Qatar’s currency came under pressure on Tuesday as Gulf Arab commercial banks started holding off on business with Qatari banks because of a diplomatic rift in the region. Banking sources said some banks from Saudi Arabia, the United Arab Emirates and Bahrain delayed letters of credit and other deals with ...
Qatar said on Tuesday Doha was ready for mediation efforts after the Arab world’s biggest powers severed ties with it, adding that Qatar’s ruler had delayed a speech in order to give Kuwait a chance to ease regional tensions. Foreign Minister, Mohammed bin Abdulrahman Al-Thani, said Doha was ready for ...