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Saudi Arabia's drive to make Qatar abandon its embrace of the Muslim Brotherhood may founder because of the limited leverage the Saudis and their allies can exercise over the world's richest country.Qatar traded more with Singapore in 2012 than it did with the three Gulf neighbors – Saudi Arabia, the UAE and Bahrain – which withdrew their ambassadors from Doha last week to protest the Brotherhood connection. Saudi Arabia and the UAE welcomed Morsi's overthrow by Egypt's army last year.Egypt has also pulled its ambassador out of Doha, and won't restore ties until political demands are met, Foreign Ministry spokesman Badr Abdel-Atty said Thursday, according to the Middle East News Agency. Announcing the withdrawal of their diplomats on March 5, Saudi Arabia, Bahrain and the UAE accused Qatar of failing to take action against those who threaten the security of GCC countries, or to honor a pledge to refrain from supporting "hostile media". Trade with Saudi Arabia and the UAE, the biggest Arab economies, was worth a combined $6.4 billion in 2012, according to data compiled by Bloomberg, less than 5 percent of Qatar's total.Qatari banks don't operate in Saudi Arabia, according to the Saudi central bank, unlike those from the UAE, Bahrain and Kuwait. The UAE and Saudi Arabia were the second and third-biggest sources of Qatar's imports in 2012, after the U.S.
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