07-03-2017, 09:54 PM
*** 4-Jul-17 World View -- Saudi Arabia threatens further sanctions against Qatar if demands are not met
This morning's key headlines from GenerationalDynamics.com
****
**** Saudi Arabia extends sanctions deadline for two days
****
![[Image: g170703b.jpg]](http://Media.GenerationalDynamics.com/ww2010/g170703b.jpg)
Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani (L) and Kuwaiti Foreign Minister Sheikh Sabah Khaled Al Sabah walk together on an airport tarmac in Kuwait. (AP)
Sunday was the original deadline set by the four countries Saudi
Arabia, United Arab Emirates (UAE), Bahrain and Egypt for Qatar to
meet the 13 demands that these four countries say must be met in order
for the June 5 land, sea and air blockade of Qatar to be lifted. The
blockade has split the Gulf Cooperation Council (GCC), a group of Arab
nations (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United
Arab Emirates (UAE)) on the Arabian Gulf.
However, at the request of Kuwait's 88-year-old emir ruler, Sheikh
Sabah Al Sabah, the four countries have agreed to extend the deadline
for two days, until Tuesday. Sabah has been trying to mediate an end
to the crisis, as he did in another dispute in 2014 among the same
parties.
The demands listed by the Saudi-led four-nation bloc
include: sever most ties with Iran; sever all ties
to the Muslim Brotherhood; shut down al-Jazeera; terminate Turkey's
military presence in Qatar; pay reparations and compensation for loss
of life and other, financial losses caused by Qatar’s policies in
recent years.
Saudi Arabia has stated that the 13 demands are non-negotiable. Qatar
has said that the demands are so harsh that they "were meant to be
rejected." Some reports indicate that there's been a slight softening
of positions on both sides, thanks to Kuwait's mediation, but that the
two sides are still very far from agreement.
According to one analyst:
> [indent]<QUOTE>"The thirteen demands ... are viewed [by Qatar] as
> crossing all sorts of lines and essentially would see the
> surrender of Qatari sovereignty.
>
> This is not something Qatar is going to adhere to, whether the
> deadline is today, in two days’ time or a week’s time. [The
> extended deadline is] a way in which Saudi Arabia and the United
> Arab Emirates can appear to be not as inflexible as their demands
> make out."<END QUOTE>[/indent]
Qatar has particularly said that under no circumstances will
al-Jazeera be shut down. Turkey's deputy prime minister Numan
Kurtulmus ridiculed the list of demands, and said that Turkey has no
intention to shut down its military base in Qatar: "Turkey’s base in
Qatar is not just about Qatar’s security it is about the security of
the region."
However, Mark Wallace of the Washington-based Counter Extremism
Project says that Qatar harbors terrorists and is a funder of
extremist groups: "Qatar has a long history of providing support for
extremism and terrorism, including but not limited to vast financial
and material support to internationally designated terrorist groups
and willing accommodation of internationally designated or wanted
terrorist leaders and financiers." Radio France Internationale and Reuters and AP and Politico
****
**** Saudi Arabia and UAE threaten Qatar with additional sanctions
****
Qatar officials and supporters are claiming that Qatar is handling the
blockade and sanctions fairly effortlessly. Qatar's only land border
is with Saudi Arabia, and that has been closed by the blockade, but
Qatar's stores are well-stocked with food and other consumer items
that have been imported from Iran and Turkey, who have been supporting
Qatar.
Furthermore, Qatar is an extremely wealthy country, with a great deal
of foreign income coming from oil and gas industries. Qataris point
out that the hundreds of billions of dollars in its sovereign wealth
fund would cover more than a decade of imports from Iran, Turkey and
other countries, even though there have been significant prices
increases on groceries and other consumer items.
However, Saudi Arabia, UAE, Bahrain and Egypt are planning to meet on
Wednesday to discuss additional steps to take, including new
sanctions. Saudi-based economist Hussein Shobokshi says that the new
sanctions will be a "terrifying tsunami" for Qatar's economy. They
potentially include the following:
According to Shobokshi, "Any Qatari funds, direct or indirect, public
or private, are not welcome in these countries."
