The prince’s bet on Trump is blowing up in his face

Read the original at The Sydney Morning Herald ↗
Cite

Economist, T. (2026, October 23). The prince’s bet on Trump is blowing up in his face. The Sydney Morning Herald. https://www.smh.com.au/business/the-economy/the-prince-s-bet-on-trump-is-blowing-up-in-his-face-20261023-p617aa.html?ref=rss&utm_medium=rss&utm_source=rss_feed

Dated from the outlet's own feed. Check the original for its byline.

The Sydney Morning Herald · collected 2026-10-23 · by The Economist

Quick Summary

Mohammed bin Salman's annual Future Investment Initiative summit in Riyadh was postponed indefinitely due to security concerns and the ongoing conflict with the Houthis in Yemen. The article highlights how Prince Mohammed’s ambitious plans for economic reform and military intervention have failed, leading to a crisis that has disrupted business and tourism in Saudi Arabia. The cancellation of FII symbolizes his broader failures, including an inability to secure peace in Yemen and reliance on now-unreliable support from former U.S. President Donald Trump.
Written locally by qwen2.5:14b on 2026-10-23, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

Saudi Arabia has postponed its flagship investment conference, known as the Future Investment Initiative (FII) or “Davos in the Desert,” which was scheduled for October 26-29, to an unspecified date in 2027. The decision came after repeated missile and drone attacks by Yemen’s Houthis raised significant security concerns. These attacks have disrupted business and prompted several countries to issue travel advisories, causing major Wall Street executives, including CEOs from JPMorgan Chase, Citigroup, Goldman Sachs, and BlackRock, to reconsider their attendance. Organizers made the final decision following discussions with Yasir Al-Rumayyan, the boss of Saudi Arabia’s sovereign wealth fund, after receiving safety concerns relayed by these executives. The cancellation represents a setback for Saudi Arabia’s efforts to reduce its dependence on oil and attract international investment for economic diversification.

Written for “FII Postponed To 2027” on 2026-10-23, grounded in this article and the 5 other(s) covering the same event.
Why this leaning score
The article's own words the score was based on. Each is quoted verbatim and was checked against the article text before being stored, so you can find it in the original.
Reading Leans strongly left (beta estimate) Confidence high
Leaning: leans strongly left for article 101181 (high confidence, 4 verified quotes) · logged 2026-10-23

Story

📰 FII Postponed To 2027
Economy/Business · 6 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads leans strongly left and hedges 5% of its claims. Each row says how that neighbour differs.
Washington Examiner
⚖️ leaning not scored 🔴 0% hedged 0 of 4 📰 publisher trust 66
“Both articles refer to the postponement of the Future Investment Initiative conference in Riyadh due to Houthi attacks.”
South China Morning Post
⚖️ leaning not scored 🔴 17% hedged 1 of 6 📰 publisher trust 64
“While both articles discuss the postponement of the Future Investment Initiative due to security concerns from Yemen's Houthis, Article B does not explicitly state a new date for the conference or describe the specific event of the postponement announcement as reported in Article A.”
Times of India
⚖️ Leans left further right than this 🔴 12% hedged 2 of 16 📰 publisher trust 59
“While both articles mention the postponement of the Future Investment Initiative due to Houthi attacks, Article B focuses on Prince Mohammed bin Salman's personal situation and reactions to the cancellation rather than the event itself.”
South China Morning Post
⚖️ leaning not scored 🔴 17% hedged 1 of 6 📰 publisher trust 64
“While both articles discuss the postponement of the Future Investment Initiative (FII) summit due to security concerns from attacks, Article A focuses on the official announcement and the shift in timing for the event, while Article B provides context about Prince Mohammed bin Salman's plans and the impact of the attacks.”
Fox News
⚖️ leaning not scored 🔴 17% hedged 10 of 59 📰 publisher trust 67
“The articles discuss related issues concerning Saudi Arabia's security challenges but describe different aspects and timeframes.”
Semafor
⚖️ Leans left further right than this 🔴 6% hedged 1 of 16 📰 publisher trust 60
“Article A discusses the potential postponement of the Future Investment Initiative due to safety concerns from Wall Street executives, while Article B mentions the security situation around Riyadh and the FII but does not report on a decision regarding its postponement.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
61
sentences that state something as happening or true
Uncertain
5%
3 of 61 hedged ("reportedly", "may", "according to")
Leaning
Leans strongly left
of the writing, not the subject · beta estimate
Publisher signals
61/100
The Sydney Morning Herald's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
6
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-23 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

The Sydney Morning Herald · 4778 article(s) · 11 correction(s) detected
Running correction rate · 11 correction(s)

Who wrote this

The Economist
2 article(s) here · 1 carrying a prediction
🔮 In any other year, Mohammed bin Salman would be getting ready for his star turn.
2026-10-23 · assertive framing · The prince’s bet on Trump is blowing up in his face
🔮 She might earn $US200,000 ($281,000) a year, which at an hourly rate is on a par with a private-equity associate.
Also by The Economist
Nothing else under this byline is closely related to this article, so these are simply their most recent.

