Nepal, Qatar agree to increase cooperation in various sectors
The governments of Nepal and Qatar on Wednesday reached agreements on bilateral cooperation in various sectors.
Bahrain says it is cutting diplomatic ties to Qatar amid a deepening rift between Gulf Arab nations.
Bahrain's Foreign Affairs Ministry issued a statement early on Monday saying it would withdraw its diplomatic mission from the Qatari capital of Doha within 48 hours and that all Qatari diplomats should leave Bahrain within the same period.
The ministry's statement said Qatari citizens needed to leave Bahrain within two weeks and that air and sea traffic between the two countries would be halted. It wasn't immediately clear how that would affect Qatar Airways, one of the region's major long-haul carriers.
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Bahrain blamed Qatar's "media incitement, support for armed terrorist activities and funding linked to Iranian groups to carry out sabotage and spreading chaos in Bahrain" for its decision. Qatar had no immediate comment.
"A further increase in policy uncertainty from already high levels could dampen confidence and investment and trigger financial market stress," the World Bank said.
Meanwhile, rising debt and deficits in emerging market economies remain a concern, making them "more vulnerable to financing shocks."
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