Carousel

Sponsored Links

Looking for House and Lot Within Tagaytay Area? CONTACT US!

Name

Email *

Message *

Showing posts with label Egypt. Show all posts
Showing posts with label Egypt. Show all posts

Monday, July 03, 2017

Qatar's Riyal In Trouble? Qatar Central Bank is Trying To Keep Its Value Up

Reports are coming in that numerous banks and currency exchanges outside Qatar are refusing to deal in Qatari riyals amid the ongoing diplomatic spat in the Gulf. Several Qatari nationals and residents traveling in Europe, the US and Asia have contacted news agencies saying they have been unable to exchange Qatari currency in the countries they were visiting. However, not all banks in all countries are affected. Exchanges in Jordan and Lebanon, for example, are still operating normally. Many exchange houses in the Gulf reportedly stopped accepting riyals early on in the crisis, and just last week, global institutions have followed. Among countries confirmed as having orders to avoid the currency include the United States, UK, Thailand, India, Sri Lanka, Pakistan, and the Philippines - the last four having a significant number of expat workers in Qatar. The governments of some of these countries deny that there is an official order to refuse trade in Qatari riyals, however, there is also no memo to say that the banks and exchanges cannot refuse either. In early June, Qatar's Gulf neighbours Saudi Arabia, UAE, Bahrain and Egypt ceased air, sea and land links with the country, which has been accused of funding terrorism. Qatar denies the claim. One effect of the diplomatic crisis in the gulf region is that the Qatari riyals is now unprofitable for many banks. This is because the currency recently depreciated against the US dollar, which it has been pegged to since July 2001. The Qatar Central Bank (QCB) attempts to keep the riyal fixed at around 3.64 per dollar. But it recently reached 3.76 – its weakest level on record. The Post Office, one of the UK’s main operators of currency-exchange services, said it took the decision to “temporarily” stop trading in riyals on June 5. Other UK foreign exchange services ceased trading Qatar riyals from 21 June. The currency is no longer available for sale or buy-back across branches of Barclays, RBS, Lloyds Banking Group and Tesco Bank. However, currency supplier Travelex said trading in riyals had only been suspended in some markets due to "business challenges" and that it announced it has resumed purchasing Qatar riyal globally. Western Union and UAE Exchange have issued responses that they will continue to trade in Qatari riyals. For the millions of foreign workers in Qatar, transferring money back home is also taking longer because new routes are being found. The increasing volatility of the currency outside the country also means that the income of foreign workers are becoming smaller as the value of the riyal falls. But the The world's biggest liquefied natural gas exporter has huge dollar reserves with which it could use to defend its currency against devaluation. The Qatari central bank declared in the early hours of June 10 that it would guarantee all dealings for customers inside and outside Qatar. However, expat workers are still affected. An an example, two exchange houses in Dubai said they would buy 1,000 Qatari riyals for only 710 or 720 UAE dirhams – far below the 970 dirhams which they offered before the crisis. That is a 25% loss in value. Are you an expat working or living in Qatar? Have you had similar experience in dealing with banks or exchange rates. Please comment and let others know.





Reports are coming in that numerous banks and currency exchanges outside Qatar are refusing to deal in Qatari riyals amid the ongoing diplomatic spat in the Gulf. Several Qatari nationals and residents traveling in Europe, the US and Asia have contacted news agencies saying they have been unable to exchange Qatari currency in the countries they were visiting. However, not all banks in all countries are affected. Exchanges in Jordan and Lebanon, for example, are still operating normally.

Many exchange houses in the Gulf reportedly stopped accepting riyals early on in the crisis, and just last week, global institutions have followed.

Among countries confirmed as having orders to avoid the currency include the United States, UK, Thailand, India, Sri Lanka, Pakistan, and the Philippines - the last four having a significant number of expat workers in Qatar.

The governments of some of these countries deny that there is an official order to refuse trade in Qatari riyals, however, there is also no memo to say that the banks and exchanges cannot refuse either.



In early June, Qatar's Gulf neighbours Saudi Arabia, UAE, Bahrain and Egypt ceased air, sea and land links with the country, which has been accused of funding terrorism. Qatar denies the claim.

