Qatar and France bolster ties

Reuters / No Comments Share:
af/Treviño/CC0
af/Treviño/CC0

DOHA (Reuters) – Qatar will buy fighter jets and armoured vehicles as part of 12 billion euros worth of commercial contracts it agreed with France yesterday, bolstering its military capability and its international ties as it faces a boycott by other Arab states.

For in depth analysis of Cambodian Business, visit Capital Cambodia
.

The latest contracts underscored how Doha can use the wealth it has accumulated as the world’s biggest exporter of liquified natural gas to defy some of the largest and wealthiest Arab countries.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and trade relations with the emirate almost six months ago. They accuse the Qataris of backing terrorism, which Qatar denies.

“Our position on this blockade was very clear. Qatar’s position was very clear – to resolve this problem, if we saw problems between us and our neighbours – we should be at a table and speak honestly,” Emir Sheikh Tamim bin Hamad al-Thani said at a news conference alongside French President Emmanuel Macron.

Macron, who has tried to play a mediation role between the sides, was in Doha to discuss how to combat the financing of terrorism at a time when the Middle East is locked in a regional power struggle between Sunni Saudi Arabia and Shi’ite Iran.

“Restoring stability to the Gulf is a priority for us because we have a lot of friends here,” Macron said. “Our wish is that we find a quick resolution to today’s situation.”

Paris has strong commercial and political ties with Qatar. It has promoted deeper business interests in the country and encouraged Qatari investment in France, where the Gulf state already has assets of about $10 billion.

Macron said some 12 billion euros ($14.13 billion) worth of deals were agreed yesterday. They included Qatar’s taking up an option from 2015 to buy 12 more Dassault Aviation-made Rafale fighters.

Share and Like this post

Related Posts

Previous Article

Lyft puts driverless cars to work in the city of Boston

Next Article

It’s high time for hydroponics