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00:02Saudi Arabia postponed its annual Future Investment Initiative Conference until 2027 on Monday as
00:08Iran-backed Houthi militants escalated missile and drone attacks on the kingdom, according to CNBC.
00:14The conference was scheduled for October 26th through 29th in Riyadh. The decision follows an
00:19October 10th attack on Riyadh's international airport that killed at least 12 people and
00:23injured more than 300. JPMorgan Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon were
00:31among the scheduled speakers. The conference is central to Saudi Arabia's efforts to diversify
00:35its oil-dependent economy. The postponement comes as the U.S.-Iran war spreads across the region.
00:41Houthi militants have also targeted Saudi oil facilities, airports, and naval forces.
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