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International

Qatar Insurance closes branch in UAE amid diplomatic crisis

September 19, 2017 Reprints

Qatar Insurance Co. S.A.Q. is closing its branch at Abu Dhabi in the United Arab Emirates as the local authorities have not renewed its license amid a diplomatic crisis between Qatar and its Gulf neighbors, Reuters reported. "The pull-back by Qatar Insurance is another sign that the fraying of political ties between Qatar and its Gulf neighbors is also damaging economic ties," said Jason Tuvey, economist, Middle East, at U.K.-based research firm Capital Economics Ltd.

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Qatar Insurance closes branch in UAE amid diplomatic crisis

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