The United Arab Emirates (UAE) has reportedly cut out Western banks with substantial Qatari investments from its state projects. The move is likely to tighten the embargo on Qatar, put in place by a group of Gulf countries in June.
It’s been a bad week for the Saudi rulers in the US media. A slew of embarrassing stories got wide coverage, with the seeming intention of undermining Saudi Arabia and its Gulf allies. Not coincidentally, the Saudi-led bloc then capitulated in its standoff with Qatar.
Egypt has scrapped visa free travel for Qatari nationals amid the ongoing diplomatic crisis between Qatar and four Arab nations. Turkey has meanwhile pledged to ramp up deployment of its troops in Qatar despite the quartet’s calls for them to be expelled.
Doha is threatening to sue Saudi Arabia, the United Arab Emirates, Bahrain and Egypt for their ongoing blockade and has set up a special body to investigate claims and calculate the losses to the public and private sector as well as individuals.
Accusations by the Arab quartet which imposed a blockade against Qatar over the monarchy’s alleged support of terrorism are baseless defamation, the country’s foreign ministry said. The UAE termed Doha’s arguments weak and shockingly naive.