Qatar establishing committee to pursue compensation claims

Posted July 10, 2017

Qatar's government says it is forming a committee to pursue compensation for damages stemming from its isolation by four Arab countries.

Meanwhile, Jarallah mentioned that his meeting with British Minister of State for the Middle East and North Africa Alistair Burt earlier was "positive" and "beneficial" for both sides, adding that it addressed the ongoing Gulf dispute and Britain's support of the Kuwaiti efforts to contain and end the dispute.

They also ordered Qatari citizens to leave their territories and took various steps against Qatari firms and financial institutions.

The UK Foreign Minister stressed his country's support to Kuwait's mediation efforts, led by Emir Sheikh Sabah al-Ahmed al-Jaber al-Sabah, to resolve the crisis.

Shut down Al-Jazeera TV network, cut back diplomatic ties with Iran, sever relations with the Muslim Brotherhood and end Turkey's military presence in Qatar are among the 13 demands, according to two Western diplomats in the region familiar with the document. That might have a negative impact on Qatar's sovereign credit fundamentals.

Qatar on Friday dismissed as "baseless" accusations that it was financing terrorism, in its first public response to a statement from four Arab states which are leading a boycott against the tiny emirate.

Qatar denies supporting extremism and sees the ultimatum as an affront to its sovereignty.

In a statement attributed to an unnamed senior foreign ministry official released later Friday, Qatar called allegations made by the quartet against it false and tantamount to "defamation in contradiction with the established foundations of global relations". Washington counts all five countries as important Mideast allies, and stations some 10,000 troops at a sprawling air base in Qatar that is vital for the campaign against the Islamic State group. He is expected to visit Kuwait on Monday, leaving open the possibility he may shuttle among the various countries involved.

"We have sovereign wealth funds of 250 percent of gross domestic product, we have Qatar Central Bank reserves, and we have a ministry of finance strategic reserve", the country's finance minister Ali Sharif al-Emadi told The Times, after his country rejected the list of demands.

Johnson said progress could be made to heal the rift between Qatar and other Arab states, although a solution was unlikely to be found immediately.