Arab enemies may impose new sanctions on Qatar
Keyword(s):
Significance Hopes for a swift resolution of the Gulf crisis were dashed on June 23 when details emerged of a list of 13 demands sent by the four countries that launched a boycott of Qatar on June 5: Saudi Arabia, the United Arab Emirates (UAE), Egypt and Bahrain. Impacts The concept of the Gulf Cooperation Council (GCC) as a common market has been permanently damaged. An increased political risk premium will raise borrowing costs across the GCC. Firms in Qatar will find it harder to retain and recruit professional expatriate staff.