Saturday 21 October 2017

Exclusive: Qatar diplomatic crisis delays sale of Gulf shipping firm, sources say

Exclusive: Qatar diplomatic crisis delays sale of Gulf shipping firm, sources say:

"Qatar’s diplomatic crisis is holding up the sale of a shipping company it part owns, one of the latest signs of an emerging corporate fall-out that Doha is facing after Arab countries cut relations in June, sources familiar with the matter said. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade and transport ties with Qatar in June, accusing it of supporting terrorism - a charge Doha denies. The dispute has hit Qatar’s financial sector, with banks in neighboring Arab states withdrawing billions of dollars from Qatari lenders. Now there are signs that deal-making in the region is also running into difficulties."



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