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Monday, 10 July 2017

#Qatar’s Wealth Enough to Weather Any Shock, Central Bank Says - Bloomberg

Qatar’s Wealth Enough to Weather Any Shock, Central Bank Says - Bloomberg:

"Qatar has enough cash reserves and assets to weather the standoff with the Saudi-led alliance, now in its second month, with inflows into the country still exceeding money heading out, central bank Governor Sheikh Abdullah bin Saoud Al Thani. Withdrawals from Qatari banks aren’t “significant,’’ the governor said in remarks published by CNBC on its website. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic and transport links with Qatar, the world’s biggest exporter of liquefied natural gas, on June 5. The alliance accuses Qatar of destabilizing the region by supporting proxies of Shiite-dominant Iran as well as Sunni extremists, charges the sheikdom has denies."



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