Market Research and Analysis


Daily News
Qatar will not surrender
Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani

The photo shows the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani.

Qatar on Thursday said it will survive the isolation imposed by fellow Arab states who accused it for supporting terrorism and extremism, adding that it would not surrender and rejected interference in their foreign policy.

 

On Monday, Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt had severed ties with Qatar for alleged support of Islamist militants and Iran. Several other countries like Libya and Yemen followed suit and cut ties with the country too.

 

Qatar had stated that the accusations are baseless and unjustified.

 

Qatar’s Foreign Minister, Sheikh Mohammed bin Abdulrahman al-Thani stated that they have yet to be presented with a list of demands by the countries that had severed diplomatic and transport ties with them, insisting that the issue will be resolved peacefully.

 

Sheikh Mohammed told reporters that the reason they are isolated is due to their success and progress, adding that they are a platform for peace.

 

He had also warned that the dispute will threatened the region’s stability and stated they are not ready to surrender and will never be ready to surrender their foreign policy independence.

 

The closure of land border by Saudi Arabia had caused fear of major price hikes and shortage of food and long queues can be seen at supermarkets who are beginning to run out of stock.

 

According to Sheikh Mohammed, food shortage is not a worry and assured that they are fine and can live forever like this as they are well prepared. He also added that Iran is ready to help with securing food supply while Turkey had brought forward a planned troop deployment as well as promised to provide food and water supplies.

 

Kuwait who did not cut ties with Qatar has been leading the mediation effort between Qatar and its allies. Kuwait’s emir, Sheikh Sabah al-Ahmad Al-Sabah, on Wednesday, held talk with Qatar’s emir, Sheikh Tamim bin Hamad Al-Thani, after meeting with senior UAE officials and Saudi King Salman.

 

Meanwhile, United States President, Donald Trump who initially supported the isolation against Qatar had called Sheik Tamim to offer help to resolve the differences between the parties involved.

Risk Warning:

There is a substantial risk of loss in trading commodity futures, option and off-change foreign currency products.
Read our General Risk Disclosure.