Qatar’s $68bn foreign debt leaves its banks in a similar position to Dubai before the 2008 crisis

Qatar is the darling of the frontier markets with the lowest interest rates on its government debt. But the tiny Gulf State has become dependent on foreign funding. Total foreign claims of $68 billion leave its banks in a similar position to Dubai before the late 2008 global financial crisis, warned The National today.
http://www.arabianmoney.net/islamic-finance/2012/07/06/qatars-68bn-foreign-debt-leaves-its-banks-in-a-similar-position-to-dubai-before-the-2008-crisis/