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Egypt spells financial catastrophe for Qatar


Photo: Mohamed Morsi with his financier, the former emir of Qatar.

The rapid downfall of the Muslim Brotherhood, just one year after the Egyptian presidential election of Mohamed Morsi, constitutes a hard economic blow to Qatar.

Of the US$ 110 billion it reaped in annual revenues, the emirate donated 8 billion in various guises to boost the experience of the Muslim Brotherhood in Egypt.

In contrast with other major Arab channels, the Qatari Al-Jazeera television network covered the protests and military coup, flaunting its bias in favor of Mohamed Morsi.

«Fall of Egypt’s Mohamed Morsi is blow to Qatari leadership», par Simeon Kerr, The Financial Times, 3 juillet 2013.

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