AFP: Israel-Hamas war threatens world economy, bankers tell Saudi forum
The war between Israel and Hamas could deal a heavy blow to the global economy, banking titans told a glitzy investment forum in Saudi Arabia on Tuesday.
The dour mood from some of the gathering's most high-profile speakers underscored how the war threatens attempts by the world's biggest oil exporter to diversify its economy away from fossil fuels.
Hamas militants stormed into Israel from the Gaza Strip on October 7 and killed at least 1,400 people, mostly civilians who were shot or burnt to death on the first day of the raid, according to Israeli officials.
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Update #1: As Israel-Hamas war rages, global finance chiefs in Saudi sound gloomy note (Reuters)
Update #2: Jamie Dimon and other top bankers visit Saudi Arabia as Israel-Hamas war rages (CNN)
WNU Editor: There may be a major war in the Middle East but 6,000 participants from more than 90 countries have shown up in Saudi Arabia for this "Davos in the Desert" forum.