If the GCC counties pull their deposits out of Qatar banks, it may
trigger a panic on Qatar's riyal currency. In fact, the first signs
of this have already appeared: Several British banks have stopped
dealing in riyal currency at all, for fear that a panic will cause the
riyal to go into free fall, leaving the banks with big losses on their
holdings of the currency. These banks include Barclays, Lloyds Bank,
Royal Bank of Scotland and Halifax Bank. The Peninsula (Qatar) and Asharq Al-Awsat (London) and The Peninsula (Qatar) and The National (UAE) and Reuters
Related Articles
****
**** North Korea launches another ballistic missile
****
On Tuesday morning local time, as this article is being posted, North
Korea launched what appeared to be a new ballistic missile test.
South Korea's new president Moon Jae-in had hoped to resolve the North
Korea nuclear missile crisis by means of peaceful negotiations, but
Moon's Pollyannaish hopes keep getting disappointed by North Korea's
actions, which make it clear that North Korea is not interested in any
negotiations. Many analysts believe that North Korea will be able to
deliver a nuclear weapon to American mainland soil within a year or
two. Yonhap (Seoul)
Related Articles
KEYS: Generational Dynamics, Saudi Arabia, Qatar,
Turkey, Numan Kurtulmus,
United Arab Emirates, UAE, Kuwait, Oman, Iran, Egypt,
Gulf Cooperation Council, GCC, Bahrain,
al-Jazeera, Israel, Muslim Brotherhood,
Mark Wallace, Counter Extremism Project,
Hussein Shobokshi, Barclays, Lloyds Bank,
Royal Bank of Scotland and Halifax Bank,
North Korea, South Korea, Moon Jae-in
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
This morning's key headlines from GenerationalDynamics.com
- Saudi Arabia extends sanctions deadline for two days
- Saudi Arabia and UAE threaten Qatar with additional sanctions
- North Korea launches another ballistic missile
****
**** Saudi Arabia extends sanctions deadline for two days
****
Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani (L) and Kuwaiti Foreign Minister Sheikh Sabah Khaled Al Sabah walk together on an airport tarmac in Kuwait. (AP)
Sunday was the original deadline set by the four countries Saudi
Arabia, United Arab Emirates (UAE), Bahrain and Egypt for Qatar to
meet the 13 demands that these four countries say must be met in order
for the June 5 land, sea and air blockade of Qatar to be lifted. The
blockade has split the Gulf Cooperation Council (GCC), a group of Arab
nations (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United
Arab Emirates (UAE)) on the Arabian Gulf.
However, at the request of Kuwait's 88-year-old emir ruler, Sheikh
Sabah Al Sabah, the four countries have agreed to extend the deadline
for two days, until Tuesday. Sabah has been trying to mediate an end
to the crisis, as he did in another dispute in 2014 among the same
parties.
The demands listed by the Saudi-led four-nation bloc
include: sever most ties with Iran; sever all ties
to the Muslim Brotherhood; shut down al-Jazeera; terminate Turkey's
military presence in Qatar; pay reparations and compensation for loss
of life and other, financial losses caused by Qatar’s policies in
recent years.
Saudi Arabia has stated that the 13 demands are non-negotiable. Qatar
has said that the demands are so harsh that they "were meant to be
rejected." Some reports indicate that there's been a slight softening
of positions on both sides, thanks to Kuwait's mediation, but that the
two sides are still very far from agreement.
According to one analyst:
> [indent]<QUOTE>"The thirteen demands ... are viewed [by Qatar] as
> crossing all sorts of lines and essentially would see the
> surrender of Qatari sovereignty.
>
> This is not something Qatar is going to adhere to, whether the
> deadline is today, in two days’ time or a week’s time. [The
> extended deadline is] a way in which Saudi Arabia and the United
> Arab Emirates can appear to be not as inflexible as their demands
> make out."<END QUOTE>[/indent]
Qatar has particularly said that under no circumstances will
al-Jazeera be shut down. Turkey's deputy prime minister Numan
Kurtulmus ridiculed the list of demands, and said that Turkey has no
intention to shut down its military base in Qatar: "Turkey’s base in
Qatar is not just about Qatar’s security it is about the security of
the region."
