Qatar Airways profits $540 million, braces for Gulf crisis

Qatar Airways profits $540 million, braces for Gulf crisis

Qatar Airways profits $540 million, braces for Gulf crisis

"I am also concerned by some of the strong actions which Saudi Arabia, UAE, Egypt and Bahrain have taken against an important partner, and urge them to ease the blockade on Qatar". Most likely, Qatar will make some concessions to return to the fold. It is the worst crisis for the GCC since its creation in 1981.

Arab countries, led by Saudi Arabia, have called on Qatar to end its support for Hamas and the Muslim Brotherhood - both terrorist adversaries of Israel. It was also meant to have a security component, with a defense council to coordinate military matters. Erdoğan rejected accusations that Qatar supported terrorism, arguing that the country had been a staunch opponent of ISIL.

Qatari Finance Minister Ali Sherif al-Emadi told CNBC the country could easily defend its currency and prevent shortages of food or other goods.

Khayyat said he had already made plans to bring the cows to Qatar by sea but the Gulf rift made him accelerate the move. The country shares a land border with Saudi Arabia, and more than half of its food comes from its neighbor, as well as most of its milk. But recent Gulf reports have charged the relationship goes beyond resource management, accusing Qatari officials of meeting with the head of Iran's Revolutionary Guard Corps.

Qatar Ports Management Company (Mwani) announced on Sunday two new shipping services will each run three times a week between Qatar's Hamad Port and the Omani ports of Sohar in the north and Salalah in the south.

Mogadishu has refused to side with the UAE, Bahrain and Saudi Arabia in their diplomatic offensive against Doha, despite pressures from the anti-Qatar camp.

Ankara has also called upon all countries involved to engage in dialogue in the hopes of coming to a peaceful solution with Foreign Minister Mevlut Cavusogl offering to help mediate disputes. Trump to discuss Qatar crisis with Erdoğan: Turkish FM Earlier, Foreign Minister Mevlüt Çavuşoğlu stated that U.S. President Donald Trump would discuss the crisis with Erdoğan in the near future.

Turkey has declared its full support to Qatar by offering food supplies and deploying its military troops in Qatar.

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