RIYADH: US government officials have not been invi­ted to a Saudi investment co­­nference planned for later this month, its org­aniser told AFP on Monday, saying he did not want the gathering “to become a political platform”.

The decision not to invite American officials, a departure from previous years, comes as tensions rise betw­een longtime partners Wash­­ington and Riyadh over the Saudi-led OPEC+ cartel’s recent vote to cut oil production by up to two million barrels per day from November.

The Future Investment Initiative (FII), a three-day conference set to begin on October 25 in Riyadh, typically draws Wall Street titans and high-ranking officials from around the world, and up to 400 American CEOs are expected to participate this year, said Richard Attias, CEO of the group behind the event.

It is often referred to as “Davos in the Desert”.

Saudi Arabia has in recent days rejected US accusations it has aligned itself with Russia amid the Ukraine war.

Published in Dawn, October 18th, 2022

Opinion

Editorial

Open the books
Updated 20 Feb, 2024

Open the books

Irregularities have been so widespread that even otherwise impartial observers are joining the chorus of voices demanding a recount.
BRICS candidacy
Updated 20 Feb, 2024

BRICS candidacy

For Pakistan to successfully join BRICS or compete in other arenas internationally, the political instability at home needs to be addressed.
Pneumonia menace
20 Feb, 2024

Pneumonia menace

PANIC is on the rise as the alarming surge in pneumonia cases has created an explosion of headlines — sans...
PML-N challenge
Updated 19 Feb, 2024

PML-N challenge

Nawaz should not only put away his fears to form a minority govt but also realise the nation has deep wounds to heal.
Democracy’s decline
19 Feb, 2024

Democracy’s decline

DEMOCRACY around the world is on the decline. The Economist Intelligence Unit report titled Age of Conflict has...
Banning festivity
19 Feb, 2024

Banning festivity

EVERY year, as the winter chill gives way to the arrival of spring, a centuries-old tradition is suppressed by the...