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    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

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    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Buys 25% of Kenya Pipeline Company, Pledges $1.5 Billion Expansion

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    Fake Whisky Factory Busted in Aba as NAFDAC Seizes ₦500m Worth of Equipment

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    Tinubu Receives UN’s Proposed 2027 Budget as Nigeria Chairs Committee

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    Russian Diesel Cargo Heads for Morocco After US-Russia Fuel Deal

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    Container Ship Sinks in Strait of Hormuz; Cause Unclear

    Container Ship Sinks in Strait of Hormuz; Cause Unclear

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    NNPC Records 33% Profit Growth, Raises Dividend 35% to N5.8 Trillion in 2025 FY

    FG Announces 30-Day Discount on Petrol Sold by NNPC

    Airlines Warn of Nationwide Shutdown Over Union Blockades, Demand Role in MMIA

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    NMDPRA Approves Import Permits Despite Growing Local Refining Capacity

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

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    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

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    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    SEC Nigeria to introduce tax incentive backed National Savings Scheme

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Dangote ends naira sales, Begins petrol Sales in Dollar

    Dangote ends naira sales, Begins petrol Sales in Dollar

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    Nigeria Exchange Group Declares ₦1.00 Interim Dividend for Q3 2025

    Guinness Nigeria Declares ₦7.00 Interim Dividend for 2026

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

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    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

    Equities Market Declines by 0.91%, As Investors Lose N1.47trn

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

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Middle-East Peace: Bahrain and Qatar restore diplomatic relations

Sunday, 16 April 2023, 10:10 am
in News, World
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Middle-East Peace: Bahrain and Qatar restore diplomatic relations
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The Kingdom of Bahrain and the State of Qatar has agreed to restore diplomatic relations after 6 years of blockade. Four Arab nations had in 2017 imposed a blockade on Qatar over what they said was Qatar’s support for Islamist groups that rose to power in some countries following the 2011 Arab Spring protest.

Also read; EU will almost certainly return frozen Russian reserves – Reports

The four nations viewed the Islamist groups as terrorist organizations, the blockade was lifted at the start of 2021. The boycott had little impact on Qatar’s economy, however. The tiny Gulf country, which hosted soccer’s World Cup last year, is one of the wealthiest countries on Earth owing to its vast natural gas reserves. Turkey, which is also friendly to Islamist groups, stepped in to aid Qatar during the crisis.

Bahrain was the last holdout of the four, as Saudi Arabia, the United Arab Emirates and Egypt had al restored ties with Qatar, with top leaders paying official visits in recent months.

Bahrain and Qatar each issued official statements announcing the decision to restore relations following a meeting between their delegations at the headquarters of the Gulf Cooperation Council, a six-nation bloc of which both are members, in the Saudi capital of Riyadh.

The agreement between Bahrain and Qatar on Wednesday comes on the back of a regionwide efforts by neighboring countries that has been longtime enemies to repair relations following years of war and unrest sparked by the 2011 protests.

On the same Wednesday, Saudi Arabia welcomed Syria’s foreign minister, another sign that the Arab League might be ready to reinstate Damascus after suspending its membership more than a decade ago as Syrian President Bashar Assad launched a brutal crackdown on pro-democracy protests..

In March, in an agreement brokered by China, Saudi Arabia and Iran agreed to restore diplomatic relations that had been severed in 2016.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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