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Sunday, 2 July 2017

MIDEAST STOCKS-Doha down as diplomatic deadline looms, Saudi extends MSCI rally | Reuters

MIDEAST STOCKS-Doha down as diplomatic deadline looms, Saudi extends MSCI rally | Reuters:

"Qatar's stock slumped on Sunday as a deadline for Doha to accept a series of political demands by four Arab states was expected to expire late in the day with no sign of the crisis ending while Saudi Arabia's rally extended for a third session. Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said at the weekend that the demands were made to be rejected. He insisted Qatar would not close a Turkish military base or shut Doha-based satellite channel Al Jazeera. The four Arab states have warned they may impose further sanctions if Qatar does not comply; they did not give details, but bankers believe, for example, that Saudi, United Arab Emirates and Bahrain banks might receive official guidance to pull deposits from Qatar."



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