UAE warns Qatar to accept the list of demands or face 'divorce'

Agencies
June 24, 2017

Abu Dhabi, Jun 24: The United Arab Emirates warned Qatar Friday that it faces "divorce" from its Gulf neighbours unless it takes their demands seriously, as the United Nations offered to help resolve the regional diplomatic crisis.uaee

The list of demands includes the closure of Al-Jazeera television, a long-standing source of conflict between Doha and neighbouring countries which accuse it of fomenting regional strife.

The Qatar-based broadcaster denounced the move as an attack on media freedom.

Anwar Gargash, the UAE's state minister for foreign affairs, issued the warning more than two weeks into the oil-rich region's worst diplomatic crisis in years.

"It would be wiser that (Qatar) deal seriously with the demands and concerns of the neighbours or a divorce will take place," he wrote on Twitter.

The demands confirm that "the crisis is profound," Gargash added.

The affair has also drawn in the United States, whose Secretary of State Rex Tillerson has called for Gulf unity.

UN spokeswoman Eri Kaneko said the world body continued "to follow the situation with deep concern".

"We hope that the countries involved resolve the situation through dialogue," she said. "We are ready to assist if requested by the parties."

Qatar is the world's leading exporter of liquefied natural gas (LNG) and hosts the biggest American airbase in the Middle East.

Gargash accused Qatar of leaking a document containing the demands by Saudi Arabia, the UAE, Bahrain and Egypt, which have cut diplomatic ties and accused Qatar of sponsoring terrorism.

Qatar strongly denies such charges.

'Attempt to silence'

The demands have not been officially unveiled but Doha-based Al-Jazeera news channel said overnight Thursday they were handed to Qatar by Kuwait, which is mediating the dispute.

According to the document posted on social media, the four countries demand that Qatar closes Al-Jazeera, downgrades diplomatic ties with Iran and shuts a Turkish military base in the emirate.

Al-Jazeera, one of the largest news organisations in the world, said that it "deplores" calls for it to be taken off air.

"We in the network believe that any call for closing down Al-Jazeera is nothing but an attempt to silence the freedom of expression in the region and to suppress people's right to information," the broadcaster said in a statement.

Al-Jazeera English's managing director, Giles Trendle, said it was like "Germany demanding Britain to close down the BBC", in a video posted on social media.

Qatar is a member of the Gulf Cooperation Council with Bahrain, Kuwait, Oman, Saudi Arabia and the UAE.

On June 5, Saudi Arabia and the UAE led a severing of all links with Qatar for allegedly supporting groups, including some backed by Iran, "that aim to destabilise the region".

Other allies, including Egypt and Bahrain, followed.

Saudi Arabia regularly accuses Iran, its regional rival, of interference throughout the Middle East.

US 'mystified'

As well as cutting diplomatic ties, Qatar's neighbours closed their air space to Qatari carriers and blocked the emirate's only land border, vital for its food imports.

The list of 13 demands circulating on social media also says Qatar must cut ties to groups including the Muslim Brotherhood, the Islamic State organisation, Al-Qaeda and Lebanon's Iran-backed Hezbollah movement.

Qatar is also required to hand over opposition figures wanted by its three neighbours and Egypt.

In addition to Al-Jazeera, it must shut online information sites that it supports, according to the reported demands.

Although there has yet to be an official reaction to the list from the Doha government, Qatar's Human Rights Committee said the demands represented "gross violations" of basic rights.

In Qatar, the hashtag "the list is rejected" trended in Arabic on social media.

Gargash though urged Qatar to cede to the demands: "The brother (Qatar) must realise that the solution for its crisis lies not in Tehran or Beirut or Ankara or Western capitals or in media outlets, but in regaining the trust of its neighbours," he said.

Tillerson said on Wednesday that Washington had been pushing for a clear list of grievances that are "reasonable and actionable".

"Our role has been to encourage the parties to get their issues on the table, clearly articulated, so that those issues can be addressed and some resolution process can get underway to bring this to a conclusion," he said.

