Published: Mon, October 15, 2018
Money | By Wilma Wheeler

Donald Trump vows ‘severe punishment’ if Saudi Arabia murdered journalist

Donald Trump vows ‘severe punishment’ if Saudi Arabia murdered journalist

"The kingdom confirms its categorical rejection of any threats and attempts to harm it by threatening to impose economic sanctions or the exercise of political pressure", the official continued, adding that the Saudi economy is "vital and influential" in the global economy.

Mr. Khashoggi, a Washington Post contributor, vanished after entering the consulate on October 2 to obtain official documents for his upcoming marriage.

Egyptian Foreign Ministry's Spokesman, Ahmed Hafez, issued a statement Sunday expressing Egypt's concerns over the storm of hype made by the disappearance of Saudi journalist Jamal Khashoggi. Turkey believes he was deliberately killed inside the building and his body removed.

US President Donald Trump has threatened Saudi Arabia "severe punishment" if Khashoggi was in fact killed, and Riyadh has vowed to hit back against any punitive measures.

Though Trump called the allegations "really awful and disgusting", he told reporters on his way to a Kentucky rally Saturday that scrapping arms sales deals would hurt USA companies and jobs more than it would punish Saudi Arabia.

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. Khashoggi was living in self-imposed exile in the United States and had criticized Saudi Crown Prince Mohammed bin Salman in columns written for The Washington Post.

Turkey's foreign minister, Mevut Cavusoglu, said Saudi Arabia was not yet co-operating with the investigation - despite a statement from Saudi Interior Minister Prince Abdulaziz bin Saud bin Naif bin Abdulaziz saying they wanted to uncover "the whole truth".

Media companies and some technology executives have pulled out of a major Saudi investment conference dubbed "Davos in the Desert", scheduled for next week in Riyadh, because of growing outrage over the disappearance.

Dimon follows almost a dozen other executives from the technology, media and entertainment industries who have backed out of the Future Investment Initiative conference, nicknamed "Davos in the Desert".

A Turkish official told Reuters on Sunday that the Saudis had said they would allow the consulate to be searched, and that this would happen by the end of the weekend, though he conceded to "flexibility on this date".

Turkish officials say the journalist was killed and dismembered inside the consulate by a 15-member Saudi "assassination squad" and say they have evidence to support their claims.

"We can confirm. that Jamie will not be attending the Saudi event", a JP Morgan spokesperson said in an email to the BBC on Monday.

In an interview aired Sunday, Trump told CBS' "60 Minutes" that Saudi Arabia would face strong consequences if involved in Khashoggi's disappearance.

TRT World sources deny Jamal Khashoggi's Apple Watch is part of the investigation into his disappearance after Turkish newspaper Sabah reported on Saturday the Saudi journalist may have recorded his own torture and murder at Saudi Arabia's consulate in Istanbul.

Florida Republican Marco Rubio tells CNN's "State of the Union" that he doesn't think any USA government officials "should be going and pretending as it's business as usual, until we know exactly what's happened here".

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

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