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Jun 13 17 3:10 PM
21stcenturywire.com / Dr Can Erimtan / JUNE 13, 2017
The Middle East has been ablaze for many years now, but the
Islamic Republic of Iran has so far largely escaped any direct harm. The
Kingdom of Saudi Arabia, on the other hand, has also become the victim
of numerous terror attacks over the past years… but now, the whole
dynamic seems to have undergone a radical shift, a shift endangering
Iran, Qatar, Syria, and Yemen… with potential ripple effects also
touching upon Turkey and Russia.
All the while, the United States maintain a not-so hidden
presence in the region that has the potential of even endangering the
Setting the Scene in Tehran
On Tuesday, 7 June 2017, the city of Tehran was rocked
by simultaneous terror attacks: a “multi-prong terrorist attack has
struck Iran’s capital city this morning. Gunmen and suicide bombers
converged on three targets including Iran’s Parliament building and the
mausoleum of Imam Khomeini, killing staff and members of the public.”
Jun 13 17 11:25 PM
zerohedge.com / by Tyler Durden / Jun 13, 2017 2:22 PM
While the Saudi-led campaign to starve Qatar’s citizens may end up
short of the target, with both Turkey and Iran volunteering to provide
needed staples to the isolated Gulf nation while local entrepreneurs have started a cow paradropping campaign
to offset the decline in milk imports, a more pressing problem has
emerged: Qatar’s financial system is running out of dollars. As
Bloomberg reports, several Qatari banks have boosted interest rates on
dollar deposits to shore up liquidity as the Saudi-led campaign to
isolate the gas-rich Arab state intensifies.
To boost their hard currency reserves, Qatar banks are now offering a
premium of as much as 100 basis points over LIBOR to attract dollars
from regional banks, some 80 bps higher compared to the rate they
offered prior to last week’s crisis. A similar picture is visible on the
3-Month QIBOR, or Qatar Interbank Rate, which has surged to 2.3% as of
Jun 16 17 2:39 AM
thedailysheeple.com / WILL PORTER / JUNE 15, 2017
Just days after condemning the Gulf monarchy for its ties to terrorism, the Trump administration on Wednesday inked a deal with Qatar for three dozen American fighter jets, valued at $12 billion.
“We are pleased to announce today the signing of the letter of offer
and acceptance for the purchase of the F-15QA fighter jets, with an
initial cost of $12 billion dollars,” the Qatari Defense Minister said
in a statement.
“We believe that this agreement will propel Qatar’s ability to
provide for its own security while also reducing the burden placed upon
the United States military in conducting operations against violent
extremism,” the statement continued.
The deal was signed at a meeting between Qatari Defense Minister
Khalid al-Attiyah and U.S. Secretary of Defense James Mattis amid a
diplomatic spat between several Gulf states.
Meshal Hamad al-Thani, Qatari ambassador to the U.S., posted a picture of the meeting on Twitter, claiming the deal would create “60,000 new jobs in 42 states across the United States.”
financialsense.com / GLOBAL RISK INSIGHTS / 06/22/2017
diplomatic crisis resulting from sanctions against Qatar raises fresh
questions concerning the political and economic environment in the Gulf.
A guest post by Anas Abdoun.
Just a fortnight after President Trump’s visit to the Middle-East,
many members of the GCC as well as Egypt, severed diplomatic, economic
and security relations with Qatar. Saudi Arabia, Egypt, the UAE,
Bahrain, and Yemen, made this momentous decision, joined days later by
Mauritania and the Maldives.
These measures are particularly hard for Qatar as this is not merely a
closing of embassies. In 2014, Qatar had a crisis with its neighbors,
who shut down their embassies to protest against Doha’s foreign policy.
The crisis was resolved with an agreement, which Saudi Arabia now claims
has not been respected by Qatar.
This time, in addition to cutting diplomatic ties, the five countries
decided to enforce a major economic embargo against Qatar, which is
financially powerful but geographically very small. The GCC is now
caught up in the worst diplomatic crisis since its creation in 1981,
dividing the organization which yields great power within the region and
with the entire group of Arab countries.
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