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Posted On: 19 August 2021 02:30 pm
Updated On: 19 August 2021 02:12 pm

UK Prince Andrew's friend named in UAE plot to ruin Qatar financially -- GCC Updates Week 218

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UK Prince Andrew's friend named in UAE plot to ruin Qatar financially -- GCC Updates Week 218 Shutterstock

Every Thursday, we bring you the latest GCC updates. Here's what happened in Week 217.

19 August 2021

We have solid historical relations with Kuwait and a promising future: Qatar Foreign Minister

UK Prince Andrew's friend named in UAE plot to ruin Qatar financially -- GCC Updates Week 218
Image credit: Sheikh Mohammed bin Abdulrahman Al-Than

H.E. Deputy Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani welcomed Dr. Ahmed Nasser Al-Mohammed Al-Sabah, Minister of Foreign Affairs of Kuwait, stressing the strong historical relations between Qatar and Kuwait. (Al-Sharq)

His Excellency said in a tweet on his Twitter account:

"I welcome my brother, His Excellency Dr. Ahmed Nasser Al-Mohammed Al-Sabah to his second homeland, Qatar. We have solid historical relations with Kuwait and a promising future, and we value its pioneering efforts in strengthening the pillars of peace and building international ties with both its humanitarian and political aspects.”

18 August 2021

Qatar's new envoy arrives in Egypt

UK Prince Andrew's friend named in UAE plot to ruin Qatar financially -- GCC Updates Week 218
Image credit: Shutterstock

Qatar's new ambassador to Egypt Salem Bin Mubarak Al-Shafi was welcomed in Cairo on 17 August 2021. He will most likely be presenting his credentials to Egypt's President Abdel Fattah Al-Sisi in the upcoming days before he officially takes up his position. (Middle East Monitor)

The position has been vacant since June 2017 when a blockade was imposed on Qatar by Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt, but has since been resolved earlier this year.

16 August 2021

UK Prince Andrew's friend named in plot to ruin Qatar financially

UK Prince Andrew's friend named in UAE plot to ruin Qatar financially -- GCC Updates Week 218
Image credit: Shutterstock

Prince Andrew's close friend and banker David Rowland has been named in an alleged international plot to financially ruin Qatar, as reported by the Daily Mail.

Based on the report, Rowland is not allowing access to his e-mail accounts voluntarily which may be able to shed some light on the role of the Banque Havilland, a Luxembourg-based bank owned by Rowland, in this plot of financially trying to manipulate the financial markets to destroy Qatar.

Qatar accuses Rowland of trying to cover up his alleged role in the plot which was carried out with institutions in Saudi Arabia and the UAE. Rowland is also Abu Dhabi's Crown Prince and the United Arab Emirates defacto ruler, Mohammed bin Zayed's friend. It's alleged that Banque Havilland helped Mohammed bin Zayed in plotting to attack Qatar's financial markets, just after the four GCC countries broke diplomatic relations with Qatar on 5 June 2017, reported Bloomberg.

Qatar filed a lawsuit against Banque Havilland in London in 2019 for its role in designing a plan to attack Qatar's currency and its financial markets. In addition, a separate lawsuit was filed in New York against two financial institutions that engaged in financial market manipulation, First Abu Dhabi Bank and Samba Bank, according to a Government Communications Office statement released on 9 April 2019.

Sources: Al-Sharq; MBA Al-Thani; Middle East Monitor; Bloomberg; Daily Mail; QNA
Cover image credit: Shutterstock

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