Qatar stock exchange looks to new ETFs to attract more foreign cash - Reuters:
Qatar’s stock exchange is developing two new Exchange Traded Funds, part of efforts by the Middle East’s strongest performing stock market in 2018 to boost foreign investment, CEO Rashid al-Mansoori said.
Qatar has been on a drive to attract capital from new sources since Saudi Arabia, the United Emirates, Bahrain, and Egypt imposed an economic boycott over what they allege is Qatar’s support of terrorism, which Doha denies.
Companies on Qatar’s exchange have since increased foreign ownership limits to 49%, most of which had previously been set at 25%, drawing a flood of cash that helped to boost the main index by more than 20% last year.
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