"This is the time to work for Qatar", said Moutaz Al Khayyat, chairman of Power International Holding, who bought the 1,300-pound beasts in the USA and Australia.
Saudi Arabia, UAE, Egypt and Bahrain last week cut diplomatic ties with Qatar over alleged accusations that Doha was supporting worldwide Islamist extremists who are threats to the region's peace and security.
A senior Qatari official says Qatar hosted the Taliban based on a request from the United States, whose president, along with a number of Arab regimes, has been pressuring Doha over what they say is its support for extremist groups.
In addition to cutting diplomatic ties, Saudi Arabia, Bahrain, UAE and Egypt also halted air, sea and land transport links to Qatar, which relies on imports for most of its food. Analysts estimate at least 40% of Qatar's food supplies are imported across Saudi Arabia.
Saudi Arabia's Flynas has waded into the kingdom's row with Qatar, making a pitch to poach Saudi staff working for the much larger Qatar Airways. Shipments from the United States or the European Union to Qatar are not prohibited.
The ostensible reason for the blockade - that the Qataris have funded terror - is as easily applicable to Saudi Arabia and other Gulf states. "Victimizing Qatar through smear campaigns serves no objective", Erdogan said, urging the Saudi king, as an elder politician in the region, to take the lead in untangling the crisis.
What's Propelling Bank of America Corporation (NYSE:BAC) After Lower Shorts Reported?
The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It improved, as 62 investors sold BAC shares while 560 reduced holdings. 75 funds opened positions while 175 raised stakes.
"A lot of people think we're the only ones to lose in this..."
Al Sharqi also noted that Qatar is working to diversify its industrial manufacturing to meet the growing demands of the local market and export the surplus to other countries.
The airspace closure was within its sovereign right to protect the country and its citizens from anything it sees as a threat and as a precautionary measure, Saudi Arabia's General Authority of Civil Aviation said in a statement published by the Saudi Press Agency.
Erdogan said that he would hold a joint phone call Tuesday with the leaders of France and Qatar to discuss the recent developments of Qatar issues.
The diplomats stressed that Saudi Arabia, UAE and Bahrain are keen on the interest of the Qatari people who are an original and natural extension of their brothers in the three states where they consider the humanitarian cases of the mixed families among Qatar and their states. It quotes the prime minister as saying he hopes the dispute between Qatar and its Arab neighbors will be resolved soon.
Comments