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Qatar has spent 10% of its financial reserves (and 23% of its GDP) under 3 months of Saudi blockade
by kleinbl00

    According to the report, Qatar injected $38.5 billion (£29.1 billion), 23% of GDP, into its economy and financial system over June and July — more than 10% of its $340 billion (£457.6 billion) in financial reserves.

    The dispute is bad news for all six Gulf Cooperation Council (GCC) countries, the agency said, but Qatar and Bahrain are the most exposed. Qatar is facing socioeconomic challenges related to travel and trade restrictions and Bahrain is most at risk from foreign investors turning away from the region, given its weak government balance sheet.