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Saudi Arabia's 'Davos of the Desert' awaits new US policy | Business and Economy News


Saudi Arabia, the Arab world’s largest economy, is scheduled to hold its annual Future Investment Initiative (FII) amid the ongoing coronavirus pandemic and a new US administration said to be reluctant to cede to the kingdom’s strategic imperatives.
The conference, starting on Wednesday and dubbed Davos in the Desert, will see a plethora of government officials and top CEOs – from industries ranging from finance and pharmaceuticals to entertainment – partake.
“The 4th edition of FII will see the most innovative technologies to facilitate global conversations and to be inclusive at the benefit of all of humanity,” Richard Attias, the FII Institute’s CEO, said earlier this month. ....

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Canada protesters renew push to end arms exports to Saudi Arabia


Toronto, Canada – Activists in the Canadian province of Ontario have staged a protest at the site of a transport company they say is involved in transporting Canadian-made, light armoured vehicles (LAVs) to Saudi Arabia.
Approximately 30 demonstrators blocked Paddock Transport International trucks in Hamilton, a city about 70km west of Toronto, for a few hours on Monday as part of a global day of action against the ongoing war in Yemen.
The conflict broke out in late 2014 when Yemen’s Houthi rebels seized much of the country, prompting Saudi Arabia and the United Arab Emirates to assemble a Western-backed military coalition to try to restore the government of President Abd-Rabbu Mansour Hadi. ....

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