Qatar

Qatar Economic Themes & Investment Implications 2016

With the second lowest fiscal breakeven oil price (USD 57.8 per barrel) and the presence of ample fiscal reserves and buffer (172 per cent of GDP), Qatar is expected to withstand the current environment of low oil prices better than its regional peers. According to Marmore’s Qatar Economic Themes report,the country plans to spend USD 200bn on infrastructure as part of its 2030 development plan and this  has lured foreign contractors to what promised to be big profits, but project...

Qatar Stock Market Outlook 2016

Price-to-earnings multiple for Qatar has fallen by 25% and currently stands at 11.1x. Qatar market is relatively undervalued when compared to the markets of Saudi Arabia and Kuwait. Investor interest in the market waned post 2014 owing to poor international conditions. Qatar also has the highest dividend yield in the region at 5.1%. We expect corporate earnings growth to be slightly negative in 2016. Earnings are expected to slightly reduce as infrastructure spending peaks. Real estate and commodities sector in...