Qatar bankrolls Syrian revolt with cash and arms

FINANCIAL TIMES: The gas-rich state of Qatar has spent as much as $3bn over the past two years supporting the rebellion in Syria, far exceeding any other government, but is now being nudged aside by Saudi Arabia as the prime source of arms to rebels.

The cost of Qatar’s intervention, its latest push to back an Arab revolt, amounts to a fraction of its international investment portfolio. But its financial support for the revolution that has turned into a vicious civil war dramatically overshadows western backing for the opposition.

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For Qatar, owner of the world’s third-largest gas reserves, its intervention in Syria is part of an aggressive quest for global recognition and is merely the latest chapter in its attempt to establish itself as a major player in the region, following its backing of Libya’s rebels who overthrew Muammer Gaddafi in 2011.… (more)

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