Saudi dismisses threat of sanctions over Khashoggi

Marcus Newton
October 15, 2018

Earlier, US President Donald Trump threatened "severe punishment" if it is determined that Saudi Arabia is behind the journalist's disappearance.

The Ministry of Foreign Affairs and Trade also said that as far as it was aware, no government officials had planned to go to the event.

Meanwhile, White House economic adviser Larry Kudlow told ABC News on Sunday that US Treasury Secretary Steven Mnuchin is "intending to go" to the conference at the moment, but "will make up his mind as the week progresses and as new information surfaces".

Turkish officials say they believe a 15-member Saudi "assassination squad" killed Mr Khashoggi at the consulate.

Pressure has mounted on the WWE to cancel the event, or change the location of it, following the drama that now surrounds the country of Saudi Arabia.

On Saturday a Turkish newspaper claimed officials had an audio recording of Khashoggi being tortured and killed.

Obviously, all this was before the Saudis promised it would do "eye for an eye" diplomacy if some sort of action was taken against it for Khashoggi.

41-year-old prince revealed that Saudi Authorities had promised to give him crores of dollars for going to Saudi consulate in Cairo and to talk to the authorities.

Investors have taken fright, prompting Saudi stocks to tumble by around seven per cent at one point on Sunday, wiping out their gains for 2018.

In excerpts of a new interview, Trump said that the incident is being investigated and that the Saudis deny any involvement, despite the mounting evidence that the Saudi regime was implicated in Khashoggi's disappearance on October 2.

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In a Sunday night phone call, Turkish President Recep Tayyip Erdoğan and Saudi King Salman bin Abdulaziz discussed the disappearance of journalist Jamal Khashoggi.

In a column published just after the SPA statement, Saudi-owned Al Arabiya channel's General Manager Turki Aldakhil warned that imposing sanctions on the world's largest oil exporter could spark global economic disaster.

"The withdrawal of top participants from the Riyadh investment conference has also negatively impacted traders' sentiment", he told AFP. Trump said there would be no USA sanctions on the oil-rich kingdom, claiming that the Saudi's were spending $110 billion (€95 billion) on USA military equipment.

But the US president, who has made warmer ties with Riyadh and Crown Prince Mohammed bin Salman a cornerstone of his foreign policy, has waffled on how the USA might respond.

Sanders suggested that cutting ties to the war in Yemen would be among the strongest responses the USA could undertake.

But in response to Khashoggi's disappearance, media firms and some technology executives have pulled out of a major Riyadh investment conference scheduled for next week.

Turkey and Saudi Arabia work together on some common issues and share business interests, but also share a good deal of political bad blood.

The NTV channel said the delegation is composed of 11 people and had on Friday inspected the consulate in Istanbul.

Rubio's comments come a day after Trump vowed "severe punishment" for the United States ally if they were found responsible.

"There's something really awful and disgusting about that, if that was the case, so we're going to have to see", Trump said.

Other reports by MaliBehiribAe

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