Saturday, 20 October, 2018

Canadian dollar falls after Saudi Arabia reportedly sells off assets

Canada Seeks Help From Allies To Cool Saudi Dispute US Offers No Aid Saudi Arabia-Canada spat hits 16,000 students as the Kingdom suspends scholarships
Leonard Rios | 08 August, 2018, 22:13

Saudi Arabia has refused to back down from its escalating diplomatic dispute with Canada, saying that Ottawa knows what it needs to do to "fix its big mistake". A few days later, Saudi Arabia announced the suspension of state airline flights to Canada and the withdrawal from Canadian universities of all Saudi students.

The Kingdom of Saudi Arabia put a man to death on a cross in the holy city of Mecca on Wednesday, while waging a public relations battle to call out alleged human rights violations in Canada.

Saudi Arabia on Sunday froze new trade with Canada and expelled the Canadian ambassador in retaliation for Ottawa's call to free arrested Saudi civil society activists.

Saudi Arabia is considering additional measures against Canada amid reports it plans to unload its holdings of Canadian stocks and bonds as a dispute over women's rights activists intensifies.

Several countries have expressed support for Saudi Arabia, including Egypt and Russian Federation, which both told Ottawa it was unacceptable to lecture the kingdom on human rights.

Saudi media took a decidedly dark turn on Monday when it appeared to threaten Canada with a 9/11-style attack by tweeting a harshly worded infographic with an image of an airliner flying towards Toronto's skyline.

Matteo Kovacic set to sign on loan from Real Madrid
Modric then went into the World Cup in buoyant move, and he managed to lead his Croatian side to the World Cup final. If Modric does want to leave, it would take quite an offer for him to do so.

European companies 'protected' from USA sanctions following Iran nuclear row
The European Union has sought to salvage the nuclear deal and provide legal cover for its companies to continue operating in Iran. In a statement on Monday just hours before the sanctions went back into force, Trump said: "The Iranian regime faces a choice".

Charlotte Rae Dead: ‘The Facts Of Life’ Star Sadly Dies At 92
Both shows were wildly successful between the late '70s and mid-'80s - but they were just a small slice of her long career. Rae is survived by her sister , her son, and several grandchildren and great-grandchildren.

Canada plans to seek help from the UAE and Britain to defuse an escalating dispute with Saudi Arabia, sources said on Tuesday, but close ally U.S. made clear it would not get involved.

Saudi Arabia's diplomatic row with Canada is showing no signs of slowing.

Inflows slowed in recent years mainly due to low oil prices, but regional turmoil doesn't help, critics of the government say. "I don't think, understanding Saudi Arabia's foreign policy, that they're going to climb down from this, so we're at an impasse". It stopped medical treatment of Saudis in Canada and made arrangements to bring home Saudi patients.

The dispute looks set to damage what is a modest bilateral trade relationship worth almost $4 billion a year.

Saudi Arabia's main state wheat buying agency told grains exporters it will no longer accept Canadian-origin grains in worldwide tenders, European traders said. Saudi Arabia has invested about $6 billion in Canadian businesses since 2006, data compiled by Bloomberg show.

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