Saudi Arabia, the United Arab Emirates, Bahrain and Egypt had imposed a diplomatic, trade and travel blockade on Qatar, accusing it of supporting terrorism.
The growing spat has seen Erdogan accuse Macron of Islamophobia and encourage Turks to boycott French products. Macron has in turn recalled France's ambassador to Ankara.
France's foreign affairs ministry said there had been calls to boycott French products, notably food products, in several Middle Eastern countries.
The International Monetary Fund sees oil staying in the $40 to $50 range next year, and it downgraded its outlook for the Middle East economic recovery.
Kuwait's emir, Sheikh Sabah Al Ahmad Al Jaber Al Sabah, was the oil-rich country's leader since 2006 and had been its top diplomat for 40 years.
The state-run KUNA news agency quoted a statement from the country's royal court saying Sheikh Sabah left "based on advice from the medical team treating His Highness to complete his treatment after a successful surgical procedure."
Deutsche Bank estimates Kuwait's economy will contract by 7.8% this year, the biggest fall among Gulf states.
Given the "strong profitability" of banks in the Gulf Cooperation Council countries, the oil price shock and the coronavirus pandemic are unlikely to deplete their capital base, says Mohamed Damak of S&P Global Ratings.
AI's ability to crunch large amounts of data has allowed governments worldwide to collect information to try and stop the pandemic.
Jan Friederich of Fitch Ratings discusses the economic impact of tumbling oil prices.
Mohamed Damak from S&P Global Ratings goes through the potential ratings impact of the coronavirus on economies in the Gulf.
Saudi Arabia, Abu Dhabi, Dubai and Kuwait indexes were all trading significantly lower following Sunday's market open.
From postponing large-scale events to closing schools, the United Arab Emirates is taking wide-ranging measures in a bid to stop the spread of the coronavirus in the country.
The new troops are ordered to serve as a response to threats throughout the region in the wake of Soleimani's death.
Chinese businesses have quietly scaled back from expanding in the U.S. amid the trade war and some are looking to places like Saudi Arabia, Russia and Japan.
The drones will help with overhead surveillance as British warships escort U.K.-flagged tankers through the Strait of Hormuz, reported Sky News.
RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law, Jared Kushner, at a conference in Bahrain on Tuesday and Wednesday, the blueprint envisions a global investment fund to lift the Palestinian and neighbouring Arab economies and is part of broader efforts to revive the Israeli-Palestininan...
RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain on June 25-26, the blueprint envisions a global investment fund to lift the Palestinian and neighboring Arab economies and is part of broader efforts to revive the Israeli-Palestininan peace process.
RIYADH/ AMMAN/ CAIRO, June 23- Arab politicians and commentators greeted U.S. Set to be presented by Trump's son-in-law Jared Kushner at a conference in Bahrain on June 25-26, the blueprint envisions a global investment fund to lift the Palestinian and neighbouring Arab economies and is part of broader efforts to revive the Israeli-Palestininan peace process.
*$50 billion plan to be discussed next week in Bahrain. In Israel, Tzachi Hanegbi, a cabinet member close to Prime Minister Benjamin Netanyahu, called Palestinians' rejection of the $50 billion "peace to prosperity" plan tragic. But the lack of a political solution, which Washington has said would be unveiled later, prompted rejection not only from Palestinians but...
