Gulf Cooperation Council

Trump’s Saudi Weapons Deal On Hold Over Saudi, Qatar Crisis

Donald Trump holds a sword and sways with traditional dancers during a welcome ceremony at Murabba Palace, in Riyadh, Saudi Arabia, May 20, 2017. (AP/Evan Vucci)
There will be no weapons deals to Saudi Arabia or other countries attempting to blockade Qatar as long as the diplomatic spat continues, a US Senator has vowed.
The ongoing diplomatic crisis in the Gulf region undermines the fight against the Islamic State group, said Bob Corker, chairman of the influential Senate Committee on Foreign Relations.

Powerful US Senator Vows to Block All Arms Sales to Gulf States Over Qatar Dispute

Bob Corker, head of the Senate Foreign Relations Committee, said disputes between Gulf states ‘hurt efforts’ against IS and Iran.

(MEE) — The Republican head of the US Senate Foreign Relations Committee has said he will block arms sales to the Gulf states until the on-going diplomatic crisis with Qatar is resolved.

Trump Claims Credit For Saudi, Qatar Rift

President Donald Trump, right, holds a meeting with Qatar’s Emir Sheikh Tamim Bin Hamad Al-Thani, in Riyadh, Saudi Arabia, May 21, 2017. (AP/Evan Vucci)
 WASHINGTON — President Donald Trump sided with Saudi Arabia and other Arab countries Tuesday in a deepening diplomatic crisis with Qatar, appearing to endorse the accusation that the oil-rich Persian Gulf nation is funding terrorist groups.

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.

Oil-Rich Arab States Quietly Join Israel In Cheering For Trump

Saudi King Salman, left, speaks with his son Prince Mohammed bin Salman as they wait for Gulf Arab leaders ahead of the opening of a Gulf Cooperation Council summit, in Riyadh, Saudi Arabia. On Wednesday, April 29, 2015. (AP Photo/Hassan Ammar)
Riyadh (REPORT)  Saudi Arabia and its Persian Gulf Arab allies are happy to see Obama leave office as President Donald Trump would be “very, very tough” on Iran.