Saudi riyal at weakest since June 2017 on Khashoggi case

Jamal Khashoggi in Manama Bahrain. Turkey claims that Khashoggi who wrote for The Washington Post was killed inside a Saudi diplomatic mission in Turkey

Hasan Jamali File AP

JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi.

Jamal Khashoggi disappeared after visiting the Saudi consulate in Istanbul on October 2 and Turkish authorities have speculated that he was either killed or kidnapped there, while Saudi Arabia has denied the accusations, reports Efe news. Germany, Britain and France issued a joint statement over the weekend expressing "grave concern" and calling for a credible investigation to ensure those responsible for the disappearance "are held to account".

Sheikh Abdullah reiterated the UAE's unequivocal stance with Saudi Arabia in whatever policies it sets and tremendous efforts it exerts to counter the various risks and threats besetting the worldwide community, particularly extremism and terrorism.

"What has reportedly happened in Turkey. if proved true, would clearly change the ability of any of us in the West to do business with the Saudi government", he said in a statement.

Turkish media have widely reported that intelligence officials believe Khashoggi was murdered and dismembered inside the consulate by a Saudi hit squad.

Trump visited the kingdom on his first overseas trip as president and has touted arms sales to Saudi Arabia.

"We are very disappointed to see what's going on".

U.S. President Donald Trump has threatened "severe punishment" if it turns out Khashoggi was killed in the consulate, although he said Washington would be "punishing" itself if it halted military sales to Riyadh.

Is This 'Avengers 4' Action Figure Set Real?
A Marvel spokesperson says the company "disputes the accuracy of these numbers", but it never publicly discloses salaries. If it's the real thing, the Avengers will be wearing team suits for the first time ever.

Mohammed bin Salman, the 33-year-old crown prince of Saudi Arabia who leads the country's Public Investment Fund, has pledged $45bn to SoftBank's Vision Fund, making it one of the most significant stakeholders in the Japanese investment vehicle.

The plan, known as Vision 2030 and spearheaded by Crown Prince Mohammed bin Salman, aims to increase foreign investment, boost tourism and grow the private sector.

Saudi Arabia has pledged to retaliate economically for any USA punitive action.

"The links of SoftBank Group with Saudi Arabia have helped to lower the action", commented to AFP Yoshihiro Okumura, Chibagin Asset Management.

Trump said he'd made clear the stakes.

Son spoke at the conference last year, and several SoftBank executives were listed as participating this year before conference organizers removed all the names from the program posted online.The company hasn't responded to repeated requests for comment on whether its executives still plan to attend this year's gathering. "Because of the leadership, because of the location, because of the people in the kingdom, we can make it happen".

Prince Khaled al-Faisal, a senior member of Saudi Arabia's ruling family and senior advisor to King Salman, has met Erdogan to discuss Khashoggi's disappearance, two sources with knowledge of the matter told Reuters without providing details.

Latest News