iShares MSCI Qatar Capped
Company & Industry Overviews
Cheniere Energy (LNG) is protected from fluctuation in LNG prices to a large extent, as 87% of the capacity from its seven trains is tied to long-term contracts.
Qatar’s (QAT) economy continued to grow in 1Q17 amid improved oil prices since 2Q16. But more recently, oil prices have hit a downtrend.
Middle East equities (GULF) continued to drop after neighboring Arab nations decided that they would impose new measures or sanctions on Qatar.
Qatar’s exports stood at 20.2 billion riyals in May 2017—an increase of 8% compared to a fall of 5% in the previous month.
Qatar was expected to grow at a faster pace in 2017. However, economic sanctions by its neighbors are expected to impact its economic activity in 2017.
Decades of cold war among GCC (Gulf Cooperation Council) members in the Middle East resulted in the Qatar crisis in 2017.