Tuesday, 12 June 2018

Qatari Royal Urges Quicker Reforms as Doha Vies for Investors - Bloomberg

Qatari Royal Urges Quicker Reforms as Doha Vies for Investors - Bloomberg:

"Qatar shouldn’t be lulled by rising oil prices and the fading effect of a Saudi-led boycott if it wants to challenge rivals to become a regional trade hub, a leading businessman who once helped to steer the country’s economy said. Sheikh Mohamed A. Althani, a former economy minister and now chairman of Mohajl Group, urged the government to maintain new trade routes that developed as a result of the embargo, and to open the gas-rich economy further and faster. His observations are a rare assessment of the government’s handling of the Gulf crisis by a business owner and royal. Although Qatar handled things well during the embargo, it needs to press on with reforms, Sheikh Mohamed said. In the past, when oil was over $100 a barrel and money was easy, some officials would drag their feet rather than introduce changes, and they shouldn’t fall back into that pattern, he said. "



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