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S&P: Negative Rating Actions Taken On Qatari Banks

• On June 7, 2017, S&P lowered its long-term sovereign credit rating on the State of Qatar to ‘AA-‘ and placed it on Credit Watch with negative implications. In S&P’s view, the moves by a group of governments to cut diplomatic ties and trade and transport links with Qatar will exacerbate the country’s external vulnerabilities

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Qatar is in Denial, Needs to Make a U-Turn: UAE Minister

By Leila Hatoum June 9 – DUBAI (Newsweek Middle East) – Qatar may soon find itself vulnerable in the face of regional and global threats, stripped from the protection of its Arab Gulf counterparts, if it decides to continue with its current policies, especially that the United States is also fed up with those policies,

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Al Jazeera Says Will Keep Editorial Independence in Gulf Dispute

By Tom Finn DOHA, June 8 – Qatar’s Al Jazeera will maintain its editorial independence despite a regional diplomatic crisis that has isolated the Gulf state, the Doha-based broadcasting network’s acting director-general said on Thursday. Mostefa Souag dismissed accusations by some Arab powers that Al Jazeera is interfering in their affairs through its reports. “All

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Qataris Banned from Flying Via UAE as Gulf Curbs Mount

By Saeed Azhar and Jamie Freed DUBAI/SYDNEY, June 7 – Qataris will no longer be allowed to land at any airports in the United Arab Emirates or catch connecting flights there as part of increased efforts by Arab powers to isolate the Gulf state. UAE airlines Etihad and Emirates announced the details of the travel

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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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Qatar Asking Turkey, Iran About Providing Food, Water

By Tom Finn DOHA, June 7 – Qatar is talking to Iran and Turkey about securing food and water supplies to stave off possible shortages two days after its biggest suppliers, the United Arab Emirates and Saudi Arabia, cut trade and diplomatic ties, a government official said on Wednesday. “We are in talks with Turkey

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UAE Says More Qatar Curbs Possible, Warns Against Iran Involvement

By William Maclean DUBAI, June 7 – More moves against Qatar, including further curbs on business, remain on the table in a row with Arab neighbours, the United Arab Emirates (UAE) said on Wednesday, warning against allowing its Gulf adversary Iran to exploit the unprecedented rift. In a Reuters interview, UAE Minister of State for

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UAE Bans Expressions of Sympathy Towards Qatar: Media

DUBAI, June 7 – The United Arab Emirates has banned people from publishing expressions of sympathy towards Qatar and will punish offenders with a jail term of up to 15 years, the UAE-based newspaper Gulf News and pan-Arab channel Al-Arabiya reported on Wednesday. The United Arab Emirates, along with several other powerful Arab states, severed

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Pakistan Airline Seeks to Help Passengers Stranded in Qatar

By Syed Raza Hassan KARACHI, Pakistan, June 6 (Reuters) – Pakistan International Airlines (PIA) is in talks to bring back Pakistani passengers of Qatar Airlines stranded in Doha after Saudi Arabia and four other Arab countries cut off ties with Qatar, an official said on Tuesday. The Pakistani passengers were supposed to fly to Saudi

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Oil Slips on Worries Mideast Rift Could Undermine OPEC Cuts

By Christopher Johnson LONDON, June 6 – Oil prices fell further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to tighten the market. Benchmark Brent crude oil was 15 cents a barrel lower at $49.32 by 0755

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