Bankers Are Sick of Choosing Sides Between Qatar and Saudi Arabia
For top dealmakers, the Gulf diplomatic standoff isn’t good for business.
A military parade to mark Qatar’s national day celebration in Doha.
Photographer: Karim Jaafar/AFP via Getty Images
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When Saudi Arabia cut ties with Qatar in mid-2017, many international bankers chose to chase a potential fee windfall in Riyadh over doing deals with its rich but isolated neighbor.
They’re not willing to pick sides anymore.