Saudi stocks fall as tension with United States increases over Khashoggi case

Enlarge this image

Enlarge this image

Saudi Arabia intends to "respond to any action with a bigger one", relying on its "effective and vital role in the world economy", Saudi officials said. The losses have wiped out all the market's gains in 2018, CNN said.

Khashoggi, a well-known critic of Saudi Arabia's regime, disappeared after walking into the Saudi consulate on October 2. "From where we sit, we don't see any demand for Saudi equities at all". Jeffrey Currie, the head of commodities research at Goldman Sachs Inc., said Middle East tensions impacting the oil market have now "broadened to include Saudi Arabia".

"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.

The statements from Europe follow warnings from US President Donald Trump, who said the alleged crime had "something really bad and disgusting" about it.

Boko Haram kills another aid worker as deadline expires
They were praised for volunteering to work in a unsafe area while many others fled or chose to remain in safer communities. Ms Liman was the second aid worker to be executed by the terror group.

Khashoggi, a Washington Post columnist who was critical of the Saudi leadership, was last seen entering the consulate on Oct 2.

Europe's largest economies - Britain, France and Germany - said yesterday they were treating the case with "the utmost seriousness".

A pro-government Turkish daily published preliminary evidence last week from investigators it said identified a 15-member Saudi intelligence team which arrived in Istanbul on diplomatic passports hours before Khashoggi disappeared on October 2.

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

Netherlands vs. Germany - Football Match Report
We had our chances, which we didn't put away, and had control of the game", the German FA website reported him as saying . Germany had chances to grab a leveller after the break, with substitute Leroy Sane steering a glorious opportunity wide.

The New York Times, which was a media sponsor of the conference, has pulled out.

Cengiz, a doctoral student at a university in Istanbul, wrote: "If the allegations are true, and Jamal has been murdered by the errand boys of Mohammed bin Salman, he is already a martyr".

In an interview to be aired Sunday, Trump told CBS' "60 Minutes" that "We're going to get to the bottom of it and there will be severe punishment".

Erdogan and Salman discussed "the issue of shedding light on the case of Jamal Khashoggi" and also emphasised the "importance of creating a joint working group within the framework of the investigation", said a Turkish presidential source, who asked not to be named. "When we arrived at the consulate, he went right in". Describing the disappearance as a "terrible thing", Trump said the United States would find out what happened to Khashoggi. "We would have been married now". According to that narrative, the crown prince had approved an interrogation or rendition of Khashoggi back to Saudi Arabia, but the intelligence official was tragically incompetent as he eagerly sought to prove himself. But she said, "If he makes a genuine contribution to the efforts to reveal what happened inside the Saudi consulate in Istanbul that day, I will consider accepting his invitation".

First ‘Fortnite’ In-Game Tournament Set To Begin This Week
The teams will split $4 million in prize money and players can earn points during skirmish events to improve their team's share. Tomorrow's Fortnite update, v6.10, is bringing in-game tournaments, Epic announced in a recent blog post .

The prince, ambitious, aggressive and just 33 in a kingdom long ruled by aging monarchs, has considerable weight in Saudi government actions.

Latest News