Host Saudi Arabia warns of economic fallout from Gaza war at World Economic Forum

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Host Saudi Arabia warns of economic fallout from Gaza war at World Economic Forum
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There will be no Israeli participation at the two-day summit.

RIYADH - Saudi Arabia on April 28 called for regional “stability”, warning of the effects of the ongoing Israel-Hamas war on global economic sentiment at the start of a summit attended by a host of Gaza mediators.

“I think cool-headed countries and leaders and people need to prevail,” Mr Jadaan said. “The region needs stability.”The attack resulted in the deaths of about 1,170 people, mostly civilians, according to an AFP tally of Israeli official figures. Speaking in Riyadh, Palestinian president Mahmoud Abbas said the United States “is the only country capable” of preventing Israel’s long-feared invasion of Rafah city in southern Gaza.

“We meet at a moment when one misjudgment or one miscalculation or one miscommunication will further exacerbate our challenges.” regarding a potential ceasefire in Gaza, a day after media reports said a delegation from mediator Egypt arrived in Israel in a bid to jump-start stalled negotiations. Meanwhile the conservative Gulf kingdom, home to the holiest shrines in Islam, is trying to open up to the world, luring business leaders and non-religious tourists.

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