Pakistan welcomes joint Saudi-Turkish efforts to probe Jamal Khashoggi disappearance

Devin Lawrence
October 16, 2018

Saudi Arabia has ended a week-long impasse by agreeing to let Turkish investigators enter its consulate in Istanbul to undertake a full search for Jamal Khashoggi, the Washington Post columnist who disappeared on 2 October.

Worldwide pressure continues to mount against Saudi Arabia.

"If US sanctions are imposed on Saudi Arabia, we will be facing an economic disaster that would rock the entire world", said Aldakhil. Turkish officials say that they believe Saudi agents killed and dismembered Khashoggi after he entered the consulate and that Turkey has audio and video recordings of it. They provided no further details.

USA stock futures declined again on Monday as Saudi Arabia faced growing pressure over a missing critic of the kingdom.

"Maybe these could have been rogue killers - who knows", Trump said, ". but his was a flat denial". Saudi Arabia has denied that.

What happened to Jamal Khashoggi?

The president said King Salman had denied any knowledge of the disappearance and said they were working with Turkey to uncover what happened.

Khashoggi went missing when he visited the Saudi Consulate in Istanbul. According to Sabah's report, the men which included some Saudi officials arrived at Istanbul's Ataturk airport on the same day of Khashoggi's disappearance. "We're going to try getting to the bottom of it very soon, but his was a flat denial".

Saudi King Salman spoke with Turkish President Recep Tayyip Erdogan by telephone on Sunday evening.

Trump promised "severe punishment" if it turns out that Saudi Arabia is behind Khashoggi's disappearance. European allies have urged "a credible investigation" and accountability for those responsible.

A Saudi source said on Monday that the Crown Prince has ordered an internal investigation of the disappearance.

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Mohammed Zidan, market strategist at Thinkmarket in Dubai, said the drop in Saudi stocks was linked to the uncertainty surrounding the Khashoggi affair. Footage emerged Tuesday showing Khashoggi entering the building the week before.

United States President Donald Trump has threatened the kingdom with "severe punishment" if Khashoggi, who has been critical of the powerful Saudi Crown Prince Mohammed bin Salman, was killed inside its Istanbul mission.

The Saudi consulate referred Reuters to authorities in Riyadh, who did not respond to questions about the 15 Saudis.

If Saudi Arabia does use crude oil resources to retaliate, it would be a rare departure away in its decades-old policy of putting petroleum above policies.

The Saudi riyal fell to its lowest in two years and its worldwide bond prices slipped over fears that foreign investment could shrink amid global pressure.

This statement came after the Saudi stock market plunged by almost 7 percent at one point on Sunday.

Neither JP Morgan nor Ford would elaborate on the reasons for the decision not to attend the Future Investment Initiative conference in Riyadh later this month, and did not comment on whether concerns about the disappearance of Khashoggi were a factor. Chief Executive Jamie Dimon; and Ford Motor Co.

Other companies, such as Citigroup, Credit Suisse, and Standard Chartered Plc. have either provided no comment as of yet, or reiterated their commitment to attending the event regardless. But it's also bad news for SoftBank (sftby), the Japanese conglomerate that has close ties with Saudi Arabia.

The organiser insisted the conference would go ahead, with more than 150 speakers confirmed.

It's unclear, however, whether Saudi Arabia would be willing to unilaterally cut production. Moreover, the incident has given rise to a myriad of reactions among US Senators, ranging from boycotting an upcoming economic summit to ending support for Saudi military operations.

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