Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

Regional dispute over Qatar hurting all: Moody's

SHARE:

A boycott of Qatar by a Saudi-led bloc of Arab states is hurting the economies of all the countries involved, with Bahrain and Qatar the most affected, Moody's Investor Service said

DUBAI -  A boycott of Qatar by a Saudi-led bloc of Arab states is hurting the economies of all the countries involved, with Bahrain and Qatar the most affected, Moody's Investor Service said Wednesday.

The row has translated into a credit negative for the entire six-nation Gulf Cooperation Council (GCC) -- Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Oman and Qatar, Moody's said in a report.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt on June 5 severed diplomatic ties and imposed economic sanctions on Qatar, accusing it of backing radical Islamist groups.

Doha has denied the charges.

"The severity of the diplomatic dispute between Gulf countries is unprecedented, which magnifies the uncertainty over the ultimate economic, fiscal and social impact on the GCC as a whole," said Steffen Dyck, Moody's vice president.

Qatar faces large economic, financial and social costs stemming from related travel and trade restrictions, it said.

The impact on Qatar so far has been most acute for trade, tourism and the banking sector.

Sizeable capital outflows in the vicinity of $30 billion flowed out of Qatar's banking system in June and July, with further declines expected as GCC banks opt not to roll over their deposits, Moody's said.

It estimates that Qatar used $38.5 billion -- equivalent to 23 percent of its GDP -- to support the economy in the first two months of sanctions.

Moody's said it does not expect that Qatar will have to borrow from the international capital market this year, but its financing costs will increase.

The standoff could also impair the sustainability of Bahrain's currency peg to the US dollar and will also increase the cost of borrowing for the kingdom, the poorest of the six oil-rich GCC nations.

The diplomatic rift will inevitably impair the functioning of the GCC more severely as the row prolongs.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: Regional dispute over Qatar hurting all: Moody's
Regional dispute over Qatar hurting all: Moody's
A boycott of Qatar by a Saudi-led bloc of Arab states is hurting the economies of all the countries involved, with Bahrain and Qatar the most affected, Moody's Investor Service said Wednesday.
https://1.bp.blogspot.com/-14SYQjLWQeM/Wbk2mUt4toI/AAAAAAAAgD8/-2JAbqW-CZ8cPZedhHFV4_vcLVHeyUQbwCLcBGAs/s640/b401.jpg
https://1.bp.blogspot.com/-14SYQjLWQeM/Wbk2mUt4toI/AAAAAAAAgD8/-2JAbqW-CZ8cPZedhHFV4_vcLVHeyUQbwCLcBGAs/s72-c/b401.jpg
Muslim Global
http://www.muslimglobal.com/2017/09/regional-dispute-over-qatar-hurting-all.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/09/regional-dispute-over-qatar-hurting-all.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy