Islamic Finance

Gulf thaw may boost Qatar’s non-oil economy, Fitch says


Photo via Bloomberg

Published 05 Jan,2021 via Bloomberg Politics & Policy - A resolution of the dispute between Qatar and its Gulf neighbors is expected to bolster prospects for the gas-rich nation’s non-oil economy over the medium term, according to Fitch Ratings.

“A resumption of travel links will eventually lift tourism inflows, and greater interest from regional buyers could support the real estate market, which has been in a multi-year downturn,” the ratings agency said in a note.

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tags:

Gulf rift
Macroeconomy
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Abbas Al Lawati