Saudi Arabia: 'There is nothing to mediate' in dispute with Canada

Toronto's CN Tower and the skyline

A source at a Saudi bank told Reuters the bank was contacted by the central bank on Wednesday afternoon asking for information about all their Canadian exposure - investments in Canada and foreign exchange positions.

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.

The fallout continues in the diplomatic dust-up between Canada and Saudi Arabia, with Riyadh issuing a laundry list of edicts to show its displeasure with criticism from Global Affairs Canada. "Both sides need to diplomatically resolve this together". " It subsequently froze all new trade agreements with Canada and gave the Canadian ambassador to Riyadh 24 hours to leave".

Jubeir added that Saudi Arabia was "considering additional measures" against Canada, without elaborating.

The first seeds of dissension were sown by a tweet from Canadian Foreign Affairs Minister Chrystia Freeland on Thursday which criticised Saudi's detainment of human right activists including Samar Badawi in Riyadh and called for their immediate release. Saudia Airlines has also announced it will suspend flights to and from Canada starting August 13.

Indonesian rescuers struggle to reach cut-off villages after deadly quake
In December 2004, a massive magnitude 9.1 quake off Sumatra triggered a tsunami that killed 230,000 people in a dozen countries. A man looks on around the buildings damaged by an natural disaster at Pamenang village, in North Lombok.

The Canadian dollar slid Wednesday after the Financial Times reported that Saudi Arabia had begun selling off its holdings of the country's bonds, stocks, and cash.

The Canadian currency dropped as much as 0.5 per cent to 76.21 USA cents after the Financial Times reported that the Saudi Arabia central bank and state pension funds have instructed their overseas asset managers to dispose of Canadian assets starting Tuesday. "Canada knows what it needs to do", he said. Annual Saudi-Canadian trade hovers around $4bn.

An earlier instance of his power wielding-the jailing of other women's rights activists-proceeded the lifting of Saudi's longstanding ban on female drivers in June.

"We have always said that the politicisation of human rights matters is unacceptable", Zakharova said.

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