One effect of the diplomatic crisis in the gulf region is that the Qatari riyals is now unprofitable for many banks. This is because the currency recently depreciated against the US dollar, which it has been pegged to since July 2001. The Qatar Central Bank (QCB) attempts to keep the riyal fixed at around 3.64 per dollar. But it recently reached 3.76  – its weakest level on record.
Reports are coming in that numerous banks and currency exchanges outside Qatar are refusing to deal in Qatari riyals amid the ongoing diplomatic spat in the Gulf. Several Qatari nationals and residents traveling in Europe, the US and Asia have contacted news agencies saying they have been unable to exchange Qatari currency in the countries they were visiting. However, not all banks in all countries are affected. Exchanges in Jordan and Lebanon, for example, are still operating normally. Many exchange houses in the Gulf reportedly stopped accepting riyals early on in the crisis, and just last week, global institutions have followed. Among countries confirmed as having orders to avoid the currency include the United States, UK, Thailand, India, Sri Lanka, Pakistan, and the Philippines - the last four having a significant number of expat workers in Qatar. The governments of some of these countries deny that there is an official order to refuse trade in Qatari riyals, however, there is also no memo to say that the banks and exchanges cannot refuse either. In early June, Qatar's Gulf neighbours Saudi Arabia, UAE, Bahrain and Egypt ceased air, sea and land links with the country, which has been accused of funding terrorism. Qatar denies the claim. One effect of the diplomatic crisis in the gulf region is that the Qatari riyals is now unprofitable for many banks. This is because the currency recently depreciated against the US dollar, which it has been pegged to since July 2001. The Qatar Central Bank (QCB) attempts to keep the riyal fixed at around 3.64 per dollar. But it recently reached 3.76 – its weakest level on record. The Post Office, one of the UK’s main operators of currency-exchange services, said it took the decision to “temporarily” stop trading in riyals on June 5. Other UK foreign exchange services ceased trading Qatar riyals from 21 June. The currency is no longer available for sale or buy-back across branches of Barclays, RBS, Lloyds Banking Group and Tesco Bank. However, currency supplier Travelex said trading in riyals had only been suspended in some markets due to "business challenges" and that it announced it has resumed purchasing Qatar riyal globally. Western Union and UAE Exchange have issued responses that they will continue to trade in Qatari riyals. For the millions of foreign workers in Qatar, transferring money back home is also taking longer because new routes are being found. The increasing volatility of the currency outside the country also means that the income of foreign workers are becoming smaller as the value of the riyal falls. But the The world's biggest liquefied natural gas exporter has huge dollar reserves with which it could use to defend its currency against devaluation. The Qatari central bank declared in the early hours of June 10 that it would guarantee all dealings for customers inside and outside Qatar. However, expat workers are still affected. An an example, two exchange houses in Dubai said they would buy 1,000 Qatari riyals for only 710 or 720 UAE dirhams – far below the 970 dirhams which they offered before the crisis. That is a 25% loss in value. Are you an expat working or living in Qatar? Have you had similar experience in dealing with banks or exchange rates. Please comment and let others know.
Qatar's currency had a huge drop in value after several banks around the world refused to trade with it. Qatar's Central bank is keeping the value afloat using Qatar's massive dollar surplus.

The Post Office, one of the UK’s main operators of currency-exchange services, said it took the decision to “temporarily” stop trading in riyals on June 5. Other UK foreign exchange services ceased trading Qatar riyals from 21 June. The currency is no longer available for sale or buy-back across branches of Barclays, RBS, Lloyds Banking Group and Tesco Bank. However, currency supplier Travelex said trading in riyals had only been suspended in some markets due to "business challenges" and that it announced it has resumed purchasing Qatar riyal globally.

Western Union and UAE Exchange have issued responses that they will continue to trade in Qatari riyals. 




 For the millions of foreign workers in Qatar, transferring money back home is also taking longer because new routes are being found.

 The increasing volatility of the currency outside the country also means that the income of foreign workers are becoming smaller as the value of the riyal falls. But the The world's biggest liquefied natural gas exporter has huge dollar reserves with which it could use to defend its currency against devaluation. The Qatari central bank declared in the early hours of June 10 that it would guarantee all dealings for customers inside and outside Qatar.

 However, expat workers are still affected. An an example, two exchange houses in Dubai said they would buy 1,000 Qatari riyals for only 710 or 720 UAE dirhams – far below the 970 dirhams which they offered before the crisis. That is a 25% loss in value.

