Cyprus remains unaffected by Qatar sanctions

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The decisions of Saudi Arabia, Egypt, UAE, and Bahrain to cut diplomatic ties with Qatar over claims linked to terrorism is not directly affecting the operations of Cyprus companies in the Gulf state yet, however this could change, the Cyprus Foreign Ministry have stated. However experts are not ruling out further escalation of the apparent issues in the near future. The step prompted Qatari consumers to start stockpiling food and supplies. “We are continuing work on our projects as usual” a spokesperson for Cyprus construction company Joannou & Paraskevaides Group has said which has huge business interest in Qatar.