The disappearance of Saudi journalist Jamal Khashoggi is hitting the Saudi economy.
Stocks plunged almost 7 percent in early trading on Sunday, wiping out all the gains it had made since the start of the year.
The fall comes a day after U.S. President Donald Trump threatened ‘severe punishment’ if Saudi Arabia was found to be responsible for Khashoggi’s disappearance, but Riyadh warned it would retaliate if economic sanctions are imposed on it.
As pressure mounts on Saudi Arabia, several U.S. media organisations and business leaders have pulled out of a major investment conference in Riyadh
What was dubbed “Davos in the desert” is supposed to promote Saudi Crown Prince Mohammed bin Salman’s reform vision for the Kingdom.
So, where does that leave all his plans?
Presenter: Imran Khan
Khalid Al Khater, economist and researcher at the Institute for New Economic Thinking at the University of Cambridge
Naeem Aslam, Chief market analyst at ThinkMarkets
Imad Harb, Director of Research and Analysis at the Arab Center Washington DC
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
#aljazeeraenglish #Khashoggi #SaudiArabia