Siemens CEO Joe Kaeser
Siemens Chief Executive Joe Kaeser said on Monday that he would not attend the Future Investment Initiative conference in Saudi Arabia, following the killing of journalist Jamal Khashoggi.
"Siemens is a reliable and committed partner of The Kingdom and its VISION 2030. But for now, truth needs to be found out and justice applied," Kaeser said on Twitter.
SIEMENS is a reliable and committed partner of The Kingdom and its VISION 2030. But for now, truth needs to be found out and justice applied. Why I am not going to attend #FII2018, read my thoughts here https://t.co/SLnSMu6dvq
In a statement on his motivation not to travel to the conference, which posted on his LinkedIn account, Kaeser said that he had received many e-mails urging him not to go and that only two people recommended the opposite.
A leading Republican U.S. senator said on Sunday he believed Saudi Crown Prince Mohammed bin Salman was responsible for the death of dissident journalist Jamal Khashoggi, and the Saudis have lost all credibility in their explanations of his death."Yes, I think he did it," Senator Bob Corker, chairman of the Senate Foreign Relations Committee, said in an interview with CNN's "State of the Union." Kremlin says we want answers from Washington over arms treaty plan
US senator Corker says he believes Saudi crown prince ordered Khashoggi death
Foreigners sold a net 4.01 billion riyal ($1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday - one of the biggest selloff since the market opened to direct foreign buying in mid-2015.The selloff came during a week when investors were rattled by Saudi Arabia's deteriorating relations with foreign powers following the disappearance of journalist Jamal Khashoggi.Riyadh said on Saturday that Khashoggi died in a fight inside its Istanbul consulate, its first acknowledgement of his death after denying for two weeks that it was involved in his disappearance.A breakdown of the data showed foreigners sold 5 billion riyals worth of stocks and bought 991.3 million worth.The Saudi stock market is down about 4 percent since Khashoggi's disappeared. The market had started to weaken before the incident as foreign funds slowed their buying after MSCI's announcement in June that the kingdom will be included in its global emerging market benchmark next year.As of Sunday, the Saudi index was up 5 percent so far this year, but down 5 percent this quarter.($1 = 3.7518 riyals) 
Foreigners sold net $1.1 bln of Saudi stocks in week to Oct 18