GCC

ERDOGAN: Arab states gave “death penalty” to Qatar

Turkish President Recep Tayyip Erdogan has issued his most provocative remarks to date on the Qatar crisis gripping the Gulf and the wider region.
With Turkish troops en route to Qatar, Erdogan stated,

“A very grave mistake is being made in Qatar, isolating a nation in all areas is inhumane and against Islamic values. It’s as if a death penalty decision has been taken for Qatar”.

United Arab Emirates Threatens ‘Qatar Sympathizers’ With Prison

Qatar Emir Sheik Tamim bin Hamad Al-Thani waits for the arrival of U.S. Secretary of State John Kerry ahead of their meeting, at Diwan Palace in Doha, Qatar. (Brendan Smialowski/AP)
Tensions between the Gulf Arab states continues to rise today, with Saudi Arabia leading a new round of threats against Qatar, with Bahrain’s Foreign Ministry insisting that “all options” remain open for handling Qatar, amid rumors of a potential invasion.

Middle East markets reel after Arabs sever ties with Qatar

Qatari markets are likely to suffer further in the coming days as the country is locked out of regional trade and exchange [Xinhua]
Markets in the Middle East took a hit following announcements from Bahrain, Egypt, Libya, Saudi Arabia, UAE and Yemen that they had severed ties with Qatar over its alleged ties to “extremist” groups.
Qatar’s QE Index became the world’s worst performing and hardest hit Middle Eastern exchange on Monday as a result of the break in diplomatic ties when it lost 7.27 per cent of its value at press time.