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Published: Wed, June 14, 2017
Global Media | By Abel Hampton

Qatar says Gulf citizens can stay despite crisis

Qatar says Gulf citizens can stay despite crisis

Pakistan Prime Minister Nawaz Sharif met Saudi King Salman bin Abdul Aziz in Jeddah in a bid to resolve a deepening diplomatic rift between Qatar and other Gulf states.

Akbar Al Baker says a United Nations aviation body should declare Gulf Arab measures against Qatari air traffic as illegal.

Qasemi said the dispute has roots in the Riyadh summit, saying the "untimely" and "wrongly arranged" conference had had "unpleasant consequences" for the region.

Qatar's Central Bank said yesterday banking transactions at home and overseas were continuing normally despite the diplomatic crisis which has seen several Gulf countries sever ties with the emirate. The finance minister and the central bank said Qatar has the financial firepower to defend its currency and economy, while the head of Qatar Airways - suffering from the regional overflight blockade - accused the USA of exacerbating regional tensions. "I think that may be what the Qataris are banking on right now".

Migrant labourers make up 90 percent of Qatar's population, mostly unskilled and dependent on construction projects such as building stadiums for the 2022 soccer World Cup. Qatar's sovereign wealth fund, one of the world's largest, controls stakes in companies from Glencore Plc to Barclays Plc.

"We're ready to discuss any requests that are made, but we have not received any reply", Al Jazeera quoted Sheikh Mohammed as saying.

A leading Pakistani newspaper on Tuesday urged the government to immediately end its involvement in the Saudi-led Islamic Military Alliance (IMA).

Senegal was first to recall its ambassador from Qatar's capital Doha.

But all that time, Qatar kept a wary eye on its neighbors. He says Saudi Arabia has allowed families to move between countries. Qatar also has clashed with Saudi Arabia and Bahrain over territory in the past.

Qatar is home to the biggest US military base in the Middle East.

The lump sum up front of $2.5 million is also rare for such lobbying efforts, likely signaling the urgency Qatar felt in getting its message heard in Washington.

Senior officials from the countries opposed to Qatar have warned it that appealing for foreign assistance will not advance a reconciliation.

Turkey and Iran have been providing food and water supplies to the gas-rich country after the Arab countries cut links with it, accusing Doha of supporting terrorism.

The biggest danger Qatar faces would be further credit rating downgrades, said EFG-Hermes's Abu-Basha.

One result of the sanctions has been a severe shortage of USA dollar cash at Qatar's money changers; supplies used to be flown in from the UAE but that route is closed.

Qatar's energy minister said on Sunday Doha remained committed to an oil output cut deal agreed by OPEC and non-OPEC producers last month. "Our foreign policy is subject to the sovereignty of our country and is based on our own assessment and our own principles".

"It's not an easy fight, but that's a fight we're going to win", he said.

This enraged the anti-Qatar camp so much that the UAE even went to the extent of expelling the Somalian competitor from Dubai Quran competition though he was among the favourites to win the title.

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