Dow Jones, a News Corp company
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services
JP Morgan’s Dimon joins host of executives pulling out of Riyadh’s premier business conference
Turkish officials say a team of alleged Saudi assassins apprehended and likely killed a Saudi journalist in Istanbul. The Saudis have denied any involvement but Jamal Khashoggi has not been seen since he entered the Saudi Consulate on Oct.2. Photo: Getty Images
Saudi Arabia’s dream of becoming an investment hub in the desert is unraveling.
The latest thread to be pulled is the kingdom’s marquee business conference, intended as a showcase of its future. Sunday, JPMorgan Chase & Co. Chief Executive James Dimon, the most prominent executive on Wall Street, backed out. He has been a featured speaker, and his bank has longstanding ties to Saudi Arabia and is advising it on deals.