Arab deadline effect: Qatar stock exchange drops

Saudi has 'clear link' to extremism in UK: Report
Arab deadline effect: Qatar stock exchange drops
Author

04 July, 2017

The Kuwaiti government had requested the extension following Qatar's announcement that it was due to hand over its response to the emir, Sheikh Sabah al-Ahmad Al-Sabah, on Monday.

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. In a conversation with reporters in Rome, Sheikh Mohammed bin Abdul Rahman al-Thani said that the Doha meeting is ready to hear complaints from his Arab neighbours.

The Foreign Ministers of these four nations will meet on Wednesday to discuss the situation. The allegation is rejected by Doha.

"A separate statement carried on the official Qatar News Agency said the emir's discussion with Trump touched on the need to fight terrorism and extremism in all its forms and sources, and was a chance for the countries to review their bilateral strategic relations".

The foreign minister stressed that any country is free to raise grievances with Qatar, provided it has proof, but such conflicts should be worked out by negotiation, not by imposing ultimatums.

"The state of Qatar... is rejecting it as a principle", he said, adding: "We are willing to engage in providing the proper conditions for further dialogue".

The countries who had imposed sanctions against Qatar had sent an ultimatum having 13 points and a 10-day deadline, which was supposed to end today.

J&K: Ceasefire violation by Pakistan along LoC in BG sector
In a similar incident, the Pakistani army opened unprovoked shelling and firing in Poonch district of the state today. Border guarding forces from either side exchanged candies on the International Border in Jammu .

The President also underscored that unity in the region was critical to accomplishing the Riyadh Summit's goals of defeating terrorism and promoting regional stability.

Kuwait's military commander requested the deadline delay to provided more time to mediate the dispute, the Associated Press reported.

The four Gulf countries in June had severed diplomatic and trade ties with Qatar, which they accuse of supporting Iran and terrorism.

A White House statement suggested, however, that Trump continues to back Saudi Arabia and its allies against Qatar, despite efforts by Secretary of State Rex Tillerson to adopt a more measured approach.

While Trump has largely echoed the concerns of the blockading nations, his secretary of state, Rex Tillerson, has called for an end to the blockade, which he said has hurt USA interests in the region.

"He reiterated the importance of stopping terrorist financing and discrediting extremist ideology".


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