Citing expectations of notable slowing in economic growth andconcerns about fiscal and current account deficits widening, S&P has downgraded Qatar from AA to AA- as credit risk premia hit 2017 highs.
Qatar credit risk is at 2017 highs (but remains well below Jan 2016 recent highs...
Full Statement from S&P...
The United Arab Emirates declared on Wednesday that anyone publishing statements sympathetic to Qatar could be punished with up to 15 years in prison, and said it would deny entry to anyone with a Qatari passport or resident visa.
In the ongoing diplomatic crisis between Qatar and its Gulf/Arab peers, which is either the result of Saudi nat gas envy or - for those who watch CNN - Russian hacking, Turkey has emerged as a vocal supporter of the small but wealthy state. On Tuesday, Turkish President Recep Erdogan defended Qatar, saying he personally would have intervened if accusations that the tiny Gulf emirate supports "terrorism" were true and said he intends to "develop" ties with the embattled Gulf state hit by sanctions from Saudi Arabia and its allies.
It's official: there is nothing in this world that Russian hackers can't do.
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In an opportune coincidence, when discussing the Qatar crisis earlier today, we laid out the "official narrative" behind the dramatic fallout in diplomacy between Qatar and Saudi Arabia.
Content originally published at iBankCoin.com
You've got to be a complete imbecile to believe in these Russian fairytales. How pervasive and powerful are these Russian hackers after all? Are our cyber experts merely standing around with dildos in their mouths, as these powerful king makers plant FAKE NEWS across the world -- causing rifts, election upsets, and wars?