Cash-rich oil exporter Saudi Arabia is always a sure thing for US companies. The recent controversy surrounding journalist Jamal Khashoggi’s disappearance and apparent murder, along with rising international tensions, has many companies rethinking that.
An upcoming investment conference in Saudi Arabia is losing participants left and right. JP Morgan Chase, Ford, Mastercard, and Blackrock have all announced that their CEOs have cancelled their planned attendance in the past couple of days. Google has also dropped its participation, and almost all major Western media outlets that were supposed to cover it have backed away.
Saudi officials say the conference will be going on as scheduled, despite having lost most of their major US participants and media coverage. Officials emphasized that they’re still going to have quite a few speakers in spite of this.
The other big even coming up in Saudi Arabia, WWE Crown Jewel, has yet to be cancelled. The company is, however, facing growing political pressure to back out of the event, and a number of their professional wrestlers have reportedly expressed discomfort with participating in the show.
Last 5 posts by Jason Ditz
- ISIS Kills Over 60 Syrian Troops in 48 Hours of Attacks - April 20th, 2019
- US Intel Doubts North Korea Weapons Test Was Successful - April 19th, 2019
- Ecuador Judge Orders Detention of Former Foreign Minister Connected to Assange - April 19th, 2019
- US Reveals Support for Former CIA Asset Hafter in Libya - April 19th, 2019
- Pompeo Dismisses North Korea Demands, Says He Can't Be Removed From Talks - April 19th, 2019