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Saudi Arabia cancels 2026 ‘Davos in the Desert’ amid Houthi attacks | Business and Economy News

Riyadh postpones flagship investment conference until 2027, orders government staff to work from home.

Saudi Arabia’s Future Investment Initiative (FII) conference has been postponed until next year, according to a statement on the official website, as deadly strikes by the Iran-backed Houthis against the kingdom continue.

The annual event was due to start next week on October 26 and run through October 29, with a date next year to be announced “very soon”, the statement released on Tuesday said.

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FII Institute chief executive officer Dr Maha Bint Mishari Al Saud said the decision “comes from a deep commitment to our partners, members, speakers and delegates”.

“Because this is our landmark tenth edition, we want to ensure it delivers the full scale, extraordinary quality, and unforgettable impact that our community has come to expect and truly deserves,” she said.

Informally dubbed “Davos in the Desert”, a nod to the World Economic Forum’s annual meeting in Switzerland, the state-backed conference showcases the kingdom’s ambitious investment plans in a bid to attract billions of dollars needed to fund its economic transformation away from hydrocarbons towards tourism, sport and technology.

Expected speakers included: Alphabet & Google’s president and chief information officer, Ruth Porat; Goldman Sachs Group chairman and CEO David Solomon; and BlackRock chairman and CEO Laurence Fink, according to the FII website.

Smoke and flames rise from King Khalid Airport, after Yemen's Iran-backed Houthis said they attacked the airport, in Riyadh, Saudi Arabia, October 8, 2026, in this screengrab obtained from a social media video [Reuters]
Smoke and flames rise from King Khalid International after Yemen’s Houthis said they attacked the airport in Riyadh, Saudi Arabia, on October 8, 2026, in this screengrab obtained from a social media video [Reuters]

Fighting between a Saudi-led coalition supporting Yemen’s internationally recognised government and the Iran-aligned Houthis has escalated in recent weeks.

The Houthis, also known as Ansar Allah, have hit military, energy and civilian infrastructure across Saudi Arabia, including Riyadh’s international airport, killing at least 18 people and injuring hundreds more.

Government staff to work from home

Government agencies in the Saudi capital, Riyadh, have told employees to work from home, one worker and two consultants told the AFP news agency, as the city comes under repeated attack from the Houthis.

The Kingdom Centre, a 99‑storey tower in downtown Riyadh that houses the International Monetary Fund’s regional office, also requested workers stay away until further notice.

On Sunday, an employee of a government agency in the capital received a message saying, “It has been decided to implement remote work from Monday to Thursday this week”. The message added: “We ask everyone to continue their activities as normal.”

Companies based in the King Abdullah Financial District, which hosts offices of major United States firms, have also asked employees to work from home, according to other sources.

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GCC condemns Houthi attacks on Saudi Arabia as Yemen fighting intensifies | Houthis News

Gulf ministers urge action against Houthis as fighting displaces more than 233,000 people across Yemen.

The Gulf Cooperation Council (GCC) has condemned repeated attacks by Yemen’s Iran-aligned Houthi fighters on Saudi Arabia and pledged support for the kingdom.

The political and economic bloc that includes Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates issued a statement on Sunday, shortly after their foreign ministers’ meeting in Manama, Bahrain.

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The statement said an attack on any member affected all six, invoking a joint defence agreement and backing Saudi Arabia’s right to protect itself.

The condemnation came as the Saudi-led military coalition fighting the Houthis reported shooting down two drones near Riyadh and in Saudi Arabia‘s Eastern Province early on Sunday.

The coalition said another drone had been intercepted near the capital hours earlier, but did not identify who launched it.

Gulf ministers accused the Houthis of carrying out deadly strikes on civilian airports and vital facilities.

They also pressed for tighter enforcement of a United Nations arms embargo against the group and urged countries to formally designate it “a terrorist organisation”.

The ministers welcomed an October 15 statement from the UN Security Council (UNSC), the body responsible for maintaining international peace, which condemned Houthi strikes on Saudi Arabia and threats to Red Sea shipping.

Yemen’s internationally recognised government separately appealed to the UNSC to act against Houthi attacks on homes and state facilities.

In letters addressed to UN Secretary-General Antonio Guterres and the UNSC’s president for October, Aglaia Balta, the Yemeni government cited an attack on the presidential palace in Aden, where the government is temporarily based.

