Qatar Injected $43 Billion to Help Banks After Boycott, S&P Says - Bloomberg:
"Qatar pumped about $43 billion into banks last year after a Saudi Arabia-led boycott caused a drop in deposits, S&P Global Ratings said. The government and state-controlled companies injected the cash into the financial system after about $22 billion of deposits flowed out of the country between June and December, Mohamed Damak, S&P’s senior director for financial services, said in Dubai on Tuesday. Qatar has since June been involved in a standoff with neighboring states, who accuse the nation of supporting terrorism. Qatar has repeatedly denied the charges. The world’s biggest exporter of liquefied natural gas relies on foreign deposits to support its banking system after a drop in oil prices tightened liquidity. It also plans to spend $200 billion to host the 2022 soccer World Cup."
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