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

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

Khashoggi, a U.S. resident and Washington Post columnist critical of Saudi Arabia, disappeared on October 2 after entering the Saudi consulate in Istanbul.

In the wake of the disappearance of journalist Jamal Khashoggi, Treasury Secretary Steven Mnuchin still plans to attend an annual investors conference held in Riyadh, Saudi Arabia, according to President Trump's top economic adviser, Larry Kudlow.

The authorities in Istanbul believe Mr Khashoggi was murdered in the consulate by Saudi agents - claims Riyadh has dismissed as "lies".

If the Saudi Arabian government is behind the disappearance of Saudi journalist Jamal Khashoggi, then the United States will inflict "severe punishment", President Donald Trump vowed in an interview with "60 Minutes" set to air Sunday.

The Saudi stock market lost $US33 billion of its value on Sunday amid investor worries about deteriorating worldwide relations, one of the first signs of the economic pain that Riyadh could suffer over the affair.

The Tadawul exchange in Riyadh dropped by 7 percent at one point during the week's first day of trading, with 182 of its 186 listed stocks showing losses by the early afternoon.

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The statement was made amid Turkish media speculation that Saudi Crown Prince Mohammad Bin Salman allegedly sought to bring Khashoggi to Saudi Arabia and detain him there.

Abdulaziz also said "some media" have circulated "false accusations" regarding Khashoggi's disappearance.

In this February 1, 2015, file photo, Saudi journalist Jamal Khashoggi speaks during a press conference in Manama, Bahrain.

It's unclear, however, whether Saudi Arabia would be willing to unilaterally cut production.

"Palestine was - and shall remain - on the side of Saudi Arabia", Abbas said.

"We're going to find out what happened", Trump pledged Friday when questioned by reporters in Cincinnati where he was headlining a political rally.

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The kingdom will respond to any measure against it with bigger measures, the source said, adding: "The Saudi economy has vital and influential roles for the global economy".

President Trump warned the U.S. would inflict "severe punishment" if Saudi Arabia was behind his disappearance.

But both the White House and the kingdom are under mounting pressure as concern grows over the fate of the veteran journalist, who hasn't been seen since he entered the Saudi Consulate in Istanbul on October 2.

Mr Trump indicated earlier this week he was reluctant to pull out of a multi-billion-dollar United States weapons deal with the Saudis to show White House anger if the missing journalist was killed by the Saudis.

If WWE pulls out of Saudi Arabia, this could mean the end for their 10-year deal which would cost them hundreds of millions of dollars over that timeframe. "From the standpoint of jobs, economic development, a lot of other reasons, I would like to do something where we could maybe look at other things [than canceling the deal]".

He had been living in a self-imposed exile in Washington D.C. for over a year when he went to the Saudi consulate on October 2 to obtain a document that would allow him to marry Cengiz.

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