Qatar injects $38B into economy

Sep. 14, 2017 5:22 AM ETGULF, EGPT, UAE, QAT, KSABy: Yoel Minkoff, SA News Editor1 Comment
  • Qatar has pumped over $38B of its $340B reserves into its economy to offset the impact of its neighbors' embargo, according to Moody's, which said the equivalent of 23% of the country's GDP has been used.
  • Saudi Arabia, the UAE, Bahrain and Egypt have imposed a trade embargo on Qatar since the start of June, after accusing it of sponsoring terrorism.
  • Previously: Gulf crisis still going strong (Sep. 10 2017)

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