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The last media sponsor to exit Saudi conference: Fox Business

Maria Bartiromo
Fox Business host Maria Bartiromo. Photo: Steven Ferdman via Getty Images

Fox Business has officially pulled out of Saudi Arabia's Future Investment Initiative.

The big picture: The network was the last remaining American media sponsor of "Davos in the Desert," with CNN, CNBC and Bloomberg all previously withdrawing over the disappearance of journalist Jamal Khashoggi. Fox Business host Maria Bartiromo had been scheduled to speak at the conference, but she will no longer attend unless an "unrestricted interview" with Crown Prince Mohammed bin Salman is offered, Axios has learned.

The companies who have backed away from Saudi business over Khashoggi

Mohammed Bin Salman
Saudi Crown Prince Mohammed bin Salman. Photo: Pablo Blazquez Dominguez/Getty Images

A number of companies and individuals are backing away from doing business with Saudi Arabia until more answers are provided on the disappearance of journalist Jamal Khashoggi, who Turkish officials believe was murdered inside the Saudi Consulate in Istanbul.

The big picture: Many of the world's largest prospective financial deals involve Saudi Arabia and are predicated on trust in Saudi Crown Prince Mohammed bin Salman (MBS) as a reformer. Meanwhile, there is speculation that MBS was personally involved in Khashoggi's disappearance.