Saudis threaten global economic repercussions if punished for 'murdered' journalist

15 October, 2018, 01:22 | Author: Eric Barnett
  • President Trump promises 'severe punishment' if Saudi Arabia is behind disappearance of journalist Jamal Khashoggi

In a statement published by the state-run Saudi Press Agency, the kingdom warned that if it "receives any action, it will respond with greater action, and that the kingdom's economy has an influential and vital role in the global economy".

However, Mr Trump added the U.S. would be "punishing itself" if it cancelled military sales to Saudi Arabia over the disappearance of Mr Khashoggi. Journalist Jamal Khashoggi vanished after visiting the building earlier this month, and simmering worldwide suspicion puts the Saudi government behind his murder.

US President Donald Trump threatened ally Saudi Arabia on Saturday with "severe punishment" if Khashoggi, who has been critical of Prince Mohammed, was killed inside its Istanbul mission.

Trump has also restated his reluctance to jeopardize a $110 billion arms deal he brokered with Saudi Arabia that was inked on his first foreign trip as President, saying he didn't want to hurt jobs.

Trump's words led to a plunge of Saudi Arabia's stock market, in a possible foreshadowing of what could take place if countries take action against Riyadh in the form of sanctions. It comes as one of the first signs of the economic pain that Riyadh could suffer over the suspected murder.

The event is being hosted by the kingdom's Crown Prince Mohamed bin Salman to promote his reform agenda.

Foreign capital is key to those plans.

Turkish authorities believe Khashoggi was killed inside the mission by a Saudi state hit-squad, charges that Saudi authorities have consistently denied.

Rubio said the arms deal may provide leverage in responding to the situation but it should not deter potential punishment.

The OIC stressed the importance of waiting for the results of the investigation conducted by Turkey, with the cooperation of Saudi Arabia, and not jump to premature conclusions, warning regional and worldwide media to ensure accuracy and professionalism in their publications.

"I think one of the strong things that we can do is not only stop military sales, not only put sanctions on Saudi Arabia, but most importantly, get out of this bad, awful war in Yemen led by the Saudis", Sanders said on CNN's "State of the Union".

Flake said that if it is true that Khashoggi was murdered and the Saudi leadership was involved, "severe action needs to be taken and I think the Congress will take it upon themselves to take that action".

The UK and USA are considering boycotting a Saudi-backed conference set to take place later this month in Riyadh as a result of the disappearence and alleged murder of journalist Jamal Khashoggi, the BBC has reported.

Turkish officials have an audio recording of the alleged killing of journalist Jamal Khashoggi from the Apple Watch he wore when he walked into the Saudi Consulate in Istanbul over a week ago, a pro-government Turkish newspaper reported Saturday.

So far, administration officials have also expressed reluctance to canceling participation in Saudi Arabia's signature economic forum, the Future Investment Initiative.

Saudi journalist and Washington Post contributor Khashoggi vanished after entering the consulate to obtain documents for his upcoming marriage.

Security forces leading the investigation found the audio file inside the phone Khasshoggi left with his fiancee, Hatice Cengiz, according to the daily.

The UAE, Bahrain, Oman, Jordan, Palestine and Yemen affirmed their full solidarity with Saudi Arabia against all those who attempt to undermine or seek to harm the Kingdom's policy, position and sovereignty in statements made on Sunday.



Abbas burst puts Australia on the ropes in Dubai
Australian batsman Travis Head trudges off after lasting just nine balls in his maiden test innings. On Thursday, however, Pakistan missed out on the opportunity, with Australia there for the taking.

Taliban Attack Security Check Posts In Farah
At least 17 soldiers have been killed in Taliban raids on two military posts in western Afghanistan, officials said. His 11-day trip includes stops in Afghanistan, Pakistan, the United Arab Emirates, Qatar and Saudi Arabia.

Samsung's foldable phone will double up as a tablet
The starting price of the Samsung Galaxy A9 (2018 ) is Euro 599 (about 251,000 Naira) and GBP 549 (about 263,000 Naira). But the device is in the works, and we could catch a glimpse of it at Samsung's Developer Conference next month.

Princess Eugenie's Wedding Cake Has One Surprising Similarity to Meghan Markle's
Princess Eugenie , who is getting married next week, preparing to impress the world with their wedding. As the couple depart the chapel, the steps will be lined with members of the Grenadier Guards.

Vehicle industry slams government decision to cut hybrid auto subsidies
The surprise announcement led to accusations that the government was undermining the campaign to cut roadside emissions and get drivers out of petrol and diesel cars.

Hong Kong: Stocks close up 2.1%
For the Shanghai Composite , the technicals show that price has now cracked the support seen from February and March 2016. It is the second dive in Chinese bourses this week after both Shanghai and Shenzhen fell almost four percent on Monday.

Novak Djokovic wins a record fourth Shanghai title over Borna Coric
Coric, who has only two career titles, has now beaten Federer twice - the previous time was in the final at Halle this year. Federer had to play catch-up in the tie break and said afterwards that he was relieved to avoid another three-setter.

Fortnite is now available on all compatible Android devices without an invite
We can find this renowned Battle Royale title on most devices, but, up till now, Fortnite had one big downside on its part. However, there are a couple of things you should be aware of before heading over to Epic's website to download the game.

Alok Nath's #MeToo list grows longer: on-screen daughter recounts abuse
People feel that only in industry such incidence happen but there are so many random people whom you have to deal with. He said that they would not take any other legal recourse until the complainant approached the police or the court.

'SNL' tackles President Trump's meeting with Kanye West
He then went into a long speech about different dimensions and universes that quickly went off the rails. Right off the bat, we get treated to Baldwin's usual Trump talk.