23rd October 2017
By William Watts, CNBC Add Saudi billionaire Prince Alwaleed bin Talal to the roster of high-profile investors and financiers who don’t believe bitcoin and other cryptocurrencies are here to stay. “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day,” Alwaleed told CNBC… Read More
19th September 2017
Qatari authorities stepped up their support of domestic banks for the third month in a row in August in an attempt to offset foreign withdrawals as the showdown between the Gulf emirate and a Saudi-led alliance show no sign of abating. The Qatari economy is bearing the brunt of the… Read More
16th August 2017
Sanctions imposed by other Arab states are continuing to push up food prices in Qatar while hurting the real estate market, but not to the point of damaging the economy severely, according to inflation figures released by the government. The annual inflation rate fell back in July, after spiking in… Read More
31st July 2017
The four Arab states of Saudi Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain are reportedly set to consider fresh economic sanctions on Qatar at a meeting in Manama, Bahrain’s capital. The foreign ministers of the four countries are “expected to impose sanctions that will gradually affect the Qatari… Read More
10th July 2017
The four Arab states leading the boycott against Qatar said late on Thursday that Doha’s refusal of their demands was proof of its links to terrorist groups and that they would enact new measures against it. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain released a joint statement carried… Read More
5th July 2017
Gulf states are preparing to ramp up economic sanctions against Qatar, as well as widening its diplomatic isolation and suspending it from the Gulf Co-operation Council, senior Gulf diplomats have indicated. They were speaking before a meeting in Cairo of foreign ministers from Saudi Arabia, Bahrain, Egypt and the United… Read More
3rd July 2017
Qatar is facing further sanctions as a deadline for the country to accede to a list of demands from its Gulf neighbours approaches. The 13-point ultimatum, which was issued 10 days ago as part of a dramatic dispute between the Gulf nations, had called for the gas-rich Emirate to close… Read More
28th June 2017
A Saudi-led bloc is considering fresh sanctions against Qatar that may include asking trading partners to choose between them or Doha, the United Arab Emirates (UAE) ambassador to Russia said. In an interview with The Guardian newspaper, envoy Omar Ghobash said the expulsion of Qatar from the Gulf Cooperation Council… Read More
8th June 2017
Suspicions that Qatar is involved in funding terrorism could roil Kenya’s trade relations with the Middle East country, even as neighbours in the Gulf tightened sanctions. On the second day of the Gulf Crisis when Saudi Arabia, United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar, Nairobi chose… Read More
23rd May 2017
Saudi Arabia’s Financial Intelligence Unit has stepped a campaign against money laundering and terror funding operations by inspecting real estate and brokerage offices as well as other vital sectors that are likely to be involved in financial crimes. The department has received more than 13,000 intimations related to money laundering… Read More