WASHINGTON: Qatar saw its ranking decrease from 136th last year to 183rd for protecting minority investors, according to “Doing Business 2017” Report of the World Bank covering 190 countries.
The World Bank also warned Qatar against continued decline in economic growth due to its internal policies that have a negative impact on the protection of minority investors in the country. Such decline would expedite investors’ withdrawal from Qatar due to practices by Qatari authorities and judicial corruption, it said.
It pointed out that foreign and minority investors lose eight per cent of their cases in favour of influential parties, and that government institutions lack transparency when dealing with foreign investors and threaten minority investors whose views are in conflict with governing authorities.
Qatar has become one of the most repellent markets for investors, the report adds.