Jordan’s King Abdullah II and Saudi Crown Prince Mohammad attend the Future Investment Initiative. AFP / Jordanian Royal Palace / Yousef ALLAN
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Saudi Arabia signed deals worth $50 billion Tuesday, showing it can still attract investment at a conference boycotted by Western politicians and global business chiefs after the killing of journalist Jamal Khashoggi.Saudi Arabia's stock index was down 1.3 percent in late trading on persistent investor concern.Uber's Chief Executive Officer Dara Khosrowshahi, who also withdrew from the event, said the firm was awaiting the full facts on Khashoggi's case before deciding whether that would affect Saudi involvement in the ride-hailing service.Russia sent a large delegation led by Direct Investment Fund head Kirill Dmitriev.He said Khashoggi's killing needed to be investigated and the culprits punished, but that the Saudi drive for economic and social reform could not be ignored.Many Western banks and other companies fearful of losing business such as fees from arranging deals for Saudi Arabia's $250 billion wealth fund sent lower-level executives even as their top people stayed away.
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