Economy
Dubai Ports Ease Qatar Cargo Ban After Similar Abu Dhabi Measure
Dubai’s biggest port operator has followed Abu Dhabi in advising that third-party shippers can now move cargo to and from Qatar, seemingly easing restrictions in place for nearly two years.
Qatari-flagged ships and vessels with Qatari owners are still prohibited, DP World Ltd., which runs the Jebel Ali port, said in a circular dated Feb. 21. Other vessels coming from or traveling to Qatar and ships carrying cargo between Qatar and the United Arab Emirates are not barred. Abu Dhabi Ports issued a similar statement to shippers on Feb. 12.
The U.A.E., Saudi Arabia, Bahrain and Egypt cut diplomatic and trade links with Qatar in 2017, accusing the gas-rich country of maintaining close ties with Iran and supporting terrorism. Qatar denies both charges.
DP World’s position contrasts with the U.A.E.’s Federal Transport Authority denial of any adjustment to the embargo of Qatar. The transport authority, which also released its statement on Feb. 21, said the Abu Dhabi Ports circular was “misinterpreted” and it would issue a clarification to ports. Officials at the FTA haven’t responded to repeated Bloomberg requests for the clarification.
Read: U.A.E. Says Qatar Embargo Stands After Trade Ban Seemed Eased
The circulars “intimate that the restrictions have been slightly eased,” law firm Clyde & Co. said in a note, adding that confusion remains because the FTA has said the embargo on Qatar still stands. “It’s not clear whether Abu Dhabi Port Authority or DP World will issue further circulars to change their position, or indeed whether other ports will follow suit.”
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, October 24
-
OER Magazines2 months ago
Signature, October 24
-
Magazines2 months ago
OER, October 24
-
Oman1 month ago
Shell Oman Partners with Oneroad Automotive Gives Away 2 Forthing Cars as Part of its ‘Win Big’ Campaign
-
Alamaliktistaad Magazines3 weeks ago
Al-iktisaad, November 24
-
Energy2 weeks ago
OUTLOOK: Emerging Markets and Renewables – The Twin Engines of Energy Growth for 2025
-
News3 weeks ago
Mitsubishi X-force Joins Sayarti’s Fleet: A New Era of Elegance and Performance
-
Auto2 months ago
Moosa Abdul Rahman Hassan & Co. Celebrates Launch of 2025 Suzuki Swift and Opening of New Suzuki Showroom in Azaiba
You must be logged in to post a comment Login