Saudi Arabia Begins Probe Into Khashoggi Disappearance

Brian Snyder  ReutersSen. Jeff Flake speaks at the Institute of Politics at Saint Anselm College in Manchester N.H. Oct. 1 2018

Brian Snyder ReutersSen. Jeff Flake speaks at the Institute of Politics at Saint Anselm College in Manchester N.H. Oct. 1 2018

Turkish government sources said police believed Khashoggi, a former Saudi government adviser, may have been killed by a 15-man team sent especially to Istanbul.

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

Under Son, SoftBank built its global influence through tech investments and raised over $93 billion previous year to create its Vision Fund - with $45 billion coming from Saudi Arabia.

While expressing support for joint Saudi-Turkish efforts to look into his disappearance, they said the Saudi government must provide "a complete and detailed response", indicating that such a message had been conveyed "directly" to Riyadh.

The incident is threatening to spark a geopolitical crisis as the USA and Turkey demand answers from Saudi Arabia, and the kingdom vows to retaliate against any punitive measures imposed over the critic's fate. American lawmakers have threated sanctions against the Saudis, and Germany, France and Britain jointly called today for a "credible investigation" into Mr Khashoggi's disappearance. The Saudi stock market dropped by 7% on Sunday after Trump threatened of "severe punishment" which spooked investors.




With SoftBank's Saudi ties causing jitters, the share sell-off is "more psychological than anything related to worries on its fundamentals", said Makoto Kikuchi, chief executive of Myojo Asset Management.

Cengiz, a doctoral student at a university in Istanbul, wrote: "If the allegations are true, and Jamal has been murdered by the errand boys of Mohammed bin Salman, he is already a martyr". Pointing out that Russia and China were ready to step in, he added that "no one can deny that repercussions of these sanctions will include a Russian military base in Tabuk, northwest of Saudi Arabia, in the heated four corners of Syria, Israel, Lebanon and Iraq". But Mr Khashoggi's disappearance has led several business leaders and media outlets to back out of the upcoming investment conference in Riyadh called the Future Investment Initiative.

However, he told CBS News on Saturday that the United States was investigating the case which he called "really awful and disgusting" and that "there will be severe punishment". Reportedly, the Turkish officials claim to be in possession of audio and video recordings of the journalist being interrogated, killed and then dismembered inside the consulate, however, no such recordings have been made public yet.

"You are talking about a geopolitical situation becoming even worse and Saudi Arabia is going to show its stubborn attitude again", Naeem Aslam, chief market analyst at Think Markets UK in London, told Bloomberg.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.