• $450 Billion in Investments at Stake in Saudi Crisis, Trump Says

    29 days ago - By Fortune

    President Donald Trump said $450 billion in investments are at stake as Congress raises pressure on him to punish Saudi Arabia for the presumed death of journalist Jamal Khashoggi, and he promised to involve lawmakers in any U.S. response.
    Sanctions "could be considered," he said.
    Trump has previously said he opposes canceling what he says is a $110 billion deal for U.S. weaponry the Saudis intend to buy. But he cited a figure four times that in remarks on Thursday, apparently assigning a specific price tag to a package of vague deals and commitments signed with the Saudis when Trump...
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  • Saudi Arabia's reputation has taken another hit over the death of a journalist - and its economy may be next

    Saudi Arabia's reputation has taken another hit over the death of a journalist - and its economy may be next

    30 days ago - By Business Insider

    There is mounting evidence suggesting Saudi Arabia was complicit in the death of a Washington Post journalist.
    It isn't clear whether the US would impose sanctions if an investigation reaches that conclusion.
    But the affair may have already damaged the reputation of the kingdom, according to experts.
    As evidence suggesting Saudi Arabia was involved in the death of Washington Post journalist Jamal Khashoggi mounts, investors are pulling out of a major investment conference in Riyadh left and right. And experts say that may be just the start of economic troubles for the kingdom.
    Jason Tuvey...
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