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Gulf crises will pass, but economy is stronger - Qatar's Emir

Reuters  |  DOHA 

(Reuters) - Qatar's Emir Sheikh said on Tuesday he regrets the continuation of conflict with other Arab states, but added that "crises will pass", outlining the nation's economic achievements over the past year.

The country would continue to develop its as it is keen to preserve its status as the top liquefied in the world, and that the country had grown its exports by 18 percent last year and slashed spending by 20 percent, Tamim said in a speech to the Arab state's shoura council.

Qatar's currency has preserved its value since the start of the rift last year and the economy has diversified to overcome the impact of sanctions imposed by other Arab states, Tamim said.

(Reporting by Maher Chmaytelli, Writing by Eric Knecht, Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 12:25 IST