Money Qatar investigates alleged currency plot

17:02  13 november  2017
17:02  13 november  2017 Source:   AFP

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Qatar is investigating an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis, now in its sixth month, a The Qatari claim comes just days after The Intercept, a US-based investigative website, said it had uncovered a UAE plot to "wage financial war" on Doha.

Doha (AFP) - Qatar is investigating an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis, now in its sixth The Qatari claim comes just days after The Intercept, a US-based investigative website, said it had uncovered a UAE plot to “wage financial war” on Doha.

A man looks at his phone on the corniche of Qatar's capital Doha on July 2, 2017 © Provided by AFP A man looks at his phone on the corniche of Qatar's capital Doha on July 2, 2017 Qatar is investigating an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis, now in its sixth month, a government spokesman said Sunday.

The director of Qatar's government communications office said an unnamed global financial institution -- partly owned by United Arab Emirates investors -- had been instructed to stop trading Qatari riyals across Europe and Asia.

Saif al-Thani's claim is the latest development in an increasingly complex and bitter crisis.

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Qatar is investigating an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis, now in its sixth month, a government spokesman said Sunday.

DOHA, Qatar – Qatar is investigating an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis, now in its 6th The Qatari claim comes just days after The Intercept, a US-based investigative website, said it had uncovered a UAE plot to "wage financial war" on Doha.

Since June 5, Qatar has been diplomatically, politically and economically boycotted by the UAE, Saudi Arabia, Bahrain and Egypt over charges Doha supports terrorism.

Doha denies the accusations.

"If this financial warfare is true, it is disgraceful and dangerous not only to Qatar's economy but the global economy," Thani told AFP.

"One of the financial institutions stopped trading in riyals for a few days and it was only when we reached out to them" that it resumed, he said.

Qatar's intelligence agencies are carrying out an investigation and "have engaged with law enforcement officials in the relevant jurisdictions", he said.

The Qatari claim comes just days after The Intercept, a US-based investigative website, said it had uncovered a UAE plot to "wage financial war" on Doha.

Rea moves into second on all-time WorldSBK winners list

  Rea moves into second on all-time WorldSBK winners list Jonathan Rea moved into second in the all-time World Superbike winners list after taking his 53rd victory in dominant fashion in race one in Qatar. The Northern Irishman – who took his first win in WorldSBK at Misano in 2009 – eased to pole position at Losail earlier on Friday evening with a new lap record, and a 15th win of his third title-winning season never looked in doubt. Rea streaked almost a second clear of the field by the end of lap one and cruised across the line to his first Losail victory to move ahead of fellow triple world champion Troy Bayliss in the all-time winners list. Despite the record looming over his head prior to the Qatar round, Rea admits it never crossed his mind and his aim was simply to add to his win tally in 2017 at a circuit Kawasaki had never taken to the top step of the podium at. “It is nice to score one more win than Troy, but I never though about the stats at all,” said Rea, who now sit just six away from the all-time record of 59 set by WorldSBK legend Carl Fogarty. “I never thought about the potential points record or anything. I just wanted to win a race here. “I never thought about the potential points record or anything. Now that looks – with the way I rode today – like it is possible. “I thought coming here to win, where Chaz (Davies) was so strong last year, would be really difficult. “But it seems like we have found a little bit extra this end of season, to be honest.

DOHA: Qatar is investigating an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis, now in its sixth month, a The Qatari claim comes just days after The Intercept, a US-based investigative website, said it had uncovered a UAE plot to “wage financial war” on Doha.

Qatar is investigating an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis, now in its sixth month, a The Qatari claim comes just days after The Intercept, a US-based investigative website, said it had uncovered a UAE plot to "wage financial war" on Doha.

It claimed leaked emails belonging to the UAE's ambassador in Washington, Yousef al-Otaiba, revealed a complex plan to attack the riyal through bond and derivatives manipulation.

The plan allegedly aimed to destabilise Qatar's economy to the extent that it would have to give up the right to host the football World Cup in 2022.

Al-Thani said Qatar had become aware of the currency issue in July but was revisiting the issue following recent media reports.

"Definitely they are attacking 2022 in one way or another," he said.

Qatar is the first Arab country to be chosen to host the FIFA World Cup and has launched massive construction projects in preparation, triggering a huge influx of migrant labour.

The UN's labour agency on Wednesday closed a three-year probe into the alleged mistreatment of those workers, praising a reform plan agreed by the emirate.

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Sykes 'happy to put 2017 in a box' after race two crash cost him second in standings .
Tom Sykes says he is putting the 2017 season ‘in a box’ after a crash in the early stages of race two cost him the chance to fight for runner-up spot in the championship. The Kawasaki rider endured a tough Qatar weekend from the outset, with an engine failure in second practice robbing him of race set-up time, while a suspected faulty rear Pirellityre saw him struggle to sixth in race one. 10 points down on Ducati’sChaz Davies in their battle for second, Sykes was in the podium places when he touched a white line rounding Turn 14 and slid into retirement. Sykes – who broke his finger and wrist in a crash in Portugal in September – praised his riding gear for making sure he remained unscathed in the crash, and concedes taking second from Davies would have been difficult given the Welshman’s pace in second in the race. “I’m absolutely OK. My gear did its job, Dainese and Shark did their job and I have walked away from that one,” said Sykes. “There is nothing much to say really. I am just disappointed. “We made some small steps with the bike, it felt better than it has done all weekend and I am confident that the bike, even if it wasn’t quick on initial lap time, if there’s one thing for certain it would have stayed flat for the race. “So I was excited after the first couple of laps, but unfortunately it’s a small error. “I ran maybe 2cm tighter, just touched a white line on a fast turn. There was obviously a little bit of sand on there and I lost traction at full lean angle.

Source: http://uk.pressfrom.com/news/money/-224177-qatar-investigates-alleged-currency-plot/

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