(MENAFN) Qatari experts said that refinancing of USD1bln loan by Doha Festival City in Qatar will be delayed after rising diplomatic crisis which prevented banks from doing Qatari business.
As the refinancing was supposed to be coordinated by investment bank QInvest, it was marketed earlier to both Qatari and regional banks including banks in the United Arab Emirates.
According to two bankers from Qatar, the diplomatic tensions were the main reason drove the deal to be delayed.
Earlier, Saudi Arabia, UAE, Bahrain and Egypt cut diplomatic ties with Qatar and accused it of supporting terrorism.
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