🇸🇦🇾🇪 The Houthis fired more ballistic missiles at Saudi Arabia last night, and MBS's big pitch as the Gulf's go-to business hub is starting to feel the heat. The missiles targeted Riyadh and a city near the Yemeni border and were intercepted, with warnings sent out to residents.

🇸🇦🇾🇪 The Houthis fired more ballistic missiles at Saudi Arabia last night, and MBS's big pitch as the Gulf's go-to business hub is starting to feel the heat. The missiles targeted Riyadh and a city near the Yemeni border and were intercepted, with warnings sent out to residents. Recent strikes have already shut down operations at Riyadh's main airport and sent the capital's financial district home to work remotely. Some business execs are giving this week’s World Petroleum Congress in Riyadh a miss, and next month’s Misk Global Forum has been scrapped altogether. Next up is the Future Investment Initiative later this month, which usually pulls in Wall Street heavyweights like BlackRock’s Larry Fink and Citi’s Jane Fraser. Hosting a global investor summit in a city under missile fire is a hard sell, no matter how good the pitch deck looks. Source: Bloomberg / Writer: Julie