Waha Capital reported a net profit of Dh449 million in 2022
Qatar has suspended its case at the World Trade Organization against the United Arab Emirates over measures it said were designed to isolate Qatar economically.
The suspension, announced in a document filed at the WTO on Tuesday, follows moves by Saudi Arabia, the UAE, Bahrain and Egypt to end a boycott in which they severed diplomatic, trade and travel ties with Qatar in 2017.
Doha launched a complaint at the WTO in that year over the UAE's closure of its maritime border to Qatar, prohibition on Qatari aircraft entering its airspace, suspension of handling mail and closure of Qatari service suppliers' offices.
A three-person WTO panel had been set to decide on the case in the first quarter of this year.
The document issued on Tuesday said Qatar had requested the panel reviewing the dispute suspend its work in order to facilitate an "amicable final settlement".
A trade official said that the panel had agreed to do so. The panel's authority to decide on the case will formally lapse if its work is suspended for more than 12 months.
Waha Capital reported a net profit of Dh449 million in 2022
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