ties with Saudi Arabia are making investors nervous

CNN  

Hong Kong CNN Business — Masayoshi Son used Saudi Arabia’s oil riches to help him become one of the world’s most powerful tech investors. Shares in Son’s Japanese tech company SoftBank plunged more than 7% in Tokyo on Monday as international pressure intensified on Saudi Arabia over the disappearance of prominent journalist Jamal Khashoggi. Jeenah Moon/Bloomberg via Getty Images Top …

How will Saudi Arabia deal with the stock market plunge?
6 years, 3 months ago

How will Saudi Arabia deal with the stock market plunge?

Al Jazeera  

Saudi shares take a dive in the aftermath of the disappearance of journalist Jamal Khashoggi. The fall comes a day after US President Donald Trump threatened ‘severe punishment’ if Saudi Arabia was found to be responsible for Khashoggi’s disappearance, but Riyadh warned it would retaliate if economic sanctions are imposed on it. As pressure mounts on Saudi Arabia, several US …

Saudi Arabia vows response if Khashoggi case triggers sanctions
6 years, 3 months ago

Saudi Arabia vows response if Khashoggi case triggers sanctions

Al Jazeera  

Riyadh has fired back at threats of economics consequences coming from the US. Saudi Arabia said on Sunday it would retaliate to possible economic sanctions taken by other states over the case of Jamal Khashoggi, state news agency SPA reported. On Saturday, US President Donald Trump vowed “severe punishment” for the Saudis if evidence arises proving they had a role …

Saudi stocks plunge amid pressure over Khashoggi disappearance
6 years, 3 months ago

Saudi stocks plunge amid pressure over Khashoggi disappearance

Al Jazeera  

Uncertainty surrounding the disappearance of Saudi journalist has caused the market to fall, market strategists say. Saudi stocks dove seven percent in early trading on Sunday as the oil-rich kingdom comes under increasing international pressure over the disappearance of journalist Jamal Khashoggi. The index had already dropped three percent on Thursday, following a rout on world stock markets fuelled by …

Saudi ‘Davos in the Desert’ attendees drop out over Khashoggi disappearance
6 years, 3 months ago

Saudi ‘Davos in the Desert’ attendees drop out over Khashoggi disappearance

LA Times  

Bloomberg The mysterious disappearance of a prominent critic of the Saudi Arabian government is prompting some business leaders to back away from the “Davos in the Desert” event intended to showcase Prince Mohammed bin Salman’s modernization plan for the desert kingdom. Other confirmed dropouts now include: • Bob Bakish, Viacom Inc. chief executive • Dara Khosrowshahi, Uber Technologies Inc. CEO …

Media sponsors pull out of Saudi conference
6 years, 3 months ago

Media sponsors pull out of Saudi conference

CNN  

London CNN Business — Most of the news outlets that had agreed to sponsor a high-profile business conference in Saudi Arabia have now pulled out following the unexplained disappearance of journalist Jamal Khashoggi. It joins a slew of other media organizations who have cut ties with the Saudi government’s Future Investment Initiative, which is also known as “Davos in the …

Saudi disappearance puts spotlight on Trump’s ties
6 years, 3 months ago

Saudi disappearance puts spotlight on Trump’s ties

CNN  

CNN — Donald Trump has never been shy about talking up his close business relationships with the Saudis. I like them very much!” But the President’s reluctance to take decisive action after the disappearance this month of dissident journalist Jamal Khashoggi – a US resident – from the Saudi consulate in Istanbul has renewed questions about the potential conflicts posed …

Uber CEO Dara Khosrowshahi pulls out of Saudi conference after Jamal Khashoggi’s disappearance
6 years, 3 months ago

Uber CEO Dara Khosrowshahi pulls out of Saudi conference after Jamal Khashoggi’s disappearance

CNN  

Hong Kong CNN Business — Uber CEO Dara Khosrowshahi has become the latest top business leader to distance himself from the Saudi government as it faces mounting questions over its role in the disappearance of journalist Jamal Khashoggi. “What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of …

Media sponsors drop out of Saudi conference after journalist goes missing
6 years, 3 months ago

Media sponsors drop out of Saudi conference after journalist goes missing

CNN  

London CNN Business — Media companies are pulling out of a high-profile business conference in Saudi Arabia as questions mount about the kingdom’s role in the disappearance of journalist Jamal Khashoggi. The Future Investment Initiative, also known as “Davos in the desert,” is hosted by Saudi Crown Prince Mohammed bin Salman and is part of his Vision 2030 plan to …

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