Saudi Arabia, Egypt, UAE and Bahrain sever ties with Qatar over 'terrorism'
Economic fallout is felt immediately; Qatar's stock market index sinks 7.5% with some of the blue chips hardest hit
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Dubai
SAUDI Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain severed their ties with Qatar on Monday, accusing it of supporting terrorism and opening up the worst rift in years among some of the most powerful states in the Arab world.
The economic fallout loomed immediately, as Abu Dhabi's state-owned Ethihad Airways, Dubai's Emirates Airline and budget carrier Flydubai said they would suspend all flights to and from Doha from Tuesday morning until further notice.
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