Following the disappearance of Journalist Jamal Khashoggi, several news organizations had withdrawn their sponsorship on Saudi’s conference, the latest media giant is Bloomberg.
Due to the unexplained “disappearance” of Khashoggi, most of the news outlets that had agreed to sponsor a high-profile business conference in Saudi Arabia.
Bloomberg is the latest media organization to withdraw from the conference.
“Bloomberg will no longer serve as a media partner for the Future Investment Initiative,” a spokesperson said.
“As we do with every major event in the region, we plan to cover any news from our regional news bureau,” the representative added.
In 2018, the US media group inked a deal with a Saudi publisher to run an Arabic language financial news network.
It did not immediately respond to a request for comment on the status of that deal.
CNN, CNBC and the Financial Times said earlier on Friday that they would not sponsor the conference, which is known as “Davos in the desert.”
Hosted by Mohammed bin Salman and scheduled to begin on October 23, the event is designed to showcase the Saudi crown prince’s Vision 2030 plan to break the country’s dependence on oil.
But some media partners have pulled out as concerns mount over the fate of the prominent Saudi journalist, contributor to the Washington Post and critic of the Saudi regime.
Khashoggi has been missing for more than a week after going to the Saudi consulate general in Istanbul to obtain wedding papers.
Meanwhile, Turkish authorities have audio and visual evidence that shows Khashoggi was killed inside the Saudi consulate, a source familiar with the ongoing investigation told CNN.
Saudi Arabia firmly denies any involvement in his disappearance.