Published: Sun, October 14, 2018
Markets | By Jeffery Armstrong

UK's Labour says it would stop selling arms to Saudi Arabia

UK's Labour says it would stop selling arms to Saudi Arabia

Britain and the USA are considering boycotting a major global conference in Saudi Arabia after the disappearance Saudi journalist Jamal Khashoggi, the BBC has learned.

The drop in the Tadawul exchange in Riyadh happened Sunday, the first day of trading.

President Donald Trump has declared the US will uncover the truth about what happened to journalist and USA resident Jamal Khashoggi, whose possible murder at Saudi hands after disappearing in Istanbul has captured worldwide attention.

President Donald Trump said the U.S. would be punishing itself if it halted arms sales to Saudi Arabia over the suspected murder of a journalist and American resident on the kingdom's consulate in Turkey.

Turkish sources have told Reuters the initial assessment of the police was that Khashoggi, an outspoken critic of the Saudi government, had been deliberately killed inside the consulate.

The Post reported earlier this week that the Turkish government has told us officials it has audio and video recordings that prove Khashoggi was killed while inside the consulate.

President Donald Trump has vowed to seek "severe punishment" if officials from Saudi Arabia are found to have been involved in the disappearance of dissident journalist Jamal Khashoggi.

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"As of this moment, they (Saudi) deny it and they deny it vehemently". Could it be them?

What has Mr Trump said?

He warned that that if it turns out that Saudi authorities are behind all this, the U.S. would inflict "severe punishment" on them. "I actually think we'd be punishing ourselves if we did that".

News reports about orders to kill Khashoggi "are lies and baseless allegations", the minister said in a statement carried by the Saudi Press Agency (SPA).

Trump told reporters on Saturday at the White House that the United States would be "punishing itself" if it halted Saudi military sales, Reuters reported.

Turkish and foreign media who have camped outside the consulate all week noticed the motorcade arriving on Friday but it had not been immediately clear who were the Saudi personnel entering the consulate were.

But he again voiced his reluctance to limit USA arms sales to the kingdom, which analysts see as one of Washington's key potential levers. "He told me to alert the Turkish authorities if I did not hear from him soon".

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Turkish government officials believe the Washington Post columnist was targeted by a Saudi "hit squad" and his body dismembered, smuggled out of the consulate in black bags inside a Transit van and flown out of Turkey in a private jet.

Khashoggi's fiancee Hatice Cengiz, who was waiting outside the consulate when he went inside to sort out marriage paperwork, echoed the call, urging Saudi on Twitter to "officially reveal what happened" to him.

On Saturday, Trump expressed concern about Khashoggi's fate and lack of answers, so many days after the journalist disappeared.

The mystery surrounding Khashoggi's disappearance and Saudi Arabia's alleged involvement has led to several companies and public figures to distance themselves from the kingdom and boycott an upcoming summit.

Ankara has so far trodden carefully in the controversy, with the most sensational allegations splashed in the pro-government press, while President Recep Tayyip Erdogan has so far stopped short of directly accusing Riyadh of wrongdoing.

World Wrestling star Rusev is greeted by fans during his match of the "Greatest Royal Rumble" event on April 27 Jeddah, Saudi Arabia.

But Lagarde said her plans were unchanged for now, despite worldwide uproar over the case. He says if the kingdom doesn't buy its weaponry from the United States, they will buy it from Russian Federation. The Financial Times, Bloomberg, CNBC, and CNN all said they would no longer take part on Friday.

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