Qatar: Gulf crisis puts $2B in contracts at risk

DOHA: The political crisis in the Gulf is putting at risk business deals worth $2 billion in Arab countries that have cut ties with Qatar, an economic official in the emirate said Monday.

Yousuf Mohamed al-Jaida, chief executive of the Qatar Financial Centre, said the majority of the contracts at risk -- some $1.5 billion (1.3 billion euros) -- were in the area of construction.