 Are you an expat working or living in Qatar? Have you had similar experience in dealing with banks or exchange rates. Please comment and let others know.


 sources: BBC, Arab News, Al Arabiya, Doha News



©2017 THOUGHTSKOTO

SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
Tags , , , , , , , , ,

Friday, June 23, 2017

Arab States Give Qatar 10 Days To Comply With These 13 Demands Or Else

Saudi Arabia and other Arab countries that have cut ties to Qatar issued a steep list of demands Thursday to end the diplomatic crisis which has been going on for weeks now. The list compiled by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain makes various demands relating to Qatari media and government policy, according to news agencies Reuters and the Associated Press. It was handed over to Qatar by Kuwait, which is mediating in the ongoing dispute. There are a total of 13 demands, which includes the closing of the Al Jazeera Television Network. Not only must Qatar shut down the Doha-based satellite broadcaster, the list says, but also all of its affiliates. The list also demands that Qatar stop funding a host of other news outlets including Arabi21 and Middle East Eye. Qatar is also being asked to reduce its ties to Saudi Arabia's regional adversary Iran and instead align itself politically, economically and otherwise with the Gulf Cooperation Council. Qatar must shut down all diplomatic posts in Iran, kick out from Qatar any members of Iran’s elite Revolutionary Guard, and only conduct trade and commerce with Iran that complies with U.S. sanctions. Included in the list is the closing of a Turkish military base in Qatar, the location of which is somewhat a secret. The Turkish base was formally acknowledged only in 2016. Qatar also hosts the United States' largest military base abroad, which began in 2001. Turkey rejected the call to shut down its military base in Qatar, saying the base was a guarantor of security in the Gulf and demands for its closure represented interference in its ties with Doha. In fact, since the crisis began, Turkey has been a pivotal ally of Qatar, supplying much-needed goods, as well as bolstering its military presence in the region. The country must also publicly announce that it is cutting ties with terrorist, ideological and sectarian organizations including the Muslim Brotherhood, ISIS, al Qaeda, Hezbollah, and Jabhat Fateh al Sham (formerly al Qaeda in Syria). It must also surrender all individuals on its territory that the four Arab nations have designated as terrorists. The country must provide detailed information about opposition figures that Qatar has funded, ostensibly in Saudi Arabia and the other nations. It may be well remembered that the four Arab countries published a list of individuals with alleged terrorist links, and enforced banks to freeze bank accounts linked to these individuals and organizations. The list also require that Qatar stop interfering in the four countries' domestic and foreign affairs and stop a practice of giving Qatari nationality to citizens of the four countries. They must expel those citizens that are currently in Qatar. Qatar must also pay reparations to these countries for any damage or costs incurred over the past few years because of Qatari policies. Any resulting agreement to comply with the demands will be monitored, with monthly reports in the first year, then every three months the next year, then annually for 10 years. Qatari officials did not reply immediately to requests for comment. But on Monday, Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said Qatar would not negotiate with the four states unless they lifted their measures against Doha. The four Arab countries give Doha 10 days to comply, failing which the list becomes "void", the official said without elaborating, suggesting the offer to end the dispute in return for the 13 steps would no longer be on the table.



Saudi Arabia and other Arab countries that have cut ties to Qatar issued a steep list of demands Thursday to end the diplomatic crisis which has been going on for weeks now. 

 The list compiled by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain makes various demands relating to Qatari media and government policy, according to news agencies Reuters and the Associated Press.

 It was handed over to Qatar by Kuwait, which is mediating in the ongoing dispute.

