Qatar has been listed in several advanced rankings in many international development indicators, Qatar Chamber announced in its monthly economic newsletter for June 2020, prepared by its Research & Studies Department.
HE the Minister of State Hamad bin Abdulaziz al-Kuwari said: “The government, every citizen, and everyone living in Qatar worked very hard and they succeeded in proving the unity of Qatar in facing the blockade.”
A tightening of anti-money laundering rules by US and European banks in the last several years has added to the cost of this practice.
Qatar Chamber’s latest monthly report said the total value of non-oil exports in March 2018 reached QR1.4bn, compared to QR1.8bn in March 2017, or a 22% decrease.
Mohammed El Qorchi said Qatar had acted quickly to reroute trade disrupted by the sanctions and establish new sources of food supply, easing fears of shortages.
French Foreign Minister Jean-Yves Le Drian has called for a "de-escalation" in the row between Qatar and four Arab countries, as he held talks in the UAE and Kuwait, a mediator in the crisis.
Turkish exports to Qatar have tripled from their normal levels to $32.5mn since four Arab countries began boycotting the Gulf state on June 5, Turkey's Customs and Trade Minister Bulent Tufenkci said.
The political crisis in the Gulf is putting at risk business deals worth $2bn in Arab countries that have cut ties with Qatar, an economic official in Qatar said on Monday.