Oct 17, 2018, 10:10 AM
News Code: 83068794
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Banning Saudi conference takes to new level: Media

Tehran, Oct 17, IRNA – Following the disappearance of Saudi prominent journalist, unprecedented pressure on Saudi Arabia is being taken to a whole new level with further international companies and investors adding their names to the list of those withdrawing the investment conference due to take place in Riyadh, Al Jazeera TV channel reported on Wednesday.

The International Monetary Fund (IMF) announced Christine Lagarde, managing director of the IMF has postponed her trip to the Middle East, including Riyadh.

Last Saturday Lagarde said in Indonesia she did not plan to change her plan, but she was 'horrified' by media reports on the disappearance of the Saudi investigative journalist.

The trip cancellation announcement came hours after other major participants pulled out of the investment conference due to take place in Riyadh on October 23rd, among them John Flint, Executive Director of HSBC (British multinational banking and financial services institutions), Bill Winters, Chief Executive at Standard Chartered Bank (multinational banking and financial services company) and Tidjane Thiam, executive officer of the Swiss bank Credit.

According to the Financial Times, Stephen Schwarzman, Chairman, CEO and Co-Founder of Blackstone who also serves as the chairman of Trump's business council will not attend the high-profile event commonly referred to as Davos in the Desert.

Dutch Minister of Finance and London Stock Exchange chairman are also no longer on the list of those taking part in the international conference, informed sources say.

Earlier, technology giant, Google, also announced it will not attend the conference.

Dara Khosrowshahi, the CEO of Uber, the world's largest taxi company, chairman of Ford, American multinational automaker and JP Morgan, the American multinational investment bank have also boycotted the three-day Investment Summit.

Major news outlets and newspapers such as CNN, the Financial Times, New York Times, CNBC, Bloomberg and Fox News are among other noteworthy boycotters.

The absence of media and technology executives is likely to cast a shadow over the conference, while Saudi Crown Prince Mohammed Bin Salman had pinned his hopes on the three-day summit to attract investment for Vision 2030; a plan to reduce Riyadh's dependence on oil and diversify its economy.

Jamal Khashoggi, the 59-year-old Saudi investigative journalist, who had left the country since Bin Salman was named Crown Prince and moved to the US, vanished on October second after entering the Saudi Consulate in Istanbul to collect documents for his forthcoming marriage.

In his articles published mostly by the Washington Post, he sharply rebuked Saudi Arabia's policies including Saudi Arabia's war in Yemen, financial crisis between Saudi Arabia and Canada and arresting women's rights activists.

Some unofficial news sources say Saudi security agents have tortured and brutally murdered the prominent journalist inside the Saudi Consulate in Istanbul, cutting his body up into pieces.


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