Published: Wed, October 17, 2018
Money | By Wilma Wheeler

Egypt Backs Saudi Arabia Over the Case of Missing Journalist Khashoggi

Egypt Backs Saudi Arabia Over the Case of Missing Journalist Khashoggi

Saudi Arabia has begun an internal investigation into the disappearance of a prominent journalist at its Istanbul consulate and could hold people accountable if the evidence warrants it, according to a Saudi official.

Saudi Arabia on Sunday thanked Washington for not rushing to conclusions as the probe continues into the disappearance of journalist Jamal Khashoggi.

Khashoggi went missing when he visited the Saudi Consulate in Istanbul.

"The Kingdom also affirms that if it receives any action, it will respond with greater action, and that the Kingdom's economy has an influential and vital role in the global economy and that the Kingdom's economy is affected only by the impact of the global economy", the country's press agency said, citing an "official source". He said the incident is being investigated and pledged "very powerful" consequences if Saudi Arabia is found guilty.

Investment in sport has proved a viable option for those two oil-rich gulf states looking to project soft power and improve the global prestige of their nations overseas and, it's claimed, Saudi Arabia are set to look to do the same.

The Saudi warnings came after the country's stock market fell as much as 7% on Sunday amid fears of sanctions. This comes after UK, German and French foreign ministers issued a joint statement, calling to identify and punish those responsible for the suspected killing of the Saudi government critic.

The exchange dropped by over 500 points, then clawed back some of the losses, ending the day down 264 points, or more than 4 per cent.

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. Saudi Arabia has denied responsibility for the disappearance.

"I think we need to continue to evaluate the facts and we'll make that decision - I talked to Secretary Mnuchin about it last night, we'll be taking a look at it through the rest of the week", Pompeo, alongside President Trump, told reporters in the Oval Office on Saturday.

The Washington Post reported on Friday that Turkish authorities had shared audio and video recordings with United States intelligence suggesting the journalist had been murdered in the Saudi consulate.

The source said it would be a joint search with the Saudi authorities.

Where is Jamal Khashoggi?...

"We were going to browse appliances for our new home and meet with our friends and family members over dinner", she wrote.

Cengiz added that she had seen reports President Trump wanted to invite her to the White House.

Saudi Arabia is the biggest investor in Softbank's $100 billion Vision Fund, which owns stakes in WeWork, brokerage Compass, property insurer Lemonade, and construction company Katerra, among other firms.

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