Israel-Hamas War Casts Shadow Over Saudi Investment Summit
- Hamas-Israel war casts shadow on Saudi investment summit
- BlackRock, Bridgewater, Citi CEOs warn of conflict’s fallout
Saudi Arabia and United Arab Emirates have emerged as an important source of capital in a world coping with the impact of many financial impacts.
Photographer: Fayez Nureldine/AFP/Getty ImagesThis article is for subscribers only.
Even as Wall Street bosses worried about the state of the global economy and the impact of the raging war between Israel and Hamas, Saudi Arabia sought to reassure investors that it remains an attractive investment destination.
Taking the stage as the host of the Future Investment Initiative summit in Riyadh on Tuesday, Yasir Al-Rumayyan — the head of Saudi Arabia’s $760 billion sovereign wealth fund — highlighted his nation’s recent achievements, including posting the strongest growth of the world’s 20 leading economies in 2022.