Wall Street eager to strike deals with Saudi Arabia, despite political concerns
U.S. executives and billionaire investors are mingling and making deals at a conference nicknamed "Davos in the Desert," even as the White House reevaluates relations with Saudi Arabia.
The relationship between the United States and Saudi Arabia is at its lowest point in decades. But that hasn't stopped Wall Street executives and some of the world's wealthiest investors from gathering in Riyadh for a conference that's nicknamed "Davos in the Desert."
On Tuesday, Jamie Dimon and David Solomon, the CEOs of J.P. Morgan Chase and Goldman Sachs, respectively, shared a stage with billionaires Stephen Schwarzman, of The Blackstone Group, and Ray Dalio, who founded the world's largest hedge fund.
Former President Trump's son-in-law, Jared