Separately on Sunday, UAE Vice President Sheikh Mansour bin Zayed Al Nahyan met Saudi Defence Minister Prince Khalid bin Salman Al Saud in Abu Dhabi to discuss regional security, the UAE’s state news agency WAM reported.

Sheikh Mohamed bin Zayed Al Nahyan, president of the United Arab Emirates, meets Prince Khalid bin Salman Al Saud, Saudi Arabia’s minister of defence, in Abu Dhabi, the United Arab Emirates, October 18, 2026
Sheikh Mohamed bin Zayed Al Nahyan, president of the United Arab Emirates, meets Prince Khalid bin Salman Al Saud, Saudi Arabia’s minister of defence, in Abu Dhabi, the United Arab Emirates, October 18, 2026 [UAE Presidential Court/Handout via Reuters]

Meanwhile, Saudi-backed Yemeni government forces press offensives on several fronts.

The Yemeni military said the Houthis fired missiles towards the central city of Marib on Sunday, while government troops reported gains in Taiz, further south.

Government-aligned commanders said eight soldiers died in fighting in Lahij province on Saturday.

Government forces also claimed to have killed 12 Houthi fighters in southern Taiz, figures that could not be independently confirmed.

This latest phase of the war followed Houthi gains along Yemen’s Red Sea coast last month.

Government forces launched a counteroffensive intended to recapture territory from the Houthis, who seized the capital, Sanaa, in 2014.

Civilians face deepening shortages

The fighting has uprooted more than 233,000 people, according to the International Organization for Migration, the UN’s migration agency.

About 121,000 are in Taiz province, where supply routes have been disrupted by the fighting.

Al Jazeera’s Hadeel al-Yamani, reporting from Taiz, said cooking gas was unavailable and food stocks were dwindling as Houthi forces blocked supplies through the city’s western entrance.

A local office tracking the siege said food prices had risen fivefold.

The World Health Organization, the UN health agency, warned that Taiz’s 12 hospitals had fuel for just four more days and had run out of surgical supplies.

Oxygen and medicines were also critically scarce as the city struggled with a cholera outbreak.

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A timeline of West Bank attacks on Palestinians and foreign officials | Israel-Palestine conflict News

European diplomats and officials were attacked on Saturday amid a surge in settler pogroms across the occupied West Bank in recent weeks, coinciding with olive harvest season.

The settler pogroms have escalated just weeks before Israel heads to the polls on October 27.

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The European Union (EU) on Sunday condemned settler attacks on European diplomats and Palestinians in the occupied West Bank. A day earlier, a veteran American journalist working for the Washington Post was also brutally attacked.

But this is not the first time Israeli settlers have assaulted foreign officials or prominent Palestinians in the occupied West Bank.

Here’s a timeline of some of the recent and past attacks:

October 17, 2026

Israeli settlers assaulted European diplomats, including a French mayor, near the Palestinian village of Taybeh in the occupied West Bank.

The delegation was visiting Palestinian olive harvesters on Saturday when the Israeli attackers confronted the group.

In Saturday’s incident, the settlers targeted Belgium’s consul general, French and Polish diplomats, and Catholic representatives, Belgian Minister of Foreign Affairs Maxime Prevot said.

“A French mayor was assaulted and a Belgian vehicle damaged,” Prevot said, linking the incident to Israel’s “illegal settlement policy” and pledging to push for further EU sanctions.

Bernard Baudoux, the French mayor who was assaulted, told the AFP news agency the attack suggests that “there is a tolerance on the part of the Israeli government” towards settler violence.

Video shared by an activist at the scene, Amit Orfali, shows Baudoux leaning against a vehicle while sitting on the dusty ground. Other clips showed young masked men knocking insistently on a driver’s side window and asking for identification, while other masked men carrying sticks advanced in the distance. Orfali said the masked men “threatened to kill us”.

France’s Foreign Minister Jean-Noel Barrot called on Israel to arrest the “extremist settlers” who “violently assaulted” Baudoux, and bring them to justice. “They must urgently halt this criminal violence and guarantee the safety of civilian populations, as they are compelled to do under international law,” he said in a post on X.

Israeli Prime Minister Benjamin Netanyahu’s office has, however, appeared to question the reports of the attack on the Europeans, saying on X that they are “alleged” and require “compelling evidence”, despite acknowledging that published footage of the incident exists.

“We take positive note of statements by several Israeli representatives who condemned the attacks,” the EU said in a statement on Sunday. “But we expect full accountability as well as effective measures to prevent continued acts of violence and violent harassment against Palestinians, including during the ongoing olive harvest season, as well as against journalists.”

