Turkish and Saudi Leaders Discuss Khashoggi Disappearance

A Turkish security source has told the BBC that officials had audio and video evidence proving Mr Khashoggi, who wrote for the Washington Post, was murdered inside the consulate.

More major players in worldwide finance and industry are pulling out of a high-profile business conference in Saudi Arabia in the wake of reports that a Saudi writer critical of the government disappeared and is feared dead after entering a Saudi consulate in Turkey. The three-day event will be held next week and is also meant to showcase Prince Mohammed bin Salman's modernization plan for the desert kingdom.

Mr Khashoggi "promised me to sponsor the project and I guess they could listen in to those conversations", he said.

However, he told CBS News on Saturday that the U.S. was investigating the case which he called "really bad and disgusting" and that "there will be severe punishment".

Egyptian Foreign Ministry's Spokesman, Ahmed Hafez, issued a statement Sunday expressing Egypt's concerns over the storm of hype made by the disappearance of Saudi journalist Jamal Khashoggi.

In a statement by the Saudi Press Agency, the government denied any involvement: "The Kingdom affirms its total rejection of any threats and attempts to undermine it, whether by waving economic sanctions, using political pressure, or repeating false accusations".

FILE - In this October 7, 2008 file photo, the shadow of a Saudi trader is seen on a stock market monitor in Riyadh, Saudi Arabia.

British billionaire Richard Branson has pulled back from two projects to develop Red Sea tourism and has suspended talks with the Saudi government about a $1 billion investment in his space companies.

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

Turkish President Recep Tayyip Erdogan and Saudi Arabia's King Salman bin Abdulaziz discussed Saudi journalist Jamal Khashoggi's disappearance over a phone call on Sunday night.

Ford Motor Co. confirms that Executive Chairman Bill Ford will not attend.

US President Donald Trump said on Saturday there would be "severe punishment" for Saudi Arabia if it turned out that Khashoggi was killed in the consulate.

Rubio said the relationship with Saudi Arabia extends far beyond arms sales, calling the kingdom an important part of the US strategy in the Middle East.

Treasury Secretary Steven Mnuchin is still scheduled to attend the October 23 Future Investment Initiative in Saudi Arabia, White House economic adviser Larry Kudlow told Fox News. "If Khashoggi was killed or harmed or whatever, bad outcome.he [Trump] will take action", Kudlow told Fox News. The market clawed back a little, but closed 3.5% down for the day.

The index suffered its biggest intraday decline since December 2014, when oil prices were crashing, with the Gulf region's biggest petrochemical producer, Saudi Basic Industries, tumbling as much as 7.9 percent, Reuters said.