Qatar faces an economic danger and this is why:
- Qatar dept has exceeded 150% of its gross output, which means that this is a very serious issue, especially for a country such as Qatar, that has no production and is heavily dependent on exporting gas only..
- Qatar depths reached the end of last year 2016 more than 120 billion dollars
They play exactly like those who have a credit card and is busy pulling out money.. after a few months they find themselves in deep trouble and financial disaster..
- Moreover, after a downgrade of its credit rating a few weeks ago, the interest it will pay on its debt has increased and will increase more..
- For comparison:
- the debt of Kuwait, for example, is less than 40% of its GDP
- UAE debt is also less than 20 % of gross domestic product
- Saudi debt is less than 20% of its gross output
- And public debt if it exceeds 70% in the developed countries is considered a great risk, so what about Qatar's debt of 150% of its GDP?
- Moreover, Saudi Arabia's financial reserves are now more than four times their debt and exceed $530 billion dollars, not SR.. and this is apart from the general reserve of the state, which is about 200 billion riyals and the public investment fund..Simply said, Saudi Arabia's cash reserves for today's known and advertised about, exceed SR2 trillion..So only insane people might compare Qatar with KSA ..
- Qatar Reserve of Cash has diminished by $37 billion:
resulting from Qatar being downgraded (from AA to AA-) for the last few days and is being monitored by Standard Agency for further downgrades, this will most likely snowball if the crises goes on..
- Saudi and UAE deposits in Qatar's banks exceed $18 billion. So far, Saudi Arabia and the United Arab Emirates have withdrawn only $ 100 million withdrawn by an UAE institution a few days before the end of the deposit linkage at one of Qatar's banks..
- What is worse is that the volume of foreign deposits of dozens of countries in the world and financial institutions in Qatar banks exceed $130 billion dollars..Almost one-third of Qatar's bank deposits are foreign deposits..
- And the disaster comes from the fact that the volume of lending for deposits reached 100% of deposits and this is a very serious level and any movement of withdrawals of deposits will make banks exposed..and the Qatari government will be forced to cover for them..
- Of course and most likely, most of these countries and financial institutions will either withdraw their deposits or accept the risks. In return, Qatar banks will pay a very high interest rate to the depositing countries to cover for the big risks to be taken.. In both cases Qatar is the loser..
- All this without taking into account the possible withdrawal of the world cup.. a possibility that will end more misery to the Qatari economy, since so many hotels have been built by borrowed money from banks and investors for the construction, so, if the world Cup is to be moved to another country, it means Qatar won't be able to pay these depts either..
From this Analysis, anyone can conclude that KSA, UAE, Egypt and Bahrain have already won their bet against Qatar, since it was put under the spotlight for everyone to see and its finances will be forcefully transparent.. so no more financing of terrorism by Qatar.. and this was one of the main bases of the new Muslim coalition to fight terrorism, namely, the cutting of its financial sources..the ideology is now the next step with these 13 demands..
Do you people (Saudi arse lickers) live in a desert cave, switch on international news and check mainstream analysts for a change. The whole world is laughing at your ridiculous demands and sort sighted politics... rest your post is full of shit and irrelevant as Qatar is doing just fine, we are still awaiting your take over of Doha lol.
And stop comparing Saudi Arabia to Turkey, Iran or any European countries with 100s of years of state, political and military tradition, you just popped out of Britains arse yesterday.
Are you talking about Turkey?
Oh no the troll account is back, you know exactly what I mean by state tradition and living in a cave, Turkey, Iran and many European ones date back centuries.
As for the Saudi state tradition, do you mean the two Saudi states that got burned to the ground by the Turks? Lol
Arabs have given that power to Turks in good faith.. that will never happen again..
