This is most peculiar. Why did the Qatar National Bank go to a London court to try to win back $250 million from Eritrea?
The details are sketchy, but come from an authoritative source: Law 360 – which supplies information to business.
Below is as much as I can see at present.
Service Row Delays Qatari Bank’s $250M Eritrean Loan Fight
“In the case of Eritrea, when the UAE military was ejected from Djibouti at the beginning of the Saudi-led intervention in Yemen in 2015, Abu Dhabi quickly engagedwith the government in Asmara over access to its port of Assab. Until then, Eritrea had been close to Iran, receiving aid and allowing the Iranian navy use of Assab. Eritrea also had good relations with Qatar, which had kept a contingent of troops along a disputed Djibouti-Eritrea border until Eritrea sided with the UAE and Saudi Arabia in their dispute with Qatar. Eritrea cut ties with Iran and agreed to allow the UAE to build up military facilities just across the Bab el-Mandeb from Yemen’s southwest coast. The bases there have played a crucial role in the UAE’s ability to conduct military operations in southern Yemen, including the amphibious assault to retake Aden from Houthi forces in August 2015. In exchange, according to experts, the UAE and Saudi Arabia have helped modernize Eritrea’s power grid and have given in-kind assistance of oil, among other aid. According to the U.N. panel of experts on Somalia and Eritrea sanctions, Eritrea deployed around 400 troops to Yemen as part of the coalition forces. Eritrea’s budding ties to the UAE and Saudi Arabia – an apparent lifeline offering relief from its international isolation – triggered an alarmed response in Addis Ababa.”