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Wednesday, 5 July 2017

MIDEAST STOCKS- #Qatar edges up before Cairo meeting, Saudi extends slide | Reuters

MIDEAST STOCKS-Qatar edges up before Cairo meeting, Saudi extends slide | Reuters:

"Qatar's stock index edged up on Wednesday as foreign ministers of four Arab states prepared to meet to consider sanctions against Doha.

A deadline for Qatar to comply with a list of demands made by the states expired overnight. Doha has submitted replies to mediator Kuwait that have not been disclosed.

Doha has shown no sign of acquiescing to major demands, which raises the possibility of the four states imposing more sanctions. But it is not clear that any fresh steps - such as the withdrawal of deposits from Qatar's banking system - would be crippling, given Doha's large financial resources."



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