Friday, July 14, 2017 11:29:51 AM
Qatar Crisis Continues
Qatar is still under blockade by Saudi Arabia, the UAE, and two other countries. Can Qatar's economy weather this storm?
A few weeks ago we shed a little bit of light on the current diplomatic crisis in Qatar. It has been essentially blockaded by its neighbouring countries on the grounds of supposedly promoting terrorism and destabilizing the Middle East. This has made it slightly more complicated for Qatar to import and export goods, but as we learned from Qatar’s finance minister, there was no need to worry too much. Or is there?
The countries opposing Qatar are Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain. They made a list of demands that aim at making Qatar work for better stability in the region. However, the blockaded state has refused to comply, stating that the demands may constitute a violation of international law, reports CNN. In retaliation, the four countries which cut ties with Qatar have showed a determination to step up their measures and increase pressure on Qatar, though the meaning of this is yet unclear.
Read more: https://superforex.com/analytics/qatar-crisis-continues
Qatar is still under blockade by Saudi Arabia, the UAE, and two other countries. Can Qatar's economy weather this storm?
A few weeks ago we shed a little bit of light on the current diplomatic crisis in Qatar. It has been essentially blockaded by its neighbouring countries on the grounds of supposedly promoting terrorism and destabilizing the Middle East. This has made it slightly more complicated for Qatar to import and export goods, but as we learned from Qatar’s finance minister, there was no need to worry too much. Or is there?
The countries opposing Qatar are Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain. They made a list of demands that aim at making Qatar work for better stability in the region. However, the blockaded state has refused to comply, stating that the demands may constitute a violation of international law, reports CNN. In retaliation, the four countries which cut ties with Qatar have showed a determination to step up their measures and increase pressure on Qatar, though the meaning of this is yet unclear.
Read more: https://superforex.com/analytics/qatar-crisis-continues
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