Thursday, 23 November, 2017

Qatari Emir to meet Turkey's Erdogan in Ankara - Turkish presidency

The Qatar Central Bank is effectively bailing the country's economy out as the Saudi-led blockade continues  The Qatar Central Bank is effectively bailing the country's economy out as the Saudi-led blockade continues 
Lillian Steele | 15 September, 2017, 00:54

Rising debt, increased debt issuance from other GCC states, and rising USA interest rates had put pressure on Bahrain's financing costs since 2014, Moody's said.

The four have also insisted that Doha scales down its relations with Iran, as part of conditions to renew relations.

On Tuesday, Qatar's Minister of State for Foreign Affairs Soltan bin Saad al-Muraikhi took the podium at the event in the Egyptian capital, Cairo, to denounce what he called a "vicious media campaign" against his country "waged by rabid dogs backed by some regimes".

Rating agency Moody's said in a report released Wednesday that the three-month-old diplomatic dispute between Qatar and other Arab states has created uncertainty across the Gulf region and could negatively affect the credit outlook of all the countries involved.

"All these policies have forced us to take these measures for the benefit of Qatar on one hand and our security and stability on the other", he said citing that there are several Arab and global bodies which had condemned these actions carried out by Qatar.

Saudi Arabia hit back through the voice its Arab League envoy, Ahmed al-Qattan, who said "Congratulations to Iran and soon, God willing, you will regret it", MEMO reports. Al-Muraikhi said that the list of demands presented by the boycotting countries is impossible to come into effect as it is an explicit violation of the sovereignty of Qatar.

He added that "the coming days will prove them wrong because we know that the Qatari people will never accept the Iranians to play a role in Qatar".

UAE's Gargash said the Gulf crisis continued "due to Qatar's unwillingness for peace".

It denies supporting extremist groups and says the crisis is politically motivated. However, Mr Muraikhi used his opening speech...

During the meeting, the representatives of Egypt, Saudi Arabia, the United Arab Emirates (UAE) and Bahrain accused Qatar of financing terror groups and interfering in other countries' domestic affairs.

Qattan said that Qatar had given its first hope to end the crisis with the four countries after the telephone call between Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, and the emir of Qatar. Qatari foreign minister said on July 31 that the crisis should be solved through diplomacy without touching Qatar's sovereignty and made it clear that Qatar will not accept any demands that are not in line with worldwide law.

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