Saudi Arabia and its closest allies have now ganged up on their wealthy neighbour, Qatar, for being a fountainhead of “terror”. Could the trouble in Qatar impact India? How should investors be positioned should there be an escalation in tension in the Middle East?
Why is Qatar important?
The Gulf state of Qatar is small – only about a third the size of Belgium – but has carved out a significant global profile in the past decade. Qatar has huge oil and gas riches that feed one of the world’s sovereign wealth funds. Qatar’s government founded the television network Al Jazeera in 1996 and the state-run Qatar Airways is among the world’s fastest-growing carriers.
Credits : Energy World
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