Credit Suisse Weighs in on Qatar’s World Cup Bid - Middle East Real Time - WSJ:
"It hasn’t exactly been smooth sailing for Qatar since it started preparations to host the World Cup football in 2022. Ever since the wealthy Gulf state won the rights to host the tournament in 2010, it has been the subject of bribery allegations while at the same time criticism has mounted over the way the country treats its foreign labor force.
Big banks such as Bank of America Merrill Lynch and Credit Suisse CSGN.VX +1.58% are now weighing in on the debate as they measure the potential economic cost if Qatar were to be stripped of the World Cup hosting rights.
Credit Suisse in a new report predicts Qatar will inevitably suffer some short-term pain: equities could fall 20% should Qatar lose the rights to host the marquee sports event. That drop, however, could provide bargain hunters with an ideal buying opportunity, it says."
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