Treasury Secretary Steve Mnuchin Drops Out of Saudi Arabia Investment Summit

Treasury Secretary Steve Mnuchin Drops Out of Saudi Arabia Investment Summit

Treasury Secretary Steve Mnuchin said Thursday he won’t be attending the Future Investment Initiative summit in Saudi Arabia, following the disappearance of journalist Jamal Khashoggi.

Mnuchin tweeted he’s dropping out of the conference after meeting with President Trump and Secretary of State Mike Pompeo. He becomes the latest high-profile speaker to scrap plans for the conference, dubbed “Davos in the Desert,” which is still scheduled to continue next week.

Just met with @realDonaldTrump and @SecPompeo and we have decided, I will not be participating in the Future Investment Initiative summit in Saudi Arabia.

— Steven Mnuchin (@stevenmnuchin1) October 18, 2018

JP Morgan CEO Jamie Dimon and Ford chairman Bill Ford recently dropped out of the summit in Riyadh, after Khashoggi went missing two weeks ago at the Saudi consulate in Istanbul. Khashoggi’s disappearance has strained the Saudi royal family’s relationship with the West, with Turkish officials telling the New York Times on Wednesday it has audio the journalist was beheaded shortly after entering the consulate on Oct. 2.

More to come…

Read original story Treasury Secretary Steve Mnuchin Drops Out of Saudi Arabia Investment Summit At TheWrap