Saudi stocks dive 7.0 percent, wiping out 2018 gains

Will WWE cancel Saudi Arabia Crown Jewel show amidst U.S. government's warnings

Will WWE cancel Saudi Arabia Crown Jewel show amidst U.S. government's warnings

"The Saudi economy has vital and influential roles for the global economy".

It began with a mysterious disappearance: Jamal Khashoggi, a Saudi Arabian citizen and US resident, went to the Saudi consulate in Istanbul, Turkey, 12 days ago.

Imposing any type of sanctions on Saudi Arabia by the West will cause the kingdom to resort to other options, US President Donald Trump had said a few days ago, and that Russian Federation and China are ready to fulfill Riyadh's military needs among others.

Still, he was careful to hedge his language - as he has been largely since Khashoggi vanished after the journalist's visit to the Saudi consulate in Istanbul.

President Donald Trump has threatened "severe punishment" if authorities determine Saudi Arabia was behind Khashoggi's disappearance.

Trump said on Saturday his administration won a $110 billion military order from Saudi Arabia and that the deal, combined with Saudi commitments to invest heavily in the United States, was worth hundreds of thousands of USA jobs.

The Tadawul exchange in Riyadh dropped by 7 percent at one point during the week's first day of trading, with 182 of its 186 listed stocks showing losses by the early afternoon.

Khashoggi has written extensively for the Post about Saudi Arabia, criticizing its war in Yemen, its recent diplomatic spat with Canada and its arrest of women's rights activists after the lifting of a ban on women driving.

Foreign capital is key to those plans.

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Business barons including British billionaire Richard Branson and Uber CEO Dara Khosrowshahi, as well as media powerhouses like Bloomberg and CNN, have pulled out of next week's Future Investment Initiative (FII) in Riyadh.

Saudi Arabia firmly denies any involvement in his disappearance and says Khashoggi left the consulate that afternoon.

Bahrain affirmed its "full solidarity with the Kingdom of Saudi Arabia against all those who attempt to undermine it or seek to harm it, stressing its strong rejection of those who attempt to harm its policy, position and sovereignty".

A source has confirmed to NewAgeInsiders.com that the WWE Crown Jewel network special, emanating from the Kingdom of Saudi Arabia on November 2, 2018, will not take place as scheduled.

He warned that that if it turns out that Saudi authorities are behind all this, the United States would inflict "severe punishment" on them.

A demonstrator holds picture of Saudi journalist Jamal Khashoggi during a protest in front of Saudi Arabia's consulate in Istanbul, Turkey.

"We've all heard a lot about the audio", Trump said.

"When we arrived at the consulate, he went right in", she said.

"This is happening at a time when Saudi Arabia is preparing for a big investment event and they don't need people suspending or pulling out investments", said Nadi Barghouti, head of asset management at Emirates Investment Bank in Dubai. Trump has repeatedly bucked calls to cancel a 2017 arms treaty with the Saudi Arabian government pending further investigation. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

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