Egypt ends visa-free travel for Qataris

Egypt announced on Monday the end of visas on arrival for Qatari citizens.

The foreign ministry said that from Thursday, Qatari nationals - with some exceptions - will be required to apply for a visa to enter the country.

Saudi Arabia, the UAE, Bahrain and Egypt imposed sanctions on Qatar on June 5, cutting diplomatic and transportation ties with the country over accusations it is financing terrorist and extremist groups. Doha denies those accusations.

"It does not make sense to keep making exceptions for Qatar and giving it privileges in light of its current positions," said Ahmed Abu Zeid, a foreign ministry spokesman.

He added that Qatari nationals with Egyptian mothers, spouses of Egyptians, and Qataris studying in Egypt will be exempt.

No action has yet been taken against Egyptians residing in Qatar, where more than 1.6 million foreign workers reside, and hundreds of thousands of them are Egyptians.

The decision came on Monday as Egyptian foreign minister Sameh Shoukry met his Kuwaiti counterpart Sheikh Sabah Al Khalid Al Sabah. Kuwait has been spearheading mediation efforts to end the crisis, now in its second month.

Mr Shoukry said Egypt stands by the list of demands the four boycotting countries made of Qatar.

"The foreign minister affirmed to his Kuwaiti counterpart Egypt's commitment to the list of demands presented to the state of Qatar and the continuation of sanctions taken against it," Mr Abu Zeid said earlier.

The insistence comes "in light of what the quartet states see as Qatar's stalling and procrastination, and lack of concern for the concerns of the four states", he said.

Mr Shoukry told Sheikh Al Sabah the only way the crisis would be resolved was if Qatar fulfilled the demands, which include curtailing its support for the Muslim Brotherhood, shutting down the pan-Arab Al Jazeera satellite TV channel, closing a Turkish military base and downgrading its relations with rival Iran.

The crisis is the region's worst since 1981, when the the Gulf Cooperation Council was formed.

* Additional reporting by Reuters

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May 2017

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September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

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December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

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The High Court of England and Wales approves the company’s restructuring plan

July 2025

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August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Who's who in Yemen conflict

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

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Egypt ends visa-free travel for Qataris

Qatari nationals with Egyptian mothers, those married to Egyptians, and Qataris studying in Egypt will be exempt from having to apply for a visa

Timeline

Who's who in Yemen conflict

Pharaoh's curse

UAE currency: the story behind the money in your pockets