Saudi Arabia and other Arab countries that have cut ties to Qatar issued a steep list of demands Thursday to end the diplomatic crisis which has been going on for weeks now. The list compiled by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain makes various demands relating to Qatari media and government policy, according to news agencies Reuters and the Associated Press. It was handed over to Qatar by Kuwait, which is mediating in the ongoing dispute. There are a total of 13 demands, which includes the closing of the Al Jazeera Television Network. Not only must Qatar shut down the Doha-based satellite broadcaster, the list says, but also all of its affiliates. The list also demands that Qatar stop funding a host of other news outlets including Arabi21 and Middle East Eye. Qatar is also being asked to reduce its ties to Saudi Arabia's regional adversary Iran and instead align itself politically, economically and otherwise with the Gulf Cooperation Council. Qatar must shut down all diplomatic posts in Iran, kick out from Qatar any members of Iran’s elite Revolutionary Guard, and only conduct trade and commerce with Iran that complies with U.S. sanctions. Included in the list is the closing of a Turkish military base in Qatar, the location of which is somewhat a secret. The Turkish base was formally acknowledged only in 2016. Qatar also hosts the United States' largest military base abroad, which began in 2001. Turkey rejected the call to shut down its military base in Qatar, saying the base was a guarantor of security in the Gulf and demands for its closure represented interference in its ties with Doha. In fact, since the crisis began, Turkey has been a pivotal ally of Qatar, supplying much-needed goods, as well as bolstering its military presence in the region. The country must also publicly announce that it is cutting ties with terrorist, ideological and sectarian organizations including the Muslim Brotherhood, ISIS, al Qaeda, Hezbollah, and Jabhat Fateh al Sham (formerly al Qaeda in Syria). It must also surrender all individuals on its territory that the four Arab nations have designated as terrorists. The country must provide detailed information about opposition figures that Qatar has funded, ostensibly in Saudi Arabia and the other nations. It may be well remembered that the four Arab countries published a list of individuals with alleged terrorist links, and enforced banks to freeze bank accounts linked to these individuals and organizations. The list also require that Qatar stop interfering in the four countries' domestic and foreign affairs and stop a practice of giving Qatari nationality to citizens of the four countries. They must expel those citizens that are currently in Qatar. Qatar must also pay reparations to these countries for any damage or costs incurred over the past few years because of Qatari policies. Any resulting agreement to comply with the demands will be monitored, with monthly reports in the first year, then every three months the next year, then annually for 10 years. Qatari officials did not reply immediately to requests for comment. But on Monday, Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said Qatar would not negotiate with the four states unless they lifted their measures against Doha. The four Arab countries give Doha 10 days to comply, failing which the list becomes "void", the official said without elaborating, suggesting the offer to end the dispute in return for the 13 steps would no longer be on the table.

 There are a total of 13 demands, which includes the closing of the Al Jazeera Television Network. Not only must Qatar shut down the Doha-based satellite broadcaster, the list says, but also all of its affiliates. The list also demands that Qatar stop funding a host of other news outlets including Arabi21 and Middle East Eye.

Qatar is also being asked to reduce its ties to Saudi Arabia's regional adversary Iran and instead align itself politically, economically and otherwise with the Gulf Cooperation Council. Qatar must shut down all diplomatic posts in Iran, kick out from Qatar any members of Iran’s elite Revolutionary Guard, and only conduct trade and commerce with Iran that complies with U.S. sanctions.

Included in the list is the closing of a Turkish military base in Qatar, the location of which is somewhat a secret. The Turkish base was formally acknowledged only in 2016. Qatar also hosts the United States' largest military base abroad, which began in 2001. Turkey rejected the call to shut down its military base in Qatar, saying the base was a guarantor of security in the Gulf and demands for its closure represented interference in its ties with Doha. In fact, since the crisis began, Turkey has been a pivotal ally of Qatar, supplying much-needed goods, as well as bolstering its military presence in the region.

Saudi Arabia and other Arab countries that have cut ties to Qatar issued a steep list of demands Thursday to end the diplomatic crisis which has been going on for weeks now. The list compiled by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain makes various demands relating to Qatari media and government policy, according to news agencies Reuters and the Associated Press. It was handed over to Qatar by Kuwait, which is mediating in the ongoing dispute. There are a total of 13 demands, which includes the closing of the Al Jazeera Television Network. Not only must Qatar shut down the Doha-based satellite broadcaster, the list says, but also all of its affiliates. The list also demands that Qatar stop funding a host of other news outlets including Arabi21 and Middle East Eye. Qatar is also being asked to reduce its ties to Saudi Arabia's regional adversary Iran and instead align itself politically, economically and otherwise with the Gulf Cooperation Council. Qatar must shut down all diplomatic posts in Iran, kick out from Qatar any members of Iran’s elite Revolutionary Guard, and only conduct trade and commerce with Iran that complies with U.S. sanctions. Included in the list is the closing of a Turkish military base in Qatar, the location of which is somewhat a secret. The Turkish base was formally acknowledged only in 2016. Qatar also hosts the United States' largest military base abroad, which began in 2001. Turkey rejected the call to shut down its military base in Qatar, saying the base was a guarantor of security in the Gulf and demands for its closure represented interference in its ties with Doha. In fact, since the crisis began, Turkey has been a pivotal ally of Qatar, supplying much-needed goods, as well as bolstering its military presence in the region. The country must also publicly announce that it is cutting ties with terrorist, ideological and sectarian organizations including the Muslim Brotherhood, ISIS, al Qaeda, Hezbollah, and Jabhat Fateh al Sham (formerly al Qaeda in Syria). It must also surrender all individuals on its territory that the four Arab nations have designated as terrorists. The country must provide detailed information about opposition figures that Qatar has funded, ostensibly in Saudi Arabia and the other nations. It may be well remembered that the four Arab countries published a list of individuals with alleged terrorist links, and enforced banks to freeze bank accounts linked to these individuals and organizations. The list also require that Qatar stop interfering in the four countries' domestic and foreign affairs and stop a practice of giving Qatari nationality to citizens of the four countries. They must expel those citizens that are currently in Qatar. Qatar must also pay reparations to these countries for any damage or costs incurred over the past few years because of Qatari policies. Any resulting agreement to comply with the demands will be monitored, with monthly reports in the first year, then every three months the next year, then annually for 10 years. Qatari officials did not reply immediately to requests for comment. But on Monday, Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said Qatar would not negotiate with the four states unless they lifted their measures against Doha. The four Arab countries give Doha 10 days to comply, failing which the list becomes "void", the official said without elaborating, suggesting the offer to end the dispute in return for the 13 steps would no longer be on the table.

