Worst May Be Over for Qatar Banks as Deposit Flight Slows

The drop in Qatar’s non-resident deposits slowed to 4.2 percent in September, easing pressure on banks amid a lingering political crisis with Saudi Arabia and three other Arab countries. Banking and economic data show that the worst may be over for the gas-rich nation -- as long as tensions don’t flare again, according to Jason Tuvey, a London-based economist at Capital Economics. “We expect strains in the banking sector to continue to ease,” he said.

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