His spokeswoman Heather Nauert said Tuesday the United States was "mystified" that Saudi Arabia and its Gulf allies had failed to present details justifying their embargo on Qatar.

US President Donald Trump, however, has made statements siding with Saudi Arabia in the crisis.

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News Network
May 7,2020

Dubai, May 7: Saudi Arabia will emerge as the victor of the oil price war that sent global crude markets into a spin last month, according to two experts in the energy industry.

Jason Bordoff, professor and founding director of the Center for Global Energy policy at New York’s Columbia University, said: “While 2020 will be remembered as a year of carnage for oil nations, at least one will most likely emerge from the pandemic stronger, both economically and geopolitically: Saudi Arabia.”

Writing in the American publication Foreign Policy, Bordoff said that the Kingdom’s finances can weather the storm from lower oil prices as a result of the drastically reduced demand for oil in economies under pandemic lockdowns, and that it will end up with higher oil revenues and a bigger share of the global market once it stabilizes.

Bordoff’s view was reinforced by Sir Mark Moody-Stuart, former chairman of Royal Dutch Shell and one of the longest-standing directors of Saudi Aramco. In an interview with the Gulf Intelligence energy consultancy, he said that low-cost oil producers such as Saudi Arabia would emerge from the pandemic with increased market share.

“Oil is the only commodity where the lowest-cost producers have contained their production and allowed high-cost producers to benefit. When demand recovers this year or next, we will emerge from it with the lowest-cost producers having increased their market share,” Moody-Stuart said.

Bordfoff said that it would take years for the high-cost American shale industry to recover to pre-pandemic levels of output. “Depending on how long oil demand remains depressed, US oil production is projected to decline from its pre-coronavirus peak of around 13 million barrels per day.

“Shale's heady growth in recent years (with production growing by about 1 million to 1.5 million barrels per day each year) also reflected irrational exuberance in financial markets. Many US companies struggling with uneconomical production only managed to stay afloat with infusions of cheap debt. One quarter of US shale oil production may have been uneconomic even before prices crashed,” he said.

Moody-Stuart said that recent statements about cuts to the Saudi Arabian budget as a result of falling oil revenues were “an important step to wean the population of the Kingdom off an entitlement feeling. It means that everybody is joining in it.”

The former Shell boss said that other big oil companies would follow Shell’s recent decision to cut its dividend for the first time in more than 70 years. But he added that Aramco would stick by its commitment to pay $75 billion of dividends this year.

“When a company looks at its forecasts it looks ahead for one year, so for this year it (the dividend) is fine,” he said.

Bordoff added that Saudi Arabia’s action in cutting oil production in response to the pandemic would improve its global position.

“Saudi Arabia has improved its standing in Washington. Following intense pressure from the White House and powerful senators, the Kingdom’s willingness to oblige by cutting production will reverse some of the damage done when it was blamed for the oil crash after it surged production in March,” he said.

“Only a few weeks ago, the outlook for Saudi Arabia seemed bleak. But looking out a few years, it’s difficult to see the Kingdom in anything other than a strengthened position,” Bordoff said.

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Agencies
July 19,2020

Kuwait City, Jul 19: Kuwaiti ruler Sheikh Sabah al-Ahmad al-Jaber al-Sabah has successfully undergone surgery early on Sunday, the emir's office said.

"His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah ... has undergone surgery this morning, with thanks to God for its success," the head of the emir's office Sheikh Ali Jarrah al-Sabah said, as quoted by state news agency KUNA.

The 91-year-old was admitted to hospital for a medical checkup.

Yesterday, a royal order was issued assigning Crown Prince Sheikh Nawaf al-Ahmed al-Sabah, the emir's designated successor, "to take over some constitutional jurisdictions of His Highness the Emir temporarily"

In August 2019, Kuwait acknowledged the emir suffered an unspecified medical "setback" that required him to be hospitalised.

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

Comments

Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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