Saudi leadership, Pompeo agree ‘thorough, transparent investigation’ into Khashoggi disappearance

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US Secretary of State Mike Pompeo met with King Salman in the Saudi capital on Tuesday. (SPA)
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Pompeo met with Crown Prince Mohammed bin Salman at Riyadh’s royal palace. (SPA)
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US Secretary of State Mike Pompeo met with King Salman in the Saudi capital on Tuesday. (SPA)
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Pompeo met with Crown Prince Mohammed bin Salman at Riyadh’s royal palace. (SPA)
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The US chief diplomat was greeted at Riyadh airport by Saudi Foreign Minister Adel al-Jubeir and ambassador to Washington Prince Khalid bin Salman. (SPA)
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US Secretary of State Mike Pompeo met with King Salman in the Saudi capital on Tuesday. (SPA)
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The US chief diplomat was greeted at Riyadh airport by Saudi Foreign Minister Adel al-Jubeir and ambassador to Washington Prince Khalid bin Salman. (SPA)
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The US chief diplomat was greeted at Riyadh airport by Saudi Foreign Minister Adel al-Jubeir and ambassador to Washington Prince Khalid bin Salman. (SPA)
Updated 17 October 2018

Saudi leadership, Pompeo agree ‘thorough, transparent investigation’ into Khashoggi disappearance

  • Pompeo thanked King Salman for his commitment to a thorough, transparent investigation
  • The crown prince assured Pompeo that the US and Saudi Arabia are "old, strong allies"

RIYADH: US Secretary of State Mike Pompeo flew into Riyadh on Tuesday for talks with King Salman of Saudi Arabia and Crown Prince Mohammed bin Salman on the case of the missing Saudi journalist Jamal Khashoggi.

Pompeo had a brief meeting with the king before a lengthy, 40-minute discussion with the crown prince. “We are strong and old allies. We face our challenges together,” the crown prince said as he warmly welcomed Pompeo to the Saudi capital. Later Prince Mohammed also discussed the investigation in a phone conversation with US President Donald Trump.

Saudi Minister of Foreign Affairs Adel Al-Jubeir also had talks with Pompeo. “The secretary and the foreign minister agreed on the importance of a thorough, transparent, and timely investigation,” State Department spokeswoman Heather Nauert said later.

Pompeo will travel to Turkey on Wednesday to meet Turkish Foreign Minister Mevlut Cavusoglu.

Khashoggi, a Saudi citizen who lived in the US, disappeared on Oct. 2 after visiting the Saudi Consulate in Istanbul to complete paperwork related to his divorce. Saudi Arabia and Turkey have set up a joint team to investigate the disappearance.

Officers from the team searched the consulate in Istanbul for eight hours overnight on Monday, and left at 5 a.m. on Tuesday.


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”