The country must also publicly announce that it is cutting ties with terrorist, ideological and sectarian organizations including the Muslim Brotherhood, ISIS, al Qaeda, Hezbollah, and Jabhat Fateh al Sham (formerly al Qaeda in Syria). It must also surrender all individuals on its territory that the four Arab nations have designated as terrorists.

The country must provide detailed information about opposition figures that Qatar has funded, ostensibly in Saudi Arabia and the other nations. It may be well remembered that the four Arab countries published a list of individuals with alleged terrorist links, and enforced banks to freeze bank accounts linked to these individuals and organizations.
Saudi Arabia and other Arab countries that have cut ties to Qatar issued a steep list of demands Thursday to end the diplomatic crisis which has been going on for weeks now. The list compiled by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain makes various demands relating to Qatari media and government policy, according to news agencies Reuters and the Associated Press. It was handed over to Qatar by Kuwait, which is mediating in the ongoing dispute. There are a total of 13 demands, which includes the closing of the Al Jazeera Television Network. Not only must Qatar shut down the Doha-based satellite broadcaster, the list says, but also all of its affiliates. The list also demands that Qatar stop funding a host of other news outlets including Arabi21 and Middle East Eye. Qatar is also being asked to reduce its ties to Saudi Arabia's regional adversary Iran and instead align itself politically, economically and otherwise with the Gulf Cooperation Council. Qatar must shut down all diplomatic posts in Iran, kick out from Qatar any members of Iran’s elite Revolutionary Guard, and only conduct trade and commerce with Iran that complies with U.S. sanctions. Included in the list is the closing of a Turkish military base in Qatar, the location of which is somewhat a secret. The Turkish base was formally acknowledged only in 2016. Qatar also hosts the United States' largest military base abroad, which began in 2001. Turkey rejected the call to shut down its military base in Qatar, saying the base was a guarantor of security in the Gulf and demands for its closure represented interference in its ties with Doha. In fact, since the crisis began, Turkey has been a pivotal ally of Qatar, supplying much-needed goods, as well as bolstering its military presence in the region. The country must also publicly announce that it is cutting ties with terrorist, ideological and sectarian organizations including the Muslim Brotherhood, ISIS, al Qaeda, Hezbollah, and Jabhat Fateh al Sham (formerly al Qaeda in Syria). It must also surrender all individuals on its territory that the four Arab nations have designated as terrorists. The country must provide detailed information about opposition figures that Qatar has funded, ostensibly in Saudi Arabia and the other nations. It may be well remembered that the four Arab countries published a list of individuals with alleged terrorist links, and enforced banks to freeze bank accounts linked to these individuals and organizations. The list also require that Qatar stop interfering in the four countries' domestic and foreign affairs and stop a practice of giving Qatari nationality to citizens of the four countries. They must expel those citizens that are currently in Qatar. Qatar must also pay reparations to these countries for any damage or costs incurred over the past few years because of Qatari policies. Any resulting agreement to comply with the demands will be monitored, with monthly reports in the first year, then every three months the next year, then annually for 10 years. Qatari officials did not reply immediately to requests for comment. But on Monday, Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said Qatar would not negotiate with the four states unless they lifted their measures against Doha. The four Arab countries give Doha 10 days to comply, failing which the list becomes "void", the official said without elaborating, suggesting the offer to end the dispute in return for the 13 steps would no longer be on the table.

