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10/12, 11:46 AM (Source: TeleTrader.com)
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World Bank chief to skip Riyadh conference amid Khashoggi affair

President of the World Bank, Jim Yong Kim (pictured) will skip the high profile "Future Investment Initiative" conference in Riyadh amid Saudi Arabia's alleged role in the disappearance of Washington Post journalist Jamal Khashoggi, a World Bank official said on Friday. "President Kim has previously informed the Saudi authorities that he will not be attending the Future Investment Initiative," the official said. However, the bank failed to clearly state whether Kim's absence has anything to do with Khashoggi's disappearance.

Khashoggi, a strong critic of Saudi Arabia's crown prince Muhammed bin Salman, was last seen on October 2 when he entered the Saudi consulate in Istanbul to obtain divorce papers. The Turkish government ordered an investigation into his disappearance after reports emerged that the journalist might have been killed in the building by a 15-man assassination squad that arrived in Turkey the same day. Earlier today, it was reported that Ankara has audio and video recordings that prove Khoshaggi's murder.

Riyadh's alleged role in Khashoggi's disappearance caused a wide backlash among political and business leaders, with the President of the United States Donald Trump voicing his concern about the incident, while Turkish President Recep Tayyip Erdogan said that his country cannot remain silent on the matter. Meanwhile, billionaire investor Richard Branson decided to suspend investment talks with the Saudi government over the allegations, while Uber CEO Dara Khosrowshahi said he would pull out from the same conference World Bank president was about to attend. However, Saudi officials continue to deny any involvement in Khashoggi's disappearance.

Breaking the News / FH