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The great economic rally organized by the Saudi sovereign wealth fund turns into a fiasco in terms of reuniting Ryad with the finest of Western leaders. The summit is to be held from October 23 to 25 and will serve as a showcase for economic reforms launched by Crown Prince Mohammed bin Salman, considered the strongman of Saudi Arabia.
The success of this conference, called "Future Investment Initiative", however has lead in the wing after the many defections provoked, at best by the blur, at worst by the macabre revelations, related to the disappearance of the dissident journalist Jamal Khashoggi, during a visit to the Saudi Consulate in Istanbul on October 2, 2018.
Here, a few days before the kick-off of this conference, is the state of play of these most notable and symbolic defections.
INTERNATIONAL INSTITUTIONS / MINISTERS
- Christine Lagarde, Director of the International Monetary Fund (IMF)
- Steven Mnuchin, US Treasury Secretary
- Bruno the Mayor, French Minister of Economy and Finance
FINANCE
- John Flint, Managing Director of HSBCT
- Tidjane Thiam, Chief Executive Officer Credit Suisse
- Ajay Banga, CEO of MasterCard
- Jamie Dimon, CEO of JPMorgan Chase
- Larry Fink, CEO of BlackRock
- Stephen Schwarzman, CEO of Blackstone
- Bill Winters, General Manager of Standard Chartered
- Jean Lemierre, the president of BNP Paribas
- Frédéric Oudéa, Chief Executive Officer of Société Générale
- David Schwimmer, Managing Director, London Stock Exchange
INDUSTRY / TECHNOLOGY
- Bill Ford, Executive Chairman of Ford
- Dara Khosrowshahi, CEO of Uber
- Richard Branson, British billionaire and founder of Virgin Group
- Ariana Huffington, patron of "Thrive Global"
- Diane Greene, director of Google's cloud branch
- Patrice Caine, CEO of Thales who will nonetheless be represented by Jean-Loïc Galle, head of Thales Alenia Space joint venture
MEDIA
- Bob Bakish, CEO of Viacom
Several media groups (CNN, Bloomberg, The Economist, the New York Times, CNBC or again Financial Times…) also canceled the participation of their leaders or journalists in round tables.
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