Qatar crisis may lead to collapse of GCC, warns Kuwait emir

Al Jazeera
October 24, 2017

The emir of Kuwait, Sheikh Sabah Al Ahmad Al Sabah, warned of the collapse of the Gulf Cooperation Council (GCC) - an alliance of Gulf countries - should the crisis with Qatar remain unresolved. 

In a statement at a Kuwaiti parliament session on Tuesday, the emir warned GCC leaders of the potential dangerous military and political intervention that may ensue as a result of the political deadlock. 

"Contrary to our wishes and hopes, the Gulf crisis has the potential of escalating; therefore, all of us must be fully aware of its potential consequences," Sheikh Sabah said. 

"Any escalation will bring with it an outright call for regional and international intervention, which will destroy the security of the Gulf and its people."

The GCC is a political and economic alliance of countries in the Arabian peninsula, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. 

Established in 1981, the alliance fosters economic, security, cultural and social cooperation between the six nations. 

But the fate of the GCC has been thrown into question as a result of the deep rift caused by a land, air and sea blockade imposed on Qatar by Bahrain, Saudi Arabia, the UAE and Egypt on June 5. 

Sheikh Sabah stressed that Kuwait's mediation efforts should be seen through the lens of the family of Gulf nations: "We are not a third party in this crisis. Rather, we are a party of one with the other two brother-nations in this crisis."

The GCC is the only beacon of light and hope amid the darkness now gripping the region, the emir added.

He warned that the collapse of the GCC would mean the collapse of the last bastion of joint Arab cooperation, noting that his country's goal was to resolve the crisis and prevent the GCC from collapse.

"History and the future generations of Arabs will not forget those who contributed to the escalation of the conflict and caused the destruction of the Gulf," Sheikh Sabah cautioned. 

The countries that imposed the blockade on Qatar claim that it works to support "terrorism", maintains cordial relations with Iran and meddles in the internal affairs of their countries.

But Qatar insists there is "no legitimate justification" for the actions taken by the four nations, calling their decision a "violation of its sovereignty". 

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News Network
June 6,2020

New Delhi, Jun 6: With 9,887 new positive cases reported in the last 24 hours, India's COVID-19 count touched 2,36,657 on Saturday surpassing Italy's latest tally of over 2.34 lakh, taking India to the sixth spot among countries with the highest caseloads of the virus.

The Union Ministry of Health and Family Welfare (MoHFW) said that India registered a spike of 9887 new cases and 294 deaths in the past 24 hours taking the tally to 1,15,942 active cases and 6642 deaths.

Today's count was the highest single-day spike in the country, which has now overtaken Italy, according to the tally posted by the Johns Hopkins University which posted that globally the coronavirus had infected over 66.64 lakh people and claimed over 3.91 lakh lives so far.

In india, the MoHFW informed that 1,14,073 persons have been cured/discharged/migrated so far.

Maharashtra remains the worst-hit State as the total number of COVID-19 positive cases reached 80,229. While the total number of active cases in the state stands at 42,224.

In Tamil Nadu, 28,694 cases have been detected so far while Delhi has reported 26,334 coronavirus cases.

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News Network
February 3,2020

Bengaluru, Feb 3: India's manufacturing activity expanded at its quickest pace in nearly eight years in January with robust growth in new orders and output, a private survey showed on Monday, suggesting the economy may be getting back on firmer footing.

In response to the jump in sales, factories hired new workers at the fastest rate in more than seven years.

If sustained, the improvement in business conditions could point to a gradual economic recovery in coming months, as forecast by analysts in a Reuters poll last month, after growth slowed to a more than six-year low in the July-September quarter.

The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, jumped to 55.3 last month from 52.7 in December. It was the highest reading since February 2012 and above the 50-mark separating growth from contraction for the 30th straight month.

"The PMI results show that a notable rebound in demand boosted growth of sales, input buying, production and employment as firms focused on rebuilding their inventories and expanding their capacities in anticipation of further increases in new business," Pollyanna De Lima, principal economist at IHS Markit, said in a news release.

A new orders sub-index that tracks overall demand hit its highest level since December 2014 and output grew at its fastest pace in over seven and a half years, pushing manufacturers to hire at the strongest rate since August 2012.

Meanwhile, both input costs and output prices rose at a slower pace, indicating overall inflation may have eased after hitting a more than five year high of 7.35% in December, although probably not below the Reserve Bank of India's medium-term target of 4%.

That might keep the central bank, which cut its key interest rate by a cumulative 135 basis points last year, on the sidelines over the coming months.

"To complete the good news, there was also an uptick in business confidence as survey participants expect buoyant demand, new client wins, advertising and product diversification to boost output in the year ahead," added De Lima.

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News Network
June 2,2020

New Delhi, Jun 2: India on Tuesday reported 8,171 more COVID-19 cases and 204 deaths in the last 24 hours as the country's virus count inches closer to two lakh, according to the Union Ministry of Health and Family Welfare.

The total number of cases in the country now stands at 1,98,706 including 97,581 active cases, 95,527 cured/discharged/migrated and 5,598 deaths.

Cases in Maharashtra have crossed 70,000 including over 30,000 recovered while Tamil Nadu's COVID-19 tally jumped to 23,495.

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