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Gulf economies face major challenges in post-COVID 19 world

Signals indicate the embargo imposed on Qatar could come to an end, but can the Gulf Cooperation Council play a coordinating role vital to diversify Gulf economies post-pandemic?
A worker inspects bottles of milk on on the producion line at a dairy factory at Baladna farm in the city of al-Khor, 60 kilometers north of the Qatari capital on October 26, 2019. - The cows of Qatar's Baladna farm, housed in climate-controlled farms in the desert, exemplify the lengths to which Qatar has gone to resist what it calls an economic "blockade" enforced by its Saudi-led neighbours. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

As the spotlight returns to the yearslong rift among Gulf countries and Qatar, and new reports claim an end may be in sight, there are massive challenges ahead for Gulf economies — even if the dispute is brought to a successful end.

Four Arab countries imposed an embargo on Qatar in mid-2017, in the hope that it would force the gas-rich emirate to kneel down and comply to a list of 13 demands that included severing ties with Iran and the Muslim Brotherhood, as well as shutting down Al Jazeera.

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