Sunday 3 June 2018

Qatar economy weathers storms of year-long blockade - The Peninsula Qatar

Qatar economy weathers storms of year-long blockade - The Peninsula Qatar:

"Qatar has weathered the economic impacts of Saudi-led blockade, maintaining healthy growth a year after the crisis erupted. On June 5, 2017, Saudi Arabia, the United Arab Emirates and Bahrain -- all partners of Qatar in the Gulf Cooperation Council (GCC) -- along with Egypt, severed ties with Qatar and imposed a blockade. Qatar tapped into its massive wealth to absorb the early shocks to its financial system, and secure alternative food supplies, maritime routes and ports, reports said."



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