Wednesday 30 March 2011

Not everything in the garden is rosy in Qatar - The National

Who could possibly doubt Qatar?

The recently appointed host of the 2022 Fifa World Cup and poster child for liquefied natural gas (LNG) development has been on a roll, and its stock market has largely shrugged off the ill-effects of unrest elsewhere in the Middle East.

But wait: Global Investment House reports this week that profits at listed Qatari companies were an average 9 per cent lower last year than 2009, led by Qatar's service sector, where profits fell 39.3 per cent.

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