Vodafone UK said it would sell its stake in Vodafone Qatar for 301 million euros (around $369.9 million), following a series of huge losses. Vodafone holds 51 percent of the joint venture. According to Bloomberg, non-profit Qatar Foundation agreed to buy the exiting company’s stake – Vodafone Qatar losses have been building since the company started operations in 2009. This sell out reflects the huge concerns of international companies and investors towards future of investments in Qatar. The sell out from a promising sector such as the telecommunication and IT is considered strong proof on the doubts concerning the future of the Qatari economy and its potential to grow. In this regard, Reuters reported that the brand of Vodafone UK will remain in Qatar, within a partnership of an initial period of five years. Vodafone Qatar losses reached QAR182.2 million at the end of nine months in December 2017, as part of a series of global losses. These updates coincide with international agencies describing the Qatari stock exchange performance as the worst worldwide in 2017. Furthermore, the listed companies fiscal results witnessed negative performance during the first nine months of 2017 – to an extent that the fiscal performance of one of the listed banks dropped 4,200 percent. Bloomberg linked the deterioration of the Qatari economy with economic and diplomatic boycott imposed by Saudi Arabia, Bahrain, Egypt and the United Arab Emirates over Doha’s support and financing of terrorism. The sell out raises concerns over the future of foreign investments in Doha and Qatar’s economy as a whole.