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Thursday, 29 June 2017

International businesses caught in Qatar crossfire | Reuters

International businesses caught in Qatar crossfire | Reuters:

"International businesses are being caught in the crossfire of Qatar's dispute with its Arab neighbors as it delays shipments, lengthens travel times and prompts contingency plans in case the crisis deepens. The feud between Arab powers threatens to undermine the region's progress in positioning itself as business friendly and raises concerns that some firms may be forced to pick sides. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar."

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