Middle-east Arab News Opinion | Asharq Al-awsat

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A man enters a Lloyds Bank branch in central London, Britain February 25, 2016. REUTERS/Paul Hackett

British Banks Refusing Qatari Riyals

by Mutlaq Moneer, Said Abdel-Razek, Asharq Al-Awsat | Jul 1, 2017 | Business

London, Ankara, Dammam – The decision by Gulf and Arab countries to cut ties with Doha over its support to terrorism has greatly impacted the Qatari economy, as the Qatari riyal trade has been disrupted in major European capitals. Several British banks said on Friday...

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A man counts Qatari riyal notes at a money changer in Doha May 28, 2013. REUTERS/ Fadi Al-Assaad

Qatari Riyal Suffers Worst Condition in Three Decades

by Asharq Al-Awsat | Jun 24, 2017 | Business

London- Foreign investors are testing Qatar’s currency peg, revealed Bloomberg, adding that cutting ties led to a temporary shortage in the American dollar. The Qatar Central Bank provides dollars to domestic banks at the pegged rate, satisfying onshore dollar demand...

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A cashier counts Qatari riyal notes at a money changer in Doha May 28, 2013. REUTERS/Fadi Al-Assaad

Qatar Riyal Dips to Lowest Level since 2005

by Asharq Al-Awsat | Jun 19, 2017 | Business

London- Qatar’s riyal is being quoted weaker than its peg against the US dollar as Doha grapples with a diplomatic crisis, but that is the result of poor liquidity in the currency market. The Qatar’s riyal, officially fixed at 3.64 to the dollar since 2001, has...

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A general view of Doha city with buildings under construction in this December 24, 2012 file photo. (REUTERS/Fadi Al-Assaad/Files)

Inflation Spikes as Qatar Gears up for Spending Spree

by Asharq Al-Awsat | May 2, 2013 | Business

Doha, Reuters—Five years ago, inflation in Qatar soared into the double digits after the tiny country spent heavily on hosting the 2006 Asian Games. Now, with another government spending spree and an even bigger sports event looming, inflation is on the rise again....