Qatar tensions easing? Qatari officials are ready to consider the concerns of their neighbors and respond to these efforts, said Kuwait’s Foreign Minister Sheikh Subah Khaled Al Subah in a statement. He added that resolving the rift was an inevitability. "Is this the beginning of wisdom and reasonable thinking? I hope so," UAE minister of state for foreign affairs Anwar Gargash said, according to Reuters. The UAE, Saudi Arabia and Bahrain issuedjoint statements announcing setting up of a hotline to handle humanitarian issues of Qataris. The Financial Times is noting the timing of this easing follows a call by US Secretary of State Rex Tillerson to the GCC to ease the blockade on Qatar. The move, however, follows Egypt raising its threat level out of concerns of an escalation of terror attacks following Qatar’s blockade.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…