A post dated check on a crashing bank.....

A majority of foreign workers are now looking away from Qatar. Mainly due to the high cost of living and expat unfriendly rules and regulations including exit permit, sponsorship laws etc. Companies that are offering QR15-20k per month are now finding it difficult to get quality personnel, especially from countries such as India, which is witnessing an economic boom. The high exchange rate of the GBP and EUR has also deterred westerners from seeking jobs in Qatar, combined with the post 9-11 fears.

Qatar can ban the re-entry of expatriate workers for 5 years, but it would be interesting to know how they plan to cope up with the shortage of manpower that it will trigger AND what plans they have to promote the country among experienced and skilled professionals, as a destination for employers.