How Gulf carrier subsidies threaten economic security

Last month, President Trump laid out his foreign policy doctrine in a speech that emphasized economic security as a key piece of America’s national security policy. He called for “trade based on the principles of fairness and reciprocity” and “firm action against unfair trade practices.” The administration has already correctly identified one of the mosLast month, President Trump laid out his foreign policy doctrine in a speech that emphasized economic security as at rampant… Please follow and like us:

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Qatar central bank to probe effort to manipulate riyal

Qatar’s central bank has launched an investigation into what it says are attempts to harm the Qatari economy through the manipulation of its currency, securities and derivatives markets. Sheikh Abdulla bin Saud Al Thani, the governor of Qatar’s central bank, blamed the effort on a Saudi Arabia-led group of countries that imposed an economic boycott on… Please follow and like us:

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The GCC’s worst summit

The future of the Gulf Cooperation Council (GCC) is extremely unclear six months into the bitter Qatar crisis. On December 4, Kuwait hosted the GCC’s annual summit, which marked the sub-regional organisation’s lowest point in its 36-year history. Qatar’s Sheikh Tamim bin Hamad Al Thani attended, but absent at the summit were the Bahraini, Emirati, and… Please follow and like us:

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EU puts UAE, Bahrain and Tunisia on tax haven blacklist

The European Union has released a blacklist of 17 countries, including the United Arab Emirates (UAE), Bahrain and Tunisia, which it says are tax havens. The bloc said on Tuesday that the countries the list, made public after months of screening of tax policies, were not doing enough to deal with offshore avoidance schemes. They will… Please follow and like us:

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Will the GCC summit resolve the ongoing crisis?

It remains unclear whether the upcoming Gulf Cooperation Council summit in Kuwait will have any positive effect on the ongoing fractures between Qatar and a number of Gulf states, analysts say, as the regional body gears into a symbolic rather than functional role. The 38th summit approaches amid the backdrop of a six-month blockade on Qatar… Please follow and like us:

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Qatar-GCC crisis: ‘Loyalties can shift overnight’

Six months into the Qatar-GCC crisis, which has opened an unprecedented rift among the Gulf countries, the opposing sides appear no closer to a resolution. Saudi Arabia, Bahrain and the United Arab Emirates, along with Egypt, continue to enforce a blockade against neighbouring Qatar, which has refused to comply with a controversial list of demands. The… Please follow and like us:

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Why the financial war on the Qatari Riyal has failed

Some Arab states are trying to destabilize Qatar’s Riyal, but efforts to drive down its value could backfire by hurting other dollar-linked currencies in the region, a Qatari central banker said. Khalid Alkhater, currently in Britain on leave from the central bank, was commenting on moves by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt… Please follow and like us:

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Qatar investigates UAE plan to devalue its currency

Qatar has opened an investigation into claims of an alleged plot by the UAE to weaken its currency in the early stages of the Gulf diplomatic crisis, according to a government spokesman. Qatar was alerted to the issue in July and re-examined it following recent media reports, said Sheikh Saif bin Ahmed Al Thani, director of… Please follow and like us:

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Should investors fear purges in Saudi Arabia?

Saudi Arabia’s central bank has moved to allay investor fears amid an ongoing campaign of arrests targeting some of the country’s richest people, including members of the royal family. In a statement issued on Wednesday, the Saudi Arabian Monetary Agency said the round-up, which is ostensibly aimed at ending corruption, would not affect businesses associated with… Please follow and like us:

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Qatar to buy 7 navy vessels from Italy for €5bn

Italy has signed a 5bn euro ($5.9bn) agreement with Qatar’s naval forces that includes the sale of seven naval units to bolster the Qatari navy, according to a joint announcement by the foreign ministers of Qatar and Italy. Sheikh Mohammed bin Abdulrahman Al Thani, Qatar’s foreign minister, also announced the signing of two other bilateral agreements… Please follow and like us:

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The energy factor in the GCC crisis

As top diplomats from various countries flock to the Gulf in an attempt to solve the GCC rift, major energy companies continue to vie for competitive projects in the oil and gas fields in the region. The latest of these projects is the development of the South Pars/North Field, the world’s largest natural gas field, which… Please follow and like us:

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Qatar Crisis: Lessons to Learn in Age of Cyber Attacks

Intrigues, espionage, and manipulation of information are not new in international affairs and, to the extent to which it revolves around the circulation of disinformation, neither is the Qatar crisis. What differentiates the ongoing crisis in Qatar from conventional international crises, however, is the means—the deployment of cyber attacks—and the risk of escalation posed by this… Please follow and like us:

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Qatar to increase gas production by 30 percent

State-run Qatar Petroleum has said it plans to increase natural gas production by 30 percent over the next several years. Saad Sherida al-Kaabi, the company’s CEO, told reporters on Tuesday that Qatar Petroleum intends to raise production from 77 million tonnes of natural gas to 100 million tonnes a year by 2024. The announcement comes after… Please follow and like us:

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Leaders and markets react to Gulf diplomatic rift

Saudi Arabia, the United Arab Emirates and Bahrain, three out of six members of the Gulf Cooperation Council (GCC), along with Egypt, announced on Monday they were severing diplomatic ties with Qatar. Qatar’s foreign ministry reacted by saying it regretted the Arab countries’ “unjustified decision”. The move escalated a row following a recent hack of the… Please follow and like us:

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Saudi Arabia wants oil prices to rise to $60 in 2017

Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies – the United Arab Emirates, Kuwait and Qatar – believe would encourage investment in new fields but not lead to… Please follow and like us:

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