The curious case of Jamal Khashoggi, a Saudi Arabian journalist, author and Washington Post columnist, who disappeared after entering the Saudi consulate office in Istanbul, and now, it is said he has been brutally killed by authorities inside the consulate.
Well, I'm not interested in politics, except the parts which interact with economy (and which parts are left?!)
The story is complicated. not because this is the first time such thing happen, or not because it was more brutal than what China, N. Korea, Iran, Myanmar, Turkey and even US power holders has done to their critics and opposition. the story is more complicated because:
- US is about to impose the heaviest sanctions on Iran, which will have an impact on Oil prices
- Saudi is the key to decrease such impact by pumping more oil to the shore
- Saudi is the biggest weapon customer for US and Trump really needs that hype in the media and economy
and if you get deeper to the issue:
- Saudi's economy is very dependent on Oil and this was about to change
So the new King, Mohammad Bin Salman (MBS) started:
Davos in the Desert
An economy forum or summit, hosted by Ritz Carlton hotel, nicknamed “Davos in the Desert,” the conference has lofty aspirations as a magnet for financiers, corporate titans, technology executives, government leaders and media bigwigs.
But nowadays, The luxury hotel chain is silent over the alleged killing of Jamal Khashoggi as it gets ready to host the event for the Saudi government. This silence, starts behind these doors:
image source
But it is not seemingly to stop right there, as the crown prince (let's say King) of Saudi likes.
Saudi Arabian stock market (of a value of $450 billion) were dramatically down by 9% of its total value at the beginning of the week, as investors worried about the case of Khashoggi.
And international companies which were attendees in the event, are dropping out. companies like JPMorgan Chase, Ford, Uber, media companies like Financial Times, Bloomberg and The New York Times and the list goes on in to politicians from EU, US and UK.