FT talks about concerns in financial centre. Qatar economy is not based on financial market whatsoever, the main GDP driver is Oil&Gas, which are one the more-less secure. Even if the whole financial & investment market dissapears here - Qatar will be fine. However it will not dissapear - the money in the banks belong to Qatar, not US failed institutions. Only the profits of banks because of credit freeze will be on decrease. They still have money coming from operational activities of gas companies.
The nature of gas contracts cushions the impact of the crisis, as the contracts are long-term. Qatar is a safe place people, stop panicing without a reason as this panic and pessimism is the main catalyst of this crisis.
FT talks about concerns in financial centre. Qatar economy is not based on financial market whatsoever, the main GDP driver is Oil&Gas, which are one the more-less secure. Even if the whole financial & investment market dissapears here - Qatar will be fine. However it will not dissapear - the money in the banks belong to Qatar, not US failed institutions. Only the profits of banks because of credit freeze will be on decrease. They still have money coming from operational activities of gas companies.
The nature of gas contracts cushions the impact of the crisis, as the contracts are long-term. Qatar is a safe place people, stop panicing without a reason as this panic and pessimism is the main catalyst of this crisis.