UAE Banks Freeze Accounts Linked To Terrorists

Banks and other financial institutions in the United Arab Emirates have been instructed to search for and freeze any accounts, deposits or investments held by individuals or entities designated as terrorists or terrorist organizations, state-run Emirates News Agency reported, citing a circular issued by the central bank.


The list also require that Qatar stop interfering in the four countries' domestic and foreign affairs and stop a practice of giving Qatari nationality to citizens of the four countries. They must expel those citizens that are currently in Qatar.

Saudi Arabia and other Arab countries that have cut ties to Qatar issued a steep list of demands Thursday to end the diplomatic crisis which has been going on for weeks now. The list compiled by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain makes various demands relating to Qatari media and government policy, according to news agencies Reuters and the Associated Press. It was handed over to Qatar by Kuwait, which is mediating in the ongoing dispute. There are a total of 13 demands, which includes the closing of the Al Jazeera Television Network. Not only must Qatar shut down the Doha-based satellite broadcaster, the list says, but also all of its affiliates. The list also demands that Qatar stop funding a host of other news outlets including Arabi21 and Middle East Eye. Qatar is also being asked to reduce its ties to Saudi Arabia's regional adversary Iran and instead align itself politically, economically and otherwise with the Gulf Cooperation Council. Qatar must shut down all diplomatic posts in Iran, kick out from Qatar any members of Iran’s elite Revolutionary Guard, and only conduct trade and commerce with Iran that complies with U.S. sanctions. Included in the list is the closing of a Turkish military base in Qatar, the location of which is somewhat a secret. The Turkish base was formally acknowledged only in 2016. Qatar also hosts the United States' largest military base abroad, which began in 2001. Turkey rejected the call to shut down its military base in Qatar, saying the base was a guarantor of security in the Gulf and demands for its closure represented interference in its ties with Doha. In fact, since the crisis began, Turkey has been a pivotal ally of Qatar, supplying much-needed goods, as well as bolstering its military presence in the region. The country must also publicly announce that it is cutting ties with terrorist, ideological and sectarian organizations including the Muslim Brotherhood, ISIS, al Qaeda, Hezbollah, and Jabhat Fateh al Sham (formerly al Qaeda in Syria). It must also surrender all individuals on its territory that the four Arab nations have designated as terrorists. The country must provide detailed information about opposition figures that Qatar has funded, ostensibly in Saudi Arabia and the other nations. It may be well remembered that the four Arab countries published a list of individuals with alleged terrorist links, and enforced banks to freeze bank accounts linked to these individuals and organizations. The list also require that Qatar stop interfering in the four countries' domestic and foreign affairs and stop a practice of giving Qatari nationality to citizens of the four countries. They must expel those citizens that are currently in Qatar. Qatar must also pay reparations to these countries for any damage or costs incurred over the past few years because of Qatari policies. Any resulting agreement to comply with the demands will be monitored, with monthly reports in the first year, then every three months the next year, then annually for 10 years. Qatari officials did not reply immediately to requests for comment. But on Monday, Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said Qatar would not negotiate with the four states unless they lifted their measures against Doha. The four Arab countries give Doha 10 days to comply, failing which the list becomes "void", the official said without elaborating, suggesting the offer to end the dispute in return for the 13 steps would no longer be on the table.

Qatar must also pay reparations to these countries for any damage or costs incurred over the past few years because of Qatari policies. Any resulting agreement to comply with the demands will be monitored, with monthly reports in the first year, then every three months the next year, then annually for 10 years. 


Qatari officials did not reply immediately to requests for comment. But on Monday, Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said Qatar would not negotiate with the four states unless they lifted their measures against Doha.

 The four Arab countries give Doha 10 days to comply, failing which the list becomes "void", the official said without elaborating, suggesting the offer to end the dispute in return for the 13 steps would no longer be on the table. 

source: NY Times, Associated Press, Arab News,


©2017 THOUGHTSKOTO
SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
Tags , , , , , , , , , , , ,
Subscribe to: Comments (Atom)