Network News

X My Profile
View More Activity





Posted at 11:18 AM ET, 12/ 2/2010

Qatar to host World Cup 2022: A boon for the country's stock market?

By Sarah Halzack

The announcement that Qatar beat out the U.S., Australia, Japan and South Korea to play host to this major international sporting event could be giving a boost to the small Middle Eastern nation's stock market.

Bloomberg News is reporting that speculation that the country would win their bid drove the Qatar Exchange Index up 0.7 percent before closing for the day.

Prior to Qatar's selection, Ahmed A. Hadi, general manager of an equity brokerage firm in Doha, told Bloomberg:

"If Qatar wins, it would have a massive impact on the country's infrastructure and economy as it would improve liquidity and affect companies in the real estate, communications and logistics sectors."

By Sarah Halzack  | December 2, 2010; 11:18 AM ET
 
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Congressional hearing: Do banks lack the legal standing to foreclose?
Next: Economic agenda: Friday, Dec. 3, 2010

No comments have been posted to this entry.

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company