Saudi Arabia has decided to postpone its flagship Future Investment Initiative (FII) and the ‘Davos in the Desert’ conferences to 2027 due to escalating attacks from the Iran-backed Houthi militia. The decision follows a series of missile strikes that have raised security concerns, causing disruptions and prompting some Wall Street leaders to reconsider attendance. The move has been characterized as a significant loss for the Kingdom, as it seeks to position itself as a global investment hub amidst ongoing regional tensions.