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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Qatar, on the cusp of a major economic disaster

    Rocky
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    • Post n°1

    Qatar, on the cusp of a major economic disaster Empty Qatar, on the cusp of a major economic disaster

    Post by Rocky Fri 30 Jun 2017, 2:11 am


    Qatar, on the cusp of a major economic disaster


    29/06/2017


    It revealed several news reports that Qatar is now on the cusp of a major economic disaster, because of the lack of liquidity caused by the panic that hit all depositors, after the threat of Gulf states against greater Doha escalation procedures.

    The Saudi Arabia, UAE, Bahrain and Egypt, broke off diplomatic relations with Qatar, because of accusations of supporting and financing terrorism.

    The four countries and made a demand of 13 to remove the tension with Qatar, and granted the Doha deadline of 10 days ending on July 3, otherwise countries will apply more force escalation procedures.

    The number of Arab newspapers that the four countries threatened to withdraw all their deposits in Qatari banks.

    The relocation of "eye gate" of the UAE for economists, saying "the Qatari banking sector caught between the benefit of high deposits and credit risk portfolio, in light of shrinking profits, high deductions non-performing loans, exceeding the Basel 3 standards and scarcity of liquidity, as opposed to the possibility of imposing international sanctions on some banks accused of financing terrorism. "

    The statistics indicated that banks and institutions of Saudi Arabia, UAE and Bahrain has a short-term deposits in Qatari banks about $ 18 billion worth all within two months.

    The Egyptian press reports that 24% of bank deposits in Qatar is a Saudi and UAE funds, and with the announcement of their withdrawal will worsen it up to destabilize the banking system in Qatar.

    And spoke of reports that Saudi Arabia, the UAE and Bahrain withdraw all their deposits in Qatari banks, may lead to the bankruptcy of a number of those banks, or at least decline in your credit rating in Doha, due to the lack of liquidity available for foreign currency in Qatar, and will lead to a lack of confidence in the investment climate in Qatar .

    For its part, Saudi Arabia "economic" newspaper said that Qatar has withdrawn QR 10 billion of deposits and borrowed $ 6 billion in just one month, raising to a real crisis compared to the exercise of Qatari banks in April / April last.

    http://aletejahtv.org/permalink/170627.html
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