Arab na­tions: No bias against US firms

New Straits Times - - Business / World -

DUBAI: Four Arab coun­tries that im­posed sanc­tions on Qatar have told the United States that US com­pa­nies do­ing busi­ness with them would not be pun­ished for also work­ing with Doha, said sources with knowl­edge of the mat­ter.

For­eign firms have be­come in­creas­ingly cau­tious on their cross-bor­der deal­ings over con­cerns they could fall foul of the re­gion’s big­gest diplo­matic cri­sis in years.

Saudi Ara­bia, the United Arab Emi­rates (UAE), Egypt and Bahrain sent a let­ter to US Sec­re­tary of State Rex Tiller­son last month re­as­sur­ing him that US com­pa­nies would not be dis­crim­i­nated against as part of the boy­cott, ac­cord­ing to sources.

The Euro­pean Union had been given sim­i­lar “of­fi­cial... ver­bal as­sur­ances” by the UAE, said the EU del­e­ga­tion to the UAE.

The four Arab coun­tries cut diplo­matic and trade links with Qatar on June 5. Reuters

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