These Are the Corporate Winners and Losers of the Qatar Standoff

12 Jun 2017   Qatar

Sanctions against Qatar may hurt U.A.E. construction companies Qatar Airways is set to be one of the biggest losers With Qatar increasingly isolated from its Gulf neighbors in an escalating geopolitical crisis, the economic and financial implications are starting to emerge. The country — which has been accused of supporting Islamist militant groups by Saudi Arabia, Bahrain, the United Arab Emirates and Egypt — relies on other Gulf states for about 20 percent of its imports and almost half of its tourists, according to Dubai-based Arqaam Capital Ltd. Billions of dollars of infrastructure projects are also at stake as it prepares to host the 2022 soccer World Cup. “We expect the move to cut diplomatic ties with Qatar could have significant economic ramifications for its economy, but to have barely an effect on the rest of the GCC,” said Arqaam’s head of equity research Jaap Meijer. “We expect consumer […]

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