Gulf Dispute Over Qatar Ends, Envoys to Return
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SUBSCRIPTION TUESDAY, NOVEMBER 18, 2014 MUHARRAM 25, 1436 AH www.kuwaittimes.net War makes As fears rise Artist Wedad Ronaldo aims Kuwaiti kid in Myanmar, Al-Mutawa to outshine ask ‘Tell Rohingya living her Messi on return Me Why?’3 exodus14 grows passion39 to20 Manchester Gulf dispute over Qatar Min 11º Max 29º ends, envoys to return High Tide 08:23 & 21:14 MPs hail Amir’s success in resolving spat Low Tide 02:46 & 14:40 40 PAGES NO: 16346 150 FILS News By B Izzak and Agencies in brief DUBAI/KUWAIT: A spat over Qatar’s alleged support for the Muslim Brotherhood that alienated other members of the six-country Gulf Cooperation Council appears to Saudis to open stock have been resolved because of major regional chal- market to foreigners lenges. Possible concessions by Doha may also have RIYADH: Foreign institutional investors are expected to begin paved the way to overcoming the unprecedented dis- direct trading of Saudi Arabian stocks before April next year, pute. After a surprise mini-summit late Sunday in the Asharq Al-Awsat newspaper reported yesterday, quoting Riyadh, the leaders of Saudi Arabia, United Arab unnamed sources. In August, the Capital Market Authority Emirates (UAE) and Bahrain agreed to return their proposed rules for opening the market to direct investment ambassadors to Doha, eight months after withdrawing sometime in the first half of 2015, including a 10 percent cap them in protest at gas-rich Qatar’s “interference” in their on combined foreign ownership of the market’s value. At pres- affairs. ent, foreigners are limited to investing indirectly through Sunday’s reconciliation, which means the annual swaps and exchange-traded funds. Under the draft rules, for- GCC summit will now go ahead as planned in Doha next eign institutions would have to qualify for permission to month, comes amid security fears over the rise of radi- invest. For example, they would usually need to have at least cal jihadist groups in Syria and Iraq. Bahrain, Kuwait, $5 billion of assets under management, and investment expe- rience of five years. The final rules are expected to be Qatar, Saudi Arabia and the UAE have all joined a US-led announced before the end of this year, the Asharq Al-Awsat coalition against Islamist insurgents in Syria. Oman is reported yesterday. the only GCC member not to have done so. “What is important now is that the worst crisis to hit the GCC in its 33 years of existence is over,” Emirati political science Islamist group rejects professor Abdulkhaleq Abdulla said. UAE terror designation Qatar was accused of destabilising the region by sup- DUBAI: A group of Islamist scholars led by an influential porting the Muslim Brotherhood - branded a “terrorist” Qatar-based cleric expressed “astonishment” yesterday organisation by Saudi Arabia and the UAE - and other that their organisation had being designated a terrorist Islamist groups, notably in Syria and Libya. Yesterday, group by the United Arab Emirates (UAE). The Qatar’s foreign ministry hailed the outcome of the sum- RIYADH: HH the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah (center) takes part in a meeting with Saudi mit, including the decision to return the envoys to their International Union of Muslim Scholars urged the UAE King Abdullah (right), Qatari Emir Sheikh Tamim bin Hamad Al-Thani (left) and other Gulf leaders late to remove it from a list of 85 banned groups that the posts. Sunday in the Saudi capital. — KUNA (See Page 2) country, one of several Gulf Arab states that view politi- Continued on Page 13 cal Islam as a security threat, had named on Saturday. The inclusion of the group was “not based on any analy- PAGE PAGE sis or investigation, whether legal, logical or rational”, Western jihadists in the scholars said in a statement, which was co-signed Screaming fans dub by the union’s chairman, Egyptian-born Youssef Al- Qaradawi. “The Union expresses its complete and IS beheading video Modi a ‘rock star’ extreme astonishment of its inclusion by the UAE among the terrorists groups and rejects this description completely,” said the group, which says it seeks to pro- mote scholarship and awareness of Islam. India urges higher pay for Gulf workers NEW DELHI/DUBAI/RIYADH: India is pressing rich coun- So India’s campaign for much higher pay could have Y S Kataria, a spokesman for the Ministry of Overseas London attacker tries in the Gulf to raise the wages of millions of Indians an impact on economies around the region, especially if Indian Affairs (MOIA) in New Delhi, told Reuters. jailed for 18 years working there, in a drive that could secure it billions of it leads to a general increase in wages for workers from The success of India’s strategy is not yet clear, however. LONDON: A British