Qatar import growth turns positive as sanctions impact fades

Qatar import growth turns positive as sanctions impact fades:

"Qatar's imports rose from a year
earlier in October for the first time since other Arab states
imposed sanctions on Doha in June, official data showed on
Monday, suggesting damage done to the Qatari economy by the
sanctions is fading.

Monthly imports plunged by as much as 40.0 percent
year-on-year after Saudi Arabia, the United Arab Emirates,
Bahrain and Egypt cut diplomatic and transport ties with Qatar
in June, accusing it of backing terrorism, which Doha denies.

The boycott disrupted Qatar's shipping routes through the
Gulf and blocked imports across its land border with Saudi
Arabia. Much of its perishable food products as well as
construction materials came across that border."



'via Blog this'