UAE Ambassador to the US Yousef al-Otaiba

DAMASCUS, SYRIA (11:00 AM) – Documents found in leaked e-mails from the United Arab Emirates’ (UAE) ambassador to the United States Yousef al-Otaiba have revealed a detailed plan by Abu Dhabi to wage economic war against Qatar.

The documents, that were found by US-based investigative website The Intercept, show a plot to target Qatar’s currency “using bonds and derivatives manipulation.” The scheme has allegedly been hatched by the Banque Havilland in Luxembourg, property of the family of British financier David Rowland.

The UAE is also seeking to increase Qatar’s debt by controlling its “yield curve,” referring to a standard financial-industry graph showing a country’s borrowing costs for debt that is due at different dates.

“Control the yield curve, decide the future,” the documents read.

Eventually, these measures were meant to make Qatar’s economy collapse and bring the government in Doha to its knees. Following this, the UAE reportedly was planning to use this as a pretext to claim that Qatar is incapable of hosting the 2022 Football World Cup, thus also damaging Qatar’s image and economic prospects for the future.

Qatar has been under a continuous economic and diplomatic embargo imposed by Saudi Arabia, Egypt, Bahrain, and the UAE since June. The embargo-imposing nations have issued a list of demands to Qatar, amongst which are the cutting of ties to Iran and shutting down international news outlet Al Jazeera. Doha has vehemently refused to meet these demands, denouncing them as an attack on the country’s sovereignty.

Just last month, a former Deputy Prime Minister of the UAE revealed that Abu Dhabi had also planned a military invasion of Qatar using mercenaries from the notorious US private military contractor known as Blackwater, but had failed to garner US support for this plan.

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ALSO READ  Erdogan meets with Qatari emir in Doha

Historian specialized in Arab history, Islamic studies and geopolitical analysis.
Based in Belgium.

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5 Comments on "Leaked e-mails reveal Emirati plan for “economic war” on Qatar"

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Daeshbags Sux
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LOL, US have al-Udeir AFB and CENTCOM in Qatar with more militaries than Qatari army…
Nevertheless, Blackwater DOESN’T EXISTS ANY MORE!!!!!

TheObserver
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FYI. Blackwater’s reincarnation is as Academi. Still creating havoc for money

Daeshbags Sux
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Nope, in fact, Academi has been absorbed, as Triple Canopy was, by the Constellis Group. In fact, the merges also ended with serious compressions in total personnel considering the numerous merges as Constellis (with Ashcroft on the board) has only 8000, incl. 5,000 from Triple Canopy employees and there are services like kidnapping insurances, etc… Visibly, Academi had already came back to an only-training facility. It’s clear that past Blackwater paramilitary activities, led under the rule of Erik Prince were more than controversial, so is the guy, but he left the boat in 2010. Constellis seems not being implied at… Read more »
TheObserver
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Weaponizing finance??? interesting. Hope the Chinese and Russians are taking note. Last time the Russians emigres lost their money in Cyprus and the GFC bankrupted Iceland, Ireland, Greece and countries such as Spain and Italy still haven’t fully recovered.

Daeshbags Sux
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Well, with pretty small Havilland private bank owning half a building on Kirchberg plateau… They should have knocked the door of the building on the left : it’s UBS! On the same avenue, you have Clearstream but take a look at BNP-Paribas facilities and now you know where to knock the door for serious operations! I feel the Intercept was fed with some serious BS!!! A private bank with 7 offices, incl. one in Dubai and getting in touch with a disappeared private military firm which its former boss already established in Abu-Dhabi, training thugs there??? Well, it looks much… Read more »
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