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Saudi economic ambitions under strain
Saudi Arabia postponed its flagship investment conference, known as “Davos in the Desert,” on Monday as Yemen’s Iran-backed Houthi rebels continued attacks on the kingdom.
It has been another tough week for Saudi Arabia, which has had to cancel a handful of international events due to Houthi attacks on Riyadh’s airport and other key infrastructure. Meanwhile, Gulf oil exports have surged higher than prewar levels and French President Emmanuel Macron has been in the region to shore up energy supplies.
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