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Monday , November 12 2018

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Qatar says ‘Gulf crisis’ puts $2 billion in contracts at risk

‘Sovereign wealth fund unaffected’ DOHA, June 19, (AFP): The political crisis in the Gulf is putting at risk business deals worth $2 billion in Arab countries that have cut ties with Qatar, an economic official in the emirate said Monday. Yousuf Mohamed al-Jaida, chief executive of the Qatar Financial Centre, …

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Qatar govt prepared to cover banks if deposits ‘withdrawn

$18 bln deposits from blockade nations DOHA, June 19, (RTRS): Qatar’s government is prepared to support local banks if foreign institutions withdraw deposits from them because of an economic boycott against Doha, the chief executive of the Qatar Financial Centre (QFC) said on Monday. Yousef al-Jaida said institutions from Saudi …

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Amir reiterates Kuwait’s stance against all forms of terrorism KUWAIT CITY, June 18, (KUNA): His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah said he hopes for healing the rift among the Gulf Cooperation Council (GCC) member states through dialogue, urging the Kuwaiti people to abide by national unity for …

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Qatari soldiers ordered to quit Bahrain coalition base

Saudi, Turkish ties fray DOHA, June 18, (Agencies): Bahrain has ordered Qatari troops serving with a coalition fighting the Islamic State group to leave its territory, a source with knowledge of the situation said on Sunday. The soldiers, part of the US Naval Forces Central Command (NAVCENT) which is headquartered …

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Saudi Arabia bans imports of Egyptian strawberries

Ban effective from July 11, due to pesticide residues CAIRO, June 18, (RTRS): Saudi Arabia is banning imports of Egyptian strawberries due to pesticide residues, said Abdel Hamid al-Demerdash, the head of Egypt’s Agriculture Export Council, the latest such ban to hit Egypt as it struggles to revive its economy. …

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Iran, China hold naval drill in Gulf

BEIRUT, June 18, (Agencies): Iran and China began a joint naval exercise in the Gulf on Sunday, the Islamic Republic News Agency (IRNA) reported. The military drill comes at a time of heightened tension between the Iranian and US military in the Gulf and is likely to be a cause …

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‘61’ perish in Portugal fire

PEDROGAO GRANDE, Portugal, June 18, (AP): A raging forest fire in central Portugal sent flames sweeping over roads, killing at least 61 people, many of them trapped in their cars as they tried to flee, officials said Sunday. The country’s prime minister called it “the biggest tragedy” that Portugal has …

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Turkey terms Saudi talks ‘positive’ – London affirms backing of Kuwait mediation MAKKAH, Saudi Arabia, June 17, (Agencies): Turkish Foreign Minister Mevlut Cavusoglu held talks in Saudi Arabia on Friday with King Salman, continuing efforts to resolve the Gulf’s biggest diplomatic crisis in years. Diplomatic sources told AFP that “the …

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Russia says may have killed Baghdadi

US unable to confirm death of DAESH chief MOSCOW, June 17, (AFP): The Russian army on Friday said it was seeking to verify whether Islamic State chief Abu Bakr al-Baghdadi was killed when its warplanes hit the group’s leaders in a night raid in Syria last month. The United States …

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Facebook to be hostile on extremists

SAN FRANCISCO, June 17, (Agencies): Facebook said it is ramping up the use of artificial intelligence in a push to make the social network “a hostile place” for extremists to spread messages of hate. Pressure has been building on Facebook, along with other internet giants, who stand accused of doing …

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