Paratroopers from the Qatari armed forces take part in Qatar’s National Day celebrations in Doha, Qatar. Photo: Reuters |
The Gas-rich state has offset the impact of the embargo on its economy, prompting Moody’s Investors Service in July to reverse last year’s cut in its credit-rating outlook. Doha’s credit risk plunged and foreign investors piled into its stocks at the fastest pace since at least 2016.
Meanwhile, nations that have aligned themselves with Saudi Arabia have been exposed to the fallout of the kingdom’s policy missteps, putting pressure on their assets in a year that saw a sudden drop in the price of oil, the main source of revenue for most Gulf states.
The scorecards below show the performance of assets this year through 23 December.
Yields on benchmark bonds
5-year CDS
Stock markets
Foreign inflows
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