Saturday , October 21 2017

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Qatar rift risks raising cost for Gulf debt issuers

DUBAI/RIYADH June 21, (RTRS): Qatar’s rift with its Arab neighbours is threatening to puncture investor appetite for the Gulf region as a whole, translating into potentially higher debt costs for governments and possibly slowing the pace of Saudi Arabia’s economic reforms. Saudi, United Arab Emirates, Bahrain and Egypt broke relations …

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Gulf states prep for VAT in time of crisis – Inflationary pressures seen

DUBAI, June 21, (AFP): Oil-rich Gulf countries, which for decades have attracted millions of foreign workers thanks to their reputation as tax-free havens, aim to introduce value-added tax in 2018 to plug budget gaps. On top of administrative and technical hurdles, however, the project now faces an unprecedented diplomatic crisis …

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Brussels ups security after failed ‘bombing’ – Dutch arrest terror suspect

BRUSSELS, June 21, (Agencies): Belgium said on Wednesday a Moroccan man carried out a foiled terrorist attack with a nail bomb at a busy Brussels train station, the latest in a wave of attacks to hit Europe. The 36-year-old man, identified only as O.Z, shouted “Allahu Akbar” and tried to …

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Doha due in DC, places its trust in Kuwait mediation

DOHA, June 20, (Agencies): Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said on Monday that he plans to travel to the United States next week to discuss the impact of a rift with Gulf Arab states on its economy and on the fight against terrorism. Sheikh Mohammed also told …

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No confirmation of Baghdadi death – Iran drone downed by US jet

MOSCOW, June 20, (Agencies): Russia said on Tuesday it could not confirm that Islamic State leader Abu Bakr al-Baghdadi had been killed in an air strike in Syria last month, the Interfax news agency quoted Deputy Foreign Minister Gennady Gatilov as saying. Moscow said on Friday its forces may have …

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Trump seen hardening its line toward Pakistan

WASHINGTON, June 20, (Agencies): President Donald Trump’s administration appears ready to harden its approach toward Pakistan to crack down on Pakistan-based militants launching attacks in neighboring Afghanistan, US officials tell Reuters. Potential Trump administration responses being discussed include expanding US drone strikes, redirecting or withholding some aid to Pakistan and …

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Troubled anti-Muslim van attacker questioned – Suspect held on terror charges

LONDON, June 20, (Agencies): British media have identified the suspect held in connection with the van attack outside a London mosque as Darren Osborne, from the Welsh city of Cardiff. He is being held on suspicion of attempted murder and alleged terror offenses. British media report that some of Osborne’s …

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Travel hub Qatar cut off from local routes

Camels caught up in feud reunited with owners QATAR, June 20, (Agencies): Sitting on an airplane from Qatar trying to get home to Dubai, I could only watch frustrated as a scrolling map showed my flight pass overhead of my skyscraper-studded city and continue further east. It’s typically an hour …

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UAE WARNS DOHA ISOLATION COULD LAST FOR YEARS – Lift blockade before Gulf talks: Doha

EXPULSION OF QATARIS COMES INTO EFFECT – TURKISH TROOPS DRILL IN QATAR DOHA, June 19, (Agencies): Qatar’s foreign minister on Monday called on neighbouring states to lift their “blockade” of his country before Doha takes part in any negotiations on ending the Gulf diplomatic crisis. Sheikh Mohammed bin Abdulrahman Al-Thani …

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Kuwait puzzled over reluctance to address Israeli HR violations

Arab relics’ experts meet kicks off GENEVA, June 19, (KUNA): A Kuwaiti diplomat on Monday said that he was bewildered over the selective approaches taken by some nations to the issue of human rights violations in Arab lands occupied by Israel. Addressing the 35th session of the United Nations Human …

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