According to the report, he also said that despite severe censorship, some failures in the past year were undeniable and many adaptive statistics on the economic situation confirm Qatar’s failures.
He also stated that Qatari investments overseas had suffered huge losses for the country. After reviewing many economic experts have announced that Qatari senior officials’ decisions in partnership with European institutions not only had no economic justification, but also caused Qatar’s economy to face serious challenges.
According to the official announcement, during the past three months Qatar has lost more than 5 billion due to the unprecedented fall of Porsche’s shares and its internal problems.
Emir Tamim in one of the private parties said, “America’s nuclear deal bankrupted all of the Arab states of the Persian Gulf.
In addition to the economic mismanagement, Qatar’s defense budget has significantly risen in recent years. Also Qatar without its own will and under Saudi Arabia’s pressure was forced to enter Yemen war. It happened when oil price was at its lowest level, the cost of the country drastically increased.
Mentioned reasons drastically effected Qatar’s economy. During the past months Qatar has lost over than $ 40 billion due to falling oil prices which is irreparable. Qatar Airways in the past year had not only profitability, but also faced intense budget deficit. On the request of Amir it took foreign exchange reserves from different countries to compensate the deficit.”
Author
