13.7 C
New York
Friday, December 3, 2021

Bahrain sees ‘no glimmer of hope’ for ending Qatar crisis soon

Bahrain sees 'no glimmer of hope' for ending Qatar crisis soon© Reuters. FILE PHOTO: Buildings are seen from across the water in Doha

RIYADH (Reuters) – Bahrain sees no resolution in sight to a diplomatic row between Qatar and its neighbors, which cut diplomatic and trade ties with the tiny Gulf Arab state nearly a year ago.

“The information in our hands today does not indicate any glimmer of hope for a solution now, as the matter does not happen suddenly,” Bahrain’s Foreign Minister Sheikh Khalid bin Ahmed al-Khalifa told Alsharq Alawsat newspaper on Sunday.

Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt severed travel and trade ties with Qatar last June, alleging it was backing Iran and supporting terrorism. Qatar denies this and says the boycott is an attempt to impinge on its sovereignty and rein in its support for reform.

After initially disrupting Qatar’s imports and triggering the withdrawal of billions of dollars from its banks by depositors from the four states, the world’s top exporter of liquefied quickly developed new trade routes and deployed tens of billions of dollars from its sovereign wealth fund to protect its domestic lenders.

The dispute has evaded mediation attempts by Kuwait and Washington, which has strong alliances with both sides and fears the split among Sunni Muslim U.S. allies could benefit Iran in a decades-old tussle for influence in the Middle East.

Bahrain’s foreign minister said Qatar was prolonging the crisis by taking its case to Western allies, instead of dealing with it inside the Gulf Arab bloc.

“We were expecting from the beginning of the crisis with Qatar that the emir of Qatar would go to Saudi (Arabia) but this did not happen,” he told the pan-Arab newspaper.

Saudi and UAE officials have said that Doha has yet to meet 13 demands made by the four states, including closing the state-funded Al Jazeera television station and reducing ties to Iran.

UAE Minister of State for Foreign Affairs Anwar Gargash said last week on Twitter that Qatar had not dealt wisely with those demands: “Perhaps the passing of a year of the boycott will produce a new thought and a wiser approach from Doha”.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

10,921FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles