Hamadein’s debts eat at Qatar

  • بن حمد

Qatar’s economy continues paying the price of Hamadein’s caprices. Tamim’s heavy burrowing puts Doha on the brink of bankruptcy. Domestic debts exceed 2.3 bil riyals and foreign debts rose to $150 bil. 

Qatar issued international April-dated t-bills, piled up $12 bil high-interest debts. Debts ratio to GDP exceeds 70. Citizens suffer the fledgling of the ruling party. Qatar is highest in debt share per citizen,  0.5$ mil in August. 

Burrowing hurts investments. Foreign investments were down 10% in 2018. Doha is no longer a good choice for foreign investors. 

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