Inside the Qatar Crisis

Inside the Qatar Crisis

The crisis was triggered in early June following a report on the state-run Qatar News Agency (QNA) website and social media accounts, in which the country’s Emir, Tamim bin Hamad Al Thani, criticized Saudi Arabia’s anti-Iranian rhetoric, among other controversial statements.

QNA immediately retracted what it termed “fake news,” and following an investigation, said the channel had been hacked by “neighboring” states which then used the QNA report as a pretext to impose the economic blockade.

In a press conference that was held at the Saudi Embassy in Canada on Tuesday, UAE, Saudi, and Egyptian ambassadors to Canada spoke about their counties’ diplomatic decision to boycott the State of Qatar.

UAE Ambassador, Mohammed Saif Hilal Al Shihi, Saudi Ambassador Naif Bin Bandir Alsudairy, and Egyptian Ambassador Moataz Zahran, explained how over the years, their countries have continually asked Qatar to stop undermining their security, and violating both bilateral and collective agreements signed between them.

In a joint statement last week, the ambassadors clarified their countries’ commitment to combating terrorism, drying up its sources of funding, and fighting extremist ideologies and the tools used to spread them. The statement also highlighted Qatar’s continued violation of its obligations and agreements including the pledge not to support or harbor elements or organisations that threaten the security of their countries.

The four Arab nations who initiated the diplomatic and economic blockade of Qatar will meet in Egypt to discuss further action after Doha rejected a list of 13 demands and the extended deadline passed.

Accusing Qatar of sponsoring terrorism, Saudi Arabia, United Arab Emirates, Bahrain, and Egypt issued a list of ultimatums to Qatar on June 22, after cutting ties with the country on June 5 for its alleged support of terrorism.

Following Qatar’s rejection of the demands, which include shutting down its news channel, Al Jazeera, ending support for the Muslim Brotherhood, downgrading ties with Iran, and closing a military base housing Turkish troops, the four Arab nations extended the previous 10-day deadline by another 48 hours.

Before the extended deadline expired, Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani once again rejected the ultimatum, calling some of the demands “unrealistic and… not actionable.”

“It’s not about terrorism, it’s talking about shutting down the freedom of speech,” he said.

The official rejection was delivered to the four states by the Kuwait emissary on Wednesday morning, just before the deadline expired. The contents of Qatar’s official response have not been disclosed.

“The four countries received the Qatari response through the state of Kuwait before the end of the extended period. And it will be responded to at the right time,” the Saudi Foreign Ministry tweeted.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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