Saudi Arabia warned on Sunday it will respond to any "threats" against it as its stock market plunged following US President Donald Trump's warning of "severe punishment" over the disappearance of Washington Post contributor Jamal Khashoggi, even as BBC reported that the US and the United Kingdom were considering pulling out of the Saudi "Future Investment Initiative" summit meant to showcase its modernisation agenda.
Saudi Arabia warned on Sunday that it would retaliate against any sanctions imposed on it over the disappearance of journalist Jamal Khashoggi, as the Riyadh stock market plunged on growing investor jitters.
The newspaper also alleged Saudi officials tried to delete the recordings first by incorrectly guessing Khashoggi's PIN on the watch, then later using the journalist's finger. Following a pattern of permissiveness, the Trump administration turned a blind eye to Saudi abuses in Yemen and encouraged the Saudis to-yet again-investigate themselves.
New Zealand could put its business interests with Saudi Arabia at risk if it strongly speaks out soon against the suspected murder of journalist Jamal Khashoggi at Saudi Arabia's consulate in Turkey, an Otago academic believes.
Treasury Secretary Steven Mnuchin this month is scheduled attend the event in Riyadh known as "Davos in the Desert", even as corporate leaders are pulling out over concerns about the fate of Mr. Khashoggi, a critic of the Saudi regime.
The index later recovered to close 3.5% down. Of 188 stocks traded on the exchange, 179 ended the day with a loss.
Later Mr Hunt said that whatever happened now was "absolutely up to Saudi Arabia".
Turkish TV has already broadcast CCTV footage of the moment Mr Khashoggi walked into the consulate for an appointment at which he was due to receive papers for his forthcoming marriage to Ms Cengiz.
"Something this big would definitely spook investors, and Saudi just opened up for foreign direct investment, so that was big", said Issam Kassabieh, a financial analyst at Dubai-based firm Menacorp Finance.
Of course, Turkey and Saudi Arabia are working together - or appearing to be - regarding the Khashoggi's disappearance.
"There's something, you'll be surprised to hear me say that, there's something really awful and disgusting about that if that was the case".
Patriots Beat Chiefs 43-40 In Thrilling Clash Of AFC Powerhouses
Mahomes threw a touchdown pass to Tyreek Hill to give the Chiefs their first lead since they led 3-0 in the first quarter. This year's Patriots team also looks more vulnerable than the New England team that Kansas City beat handily last season.
Republican Marco Rubio of Florida says that includes the multi-billion dollar arms deal that President Donald Trump wants to preserve. The sales are a "tremendous order for our companies", and if the Saudis don't buy their weaponry from the USA, they will get it from others, he said.
The statement did not elaborate. According to Saudi-owned Al Arabiya channel, the kingdom has "over 30 measures" that it could implement to combat sanctions. Benchmark Brent crude now trades above $80 a barrel and US gasoline prices have risen ahead of the midterm elections.
Past US presidents have opposed the bill but the chances of it being passed may have increased because of Trump's frequent criticism of the Organisation of the Petroleum Exporting Countries, which he accuses of driving up oil prices.
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.
Analysts say that Turkey is hoping to find support from its North Atlantic Treaty Organisation ally the United States in the case, although Ankara-Washington have been in crisis over the detention for the last two years of a Protestant pastor.
The threats mark a surprising turn in the otherwise warm relationship between Trump and Saudi crown prince Mohammed bin Salman.
The chief executive of JPMorgan Chase & Co., Jamie Dimon, had been a featured speaker at the conference in Riyadh.
Saudi stocks sink as tension with United States escalates over Khashoggi.
Those policies are all seen as initiatives of the crown prince, who has also presided over a roundup of activists and businessmen.
The Turkish leadership has so far stopped short of accusing Saudi Arabia, although pro-government media have published sensational claims, including that an "assassination team" was sent to Istanbul to kill Khashoggi.
Bernie Sanders said Sunday that if journalist Jamal Khashoggi was killed by Saudis, the U.S. should distance itself from the Middle Eastern kingdom and cut ties to the war in Yemen.