Khashoggi Scandal: Analysts Blame Saudi Ties for SoftBank Share Drop

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Cengiz said Khashoggi fled Saudi Arabia with two suitcases for the U.S. "amid a crackdown on intellectuals and activists who criticized Crown Prince Mohammed bin Salman".

The CEO of the us bank JP Morgan has already announced that he wouldn't make it the "Davos of the desert" and several media outlets, including the Financial Times, the New York Times, The Economist, Bloomberg and CNN have chose to snub this event.

Prominent Saudi journalist Jamal Khashoggi.

Investment in sport has proved a viable option for those two oil-rich gulf states looking to project soft power and improve the global prestige of their nations overseas and, it's claimed, Saudi Arabia are set to look to do the same. It has been hit by cancellations since news emerged that Mr Khashoggi, a critic of his home country and writer for the Washington Post, has not been seen since visiting the Saudi consulate in Istanbul.

In a joint statement Mr Hunt, his French counterpart Jean-Yves Le Drian and Germany's Heiko Maas said whoever was responsible for Khashoggi's disappearance must be held to account.

"There's something really awful and disgusting about that, if that was the case, so we're going to have to see", Mr Trump said.

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"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", the statement said.

"The Kingdom's economy has an influential and vital role in the global economy and its economy is affected only by the impact of the global economy".

The statement did not elaborate. During a, to discuss "potential cooperation between American tech companies and Saudi Arabia", the prince did away with his traditional white robes as he met with executives and investors. Benchmark Brent crude is trading at around $80 a barrel, and Mr Trump has criticized OPEC and Saudi Arabia over rising prices. Turning a blind eye to the human rights abuses of Saudi Arabia is no way of "changing the world". The Saudi writer, who lives in the USA, disappeared in early October after entering the Saudi consulate in the Turkish city of Istanbul.

Several individuals and major businesses have distanced themselves from Saudi Arabia and Crown Prince Mohammed Bin Salman, further isolating the Middle East powerhouse that vehemently denies involvement in Khashoggi's alleged murder.

In response to Khashoggi's disappearance, media organizations and some technology executives pulled out of the Riyadh investment conference scheduled for next week.

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