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Sunday, 2 July 2017

MIDEAST STOCKS-Qatar falls as diplomatic deadline looms, Saudi rally stalls | Reuters

MIDEAST STOCKS-Qatar falls as diplomatic deadline looms, Saudi rally stalls | Reuters:

"Qatar's stock market dropped in early trade 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. 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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