🇶🇦 Qatar's revenues fell by 42% in the first half of the year, while government spending was cut by 14%, which did not affect essential services or priority development projects

🇶🇦 Qatar's revenues fell by 42% in the first half of the year, while government spending was cut by 14%, which did not affect essential services or priority development projects

- said today Emir Tamim bin Hamad al-Thani.

The revenue decline is linked to the closure of the Hormuz Strait and damage to energy facilities in Ras Laffan, which disrupted a large portion of the country's exports.

Qatar makes up a fifth of the global liquefied natural gas (LNG) market, so these disruptions could become a source of instability for world energy markets