Gulf Countries Critical Of Qatar’s Support For Muslim Brotherhood Recall Ambassadors
Qatar’s stock market dove on the revelation.
The decision followed a Gulf foreign ministers meeting in Riyadh Tuesday, as they failed to convince Qatar to implement an accord that stops “support for anyone who threatens the security and stability of GCC countries,” they said in their statement.
In February, the UAE summoned Qatar’s Ambassador and issued a Letter of Protest in response to criticism by a Doha-based cleric called Yusuf al-Qaradawi, he is known to have close ties with Qatari Royals and expresses support for the Muslim Brotherhood.
“This has to deal with Qatar’s continued support for the Muslim Brotherhood,” Theodore Karasik, director of research at the Institute for Near East and Gulf Military Analysis in Dubai, said in an interview. “Members and supporters of the Islamic group are criticizing GCC countries from Doha.”
Qatar’s QE Index fell 2.3% as of 12:24 p. in Doha.
Dubai’s DFM General Index fell 0.9 before paring losses to 0.1%.
A Qatar’s foreign ministry official declined to comment when contacted by phone.
Latest posts by Paul Ebeling (see all)
- Miners Fear Ghana Power Rationing Dampening Sector’s Performance - December 21, 2014
- Healthy Dubai Real Estate Market Can Ride Out Cheap Crude Oil - December 21, 2014
- GOP Takes ‘Wait and See’ Attitude on Jeb Bush - December 21, 2014
- Google (NASDAQ:GOOG) Files Motion To Block Criminal Investigation - December 21, 2014
- De Blasio, Sharpton ‘Have Blood on Their Hands’ - December 20, 2014
Google (NASDAQ:GOOG) Files Motion To Block Criminal Investigation $SNE, $GOOG, ... read more
US Money, Before The Treasury Stepped In Was Not The ... read more
LME Base Metal Prices Finish Higher Friday The base metal ... read more
Caviar Season Is Here, It Goes With Champagne It is ... read more