Qatar’s Minister of Foreign Affairs Mohamad bin Abdulrahman al-Thani has said that regaining trust with GCC countries will take a long time.
The implications of the Qatari crisis has begun to directly impact expats, with many workers have been asked to take unpaid leave amid sky-rocketing prices in the country.
Similarly, the construction being done ahead of Doha's hosting of the 2022 World Cup has slowed down and the country has stumbled upon an oil crisis.
Oil and debt
The sharp decline in oil prices, as well as slowing sponsorship system has also triggered expats to leave. Other reasons include the increased price of fresh produce as a result of closing down the Saudi-Qatari border.
The consequences of the apparent complications has put the country in debt to workers not receiving their salaries. Qatar has several workers from India and Nepal who earn about QR 800 monthly and make up an estimated 90 percent of the country’s total population of 2.7 million people.
According to a Human Rights Watch report, many migrant workers, primarily from South Asia, are stranded in Saudi Arabia because their Qatari sponsors had to return to Doha under the terms of the Gulf rift.
-
Qatar debt rating downgraded by S&P as riyal hits 11-year low
Standard & Poor’s downgraded Qatar’s debt on Wednesday as the riyal currency fell to an 11-year low amid signs that portfolio ... Economy -
Qatar economic slowdown sees foreign workers trapped by debts
Gulf countries like Qatar largely do not have bankruptcy laws, leaving laid-off workers on the hook for huge outstanding sums Economy -
Boycott is affecting Qatar’s economy as well as workers
For all the brave front that Qatar is putting up in wake of the boycott by Gulf and Arab states over Doha’s role in propping up terror networks ... Economy -
How could Qatar still be stripped of World Cup 2022
Reports