President Donald Trump said the US would be "foolish" to cancel large arms deals with Saudi Arabia over the disappearance of Jamal Khashoggi. Pool via Bloomberg
President Donald Trump said the US would be "foolish" to cancel large arms deals with Saudi Arabia over the disappearance of Jamal Khashoggi. Pool via Bloomberg

Saudi Arabia says will reject ‘any threats’ after Donald Trump comments



Saudi Arabia on Sunday said it would reject “any threats” to the kingdom and vowed that it would retaliate with consequences for the world economy after international warnings regarding the disappearance of journalist Jamal Khashoggi in Turkey.

The statement came after US President Donald Trump said “severe” punishment awaits those responsible if the journalist is found dead.

"The kingdom affirms its total rejection of any threats or attempts to undermine it whether through threats to impose economic sanctions or the use of political pressure," an official source said, quoted by state news agency SPA.

The unnamed source said Riyadh would “respond to any action with a bigger one,” pointing out that the oil superpower “plays an effective and vital role in the world economy”.

On Wednesday, a bipartisan group of US legislators triggered a human rights investigation into Mr Khashoggi's disappearance that could result in sanctions if he is found to have been killed.

Turkish President Recep Tayyip Erdogan has publicly demanded that Saudi Arabia provide evidence that the Saudi reporter, who had US residency, left its consulate in Istanbul safely on October 2 as Riyadh has stated. He was last seen entering the compound and authorities are yet to provide visual evidence of his leaving the consulate.

His fiance, in an op-ed for the New York Times on Saturday, says he has at least been detained and is still awaiting the findings of any investigation.

“I keep asking the same questions to myself: Where is he? Is he alive? If he is alive, how is he?” she wrote.

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Turkish Foreign Minister Mevlut Cavusoglu said Saudi Arabia had not yet cooperated with Turkey on the search for Mr Khashoggi. He said Turkish “prosecutors and experts must enter” the consulate “and Saudi Arabia must cooperate with us on this”.

This comes as a Saudi team has reportedly arrived in Turkey to assist in the investigation, a move praised by officials in Riyadh.

Mr Trump, in an interview with CBS, made his strongest statements about the case of the missing Washington Post reporter in initial excerpts released from the interview.

“As of this moment, they deny it, and they deny it vehemently. Could it be them? Yes,” he said.

Mr Trump said he would meet with Mr Khashoggi's family.

Saudi Crown Prince Mohammed Bin Salman denied that anything happened to Mr Khashoggi at the consulate in a public interview with Bloomberg.

“The premises are sovereign territory, but we will allow them to enter and search and do whatever they want to do,” Prince Mohammed said in an interview with Bloomberg on Wednesday at a royal palace in Riyadh. “We have nothing to hide.”

The allegations surrounding the reporter’s disappearance has led to several companies and high profile individuals pulling out of a high-level summit in Riyadh next week. A number of local business leaders are expected to step in to fill gaps at the meet.

But Mr Trump has appeared reluctant to interrupt important deals between Washington and Riyadh.

He said in his CBS interview that "we would be punishing ourselves" by cancelling arms sales to Saudi Arabia, which his administration touted on his first overseas trip.

The sale is a “tremendous order for our companies,” and if the kingdom doesn't buy its weaponry from the United States, they will buy it from others, he said

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
The biog

Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza

Hobby: Running and watching Welsh rugby

Travel destination: Cyprus in the summer

Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5