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UAE blacklist likely to squeeze liquidity of Qatari banks

Move followed isolation of Qatar by four states, which have cut all diplomatic and transport links

Reuters  |  Dubai 

A move by four Arab states to blacklist dozens of figures with alleged links to Qatar could squeeze liquidity at Qatari banks which get a significant amount of their funding from the region. Qatari banks have around 60 billion riyals ($16 billion) in funding in the form of customer and interbank deposits from other Gulf states, Chiradeep Ghosh, banking analyst at SICO Bahrain, said. But the United Arab Emirates central bank has ordered local banks to stop dealing with the 59 individuals and 12 entities with alleged links to Qatar and to freeze their assets, state news agency WAM ...

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First Published: Sat, June 10 2017. 17:20 IST
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