$9.2 Billion Wiped Out In Qatar Stock Rout: Surveying The Carnage

$9.2 Billion Wiped Out In Qatar Stock Rout: Surveying The Carnage

It was a rough day for financial assets in Qatar following a decision by Saudi Arabia, Bahrain, the United Arab Emirates and Egypt to cut diplomatic ties. The move was billed as punishment for Doha's support of "destabilizing" forces, but really, what we saw on Monday was the culmination of simmering tensions that came to a head late last month after inflammatory comments attributed (maybe falsely) to Qatari emir Sheikh Tamim bin Hamad Al Thani showed up on Qatar state news. Those comments
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