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Qatar feels pain of sanctions

Qatar is much affected by the boycott of four other Arabian countries. The Qatar Investment Authority has sold millions of shares in recent months, which resulted in 40 billion dollar to keep the economy afloat, according to Dutch newspaper FD (link to Dutch article). Before the summer, Saoudi Arabia, the United Arab Emirates, Bahrein and Egypt implemented a boycott against neighbouring country Qatar. The country was completely closed off from the other four countries. Qatar’s government securities has 340 billion dollar handy. Of that, 40 billion dollar has been used during the two months that the boycott has now lasted to keep the economy afloat.

Source: FD


Publication date: 9/18/2017


 


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