Why Wall Street Financiers Are Flocking To Saudi Arabia

Saudi Arabia welcomed last week top financiers and technology tycoons to attract additional investments in its economy, which it is looking to diversify from oil.  The Future Investment Initiative (FII) forum, dubbed by many observers ‘Davos in the Desert’, took place weeks after the power balance in the Middle East was upended again after the Hamas attack on Israel and the subsequent Israeli offensive on Gaza.   The forum was attended by prominent Wall Street bankers such as JP Morgan’s chief executive…