Saudi Summit in Doubt? Houthi Attacks Spook Wall Street

U.S. business leaders are unsure whether to attend Saudi Arabia's Future Investment Initiative conference next week. Recent attacks by Houthi rebels have made executives nervous about traveling to the event, according to people familiar with the matter. The conference, often called "Davos in the Desert," is a major gathering for global finance. Wall Street firms have long used it to build ties with Saudi officials and secure investment deals. This year, however, the Houthi attacks are forcing executives to weigh the risks. Some are delaying their plans. Others are waiting to see whether the security situation improves before committing to the trip. The hesitation marks a shift for an event that has drawn top U.S. executives despite past controversy. It also highlights how regional conflict is beginning to affect business travel and deal-making in the Gulf.