Thursday 28 May 2015

MIDEAST STOCKS-Qatar slides on FIFA probe, arrests; oil weighs on Gulf | Reuters

MIDEAST STOCKS-Qatar slides on FIFA probe, arrests; oil weighs on Gulf | Reuters:



"Qatar's bourse fell sharply on Wednesday after the United States and Switzerland launched criminal probes against FIFA officials, while other Gulf stock markets were weak as oil prices failed to recover from Tuesday's drop.



Swiss authorities opened criminal proceedings against individuals on suspicion of mismanagement and money laundering related to the award of rights to host the 2018 and 2022 soccer World Cups, which went to Russia and Qatar respectively. 




Meanwhile six high-ranking soccer officials, including two vice-presidents of world governing body FIFA, were arrested by Swiss police and detained pending extradition to the United States."



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