18 Jul 2017 - 2:11
Siege nations miscalculated moves: The Australian
The Australian newspaper reported yesterday that the countries putting Qatar under siege might have miscalculated their moves, weeks after the siege.
The newspaper in an article titled “Qatar Beats The Gulf Blockade” noted that the Qatari economy is simple in its basic structure and is not dependent on intricate supply chains. The article also noted that trade between GCC members, apart from oil, was less than 10 percent.
The article also said that Qatar may be in a better position to weather the storm than the UAE or Saudi Arabia due to its smaller population and its sovereign wealth fund. It also said that the ability of Saudi Arabia and the UAE in dealing with Qatar will be limited, as their economies were affected by the decline in oil prices.