UAE reaffirms solidarity with Saudi Arabia

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Saudi Arabia on Sunday warned against threats to punish it over last week's disappearance of journalist Jamal Khashoggi, as European leaders piled on pressure and two more U.S. executives scrapped plans to attend a Saudi investor conference.

Khashoggi, a USA resident, Washington Post columnist and leading critic of the powerful Saudi crown prince, Mohammed bin Salman, vanished after entering the Saudi consulate in Istanbul two weeks ago to get marriage documents.

Riyadh denies any involvement, but the markets fear the impact on the projects of Saudi Arabia at the time that it organizes from 23 to 25 October in an economic summit, dubbed the "Davos of the desert". Trump announced he'd dispatched Secretary of State Mike Pompeo to the kingdom - and anywhere else necessary - to get to the bottom of the apparent demise of Khashoggi, a Saudi who had been living and working in the United States.

Turkish officials suspect that Khashoggi, who hasn't been seen since entering the Saudi Consulate in Istanbul last week, was murdered by Saudi agents.

Saudi Arabia is threatening to hit the United States economy with targeted countermeasures that would impact the domestic USA economy "much harder" than the Saudi's, including curtailing investment in U.S. resources as well as putting a halt to purchasing weapons systems from the USA, a move that would drastically impact weapon manufacturers who have well-embedded ties to the U.S. government.

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.

In just two sessions the Saudi bourse, the largest in the Arab world, has shed nearly $50bn of its capitalisation, which now stands at about $450bn, AFP said.

The crown prince, ambitious, aggressive and just 33 in a kingdom long ruled by aging monarchs, has considerable weight in Saudi government actions.

Pippa Middleton gives birth to her first child
A standard room at the Lindo Wing costs nearly $11,000 with deluxe rooms starting at $11,500. There was a wine list, you could have had champagne if you wanted.

White House economic adviser Larry Kudlow declined to speculate on what Trump might do after the president promised "severe punishment" in a "60 Minutes" interview, if the us determines that Khashoggi was indeed killed inside the Saudi consulate in Istanbul.

"It would lead to Saudi Arabia's failure to commit to producing 7.5 million barrels".

Saudi Arabia has pledged to retaliate economically for any USA punitive action.

On Sunday, JP Morgan Chase & Co said Chief Executive Jamie Dimon has canceled plans to attend the Saudi Arabian investor conference later this month.

Saudi Arabia is a key partner for Switzerlandexternal link in the Arab world and the Middle East region.

"I don't think that we should continue with business as usual until we know exactly what happened here, because what we do know is this: He walked into that consulate and he never came out", Sen.

Trump said he could not confirm such reports.

The UAE has affirmed full solidarity with Saudi Arabia against all attempts to undermine its regional stature and fundamental role in establishing regional peace and security, said a senior UAE government official.

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