Saudi vows to 'hit back' at sanctions over Khashoggi

Saudi vows to 'hit back' at sanctions over Khashoggi

Saudi vows to 'hit back' at sanctions over Khashoggi

That fear appeared to spread Monday to Japan's SoftBank, which has invested large sums of Saudi money.

Habertürk website's columnist Sevilay Yılman wrote on October 15 that Turkish security forces started to look into Kışlakçı's claim.

"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 countries said in a joint statement. The kingdom has called the allegations "baseless" but has offered no evidence the writer left the consulate.

Already, worldwide business leaders are pulling out of the kingdom's upcoming investment forum, a high-profile event known as "Davos in the Desert".

However, Senator Marco Rubio (R-Florida) says the USA must take action against Saudi Arabia - including potentially regarding arms sales - if the allegations are proven true. The market clawed back some of the losses, trading down over 4 percent later on.

A statement from the Ministry of Foreign Affairs says that since an investigation is ongoing into the matter, "it would therefore be appropriate to await the outcome".

She described her fiancé as a patriot who loved his country and rejected the label of dissident because she believed he was working for the good of Saudi Arabia.

President Donald Trump initially made it clear that whatever the outcome of the inquiry into the disappearance of Khashoggi, the USA would not forgo billions of dollars in arms deals with Saudi Arabia.

President Trump has said "we would be punishing ourselves" by canceling arm sales.

There have been doubts, however, about how far the U.S. president is willing to go, given his administration's deep ties to Riyadh.

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While Riyadh claimed he had left the consulate after his visit, Turkish police said Khashoggi did not emerge from the building. It was not immediately clear whether the second plane, pictured here, which left Istanbul for Egypt, was also searched.

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Saudi Arabia has been pumping more oil into global markets to make up for a shortfall created by Trump's decision to reimpose sanctions on Iran. Trump has said that he intends to speak to the Saudi King soon.

The source said that the Kingdom also affirms that if it receives any action, it will respond with greater action.

The statement did not elaborate.

Saudi-owned Al Arabiya television claimed on Sunday that the kingdom had readied "over 30 measures" it could implement. Benchmark Brent crude now trades above $80 a barrel and USA gasoline prices have risen ahead of the midterm elections.

The cancellations could add pressure on other USA firms like Goldman Sachs Group Inc GS.N , Mastercard Inc MA.N and Bank of America Corp BAC.N to reconsider their plans to attend the investor event.

Turkish President Tayyip Erdogan gestures as he speaks at a business conference in Budapest, Hungary, October 9, 2018.

Treasury Secretary Steven Mnuchin this month is scheduled attend the event in Riyadh known as "Davos in the Desert", even as corporate leaders are pulling out over concerns about the fate of Mr. Khashoggi, a critic of the Saudi regime. While Turkey and the kingdom differ on political issues, Saudi investments are a crucial lifeline for Ankara amid trouble with its lira currency.

For the moment, suspicions about Saudi Arabia's role in Khashoggi's disappearance have tainted the reformist image carefully cultivated by Crown Prince Mohammed.

British billionaire Richard Branson has pulled back from two projects to develop Red Sea tourism and has suspended talks with the Saudi government about a $1 billion investment in his space companies. Saudi Arabia has denied that.

Those policies are all seen as initiatives of the crown prince, who has also presided over a roundup of activists and businessmen.

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