Skip to main content

Blockade impact on Qatar fading but risks remain: IMF

By
The economic and financial impact on Qatar of a nine-month Saudi-led blockade is fading, but some risks for the Gulf emirate remain, the International Monetary Fund has said.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut all diplomatic and trade ties with Qatar last June, closing its only land border and banning all flights to and from the emirate.

In a report released late Monday, the IMF said the effect of the blockade on economic activity in Qatar had been "transitory" as new trade routes were quickly established and growth remained positive.

Foreign financing and resident private sector deposits had fallen by $40 billion but that had been offset by cash injections by the central bank and the Qatar Investment Authority -- the emirate's sovereign wealth fund, it said.

Like other Gulf energy producers, Qatar has been hit by the slump in world oil and gas prices which has forced it to introduce austerity measures to balance its books.


Source :- yahoonews
Labels:

Comments

Post a Comment

Popular posts from this blog

Turkey to set up camps for 170,000 people near Syria's Idlib: sources

By
Turkey will set up camps to settle 170,000 people in nine locations near Syria's Idlib, and in the area Ankara controls by further east in northern Syria, Turkish diplomatic sources said. Turkey and its Syrian rebel allies, which six weeks ago launched an operation in the Afrin region targeting the Syrian Kurdish YPG fighters, also control a swathe of land further east in Syria that stretching from the area around Azaz to the Euphrates river, which was taken during its "Euphrates Shield" operation that ended in early in 2017. (Corrects second paragraph to show Turkey launched operation in Afrin, not Idlib) (Reporting by Tulay Karadeniz; Writing by Ece Toksabay; Editing by David Dolan. Source :- yahoonews
Post a Comment
Read more

What Is an Investment?

By
 One reason numerous individuals come up short, even woefully, in the round of contributing is that they play it without understanding the principles that direct it.   homepage    It is an undeniable truth that you can't dominate a match in the event that you abuse its guidelines. Notwithstanding, you should know the guidelines before you will actually want to try not to abuse them. Another explanation individuals fall flat in contributing is that they play the game without understanding what is the issue here. This is the reason it is imperative to expose the significance of the term, 'venture'. What is a speculation? A venture is a pay creating significant. It is vital that you observe each word in the definition since they are significant in understanding the genuine importance of speculation.  From the definition above, there are two key highlights of a venture.  here Each belonging, having a place or property (of yours) should fulfill the two condition...
Post a Comment
Read more

Key players recall 1968 Polish student revolt, ensuing anti-Semitism

By
In March 1968, a student revolt crushed by Poland's baton-wielding police was used as a pretext for an anti-Semitic purge by the communist regime. It began when the communists banned the 19th-century play "Forefathers' Eve" by poet Adam Mickiewicz claiming it had anti-Russian elements. Two students who contested the ban were expelled from the University of Warsaw, prompting their peers to stage a demonstration on March 8. Backed by other civil groups, particularly workers unhappy with daily life under communism, the pro-democracy protests spread to other cities. The regime used the student revolt as an excuse to unleash an anti-Semitic campaign that was rooted in a settling of scores inside the Communist Party, which was split into two camps. Source :- yahoonews
Post a Comment
Read more