Qatar dismissed  allegations of  support  for Islamist militancy, Reuters reported.

The announcement by Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain increases pressure on Qatar over allegations that it interferes in the affairs of its neighbors by supporting and financing Islamist groups. 

"The recent joint statement issued by the Kingdom of Saudi Arabia, Bahrain, Egypt and the UAE regarding a 'terror finance watch list' once again reinforces baseless allegations that hold no foundation in fact," the Qatari government said in a statement. 

"Our position on countering terrorism is stronger than many of the signatories of the joint statement - a fact that has been conveniently ignored by the authors."

The four Arab countries named in a statement 59 people, including Muslim Brotherhood spiritual leader Yousef al-Qaradawi, and 12 entities, among them Qatari-funded charities Qatar Charity and Eid Charity.