As the diplomatic quarrel between qatar and the Arab “quartet” is set to continue into its second year, the Qatari economy is gradually adjusting to the tough new reality, relying on the oil-rich nation's massive foreign reserves, as well as possible US assistance.
Kristian Rouz — Roughly one year into the diplomatic crisis between qatar and the Saudi-led “quartet” of Arab nations, there is little hope the standoff will end anytime soon.
Whilst Qatar is hoping to revive its economy by boosting bilateral economic ties with the US, its Arab neighbors have no plans to end their pressure campaign, claiming they are seeking to curb Doha's alleged financing of terrorism once and for all.
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Four Arab countries — including Saudi Arabia, Egypt, Bahrain, and the UAE — slapped a total embargo upon Qatar almost a year ago. The “quartet” has accused Doha of paying ransom to what they consider Islamic terror groups active in the Middle East — thus contributing to the financing of international terrorism.
Qatar has firmly denied all accusations since the “quartet” imposed its trade blockade on June 5, 2017.
Whilst the US has attempted to mediate a diplomatic solution aimed at reconciling the Arab nations and settling tensions in the Gulf region, such efforts have produced little result so far. Bahraini officials said Sunday they don't see a pathway to resolving their…
