Erdoğan, Saudi King discuss Khashoggi case over phone

Saudi stocks have lost all of their gains for 2018

Over the weekend, US President Donald Trump vowed "severe punishment" if it were proven that Saudi Arabia killed Khashoggi, and sent Secretary of State Mike Pompeo to the kingdom on Monday to discuss the incident.

Endeavor Content is considering withdrawing from a $400 million Saudi investment in the company, following the disappearance - and suspected murder - of Saudi journalist Jamal Khashoggi.

The king also said Turkey and Saudi Arabia enjoy close relations and "that no one will get to undermine the strength of this relationship", according to a statement on the state-run Saudi Press Agency.

On stage at Mipcom in Cannes on Monday, Endeavor CEO Ari Emanuel said he was "personally concerned" about the situation.

Unverified clams by the pro-government Turkish newspaper Sabah suggested that the country's authorities had audio from inside of the embassy recorded by Mr Khashoggi's Apple Watch.

The government of Saudi Arabia on Sunday vowed to retaliate with "greater action" if the Trump administration follows through on punishing that country for its alleged involvement in the apparent murder of a dissident earlier this month, Fox News reported.

Media captionCCTV footage shows missing Saudi journalist Jamal Khashoggi entering the Saudi consulate in Istanbul.

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Turkey and Saudi Arabia to jointly inspect consulate in disappearance row
The kingdom has called such allegations "baseless" but has not offered any evidence Khashoggi ever left the consulate. Foreign minister Jeremy Hunt has called on Saudi Arabia to explain what happened to Khashoggi.

Western diplomats have expressed private concern that Saudi Arabia could have used the lengthy interim since 2 October to remove any traces of Khashoggi's interrogation by Saudi officials. If the Saudi economy does suffer happen, Ulrichsen said that would hit bin Salman "where it really hurts".

Speaking on Twitter, Mr Trump said: "Just spoke to the King of Saudi Arabia who denies any knowledge of whatever may have happened "to our Saudi Arabian citizen". "I don't like stopping an investment of $110 billion in the United States". Democratic lawmakers criticized Trump for using the term "rogue killers".

Prince Mohammed, 33, a son of King Salman, consolidated his control in June 2017 when he was named Crown Prince to replace his cousin, Mohammed bin Nayef, who was sacked.

But he has said repeatedly that he does not want to halt a proposed $110 billion arms sale to Saudi Arabia - as some in Congress have said he should - because it would harm the U.S. economically.

"It has been 13 days since the event, so surely proving some of the evidence might be hard, but we believe we will obtain evidence", the Turkish official said. Khashoggi's body was reportedly dismembered and smuggled out of the consulate building. The Arab News published a front-page editorial by Dubai-based real-estate tycoon Khalaf al-Habtoor that urged Gulf Arab nations to boycott worldwide firms now backing out of the investment conference later this month.

A demonstrator dressed as Crown Prince Mohammed bin Salman protests outside the Saudi Embassy in Washington, DC, on October 8, 2018.

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