Qatar will be allowed to attend Arab summit in Riyadh -MbS

Qatar will not be barred from attending an Arab summit in Saudi Arabia next month, Crown Prince Mohammed bin Salman said yesterday, The Associated Press reports. MbS, as he’s widely known, also predicted the standoff with Doha could last a “long time.” He also described Iran, Turkey and militant groups as the “contemporary triangle of evil.” Bloomberg also has the story.

Meanwhile, Qatar Airways says it expects to sustain heavy losses this year due to the boycott, CEO Akbar Al Baker tells Bloomberg. “The carrier will need to find new streams of financing to survive since it has no access to the equivalent of US Chapter 11 bankruptcy protection. That might include an equity injection, something the government is prepared for.”