Confidence in Qatar's state finances has been shaken by its diplomatic row
- Author: Leroy Wright Jun 09, 2017,
Jun 09, 2017, 2:18
"The Kingdom's insistence on backing the obscene putschist (Egyptian) regime, providing it with financial and political support, attacking the moderate Islamist movement represented in the Muslim Brotherhood, and accusing it of terrorism, puts the Kingdom's credibility at stake", the Brotherhood said.
An outspoken member of Qatar's ruling family, Sultan Sooud Al Qassemi, said his citizens were "questioning if this is going to end up in seeing a change in leadership itself".
The apparent basis for action taken against those publically sympathizing with Qatar is the Federal Penal Code and a Federal law on Combating Information Technology Crimes that says that anyone who threatens the interests, national unity and stability of the UAE will face between 3 and 15 years in jail and a hefty fine.
Qatar vehemently denies giving such support.
In an apparent sign of support, Turkey's Parliament will debate on Wednesday a bill that would allow deploying troops to a Turkish base in Qatar.
Kuwait is leading efforts to find a mediated solution.
Saudi Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain severed relations with Qatar and closed their airspace to commercial flights on Monday, charging it with financing militant groups.
Qatar, which is dependent on the Saudi route for its food exports, also turned to Turkey and Iran for food supplies. "Leaders pointed to Qatar - look!" he tweeted Tuesday.
Castaner said France doesn't intent to take sides.
Speaking in Berlin, Saudi Foreign Minister Adel Al-Jubeir also said efforts would be made to resolve the conflict within the Gulf Cooperation Council.
Macron spoke yesterday separately with Qatari ruler Emir Sheikh Tamim bin Hamad Al-Thani, Saudi King Salman and Iranian President Hassan Rouhani and "invited all parties to pursue dialogue", Macron's office said.
"There are numerous uncertainties regarding Qatar's response, the extent to which these measures will be imposed, and their longevity", said the ratings agency.
Confidence Qatar's state finances is tumbling in the wake of a diplomatic row that has seen neighbouring states such as Saudi Arabia and Bahrain cut ties.
Saudi Arabia and its Gulf allies may have felt emboldened to move against Qatar by Trump's visit in May to Riyadh, which saw the president clearly align United States interests with the kingdom and lash out at Iran.