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The Emir pledged support which is aimed at helping the struggling nation, and follows a US$4 billion pledge to develop the Suakin port last year. Qatar’s Emir has offered support for Sudan’s “unity and stability” during a meeting with President Omar al-Bashir on Wednesday. According to Reuters, the support is aimed at helping the struggling nation and in part for access to the Red Sea. Last year, Qatar agreed a US$4 billion deal to jointly…

Experts have claimed that Saudi Arabia’s bid to provide its own aid to Lebanon may be seen as an effort to push back on Qatar in the country. In what has been viewed as further evidence of regional competition and a move set to exacerbate the GCC diplomatic dispute, Saudi Arabia has followed Qatar’s lead and offered support to Lebanon. The kingdom’s finance minister told CNBC that Saudi Arabia is prepared to do all it can…

The Emir of Qatar’s first-ever visit to Lebanon took place on Sunday where he pledged to help the struggling nation. Qatar has announced that it will support Lebanon by buying US$500 million worth of Lebanese government bonds. According to Bloomberg, Lebanon’s struggling economy needs a cash injection to reassure bond holders over the possibility of debt restructuring. Finance Minister Ali Hasan Khalil shook bond markets recently when he told a newspaper the country may restructure…

The Qatar Foundation is helping diversify the country’s knowledge-based economy so it’s not so reliant on oil and gas. The Qatar Foundation (QF) is busy developing its very own silicon valley to help build the nation’s knowledge-based economy. According to the Harvard Business Review, the non-profit organization, supporting Qatar’s development through its education, research, and community development initiatives, is diversifying the country’s focus so that it’s not solely reliant on oil and gas. We don’t…

By becoming the first of the energy-rich Gulf States to withdraw from OPEC, Qatar has signalled its disapproval with an organisation under increasing Saudi interference. Qatar’s decision to leave OPEC is aimed at reinforcing the country’s autonomy from its Arab neighbours, says Kristian Coates Ulrichsen, the author of “The Gulf States in International Political Economy.” Writing for the New York Times, Ulrichsen says that by becoming the first of the energy-rich Gulf States to withdraw…

Saudi Arabia suffers as both local and foreign investors snub the troubled kingdom in favour of Qatar’s safer economic environment. A report by Bloomberg has found that foreign stock investors have opted for Qatar over Saudi Arabia in 2018. Official figures show that overseas institutional investors were net buyers of about US$2.3 billion of shares traded on Doha’s stock market this year, more than triple the foreign flows into Riyadh. According to telling stock-exchange data,…

Qatar to attend final OPEC meeting this week which will be followed by the GCC summit later this month. Qatar has revealed it is quitting the Organization of the Petroleum Exporting Countries (OPEC) in January 2019. According to Reuters, representatives from Qatar will attend their final OPEC meeting this week, before going it alone to focus on cementing its position as the world’s top liquefied natural gas (LNG) exporter. A non-political decision OPEC was formed…

Saudi Arabia struggles as both locals and foreign investors pull out of the kingdom following a succession of shocking events. The murder of Saudi journalist Jamal Khashoggi has led to more money flooding out of Saudi Arabia than ever before. Once seen as the powerhouse of the MENA region, Saudi Arabia has struggled over recent years to maintain its oil rich economy and to assert its dominance in the region. To this day the troubled…

Khashoggi murder is the latest in a long line of confidence shaking events to take place at the request of Crown Prince Mohammed Bin Salman. The murder of Saudi journalist Jamal Khashoggi turned the world’s politicians against Crown Prince Mohammed Bin Salman, but private capital turned against him long before that. According to a report by Bloomberg, money has been flooding out of Saudi Arabia ever since the prince ordered the detention of dozens of…

Several UAE-based banks have been asked by the UAE government to refrain from doing business with Qatari backed companies. As a result, several Qatar-backed banks have seen their balance sheet shrink. Since June 2017, UAE, Saudi Arabia, Bahrain and Egypt have been imposing a blockade on Qatar, accusing it of supporting terrorism, which Qatar has always denied. The quartet of countries have enforced a land, see and air blockade on Qatar and prevented Qatari citizens…