Egypt

Saudi, Qatar Ministers Spar Over Arab Nations’ Demands

WASHINGTON, June 28 – Saudi Foreign Minister Adel al-Jubeir said on Tuesday that there would be no negotiations over demands by the kingdom and other Arab states for Qatar to stop supporting terrorism. Doha retorted that the allegations against it and demands were baseless and unacceptable. Qatar has previously also said the demands were aimed

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Qatar Riyal FX Market in Chaos But Bankers Believe Peg Still Solid

DUBAI/ABU DHABI, June 28 – Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid. The riyal has been increasingly volatile in the spot market

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Egyptian Policeman Sentenced to 10 Years for Killing Activist

CAIRO, June 19 – An Egyptian criminal court on Monday sentenced a policeman to 10 years in prison for killing an activist during a march marking the fourth anniversary of a 2011 uprising, judicial sources told Reuters. First Lieutenant Yaseen Hatem was charged in March 2015 with action that “led to the death” of Shaimaa

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UAE’s Gargash: Qatar Isolation Could Last for Years

By John Irish PARIS, June 19 – A senior United Arab Emirates (UAE) official said on Monday Qatar’s powerful Arab neighbours could continue to isolate it “for years” if it did not alter its foreign policy and said a list of their grievances would be completed in the next days. Saudi Arabia, the United Arab

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Qatar Can Defend Economy and Currency: Finance Minister

DUBAI, June 12 – Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday. He added that the countries which had imposed sanctions would also lose money because of the damage to business in the region.

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Turkey to Fast-Track Draft Bill Approving Troop Deployment in Qatar

ANKARA, June 7 – Turkey’s parliament is expected to fast-track on Wednesday a draft bill allowing its troops to be deployed to a Turkish military base in Qatar, officials from the ruling AK Party and the nationalist opposition said. The move appears to support the Gulf Arab country as it faces diplomatic and trade isolation

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FIFA “In Contact” with Qatar Over 2022 World Cup

ZURICH, June 5 – Soccer’s governing body FIFA said it was in “regular contact” with the organising committee of the 2022 World Cup in Qatar on Monday though it did not comment directly on the diplomatic situation involving the Gulf State. Saudi Arabia, Egypt, the United Arab Emirates and others severed ties with Qatar on

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Some Egyptian Banks Halt Dealings With Qatari Banks After Rupture

By Asma Alsharif CAIRO, June 5 – Some Egyptian banks halted dealings with Qatari banks on Monday, four Cairo-based bankers said, responding to Cairo’s announcement that it had cut ties with Qatar, accusing it of supporting terrorism. Egypt’s action, announced in the early hours of Monday, was coordinated with similar moves by Saudi Arabia, the

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Oil Prices Gain as Saudi Arabia Cuts Ties with Qatar

By Stephen Eisenhammer LONDON, June 5 (Reuters) – Oil rose on Monday after top crude exporter Saudi Arabia and other Arab states cut ties with Qatar, driving up prices on concerns over increased tension in the Middle East. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain closed transport links with top liquefied natural gas

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