Qatar Spat Worsens As Saudi-Led Arab States Vow New Measures

10 Jul 2017   Qatar, Saudi Arabia

The four Arab states that are leading the boycott against Qatar vowed on Friday to take new measures against their tiny gas-rich neighbor after Doha rejected in full the list of ultimatums. Despite the public threats of “new measures”, Qatar’s Finance Minister, Ali Sharif al-Emadi, told The Times today that Qatar is too rich to worry about what Saudi Arabia thinks, and that their huge financial resources would provide the small gas-rich nation the resources necessary to weather the sanctions. “We have sovereign wealth funds of 250 per cent of gross domestic product, we have Qatar Central Bank reserves, and we have a ministry of finance strategic reserve,” al-Emadi told The Times. “Bahrain and Egypt, they are at junk bond level. If you look at Saudi Arabia, they are having genuine issues with their finances,” the minister said. In a joint statement posted on Saudi Press Agency, Saudi Arabia, […]

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