MIDEAST STOCKS-Gulf falls, Qatar hit by austerity worries | Reuters:
"Gulf stock markets fell in line with weak global bourses early on Tuesday, with Qatar lagging after a senior official said the government needed to consider tax and spending reforms.
The Qatar index was down 1.3 percent after 50 minutes of trade with all of the 10 most heavily traded stocks lower. Petrochemicals and metals producer Industries Qatar sank 1.8 percent.
Saleh Mohammed al-Nabit, Qatar's Minister of Development Planning and Statistics, said in a speech on Monday that the government must urgently consider reforms to its subsidy and tax systems in light of low oil and gas prices."
'via Blog this'
No comments:
Post a Comment