With A Cost of USD620, 211 Health Projects Implemented by KSrelief in Yemen    SPA Camera Monitors Worshippers' Return to Prophet's Mosque    SRO resumes trips today    India Reports 8380 New COVID-19 Cases    China Reports Two New Coronavirus Cases for May 30    Singapore's Health Ministry Confirms 518 More Coronavirus Cases    Russia says coronavirus infections pass 400,000    Weather Forecast for Sunday    King Abdulaziz International Airport Completes Preparations for Domestic Flights Resumption    Five-star Bayern Edge Closer to 30th League Title    Al-Jadaan: Gradually Reopening Economic Activities Affirms Government's Role in Supporting Economic Development and Is A Positive Step Towards Improving Economic Performance    SAR to Resume Trips from May 31    Saudi Railways Organization to Resume Trips from May 31    Gamers Without Borders Championship continues its competitions for world professional video gamers    Three Saudi Female Athletes Review their Experiences    Saudi Taekwondo wins gold medal in virtual world championship    Saudi Surgeon Managed to Remove Kuwaiti Girl's Brain Tumor, as French Physician Declined, in the last Moments    KSA Ministry of Health Leads Advance Clinical Studies, on 4 Innovative Techniques for Coronavirus Treatment    SPIMACO Addwaeih Localizes Technology for Biological Drugs in Alliance with Amgen US Company within its Initiatives to Achieve Drug Security    Bangladesh reports first coronavirus death    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    Custodian of Two Holy Mosques addresses Citizens and Muslims on the Advent of Holy Month of Ramadan    Ministry of Hajj and Umrah Launches Awareness Message on Sacrifice Day    Newcastle Beat West Ham 3-0 for their first Win of the Season    Mourinho insists Ibrahimovic must be good enough for Manchester United    Reforms have saved the economy from possible recession, say analysts    The King and Crown Prince congratulates Moldova's President    More than 1,5 million pilgrims arrive in Saudi Arabia, so far    MWL allocates SR 7 million for Eid sacrifice project in 47 countries    Saudi Campaign provides educational and training services for Syrians in Al-Za'tari camp    Saudi student goes missing in Kentucky, US    Harvey lashes Texas US coast with high wind, torrential rain    North Korea tests short-range missiles as South Korea, US conduct drills    Samsung leader Jay Y. Lee given five-year jail sentence for bribery    Known days    "MODON" Signs MoU with Chinese Goldwind Company for wind-turbines manufacturing in the Kingdom    Flyadeal, Saudi Arabia's new low-cost airline, scheduled to launch on September 23, reports    Mastercard launches Masterpass in the Kingdom of Saudi Arabia    Honda among 27 Japan players named for World Cup qualifiers    Joker, Harley Quinn movie in works with 'Crazy Stupid Love' filmmakers    Madhuri Dixit to venture into Marathi films as a producer    Consumers warned against using some brands of face powder, hair products    How 'GOT' makers made the frozen lake in 'Beyond the Wall'    Shraddha Kapoor wants people to help the needy    Neymar targets improvement after phenomenal home debut    Politicizing the pilgrimage    Rakhi 2017: "Bond of Love" between a brother and his sister    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Arab deadline effect: Qatar stock exchange drops
Published in The Saudi Gazette on 03 - 07 - 2017

Qatar's stock exchange has dropped following an extended holiday closure as the tiny Gulf nation faces a deadline to accept demands from four Arab countries.
The benchmark QE Index lost more than 3 percent Sunday before recovering some of its losses later in the trading session to close down 2.3 percent at 8,822.15.
The market was last open before the Eid Al-Fitr holiday on June 22. That was the day that Saudi Arabia, the United Arab Emirates, Egypt and Bahrain issued Qatar a 13-point list of demands and gave it 10 days to comply.
Qatar faces possible further sanctions by Arab states over Doha's links to terrorism, as a deadline to accept their demands expired on Sunday night.
The countries have said they will impose further sanctions against Qatar if it does not comply with their list of 13 demands presented to Doha by Kuwait.
The UAE ambassador to Russia has said Qatar could face fresh sanctions if it does not comply with the demands.
Gulf states could ask their trading partners to choose between working with them or with Doha, he said in a newspaper interview last week.
They have not specified what further sanctions they could impose on Doha but commercial bankers in the region believe that Saudi, Emirati and Bahraini banks might pull deposits and interbank loans from Qatar.
UAE minister of state for foreign affairs Anwar Gargash played down the chances of an escalation, saying "the alternative is not escalation but parting ways", suggesting Qatar may be forced out of the six-member Gulf Cooperation Council (GCC).
Saudi Arabia's permanent representative to the United Nations Abdullah Al-Moallemi said on Twitter that Qatar had failed to take opportunities offered by its neighbors in the past to stop supporting terrorism.
"Qatar had insisted on shaking the security of the Kingdom of Saudi Arabia and interfering in the affairs of countries in the region," Moallemi said.
"Saudi Arabia, the United Arab Emirates, Bahrain and Egypt made a sovereign decision to boycott Qatar in order to maintain security in the region and pressure Doha to halt its support of terrorism," Moallemi said in a statement published by the Saudi Foreign Ministry on Sunday.
"Qatar has chosen Iran as its ally. It has supported terrorist groups for 20 years now despite their schemes against the region's countries," Moallemi added.
He also said that Saudi Arabia, the UAE, Bahrain and Egypt have given Qatar several opportunities to remain within its "natural fold."
He added: "Qatar was given several chances to end its support of terrorism and not interfere in other countries' internal affairs. The last of these chances were in 2013 and 2014 but these attempts failed as it did not commit to the demands asked of it." — Agencies

Clic here to read the story from its source.