The major international financial conference scheduled for next week in Riyadh, Saudi Arabia, has been cancelled and postponed until next year. This event, often dubbed the “Davos in the Desert,” was anticipated to be a significant gathering for investors. The decision to postpone comes in response to ongoing attacks by Houthi forces. These attacks have raised concerns about security in the Saudi capital. Organizers determined that proceeding with the conference at this time would be imprudent. The postponement underscores the escalating tensions in the region and their impact on economic events within Saudi Arabia. A new date will be announced at a later time.