Sunday 14 October 2018

MIDEAST STOCKS-Saudi drops on fallout from journalist disappearance | Reuters

MIDEAST STOCKS-Saudi drops on fallout from journalist disappearance | Reuters:

Saudi Arabia’s stock market tumbled in early Sunday trade, as investors worried about deteriorating relations with the international community following the disappearance of a Saudi journalist, while markets in Abu Dhabi and Dubai rose.

Jamal Khashoggi, a prominent critic of Riyadh and a U.S. resident, disappeared on Oct. 2 after visiting the Saudi consulate in Turkey. Ankara believes he was deliberately killed inside the building and his body removed.

Media companies and some technology executives pulled out of a Saudi investment conference because of growing outrage over the disappearance and U.S. lawmakers have demanded firm action, although President Donald Trump said Washington would be hurting itself if it halted arms sales to Riyadh.

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