judge yesterday handed out a life sen- dollars in fresh income but risks pricing some of its citi- other big labour-supplying countries such as Pakistan Officials in at least some GCC nations have expressed dis- tence with a minimum of 18 years in prison for a thief who zens out of the market. Over 5 million Indian nationals and Bangladesh. Over the past seven months, Indian pleasure, and the strategy could backfire if those coun- brutally attacked three sisters from the United Arab Emirates are believed to be employed in the oil exporting states of diplomats in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia tries end up hiring more workers from elsewhere in the in a London hotel room with a claw the Gulf, the single largest group in a migrant worker and the United Arab Emirates have sharply increased the world. “Of course it will encourage companies to look at hammer. Drug addict Philip Spence, 33, population of more than 20 million. Migrants do many of minimum salaries that they recommend for Indian work- Bangladesh and Pakistan as more viable options to get attacked the tourists as they slept with the dirty and dangerous jobs in the region, from con- ers at private and public firms in those states. “We want migrant workers,” said Mohammed Jindran, managing their children at the four-star Cumberland Hotel on April 6, in an inci- struction to the oil industry, transport and services. They the Indian workforce to be paid higher salaries. Inflation, director of UAE-based recruitment agency Overseas dent that raised concern about the safe- account for nearly half of the roughly 50 million popula- the value of the Indian currency and a rise in the cost of Labour Supply. ty of visitors from the Gulf. Afterwards tion of the six-nation Gulf Cooperation Council. living in the Gulf were the factors that led to the decision,” Continued on Page 13 he made off with iPads, gold jewellery and mobile phones, before dumping the claw hammer near the crime scene. The Emirati sisters - Ohoud, Khulood Kuwait to let banks Rights group: Philip Spence and Fatima Al-Najja - were sharing adjoining rooms in the hotel and had left their doors open to Tackle Qatar allow a fourth sister to return later. Spence crept in and was trade in derivatives seen by Khulood shortly before 1:30am, rifling through hand- bags. His subsequent sustained and ferocious attack left all labor abuses three women unconscious. He hit Ohoud, 34, so hard that her DUBAI: Kuwait’s dinar rose sharply against the US dollar report, saying the central bank had communicated its skull split open. She now has only five percent brain function, in the forwards market yesterday in response to news new policy at a meeting with banks on Sunday. DOHA: It took less than a year for Murali has lost one eye and cannot speak. Khulood, 37, and Fatima, that the Kuwaiti Central Bank would allow local banks to A senior trader at another Kuwaiti bank said his insti- Velayudhan’s dream to shatter. The Indian construc- 31, still require medical treatment for their injuries. deal in derivatives with foreign banks. Al Rai newspaper tution had not yet received any formal communication tion worker came to Qatar in October last year, hop- in Kuwait quoted an unnamed source as saying the cen- from the Central Bank, but was making preparations for ing to be one of thousands of migrant workers to tral bank had “informed treasury managers at banks that such trade. Contacted by Reuters, the Central Bank made benefit from a $200 billion building boom related to Vienna’s Saudi school it no longer objects to Kuwaiti banks dealing in deriva- no immediate comment. One-year dollar/dinar forwards the country’s hosting of the 2022 FIFA World Cup accused of anti-Semitism tives with foreign banks, as long as they deal in products dropped to 130 points, their lowest level since and other projects. Landing in Doha, Velayudhan VIENNA: Vienna’s school board is investigating the city’s approved by Central Bank regulations”. A trader at a November last year, from 265 points on Friday. was aware that Qatar, like other Gulf Arab states, Saudi Arabian school for reportedly teaching anti- Kuwait-based bank, contacted by Reuters, confirmed the Continued on Page 13 stood accused of encouraging modern slavery with Semitism in a history class. The probe is linked to a its treatment of migrant workers prompting interna- report by an Austrian news magazine. The magazine tional outrage. But he was determined to save mon- said a history book used by the school contains anti- ey for his family. Jewish material. It quoted the book as allegedly describ- But six months later the 42-year-old was heading ing Freemasons as “a Jewish, secret, subversive organi- back to India with no money and a debt that will zation focused on guaranteeing control of the world by take him a lifetime to repay.