Saudi Arabia hints at plan to turn Qatar into an island

Saudi Arabia hints at plan to turn Qatar into an islandA Saudi official hinted Friday the kingdom was moving forward with a plan to dig a canal that would turn the neighbouring Qatari peninsula into an island, amid a diplomatic feud between the Gulf nations. “I am impatiently waiting for details on the implementation of the Salwa island project, a great, historic project that will change the geography of the region,” Saud al-Qahtani, a senior adviser to Crown Prince Mohammed bin Salman, said on Twitter. The plan, which would physically separate the Qatari peninsula from the Saudi mainland, is the latest stress point in a highly fractious 14-month long dispute between the two states.


Source: Yahoo! News

Qatar promises $15 bn investment in Turkey: presidency

Qatar promises $15 bn investment in Turkey: presidencyQatar on Wednesday promised to make a $15 billion direct investment in Turkey, badly hit by a currency crisis amid a widening diplomatic standoff with the United States, officials said. “Qatar has pledged $15 billion of direct investments in Turkey,” presidential spokesman Ibrahim Kalin wrote on Twitter. The announcement came after Qatar’s emir Sheikh Tamim bin Hamad Al-Thani held lunchtime talks with Turkish President Recep Tayyip Erdogan.


Source: Yahoo! News

Qatar Comes to Rescue as Turkey Moves to Avert Financial Crisis

  1. Qatar Comes to Rescue as Turkey Moves to Avert Financial Crisis  Bloomberg
  2. The crisis in Turkey is being caused by the US Fed, and we are only at the beginning  Business Insider
  3. There’s still value in select Turkish assets, fund manager says. Here’s where to find it  CNBC
  4. Worried About Turkey’s Economic Problems? China’s Could Be Worse  New York Times
  5. Full coverage


Source: Google News