AGL 40.74 Increased By ▲ 0.71 (1.77%)
AIRLINK 128.34 Increased By ▲ 0.64 (0.5%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.54 Decreased By ▼ -0.06 (-1.3%)
DCL 9.18 Increased By ▲ 0.39 (4.44%)
DFML 41.70 Increased By ▲ 0.12 (0.29%)
DGKC 87.00 Increased By ▲ 1.21 (1.41%)
FCCL 32.68 Increased By ▲ 0.19 (0.58%)
FFBL 64.56 Increased By ▲ 0.53 (0.83%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.49 Increased By ▲ 1.72 (1.55%)
HUMNL 14.95 Decreased By ▼ -0.12 (-0.8%)
KEL 5.03 Increased By ▲ 0.15 (3.07%)
KOSM 7.30 Decreased By ▼ -0.15 (-2.01%)
MLCF 40.70 Increased By ▲ 0.18 (0.44%)
NBP 61.60 Increased By ▲ 0.55 (0.9%)
OGDC 196.50 Increased By ▲ 1.63 (0.84%)
PAEL 27.56 Increased By ▲ 0.05 (0.18%)
PIBTL 7.71 Decreased By ▼ -0.10 (-1.28%)
PPL 154.20 Increased By ▲ 1.67 (1.09%)
PRL 26.87 Increased By ▲ 0.29 (1.09%)
PTC 16.40 Increased By ▲ 0.14 (0.86%)
SEARL 83.88 Decreased By ▼ -0.26 (-0.31%)
TELE 7.84 Decreased By ▼ -0.12 (-1.51%)
TOMCL 36.45 Decreased By ▼ -0.15 (-0.41%)
TPLP 8.93 Increased By ▲ 0.27 (3.12%)
TREET 17.10 Decreased By ▼ -0.56 (-3.17%)
TRG 59.20 Increased By ▲ 0.58 (0.99%)
UNITY 27.90 Increased By ▲ 1.04 (3.87%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,960 Increased By 768 (0.82%)
KSE30 29,500 Increased By 298.4 (1.02%)

A Saudi official hinted Friday the kingdom was moving forward with a plan to dig a canal that would turn the neighbouring Qatari peninsula into an island, amid a diplomatic feud between the Gulf nations. "I am impatiently waiting for details on the implementation of the Salwa island project, a great, historic project that will change the geography of the region," Saud al-Qahtani, a senior adviser to Crown Prince Mohammed bin Salman, said on Twitter.
The plan, which would physically separate the Qatari peninsula from the Saudi mainland, is the latest stress point in a highly fractious 14-month long dispute between the two states. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and trade ties with Qatar in June 2017, accusing it of supporting terrorism and being too close to Riyadh's archrival, Iran - charges Doha denies.
In April, the pro-government Sabq news website reported government plans to build a channel - 60 kilometres (38 miles) long and 200 metres wide - stretching across the kingdom's border with Qatar. Part of the canal, which would cost up to 2.8 billion riyals ($750 million), would be reserved for a planned nuclear waste facility, it said.
Five unnamed companies that specialise in digging canals had been invited to bid for the project and the winner will be announced in September, Makkah newspaper reported in June. Saudi authorities did not respond to requests for comment and there was no immediate reaction on the plan from Qatar. After the dispute erupted last year, Qatar - a small peninsula nation - found its only land border closed, its state-owned airline barred from using its neighbours' airspace, and Qatari residents expelled from the boycotting countries.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.