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Arab enemies may impose new sanctions on Qatar

Monday, June 26, 2017

Significance

Hopes for a swift resolution of the Gulf crisis were dashed on June 23 when details emerged of a list of 13 demands sent by the four countries that launched a boycott of Qatar on June 5: Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain.

Impacts

  • The concept of the Gulf Cooperation Council (GCC) as a common market has been permanently damaged.
  • An increased political risk premium will raise borrowing costs across the GCC.
  • Firms in Qatar will find it harder to retain and recruit professional expatriate staff.
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