JP Morgan, Ford To Drop Out Of Saudi Meet Over Missing Journalist

Riyadh welcomes Turkey’s response to Khashoggi probe

Sen. Bernie Sanders joined calls for the U.S.to impose sanctions on Saudi Arabia if the country is responsible for the disappearance of Saudi journalist Jamal Khashoggi at a consulate in Turkey earlier this month.

Saudi Arabia has been under pressure since Khashoggi, a prominent critic of Riyadh and a U.S. resident, disappeared on October 2 after visiting the Saudi consulate in Istanbul.

Turkish officials have said that they believe Mr. Khashoggi was killed inside the mission and claims have been leaked to media that he was tortured and even dismembered. The market clawed back some of the losses, closing down 3.5 per cent for the day.

Marco Rubio and Jeff Flake, members of the Foreign Relations Committee, said Congress was prepared to move quickly and firmly if President Donald Trump failed to adequately respond to the October 2 disappearance of Khashoggi, a Washington Post contributor.

In the same context, Secretary-General of the Gulf Cooperation Council (GCC) Abdul Latif bin Rashid Al Zayani slammed earlier on Sunday the media campaign against Saudi Arabia over the disappearance of Saudi national Jamal Khashoggi in Turkey.

Trump has said he probably will not cancel a $110 billion arms deal with the Saudi government because that could unnecessarily harm the U.S.

Flake said if the Saudis did, in fact, kill Khashoggi, Congress might specifically curtail USA military aid to Saudi-led forces in Yemen.

Bahrain expressed its gratitude of the important role played by Saudi Arabia, which "is considered the foundation for security and stability in the Arab and Islamic worlds".

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Speaking with reporters at the White House later, Trump reiterated that there would be "very powerful" repercussions for Saudi Arabia should the U.S. determine that the kingdom is responsible for the death of Khashoggi, who wrote for the Post's Global Opinions section.

Saudi Crown prince Mohammed bin Salman "freaked out" in August at Canada's criticism of its crackdown on female human rights activists, showing New Zealand would be running risks if it issued any snubs, he said.

On Friday, media reports noted that Future Investment Initiative's high-profile media sponsors, including the Financial Times, CNBC, The New York Times, CNN and Bloomberg, had withdrawn from the event in the wake of Khashoggi's alleged murder.

A group of people hold pictures of missing Saudi journalist Jamal Khashoggi during a demonstration in front of the Embassy of Saudi Arabia in Washington.

But the unexplained disappearance of Khashoggi, a former Saudi government adviser turned critic, has already prompted some big-name business partners to cut ties with projects that are central to Saudi's plans of building a modern economy with technology at its core.

US Treasury Secretary Steven Mnuchin and International Monetary Fund director Christine Lagarde told reporters in Bali, Indonesia, on Saturday they still planned to attend. According to his fiancee, Khashoggi entered the Saudi consulate in the Turkish city of Istanbul and never came out. Sam Altman, president of start-up investment firm Y Combinator, said last week he was suspending involvement with NEOM's advisory board "until the facts regarding Jamal Khashoggi's disappearance are known". "Obviously, we have a long-standing partnership with Saudi Arabia in a lot of areas".

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.

The German, French and British foreign ministers said in a joint statement Sunday that defending freedom of expression and ensuring protection for journalists are key priorities and that they are "treating this incident with the utmost seriousness".

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