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Sluggish July imports in Qatar show sanctions still hurting economy

Saudi Arabia, UAE and Bahrain cut diplomatic, transport ties with Qatar on June 5

Reuters  |  Dubai 

Qatar's imports recovered only slightly in July after plunging in June, government data released on Thursday showed, suggesting the country's economy is still suffering from sanctions imposed by other Gulf states. Saudi Arabia, the United Arab Emirates (UAE) and Bahrain cut diplomatic and transport ties with Qatar on June 5, accusing Doha of supporting terrorism, which it denies. The closure of the Saudi border with Qatar and disruption to shipping routes via the UAE slashed Qatar's imports by 37.9 per cent in June compared with May, forcing Doha to scramble to ...

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First Published: Thu, August 24 2017. 23:15 IST