Khashoggi Investigation: Saudi threatens to retaliate against sanctions

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Riyadh had so far not allowed the search at the Istanbul consulate - officially Saudi territory - amid reports both sides were at odds over the conditions of the probe. " Remarkably, the country has avoided pariah status in the United States thanks to our thirst for oil, Riyadh's carefully cultivated ties with Washington, its big arms purchases, and the two countries' shared interest in counterterrorism".

Under Son, SoftBank built its global influence through tech investments and raised over $93 billion a year ago to create its Vision Fund - with $45 billion coming from Saudi Arabia.

"The Kingdom affirms its total rejection of any threats and attempts to undermine it, whether by threatening to impose economic sanctions, using political pressures, or repeating false accusations that will not undermine the Kingdom and its staunch positions and Arab, Islamic and worldwide status, the outcome of these weak endeavours, like their predecessors, is a demise", the country's press agency said, citing an "official source".

His remarks prompted Saudi Arabia to threaten to use its economic muscle to respond to any punitive measure but Rai al-Youm, a pan-Arab newspaper based in London, said the kingdom might have to ready itself for new "milking" by the US. "Imposing any type of sanctions on Saudi Arabia by the West will cause the kingdom to resort to other options", he said. This comes after UK, German and French foreign ministers issued a joint statement, calling to identify and punish those responsible for the suspected killing of the Saudi government critic. The Saudi stock market dropped by 7% on Sunday after Trump threatened of "severe punishment" which spooked investors.

Where is Jamal Khashoggi?... But Mr Khashoggi's disappearance has led several business leaders and media outlets to back out of the upcoming investment conference in Riyadh called the Future Investment Initiative.

Saudis to blame death of missing journalist on interrogation gone wrong
On stage at Mipcom in Cannes on Monday, Endeavor CEO Ari Emanuel said he was "personally concerned" about the situation. Saudi Arabia hit back hard, warning that the kingdom would respond to any steps taken against itwith "greater action".

"We encourage joint Saudi-Turkish efforts in that regard, and expect the Saudi Government to provide a complete and detailed response".

He added that Saudi Arabia will not hesitate to form a joint investigation committee with Turkey to uncover the truth.

In an interview to be aired Sunday, Trump told CBS' "60 Minutes" that "We're going to get to the bottom of it and there will be severe punishment". Reportedly, the Turkish officials claim to be in possession of audio and video recordings of the journalist being interrogated, killed and then dismembered inside the consulate, however, no such recordings have been made public yet.

Khashoggi's vanishing, and the grisly allegations of his murder by Saudi authorities, are testing close ties between the Trump administration and its key Arab ally.

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