Middle-east Arab News Opinion | Asharq Al-awsat

Rising Economic Risks Increase Doha Losses | ASHARQ AL-AWSAT English Archive 2005 -2017
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Riyadh- In accordance with the economic principle “capital is a coward” which is usually adopted by investors in countries with high-risk rates, especially with risks having unknown results or duration, and with the formation of an international opinion against the positions of Qatar, the results would prevent Doha from receiving new economic and investment activities because of the lack of confidence in its ability to provide a safe environment for investment and foreign trade.

Experts and observers have advised Doha to invest the remaining days of the deadline period to stop the negative effects on its economy.

Economic Researcher Dr. Sadiq Idris told Asharq Al-Awsat that the Qatari crisis has become “more complex and influential on the local economy as the positions against Qatar have expanded exponentially and found a broad base, joined by many intellectuals and diplomatic figures, this directly destabilized confidence in a safe environment for investment and economic, trade and financial projects of different forms and nature.”

Idris believes that the expansion of the anti-Qatar stance in a number of countries in the world has taken an exponential path and has created hesitation for investors to implement any form of economic or financial partnership with Doha, in light of the tight boycott of its economy and the closure of its land, sea and air ports to its most important commercial neighbors and Gulf investors, not to mention other countries.

For his part, Financial Analyst Saber Abdulmajid told Asharq Al-Awsat: “The extension of the Qatari boycott has contributed to the expansion of the opposition because it has increased the opportunity to learn more about it and the reasons for boycotting, which helped create a greater public opinion through available means, especially social media.”

“It has become an extension of the boycott of Saudi Arabia, the UAE, Egypt, and Bahrain to Qatar, whose political implications appeared to affect their economic repercussions,” Abdulmajid added.