Economy / Qatar
Qatar
May 2009 | Ratings UpdateIn early May, the Qatar Chamber of Commerce and Industry (QCCI) called on the government to review the draft of a proposed law that would allow foreign investors to own 100% of Qatari companies - at present, foreign ownership is generally capped at 49%. The QCCI is reportedly concerned that the law would expose local businesses to fierce competition from abroad. The Qatari polity is very stable, but the social contract between the absolute monarchy and the local population could be strained if the latter were to be adversely affected by an increase in foreign
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