October 16, 2026

Palestinian farmers harvesting olives and veteran American journalist Heidi Levine, 64, who freelances for the Washington Post, were brutally attacked by settlers.

Levine fell to the ground during the assault before she was set upon, witnesses said. “We looked and saw that there was a journalist … on the ground with people surrounding her, beating her, clubbing her, robbing her, pulling her up, beating her again and kicking her,” Jasper Nathaniel, an independent journalist who witnessed the attack, told Al Jazeera.

Levine later told reporters that her attackers “just kept kicking me and kicking me, like probably 50 times”.

Levine was wearing a protective vest marked “PRESS” on the front and back. Her cameras and phone were taken from her during the assault, the Washington Post reported.

Nathaniel said he and others managed to reach her when the settlers briefly backed away, but she struggled to stand. “She was in very, very bad shape. She couldn’t really get up off the ground,” he said.

As they helped Levine towards paramedics, settlers charged again, throwing more stones, he added. The journalist was eventually taken to a hospital in Ramallah.

Nathaniel said Israeli soldiers arrived after the settler assault and opened fire and used tear gas against Palestinians, shooting a man in the leg. “They do nothing to stop the settlers, and they speed into town and start firing their guns and tear-gassing, and they shoot a Palestinian man in the leg,” he said.

“They’re pointing their guns at the paramedics who are helping him, shoving journalists, including myself,” Nathaniel said, adding that the injured man was eventually taken away in an ambulance.

Wafa, the Palestinian news agency, reported that Israeli forces fired live ammunition and tear gas at Palestinians during the attack. After the soldiers left, Palestinians returned to harvesting their olives, Nathaniel added.

Netanyahu’s office has said the facts around the settler attack “remain unclear”, as it offered a conditional condemnation.

“Serious questions remain”, said a post on the official X account of the prime minister’s office, calling for an investigation to “establish the facts, including who initiated the violence”.

October 6, 2026

Israeli settlers beat Palestinian AFP news agency photographer Jaafar Ashtiyeh, 58, with rifle butts near Aqraba, south of Nablus. He suffered bruises to his head and torso and was taken by ambulance to a hospital, according to witnesses, his family and fellow journalists cited by AFP.

AFP photographer John Wessels was with Ashtiyeh when the incident occurred.

The news agency reported that a quadbike had raced towards the journalists and a man had opened live fire.

“At least six other people then rushed towards the AFP journalists, firing guns,” AFP reported. “As Ashtiyeh attempted to enter a car, which was clearly marked ‘Press’, two men jumped on him and beat him repeatedly with the butts of their rifles. ‘I could hear his screams,’ said Wessels, who was also threatened at gunpoint.”

While Ashtiyeh is now conscious in a hospital in Nablus, the assailants have taken his camera equipment, according to his colleague Wessels.

The Israeli military has yet to respond to the AFP news agency.

July 11, 2026

United States Congressional Representative Ro Khanna said he and his tour group were detained by rifle-wielding Israeli settlers during a trip to Palestine.

In a post on X, Khanna had accused the Israeli army of supporting the settlers.

“When the [Israeli army] arrived, they sided with the settlers and continued our detention,” Khanna wrote.

Khanna, a Democrat who is considering running for US president in 2028, told the Reuters news agency that “hoodlums … with machine guns” had detained his group a day earlier. “They block off the road. And then they call the [Israeli military] and the [Israeli military] is on their side,” Khanna said.

He added that the settlers were armed with US-made assault rifles.

In an interview with DRM News, Khanna said his experience in the occupied West Bank and Israel was the “first time” he had “really been acutely aware of being brown”.

“I saw the arrogance in the eyes of those settlers. Twenty-one and 22-year-olds with guns, laughing that they had detained us. The arrogance of those young [Israeli army] soldiers that my tax dollars are funding. Having no respect for the fact that they were detaining Americans,” he added.

The Israeli military disputed Khanna’s version of the events, saying that it “dispersed” civilians who were blocking the road.

Israeli officials have, however, ruled out apologising to Khanna or holding the settlers accountable.

Three months after the incident, on Saturday, October 17, Khanna called Netanyahu a “liar” after his office released an October 16 statement on X saying that “serious questions remain” about “who initiated the violence” and other details of the attack on Washington Post journalist Heidi Levine.

