JPMorgan (JPM) CEO Jamie Dimon and Citigroup’s (C) Jane Fraser are among a raft of bankers attending Saudi Arabia’s annual investment conference Tuesday as Wall Street’s top names try to look beyond risks that the Israel-Hamas war could widen into a regional conflict.
Dubbed “Davos in the Desert,” the Future Investment Initiative will welcome about 6,000 participants from more than 90 countries over the next three days. Now in its seventh year, the event has retained its appeal despite US Secretary of Defense Lloyd Austin warning Sunday about “potential escalation” in the Middle East and possible attacks on American interests.
The PIF was also one of the first — and the biggest — investors in Softbank’s Vision Fund, which has backed dozens of startups since its inception in 2017, including WeWork and Slack. Money in the Middle East The fund’s growing clout has helped the Future Investment Initiative weather its fair share of geopolitical storms since launching in 2017.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Israel-Hamas war live updates: Aid heads into Gaza; Israel steps up airstrikesThis is additional taxonomy that helps us with analytics
Les mer »
Israel-Hamas war: Israel launches strikes and limited raids into Gaza stripAirstrikes in Gaza, a rising Palestinian death toll, aid from Egypt, fears of a widening conflict and more live updates from the Israel-Hamas war. Follow NPR for the latest.
Les mer »
Israel war: Israel clashes with Hezbollah in cross-border attacks as concerns mount of wider conflictMike Brest is a defense reporter at the Washington Examiner. Prior to joining the defense beat, he spent two years covering breaking news for the Examiner, and he worked at the Daily Caller in a similar capacity before that. Mike graduated from American University and is originally from the suburbs of Philadelphia.
Les mer »