Topics

Houthis Iran Saudi Saudis Yemen

Subjects

Saudi NORP · 7× Mohammed PERSON · 5× Houthis NORP · 4× Yemen GPE · 4× America GPE · 3× Riyadh GPE · 3× Houthi NORP · 2× Iran GPE · 2× Saudis NORP · 2× Trump PERSON · 2×

Narrative

The kingdom can send ground troops into a bloody war; continue a campaign of air strikes that is unlikely to succeed; or make a deal that helps cement Houthi rule. A long conflict will derail Prince Mohammed’s economic program, which was sputtering even before 2026.
framing: assertive · carried by 1 article(s) · first seen 2026-10-23
🔮 In any other year, Mohammed bin Salman would be getting ready for his star turn.
2026-10-23 · The Sydney Morning Herald
The prince’s bet on Trump is blowing up in his face · assertive framing

Claims (61 extracted, 3 hedged)

In any other year, Mohammed bin Salman would be getting ready for his star turn. asserted
Salman → get → turn
October 26 was supposed to be the scheduled start of the Future Investment Initiative (FII), an annual summit in the Saudi capital that is sometimes dubbed “Davos in the desert”. asserted
that → suppose → desert
The crown prince usually spends the week glad-handing heads of state, titans of finance and other dignitaries, all eager to do business with his kingdom. asserted
all → spend → kingdom
The Houthis, an Iran-backed militia in Yemen, have spent weeks firing missiles and drones at Riyadh. asserted
Houthis → back → Riyadh
The airport is still, in effect, shut after a series of deadly attacks. asserted
airport → shut → attacks
Many Western governments have warned their citizens not to travel to the kingdom. asserted
governments → warn → kingdom
After days of deliberation, organisers decided on October 19 to postpone the event until next year. asserted
organisers → decide → year
As he rose to power a decade ago, Prince Mohammed made a few big gambles. asserted
Mohammed → rise → gambles
He wagered that he could defeat the Houthis; that he could reshape the Saudi economy; and Donald Trump would prove a reliable ally. uncertain
Trump → wager → economy
All of them have gone awry. asserted
All → go → them
Cancelling FII is emblematic of Prince Mohammed’s annus horribilis. asserted
Cancelling → cancel → Mohammed
He faces a set of interlocking crises, none of which has a solution. asserted
none → face → solution
The Saudis failed to defeat the Houthis, but they had hoped a ceasefire agreed in 2022 would contain the threat. asserted
ceasefire → fail → threat
Instead, the truce began to unravel because of America’s broader war with Iran. asserted
truce → begin → Iran
The Houthis have seized additional territory in Yemen and battered Saudi Arabia. asserted
Houthis → seize → Arabia
People close to the crown prince see only bad options. asserted
People → see → options
The kingdom can send ground troops into a bloody war; continue a campaign of air strikes that is unlikely to succeed; or make a deal that helps cement Houthi rule. A long conflict will derail Prince Mohammed’s economic program, which was sputtering even before 2026. asserted
which → send → 2026
Big projects were being shelved amid a strain on public finances. asserted
projects → shelve → finances
Wages have not kept pace with inflation. asserted
Wages → keep → inflation
A year ago, the IMF expected the Saudi economy to grow by 4 per cent in 2026; now it expects a 3.3 per cent contraction. asserted
it → expect → contraction
Whether it rebounds in 2027 will depend on whether peace breaks out in the Middle East—and that, in turn, will depend largely on Trump. asserted
that → rebound → Trump
The kingdom thought it had influence over him. asserted
it → think → him
It wooed him by promising to invest implausible sums in America. asserted
It → woo → America
It also made tawdry deals with the first family, paying Trump-owned golf courses to host Saudi-funded tournaments and investing $US2 billion with Jared Kushner, the president’s son-in-law. asserted
It → make → law
None of that stopped him from embarking on a disastrous war. asserted
None → stop → war
“He’s not loyal to anyone for long,” says one well-connected Saudi. asserted
Saudi → ’ → anyone
Though there are no reliable public-opinion polls in the kingdom, it is fair to say most Saudis trust their government. asserted
Saudis → be → government
Some have found the past few weeks unnerving, nonetheless: the war in Yemen has caused disruption. asserted
war → find → disruption
Yet since October 10, when a Houthi missile killed 13 people at Riyadh’s airport, Prince Mohammed has been largely invisible. asserted
Mohammed → kill → airport
It fell to ministers to visit victims and offer reassuring messages. asserted
It → fall → messages
A few Western commentators have begun to ask whether this crisis-filled year poses an existential threat to the crown prince’s rule. asserted
year → begin → rule
“He was in a much tougher place seven or eight years ago,” says one Western envoy. asserted
envoy → say → place
Back then the prince was a newly appointed heir, still trying to consolidate his rule. asserted
prince → appoint → rule
The war in Yemen was already a quagmire, the blockade of Qatar was upsetting America, and much of the world was horrified when Jamal Khashoggi, a Saudi journalist, was murdered inside the kingdom’s consulate in Istanbul. asserted
Khashoggi → upset → Istanbul
Prince Mohammed’s grip on power is far more secure today: he has sidelined rivals and centralised power unlike any Saudi ruler since King Abdulaziz, the founder of the modern state. asserted
he → sideline → state
Though he has detractors, none could plausibly organise a putsch. uncertain
none → have → putsch
Nor is he facing much criticism from allies. asserted
he → face → allies
The response to the recent escalation in Yemen has been telling: long-time critics of the war acknowledge the kingdom has little choice but to fight. asserted
kingdom → acknowledge → choice
“I do understand that this is a different moment than 2018 or 2020. asserted
this → understand → 2018
They are facing these Houthi advances and Houthi rocket attacks,” says Chris Murphy, a Democratic senator who met the crown prince in Riyadh this month. asserted
who → face → Riyadh
…and 21 more, not listed.
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