“Netanyahu called me a liar when settlers detained me, along with a NYT photographer, in Zanuta this past July,” Khanna wrote. “Netanyahu, you are the liar with the blood of Palestinian children on your hands.”

November 2025

One Canadian and three Italian activists were injured by illegal Israeli settlers in the Ein ad-Duyuk village in the Jericho governorate in the central West Bank, local sources told the Anadolu news agency.

Anadolu reported that settlers had stormed into a Bedouin community where the activists were residing and then assaulted them. Three activists sustained moderate injuries, while one was critically wounded, the news agency said and added that their passports, phones, and belongings were also taken.

July 2025

Palestinian activist and English teacher Awdah Hathaleen, who contributed to the Oscar-winning documentary No Other Land, was shot and killed on July 28, 2025, in the occupied West Bank village of Umm al-Khair in the Masafer Yatta region.

The beloved 31-year-old activist and father of three fell to the ground as people rushed over to try to help him. Then an ambulance came out of the nearby illegal settlement of Carmel and took him away.

Footage published by Israeli human rights group B’Tselem appears to show the suspect Yinon Levi opening fire on Hathaleen during a confrontation in the village.

Despite the visual evidence and prior sanctions imposed on Levi by both the EU and the United States over past attacks on Palestinians, Israeli authorities released him to house arrest.

US President Donald Trump also removed the penalties against Levi and other settlers accused of extremist violence after assuming office in January 2025.

July 2024

Israeli settlers attacked a group of foreign volunteers helping Palestinian farmers in the occupied West Bank.

David Hummel, an American-German in the group, told the AFP news agency that eight mainly American volunteers were working with the farmers in an olive grove near the Palestinian village of Qusra when settlers attacked them.

“They started attacking and beating us all with sticks and metal pipes, and they were throwing rocks as well at us,” he said.

“I was attacked on my legs, on my arms and here on my jaw as well and it was … very violent,” he added.

The Israeli army condemned the violence and said its troops were deployed to the scene and had fired warning shots into the air, causing the Israeli settlers to flee the area.

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Two Syrian pipelines damaged amid spate of attacks on energy infrastructure | Oil and Gas News

Fuel theft cited in Baniyas-Homs leak as gas export line in Hasakah catches fire.

Two pipelines carrying gas and oil products were damaged in separate incidents in Syria, state media reported, the latest disruptions to the country’s energy infrastructure following a series of suspected sabotage attacks.

The state-owned Syrian Petroleum Company announced the damage on Thursday, according to the Syrian Arab News Agency (SANA). The incidents add to a number of attacks on Syria’s oil and gas network in recent months, as the government tries to revive its energy sector.

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An explosion struck the Jbessa gas pipeline in southern Hasakah province in the late afternoon, hours after damage to a pipeline transporting oil products from the coastal city of Baniyas to Homs caused a fuel leak.

The company said the gas pipeline had been targeted in a “sabotage attack”, according to SANA.

Neither SANA nor the company named a suspect or group responsible for the attacks.

Repairs under way

Oday al-Satouf, head of the company’s media office, told SANA that a hole was found in the Baniyas-Homs pipeline in the Hadida area, west of Homs. Crews isolated the affected stretch and secured the surrounding area, he said, closing valves on either side of the damaged section. Repairs have begun, while other teams monitor the area for safety. State media said the leak was believed to be linked to an attempted fuel theft.

Al-Satouf said gas would continue to reach power stations through alternative arrangements, and that domestic gas supplies were unaffected, according to SANA.

A man fills a container with petroleum for heating at home in Suwayda, Syria
A man fills a container with petroleum for heating at home in Suwayda, Syria [File: Elke Scholiers/Getty Images]

A string of incidents

More than a week ago, the company said an oil pipeline near Tal Hamis in the northeastern province of Hasakah was damaged in a sabotage attack. It added that authorities had arrested those responsible.

In late September, a fire broke out on a gas pipeline between al-Shoula and Deir Az Zor in the east, halting gas flows from the Jbessa plant to power stations, SANA reported. Hisham al-Saleh, a gas sector official at the company, said gas pressure in the area fell as crews worked to extinguish the blaze.

Syria has been working to restore its energy infrastructure and increase domestic oil production. That includes resuming operations at oil fields in Hasakah to supply refineries in Homs and Baniyas. In January, the petroleum company announced plans to transport crude from recently recovered fields to the two refineries as part of efforts to revive the sector.

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