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.