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Tags: ML | Qatar | Economy

IMF Says Transport, Food Costs Are up in Qatar after Rift

Wednesday, 30 August 2017 02:38 PM

DUBAI, United Arab Emirates (AP) — The International Monetary Fund says transportation and food costs in Qatar have "edged up" due to a diplomatic rift that led four Arab countries cut ties with the small Gulf state.

An IMF team visited the capital, Doha, this week, saying in a statement Wednesday that Qatar's government mitigated the immediate impact of trade disruptions, but that some costs have gone up as a result of delays caused by rerouting trade. Non-oil growth is projected to shrink by 1 percent to 4.6 percent this year.

In June, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport links with Qatar. Saudi Arabia also sealed Qatar's only land border, a major conduit for imports. The IMF says the rift could weaken investor confidence in the Gulf.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
The International Monetary Fund says transportation and food costs in Qatar have "edged up" due to a diplomatic rift that led four Arab countries cut ties with the small Gulf state.An IMF team visited the capital, Doha, this week, saying in a statement Wednesday that...
ML,Qatar,Economy
133
2017-38-30
Wednesday, 30 August 2017 02:38 PM
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