However, Mark Wallace of the Washington-based Counter Extremism
Project says that Qatar harbors terrorists and is a funder of
extremist groups: "Qatar has a long history of providing support for
extremism and terrorism, including but not limited to vast financial
and material support to internationally designated terrorist groups
and willing accommodation of internationally designated or wanted
terrorist leaders and financiers." Radio France Internationale and Reuters and AP and Politico
****
**** Saudi Arabia and UAE threaten Qatar with additional sanctions
****
Qatar officials and supporters are claiming that Qatar is handling the
blockade and sanctions fairly effortlessly. Qatar's only land border
is with Saudi Arabia, and that has been closed by the blockade, but
Qatar's stores are well-stocked with food and other consumer items
that have been imported from Iran and Turkey, who have been supporting
Qatar.
Furthermore, Qatar is an extremely wealthy country, with a great deal
of foreign income coming from oil and gas industries. Qataris point
out that the hundreds of billions of dollars in its sovereign wealth
fund would cover more than a decade of imports from Iran, Turkey and
other countries, even though there have been significant prices
increases on groceries and other consumer items.
However, Saudi Arabia, UAE, Bahrain and Egypt are planning to meet on
Wednesday to discuss additional steps to take, including new
sanctions. Saudi-based economist Hussein Shobokshi says that the new
sanctions will be a "terrifying tsunami" for Qatar's economy. They
potentially include the following:
- Withdrawing the four countries' deposits from Qatari banks, in
order to weaken the Qatari currency, the riyal. There has already
been significant weakening of the riyal, although it's partially
recovered since Qatar injected billions of dollars from its sovereign
wealth fund.
- Revoking licenses of Qatari bank branches in these countries.
- Halting activities pertinent to retail, telecommunications, and
real-estate investment.
According to Shobokshi, "Any Qatari funds, direct or indirect, public
or private, are not welcome in these countries."
If the GCC counties pull their deposits out of Qatar banks, it may
trigger a panic on Qatar's riyal currency. In fact, the first signs
of this have already appeared: Several British banks have stopped
dealing in riyal currency at all, for fear that a panic will cause the
riyal to go into free fall, leaving the banks with big losses on their
holdings of the currency. These banks include Barclays, Lloyds Bank,
Royal Bank of Scotland and Halifax Bank. The Peninsula (Qatar) and Asharq Al-Awsat (London) and The Peninsula (Qatar) and The National (UAE) and Reuters
Related Articles
- Al-Jazeera may be at the center of the Gulf crisis with Qatar (25-Jun-2017)
- Qatar-Arab crisis is unlikely to be resolved soon (13-Jun-2017)
- Saudi Arabia and other Arab nations cut ties with Qatar in new Mideast crisis (06-Jun-2017)
- Gulf Arab states have major split over Egypt and Iran (06-Mar-2014)
- Arab League holds annual meeting among bitter splits (26-Mar-2014)
****
**** North Korea launches another ballistic missile
****
On Tuesday morning local time, as this article is being posted, North
Korea launched what appeared to be a new ballistic missile test.
South Korea's new president Moon Jae-in had hoped to resolve the North
Korea nuclear missile crisis by means of peaceful negotiations, but
Moon's Pollyannaish hopes keep getting disappointed by North Korea's
actions, which make it clear that North Korea is not interested in any
negotiations. Many analysts believe that North Korea will be able to
deliver a nuclear weapon to American mainland soil within a year or
two. Yonhap (Seoul)
Related Articles
- North Korea launches another ballistic missile test, as talk of war increases (29-May-2017)
- North Korea test-fires another ballistic missile (22-May-2017)
- North Korea sends a message with a medium range ballistic missile test (15-May-2017)
- Ancient tensions flare between China and North Korea (08-May-2017)
KEYS: Generational Dynamics, Saudi Arabia, Qatar,
Turkey, Numan Kurtulmus,
United Arab Emirates, UAE, Kuwait, Oman, Iran, Egypt,
Gulf Cooperation Council, GCC, Bahrain,
al-Jazeera, Israel, Muslim Brotherhood,
Mark Wallace, Counter Extremism Project,
Hussein Shobokshi, Barclays, Lloyds Bank,
Royal Bank of Scotland and Halifax Bank,
North Korea, South Korea, Moon Jae-in
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
