Technology Slice Blog

2022 World Cup Bid - Qatar’s shares increased the most in almost two weeks on optimism about the Persian Gulf country’s bid to host soccer’s 2022 World Cup. Industries Qatar, the second-biggest petrochemicals maker in the Middle East, rose a second day and Qatar National Bank, the nation’s biggest lender by assets, gained 1.7 percent. The QE Index climbed 0.7 percent, the most since Nov. 22, to 8,184.91 at the 12:30 p.m. close in Doha. Markets in the United Arab Emirates are closed today through Dec. 5 for the country’s National Day and an Islamic holiday. “If Qatar wins, it would have a massive impact on the country’s infrastructure and economy as it would improve liquidity and affect companies in the real estate, communications and logistics sectors,” said Ahmed A. Hadi, general manager of equity brokerage at Dlala’ Brokerage & Investment Holding Co. in Doha. “Investors have eagerly been waiting for the moment the winners of the bid are announced.” The Federation Internati...