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Conflict · Riyadh, Saudi Arabia ·

Saudi Arabia cancels investor forum as Houthi attacks continue

Saudi Arabia canceled its Future Investment Initiative, known as Davos in the Desert, because of Houthi strikes, while the Saudi-led coalition said it intercepted drones aimed at the kingdom. The Houthis said they targeted a Saudi position in Aden and a base at Al Mukalla airport. Britain is deploying Typhoon jets to help defend Saudi Arabia, and Egypt's president said Cairo's support would defend Saudi territory without attacking Yemen.

Why it matters

The cancellation of a flagship investment event and foreign military deployments show the conflict spreading beyond Yemen's borders.

Background

Saudi Arabia has led a coalition against the Houthis since 2015. Houthi attacks on the kingdom intensified this month amid the wider regional war involving Iran.

The story so far

  1. Saudi Arabia postpones 'Davos in the Desert' investor summit to 2027
  2. Saudi Arabia cancels investor forum as Houthi attacks continue
  3. Houthis claim attacks on Saudi pipeline; Egypt authorizes support
  4. Houthis target Saudi Arabia; Egypt approves military support

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Sources

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