Published: Fri, June 09, 2017
Worldwide | By Sean Reid

Saudi Arabia warns banks against raising Qatar exposure


Sheikh Mohammed said that Qatar had not yet been presented with a list of demands by countries that cut off diplomatic and transport links with it, but insisted the matter be solved peacefully.

The U.S. has a massive air base in Qatar's capital city of Doha, with hosts as many as 10,000 American military personnel.

It shows that Qatar "announces fighting terrorism on one hand and finances and supports and hosts different terrorist organisations on the other hand", they said. The United States, Kuwait's emir and Turkey worked to end a row, with U.S. President Donald Trump offering to help resolve the crisis, possibly in a meeting at the White House.

United States intelligence officials believe Russian hackers planted a false news story that led Saudi Arabia and several allies to sever relations with Qatar, prompting a diplomatic crisis, CNN reported Tuesday. Erdoğan called Kuwait Sheikh Sabah late on June 7 following a meeting with Iranian Foreign Minister Javad Zarif, discussing developments in the Gulf.

In a sign of support for Doha, Turkey's parliament on Wednesday approved an agreement to expand the number of troops deployed to a Turkish base in Qatar.

Iran and Qatar share the world's largest gas field, an offshore site the Iranians call South Pars and the Qataris call the North Dome. In an interview with BBC radio, UAE Ambassador to Russia Omar Saif Ghobash said Qatar had to choose between supporting extremism or supporting its neighbors.

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Egypt and Bahrain said in a statement published by the Saudi news agency that 59 people, including Muslim Brotherhood spiritual leader Yousef al-Qaradawi, and 12 entities, among them Qatari-funded charities Qatar Charity and Eid Charity, were named.

"Whatever has been thrown as an accusation is all based on misinformation and we think that the entire crisis is being based on misinformation", he told CNN.

"This is a foreign policy that has gone wild", state minister for foreign affairs Anwar Gargash told AFP.

Analysts have raised the prospect of a palace coup in Qatar, a hereditary monarchy with a history of such changes in leadership.

Gargash said "not using the formidable media ownership in promoting an extremist agenda" was a condition for negotiations.

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