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Wednesday, 21 June 2017

Saudi Gain Is a Loss for Qatar Reeling From $13 Billion Slump - Bloomberg

Saudi Gain Is a Loss for Qatar Reeling From $13 Billion Slump - Bloomberg:

"Add Saudi Arabia’s government changes to the reasons why investors should steer clear of Qatar.



The diplomatic standoff that’s erased $13 billion from Qatari stocks and pressured the country’s 16-year dollar peg isn’t likely to ease any time soon after Mohammed bin Salman was elevated to crown prince, making him first in line to the Saudi throne. Salman is seen as the main driver of the nation’s political and economic policies since his father became king in 2015, including the blockade of Qatar earlier this month."



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