Economy Resilient Despite Blockade
The economy of Qatar, one of the world?s leading exporters of liquefied natural gas (LNG), is functioning smoothly despite the blockade imposed on June 5 by four of its Arab neighbors: Saudi Arabia, the UAE, Bahrain and Egypt. Qatar?s oil and gas exports have continued to flow freely, and new trade routes have been put in place. Qatar recently opened a deepwater port, Hamad, which is capable of handling large container ships. The worst of the import disruptions appears to be over, and inflation has eased. The negative effects of the diplomatic crisis on Qatar?s economy have been significant, however.
Source: Latest News