Glazer's Trip To Saudi Arabia Fuels Manchester United Takeover Rumours

17 October, 2018, 07:11 | Author: Eric Barnett
  • Saudi journalist disappearance Riyadh rejects ‘threats’ warns of retaliation in case of sanctions

Meanwhile, Saudi Arabia Foreign Ministry warned in a statement on Sunday that Riyadh would respond with serious measures if attacked by sanctions, which the USA and the United Kingdom threatened the country with after the disappearance of Khashoggi.

In a statement Sunday on the official Saudi Press Agency attributed to "an official", the kingdom rejected any threats of economic sanctions or political pressure and said it would "respond with greater action". "From where we sit, we don't see any demand for Saudi equities at all".

The Saudi delegation that was due to be involved in the search and has been in Turkey since Friday arrived at Istanbul police headquarters, Turkish television said.

Late in the day, there were published reports that the Saudis were preparing to concede that Khashoggi, a US -based Saudi contributor to The Washington Post, had been killed in an interrogation gone wrong.

According to Saudi-owned Al Arabiya television, Riyadh has "over 30 measures" that it could wheel out to retaliate against sanctions.

However, President Donald Trump has reportedly talked about "severe punishment" if the Saudi government is found to be linked with his disappearance.

"If President Trump was angered by $80 oil, nobody should rule out the price jumping to $100 and $200 a barrel or maybe double that figure", he wrote.

The Saudi stock market lost $33bn (€28bn) of its value yesterday amid investor worries about deteriorating worldwide relations, one of the first signs of the economic pain that Riyadh could suffer over the affair.

"There needs to be a credible investigation to establish the truth about what happened, and - if relevant - to identify those bearing responsibility for the disappearance of Jamal Khashoggi, and ensure that they are held to account", the foreign ministers from the three countries said in a joint statement.


Doubts are also growing over whether British Trade Secretary Liam Fox will attend the Riyadh conference, the BBC reported Sunday citing diplomatic sources.

Khashoggi, a well-known critic of Saudi Arabia's regime, disappeared after walking into the Saudi consulate on October 2.

In an article titled "Silicon Valley's Saudi Arabia Problem", the New York Times outlines how liberal Silicon Valley tech firms struggle with the issue of taking money from Saudi Arabian investors while ignoring the countries many human rights violations.

Turkish officials have said they believe he was killed - a claim Saudi Arabia refuted - and the controversy has dealt a huge blow to the image of the kingdom and efforts by the youthful crown prince to showcase a reform drive.

"We were going to browse appliances for our new home and meet with our friends and family members over dinner", she wrote.

Turkish authorities repeatedly said that Khashoggi never left the consulate premises.

The king thanked Mr Erdogan for welcoming a Saudi proposal to form a joint working group to discuss Mr Khashoggi's disappearance and said no one could undermine their relationship.

The White House's comments in this regard so far have been limited.

Cengiz said Khashoggi fled Saudi Arabia with two suitcases for the USA "amid a crackdown on intellectuals and activists who criticized Crown Prince Mohammed bin Salman".

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