Qatar’s stock index drops as Saudi-led deadline looms
Qatar’s stock market has suffered a steep drop as nears its end the Persian Gulf nation’s deadline to give in to demands by a group of Saudi-led countries.
The county’s main QE stock index dropped by over three percent after reopening following a week-long interval for the Eid al-Fitr holiday break.
It eventually regained some of its losses later in the trading session to close down with a 2.3-percent drop.
The Saudi-imposed deadline is scheduled to finish by day's end, although the ultimatum didn't include a precise time or details concerning penalties.
Read More:
- Russia stresses need for diplomacy in Persian Gulf dispute
- Qatar lobbying with UNSC members to lift Saudi-led bans
- Turkey sees hope to find solution to Qatar crisis: Official
Saudi Arabia, Bahrain, Egypt, and the United Arab Emirates severed diplomatic ties and cut all land, sea, and air contacts with Qatar on June 5. The four countries accused Qatar of supporting terrorism and destabilizing the region, allegations denied by Doha.
The countries later issued a list of demands for Qatar to meet in return for the normalization of ties. Among them was that Qatar should shut down Al Jazeera, a media network that has reportedly been critical especially of Saudi Arabia, close a Turkish military base, limit its ties with Iran, and “compensate” the sanctioning countries.
Read More:
- Saudi FM calls Qatar demands non-negotiable, Qatar calls them unrealistic
- Qatar denounces Saudi refusal to negotiate demands
- Saudi-led bloc’s demands unreasonable: Qatar
On Saturday, Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani stressed that Doha will not give in to any of the demands made by Riyadh and its allies, noting that the requests were “meant to be rejected."
"Everyone is aware that these demands are meant to infringe the sovereignty of the state of Qatar, shut the freedom of speech and impose auditing and probation mechanism for Qatar," he said.
On Saturday, Saudi Arabia reiterated that its demands on Doha were "non-negotiable."
Saudi Foreign Minister Adel al-Jubeir tweeted that Riyadh’s "demands on Qatar to stop funding terrorism are non-negotiable."
"Restrictions on Qatar show zero tolerance for terrorism," he said, claiming that Doha had failed to keep previous vows of stopping "funding terrorism and interfering in other countries' affairs."
Hamas denies reports about political bureau relocation to Turkey as false
Qatar: Reports about withdrawal from Gaza mediation, Hamas exit from Doha ‘inaccurate’
FM strongly condemns meddlesome EU-GCC statement against Iran
US House passes bill targeting charities and pro-Palestine groups
Hezbollah attacks Israeli forces after Lebanese homes blown up
World leaders, states hail ICC arrest warrants for Netanyahu, Gallant
MP: US accountable for possible Israeli 'foolishness' to attack Iraq
VIDEO | Israeli policies strangle Palestinian agriculture, economy
Iran's president offers condolences to Pakistan over terrorist attack
Canada’s Yukon town council at standstill over refusing oath to King Charles
Yemen's Houthi calls for jihad to protect Palestine against Israel
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
