Saudi FM says 'nothing to mediate' in dispute with Canada
08 August, 2018, 22:11 | Author: Donnie King
Saudi Arabia's central bank has instructed its fund managers to sell off their Canadian holdings, three people familiar with the matter said, the latest move in a widening diplomatic row that has also hit trade between the two countries as well as Saudi students studying overseas. "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".
The university believes about 90% of those students are on affected scholarships.
Canada says it does not know what will happen to a $13 billion defence contract to sell Canadian-made General Dynamics Corp armoured vehicles to Saudi Arabia.
"The matter is not about human rights; it is a matter of national security", the minister said.
The Saudi government on Wednesday ordered some 16,000 Saudi students in Canada to pack their stuff and made arrangements for their relocation, whether they received government funding or not.
Jubeir added that the kingdom was still "considering additional measures" against Canada.
The UK also expressed "strong" support for human rights, and said it "regularly" raises concerns with the kingdom, but did not mention the specific case of the Badawis.
"It's up for the government of Saudi Arabia and the Canadians to work this out", said Heather Nauert, a spokesperson for the state department, on Tuesday. A Saudi airline has also interrupted flights to the North American country.
Capital punishment continues to be a legal penalty in Saudi Arabia and the country performed 158 executions in 2015, 154 in 2016 and 146 in 2017.
The European Commission said it's seeking clarification about the arrest of activists in Saudi Arabia.
Saudi neighbours Bahrain and the United Arab Emirates have voiced solidarity with Riyadh, according to media reports. Saudi holdings of Canadian dollar reserves are between $10 billion and $25 billion, with the upper end of that estimate representing 10 per cent of daily Canadian dollar volumes, according to estimates from the Canadian Imperial Bank of Commerce.
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Foreign Minister Adel Al-Jubeir, speaking at a news conference in Riyadh, said there was no need for mediation in the dispute.
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There also was no indication of any "external influence", he said, indicating that authorities don't suspect foul play. He said officials have essentially ruled out a collision with another aircraft or hitting an obstacle such as a wire.
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