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15 September 2017, 12:51 | Kara Nash
A TV grab of Dr. Khalid Mubarak Al-Shafi Editor-in Chief of The Peninsula on Qatar TV talk show ‘The Trut
A number of businessmen in Qatar have called for greater support for national products and for products from boycotting countries not to be imported.
Bahrain's financing costs had already been worsened as it dealt with rapidly mounting debt, as well as an increase in debt issued from other GCC states, and rising USA interest rates since 2014.
The four boycotting countries later demanded that Doha downgrade its ties with Iran even as Doha had already recalled its ambassador.
Led by Saudi Arabia, several states in the Middle East and Africa have cut diplomatic and connection ties with Qatar since June 5, accusing the gas-rich Gulf state of supporting terrorism and Iran.
Qatar's foreign minister used a fiery opening statement at an Arab League summit to praise Iran, the regional foe of Saudia Arabia, as an "honourable country".
Moody's said in a report that the dispute is credit negative for all members of the Gulf Cooperation Council (GCC), although Qatar and Bahrain are the most exposed to risk. "If the Qatari brothers think that if the rapprochement with Iran would serve their interests, they are carrying out matters in a wrong way and they will be accountable for that", he said.
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The Islamic Republic has repeatedly underlined the need for dialogue between the Arab countries to settle the dispute. "The Qataris will be held responsible for such a decision". Reacting to it, Qattan said that Qatar would regret its relations with Iran, recalling the Iranian conspiracy against the Gulf states.
He further criticized what he called Qatar's "historic support" for terrorism and extremist factions.
"Then we saw this vicious media campaign against Qatar, waged by rabid dogs backed by some regimes", Muraikhi said, adding, "Mr Anwar [Gargash] forgot to mention that the four blockading countries tried a military action against my country in 1996".
Qatari Emir Sheikh Tamim bin Hamad Al Thani is due in Turkey on his first foreign trip since a diplomatic crisis erupted between his small energy-rich nation and other Arab states.
Qatar recalled its ambassador to Tehran in January previous year after Saudi Arabia cut ties with the Islamic Republic, following angry protests held outside its embassy in Tehran and consulate in Mashhad against the kingdom's execution of senior Shiite cleric Ayatollah Nimr al-Nimr.
Egyptian Foreign Minister Sameh Shoukry said Muraikhi's comments were unacceptable.
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