Today: Wednesday, 29 May 2024 year

Qatar finance minister visits Egypt

Qatar finance minister visits Egypt

Qatari Finance Minister Ali al-Emadi paid a visit to Egypt for the first time since Gulf blockade, MEMO reported.

The Qatari delegation arrived on Tuesday in the capital city Cairo for the first time since the Arabian Big Four has cut ties in 2017.

Qatar’s financial minister al-Emadi was due to attend the opening ceremony of the luxury St. Regis Hotel – owned by the Qatari Diar. Over three years, the Nile-side luxury building has been long stood empty as a result of the blockade. St. Regis’ investments had amounted to more than $1.3 billion and that it comprised “two towers, with a total area of 9,360 square meters.”

Earlier this week, Saudi Arabia announced it would end the blockade. In 2017, Egypt joined Gulf nations like Saudi Arabia, the United Arab Emirates and Bahrain in cutting diplomatic, trade and travel ties with Qatar over allegations that Doha supports terrorism, claims Qatar vehemently denies.