UK, Germany, France press Saudi Arabia over Khashoggi disappearance

Saudi journalist disappearance Riyadh rejects ‘threats’ warns of retaliation in case of sanctions

Saudi Arabia hits back at Donald Trump's threat of 'severe punishment' over journalist's disappearance

Saudi state owned Al-Arabiya news channel delivered a bullish message to the U.S. and the worldwide community in response to growing calls for sanctions against Riyadh over the disappearance of journalist Jamal Khashoggi. "From where we sit, we don't see any demand for Saudi equities at all".

The statement was issued as worldwide concern grew over the writer who vanished on a visit to the Saudi Consulate in Istanbul over a week ago.

Khashoggi, a Saudi national and United States resident who became increasingly critical of powerful Crown Prince Mohammed bin Salman, has not been seen since he walked into the Saudi consulate in Istanbul to sort out marriage paperwork on October 2.

According to Saudi-owned Al Arabiya television, Riyadh has "over 30 measures" that it could wheel out to retaliate against sanctions.

But the president has also said "we would be punishing ourselves" by cancelling arms sales to Saudi Arabia.

"If the price of oil reaching $80 angered President Trump, no one should rule out the price jumping to $100, or $200, or even double that figure".

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

Khashoggi, a critic of the Saudi government and in particular Crown Prince Mohammed bin Salman, was last seen entering the consulate on October 2 to get paperwork for his upcoming marriage to a Turkish woman.

Europe's largest economies - Britain, France and Germany - said yesterday they were treating the case with "the utmost seriousness".

In a joint statement later Sunday, the foreign ministers of the UK, France and Germany said "light must be shed" on Khashoggi's disappearance. "There needs to be a credible investigation to establish the truth about what happened, and - if relevant - to identify those bearing responsibility for the disappearance of Jamal Khashoggi, and ensure that they are held to account", the statement said.

Hours before the announcement, Tadawul exchange in Riyadh dropped by as much as 7 percent during the week's first day of trading, with 182 of its 186 listed stocks showing losses by the early afternoon.

"We were going to browse appliances for our new home and meet with our friends and family members over dinner", she wrote. Despite being anxious for his safety, he had gone into the consulate in Istanbul to get a document necessary to marry his Turkish fiancee, his fiancee and friends have said.

The heartfelt article, which described how the pair met at a conference in Istanbul in May and bonded over their "shared passion for democracy, human rights and freedom of expression" was published on Khashoggi's birthday, Cengiz said.

"The king firmly denied any knowledge of it", Trump told reporters as he left the White House for a trip to survey hurricane damage in Florida and Georgia. The Turkish government is reportedly accusing Saudi Arabia of killing him as they claim that there is no evidence of Khashoggi ever leaving the building.

The kingdom has appointed Son as an advisor for its planned $500 billion NEOM high-tech city, and in October previous year, it said it was considering selling a large stake in Saudi Electricity Co to the Vision Fund.

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