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
- US Airstrikes Kill at Least 40, Mostly Civilians, in Eastern Syria - November 18th, 2018
- Clashes Between Pro-Turkish Rebel Factions Kill 25 in Syria's Afrin - November 18th, 2018
- Top White House Advocate of Severe Sanctions Against Saudis Resigns - November 18th, 2018
- Trump Says CIA Assessment of Khashoggi Murder 'Premature' - November 18th, 2018
- Pro-Saudi Forces Launch New Offensive Against Houthis in NW Yemen - November 18th, 2018