Qatar not afraid of blockade -says Finance minister

Qatar is rich enough to face threats of the blockade

Qatar's finance minister has said that the economic fundamentals of his country are in a better position than its rivals and that Doha is rich enough to face the threats of the blockade. Ali Sharif al-Emadi said the state's huge financial reserves, built on the sale of natural gas over decades, meant it could withstand sanctions.

"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," he told The Times. Although credit ratings agencies have downgraded Qatar's assessment of its financial outlook, Ali Sharif said the country was rich enough to sustain despite sanctions.

On Monday, Qatar delivered its response to a list of 13 demands from Saudi Arabia and the three other Arab countries that cut have ties with it and imposed a land, air and sea embargo amid a major diplomatic crisis.

Comments

World’s first sex shop shuts down, declares bankruptcy

Germany’s pioneering sex shop chain, Beate Uhse, said Friday that it has filed for insolvency, as the empire started by a female World War II pilot fails to rise to the challenge posed by erotic e-commerce. In its hey day, the group sold lingerie, erotic films and sex products. Uhse began her foray into erotic business in 1946, when she put together a pamphlet called “Document X” describing how women could avoid pregnancy. In post-war Germany, her advice was in high demand and she sold thousands of copies of her brochures. The mail order business thrived and the former fighter pilot and member of the Luftwaffe opened in 1962 her first shop in the German town of Flensburg. Named Institute of Marital Hygiene, the store selling lingerie and contraceptives became the world’s first sex shop. Her activities often ran counter to the morality of post-war Germany and she was called before the courts in thousands of legal suits filed against her. Yet she remained frank and unashamed about...

John McCain has brain cancer, his office says.

Veteran US Republican Senator John McCain has been diagnosed with brain cancer and is reviewing treatment options, according to his office. The options may include chemotherapy and radiation, his doctors said. The 80-year-old politician is in "good spirits" recovering at home. The tumour was discovered during a surgery to remove a blood clot from above his left eye last week. A Vietnam veteran, Mr McCain spent more than five years as a prisoner of war. The six-term senator and 2008 Republican presidential candidate underwent surgery at a clinic in Phoenix, in the state of Arizona, last Friday. Tissue analysis revealed that a primary brain tumour known as glioblastoma was associated with the clot, a statement from the Mayo Clinic said. "The senator's doctors say he is recovering from his surgery 'amazingly well' and his underlying health is excellent," it added.

When will President Buhari be considered incapacitated?

AT the homestretch of the 2015 presidential election, the Goodluck Jonathan’s re-election campaign team challenged then candidate Muhammadu Buhari to a sport contest. When the gauntlet was left unpicked, the team in a follow up, set the internet abuzz with the juxtaposition of the pictures of President Jonathan and members of his Federal Executive Council jogging and that of not-too-good- looking candidate Buhari. The challenge which came on the heels of simmering conjectures on the health condition of candidate Buhari was aimed at passing one message which is: President Jonathan is healthier than candidate Buhari to carry out the duties of the office of president of the Federal Republic of Nigeria. But was “health” given a premium in the election? The vuvuzelas of the opposition party was so fortissimo that not even the yawping of Governor Ayo Fayose of Ekiti state could be heard. They rally-cried “Nigeria sai changi” and people responded wi...

hakdown07

Search This Blog