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Sunday, 2 July 2017

Washington and the hard calculations at play in the Qatar crisis - Sun, Jul 02, 2017 - The National

Washington and the hard calculations at play in the Qatar crisis - Sun, Jul 02, 2017 - The National:

"As the confrontation between the Arab coalition and Qatar nears the one-month mark, with Doha insisting it intends to reject the 13 demands placed before it, it’s becoming increasingly clear that if there is to be any kind of reconciliation it will be brokered by Washington.

The parties seem to recognise this, as the flurry of diplomatic activity in the American capital last week demonstrated. But the Trump administration still appears divided, uncertain and haunted by a series of unresolved questions that will undoubtedly shape the longer-term, and possibly decisive, American response.

Perhaps the most significant meeting last week was a dinner at which US secretary of state Rex Tillerson was joined by the foreign minister of Kuwait and the secretary-general of the United Nations, presumably to discuss this crisis. In that meeting, one could start to see the outlines of an international mediation troika that combines the global legitimacy of the UN, the regional Gulf credibility of Kuwait and the heft and power of the United States."



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Kuwait banks don't plan to withdraw Qatar deposits: official source | Reuters

Kuwait banks don't plan to withdraw Qatar deposits: official source | Reuters:

"Kuwaiti banks have no intention of withdrawing their deposits and investments from Qatar, a Kuwaiti official source told Reuters on Sunday.

The source, speaking on condition of unanimity because of political sensitivities, noted that Kuwaiti banks had not announced plans to withdraw deposits or take other exceptional measures when detailing their exposure to Qatar in bourse statements over the last few days.

"This reflects the confidence of Kuwaiti banks and Kuwaiti companies in the financial solvency of the state of Qatar, the Qatari banks and financial institutions and their ability to meet their obligations," the source said."



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Saudi Arabia to Consider Sale of Stake in Riyadh Airport - Bloomberg

Saudi Arabia to Consider Sale of Stake in Riyadh Airport - Bloomberg:

"Saudi Arabia is considering a plan to sell a stake in Riyadh airport, three people with knowledge of the matter said, as it embarks on a plan to raise billions of dollars through privatizations. Saudi Civil Aviation Holding Co. has asked local and international investment banks to pitch for the role of adviser on the sale of a significant minority stake in King Khalid International Airport, the people said, asking not to be identified because the information is private. An adviser could be appointed before the end of July and the government wants the sale to be completed by early next year, the people said."



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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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Iran to sign new IPC gas deal with Total for South Pars on Monday: official | Reuters

Iran to sign new IPC gas deal with Total for South Pars on Monday: official | Reuters:

"Iran plans to sign a new contract to develop its giant South Pars gas field with France's Total on Monday, the first major Western energy investment since sanctions against Tehran were lifted, an Iranian oil ministry official told Reuters on Sunday. "The international contract for development of Phase 11 of South Pars in the framework of IPC (Iranian Petroleum Contract) will be signed on Monday, July 3, at 14:30, at a ceremony in Tehran attended by Iranian oil minister Zanganeh and senior officials from France’s Total, China’s CNPCI and Iran's Petropars," the official said."



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UAE's Centurion Investments raises stake in NMC by 4.9 percent | Reuters

UAE's Centurion Investments raises stake in NMC by 4.9 percent | Reuters:

"NMC Health, the London-listed and United Arab Emirates-based healthcare provider, said on Saturday its shareholder Centurion Investments had raised its stake in NMC by 4.9 percent.

Centurion Investments has acquired 10 million shares, representing 4.9 percent of the issued capital of NMC from B.R. Shetty, also a shareholder in NMC, a company statement said.

The shares were acquired at a price of 23.20 pounds per share."



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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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