Qatar, shunned by Gulf neighbours over its support to terror, may have to face more action as the deadline for meeting their demands expired on Sunday.
According to indications given by various Gulf officials in the last few days, more stringent measures will likely be rolled out if Doha fails to act on the key demands of the Arab nations.
The UAE's ambassador to Russia, Omar Ghobash, recently told The Guardian in London that the Gulf nations were considering further economic pressure on Doha, such as reducing commercial links with states that continue to trade with Qatar. Ghobash also indicated that the expulsion of Qatar from the GCC was a possible measure but not the only one.
There's no clarity yet on further sanctions the Gulf nations could impose on Doha, but bankers in the region believe that Saudi, Emirati and Bahraini banks might receive official guidance to pull out deposits and interbank loans from Qatar.
Meanwhile, Qatar's stock exchange dropped on Sunday following suspense over possible action by its neighbours.
Dozens of activists staged a demonstration in the capital of Azad Jammu and Kashmir (AJK) on Tuesday to condemn the alleged violence and discriminatio... More
Japan's defence minister on Tuesday said North Korea's latest nuclear test was more powerful than initially estimated, with a yield that was a... More
Nearly 125,000 mostly Rohingya refugees have entered Bangladesh since a fresh upsurge of violence in Myanmar on August 25, the United Nations (UN) sai... More
Myanmar's de facto leader Aung San Suu Kyi on Wednesday alleged a “huge iceberg of misinformation” was distorting the picture of the R... More
A Shia mosque in Kabul is under attack as gunmen stormed the mosque while worshippers were at prayers, according to an Afghan official on Friday. K... More
KABUL: The top US military commander in Afghanistan said on Thursday President Donald Trump’s new strategy is a sign of a long-term co... More
MOSCOW: Russian Foreign Minister Sergei Lavrov said on Sunday he believed his US colleagues were ready to continue dialogue with Moscow on complex iss... More
NEW DELHI: Away from the attention that Article 370 attracts, some members and supporters of the Bharatiya Janata Party (BJP) are steadily pushin... More