Published: Thu, June 08, 2017
Money | By Armando Alvarado

Qatar blames current crisis on fake news inserted by hackers

Qatar blames current crisis on fake news inserted by hackers

"During my recent trip to the Middle East I stated that there can no longer be funding of Radical Ideology", Trump tweeted.

It said Qatar may need to tap its sovereign wealth fund and central bank reserves to offset a major outflow of funds, and considers foreign financing of the economy to be at an elevated risk.

The broadside came as Kuwait's ruler flew to Saudi Arabia to try to resolve the split.

The French president had already talked with the Qatari emir on Tuesday, as well as Turkish President Recep Tayyip Erdogan, who backs Doha, and Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan.

The Qatari Interior Ministry said late Wednesday that the website of the Qatar News Agency was initially hacked in April with "high techniques and innovative methods". The reason given for this move was Qatar s support of terrorism and its hand in destabilising the region.

As anger mounted in Saudi Arabia and the United Arab Emirates, Qatar's foreign minister tried to limit the fallout.

Analysts said Trump's public support for Saudi Arabia has emboldened the regime to adopt a more hawkish regional diplomacy.

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Jason Tuvey, economist at Capital Economics in London, said the impact on crude oil markets will "likely be limited" largely because Qatar is one of the smaller producers within the OPEC oil cartel, with daily production of some 0.6 million barrels. The UAE, Saudi Arabia and Bahrain also closed their airspace for Qatari planes.

Saudi Arabia, Egypt, the United Arab Emirates, Bahrain, Libya, and several other Sunni-led Arab nations have severed diplomatic relations, cut off transport routes, and suspended other ties with Qatar, accusing it of getting too close to Iran and funding "extremist" groups.

Both Qatar and the USA sought to show the rift wasn't affecting military co-operation.

French President-elect Emmanuel Macron attends a ceremony commemorating the abolition of slavery, in Paris, Wednesday, May 10, 2017. "Our relationship with the US speaks for itself". An Omani diplomat travelled to Qatar on Monday.

Beyond its role in the fight against ISIS, some flights supporting the war in Afghanistan also leave from al-Udeid.

In announcing it was cutting ties, Riyadh accused Doha of harboring "terrorist and sectarian groups that aim to destabilize the region including the Muslim Brotherhood, Daesh and Al Qaeda".

Qatar has an independent streak that has often angered its neighbors, attracting criticism for supporting Islamist rebels in Syria, and in 2013, the Afghan Taliban opened a Doha office.

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