Connect with us

Hi, what are you looking for?

World News

UAE withdraws bid for 2026 World Bank-IMF meetings in favor of Qatar

DOHA — The United Arab Emirates (UAE) has withdrawn its bid to host the 2026 World Bank and International Monetary Fund (IMF) meeting and will instead support Qatar as a potential host, the office of Qatar’s emir and the UAE’s state news agency said on Sunday, in the latest sign of warming ties between the Gulf neighbors.

The decision came during a phone call between UAE President Sheikh Mohammed bin Zayed Al Nahyan and Qatar’s emir Sheikh Tamim bin Hamad al-Thani, statements from state news agency WAM and the Amiri Diwan said.

In Sunday’s phone call, Sheikh Mohammed pledged the UAE’s support for Qatar’s bid to host the meetings and “wished the Emir and the people of Qatar every success in hosting this global gathering,” WAM’s statement said. The two leaders also “explored areas for further collaboration,” the statement said.

Saudi Arabia, the UAE, Bahrain and Egypt in early 2021 ended a 3-1/2 year embargo on ties with Qatar, but relations between Doha and Abu Dhabi had not warmed up at the same pace as those with Riyadh and Cairo, which re-established diplomatic ties with Doha.

The political dispute that had seen Riyadh and its allies sever all ties with Qatar — over its support for Islamist groups that they deem a threat to Gulf dynastic rule and its ties with rivals Iran and Turkey – had shattered the six-nation Gulf bloc.

But relations between Abu Dhabi and Doha have warmed in recent months with Sheikh Mohammed visiting Qatar during the soccer World Cup last December.

Bahrain and Qatar last month held the first round of bilateral talks aimed at repairing relations. Abu Dhabi, like Manama, has not appointed an envoy to Doha, but restored travel and trade links with Qatar. — Reuters

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

World News

Toronto’s school board has become the first in Canada to recognize that caste discrimination exists in the city’s schools and has asked a provincial...

World News

LONDON/MILAN/FRANKFURT/NEW YORK — The world’s top consumer and luxury goods companies have seen sales of everything from cosmetics tocondoms grow in China since Beijing ended strict COVID-19...


By Alyssa Nicole O. Tan THE Philippine Chamber of Commerce and Industry (PCCI) said regional wage boards are the appropriate venue for setting the...


FINANCIAL institutions need to consider serving more female-owned micro-, small- and medium-sized enterprises (MSMEs), which are disadvantaged in accessing capital relative to male-owned businesses,...

Dislaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023 All Rights Reserved. Spirit