World

Houthi strikes cause damage but Kingdom’s credit standing remains

Markets dislike surprises, and the first half of October brought plenty. Between Oct. 6 and Oct. 12, Houthi missiles and drones struck three Saudi airports, including King Khalid International in Riyadh, the home base of Riyadh Air. At least 20 people were killed. Foreign carriers canceled flights, and one airspace-risk service told airlines to avoid Saudi skies altogether. The Future Investment Initiative, Riyadh’s showcase for global capital, was pushed back to next year. Brent crude rose to a