Qatar ‘extremely comfortable’ despite sanctions, markets stabilize — Iran and Morocco send food

Peace and Freedom

Reuters

Tue Jun 13, 2017 | 3:19am EDT

By John Davison and Andrew Torchia| DOHA/DUBAI
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Qatar’s financial markets stabilized on Monday after a week of losses as the government showed it could keep the economy running in the face of sanctions by its neighbors.

The finance minister of the world’s richest country per capita played down the economic toll of the confrontation, and said the government was “extremely comfortable” with its financial position, with the resources to endure the pressure.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Qatar a week ago, accusing it of fomenting regional unrest, supporting terrorism and getting too close to Iran, all of which Doha denies.

The biggest diplomatic rift in years among the rich states of the Gulf has disrupted Qatar’s imports of food and other materials and caused some foreign banks to scale back…

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