ISO 9001:2008 CERTIFIED NEWSPAPER Qatar’s storage facility zone to attract QR2.77bn Business | 21 Monday 15 December 2014 • 23 Safar 1436 • Volume 19 Number 6280 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Emir meets Saudi Prince Palestinians to seek UN resolution Qatar has 122 against occupation RAMALLAH: The Palestinians are to present a publications draft resolution to the United Nations Security Council Wednesday that would set a two-year deadline for Israel to end its occupation, an official in 8 languages said. “The Palestinian leadership took a decision to go to the Security Council next Wednesday 5 Arabic, Malayalam dailies each to vote on their project to end the occupation,” senior Palestine DOHA: Qatar has 122 publica- language Filipinos speak, has one Liberation Organisation mem- tions registered and circulated local daily, while there are two ber Wassel Abu Yussef told AFP in eight languages annually, weeklies in Nepali and one each yesterday after a meeting in with those in Arabic accounting in Tamil, Sinhala and Urdu. Ramallah. for 52 percent. Tamil is spoken in India (in The Israeli Foreign Ministry Official data released yesterday southern state of Tamil Nadu) declined to comment ahead of for the first time on dailies and and Sri Lanka, while the latter’s today’s meeting in Rome between periodicals in Qatar show there main language is Sinhala. Israeli Prime Minister Benjamin are five Arabic dailies and as The Ministry said the fact that Netanyahu and US Secretary of many in Malayalam. there are publications in eight State John Kerry. Malayalam is the language languages in Qatar shows the The Emir H H Sheikh Tamim bin Hamad Al Thani with Chairman of Saudi Arabia’s Kingdom Holding Company AFP spoken in the south Indian state diversity of its population. (KHC), Prince Al Waleed bin Talal bin Abdulaziz Al Saud, at Al Bahr Palace yesterday. of Kerala that sends the largest Top on the list of the 122 pub- number of Indians to Qatar. lications are those of mixed type The five dailies published in (31), some 20 of them being news- Malayalam locally have 1,825 papers with 5,735 issues annually. editions annually — the same as The remaining 11 are maga- Arabic, according to a study con- zines with 96 editions a year. Qatar shares plunge to one-year low ducted by the Ministry of Arts, Business publications rank second Culture and Heritage. with 130 editions in a year. BY SATISH KANADY which have maximum weight- near term sentiment, analysts told commented Afa Boran, head of English-language dailies total Publications dedicated to social age in the index, tanked 5.6 per- The Peninsula. Six months back, Asset Management, Amwal. “ We four and they together have 1,460 subjects total 10 with 46 annual DOHA: A fresh wave of profit cent each. International Islamic stocks were valued on the assump- have particularly been cautioning annual issues. The study, though, issues followed by children’s mag- taking pushed Qatari stocks was hammered by 10 percent. tion that oil at $110 per barrel was investors about certain overval- does not cite readership figures. azines, their number being seven down to almost one year low QIB and Doha Bank plunged by normal, and now $60 per barrel ued stocks in Qatar, which are This is a first study by the with 56 yearly editions. yesterday. On the oil-triggered 7.47 percent and 7.71 percent, seems to be the new normal. Both now dropping more than others. Research and Cultural Studies Religious periodicals number panic selling, the benchmark respectively. Property developer positions as extreme and the mar- For instance GIS is down 40 per- Department of the Ministry and five with 35 editions a year. On index tumbled 5.85 percent close Ezdan was down by 10 percent. ket’s drop yesterday as excessive cent since the mid-September the idea is to show the nature of social security issues, the number to January 13 levels and the big- A whopping QR64bn evaporated for many Qatari stocks, a top mar- market peak, while Vodafone is publications in Qatar and their of periodicals is seven with 46 gest one day loss in 70 months. from the market within a span ket commentator said. down 33 percent and Masraf Al diversity. annual editions. There are four The bourse’s main index plum- of three days, as the market cap Global equity markets being Rayan down 28 percent. Overall English-language publica- sports publications with 116 meted to 10,900 during intraday plummeted to QR614bn from down around 4-7 percent last week market is down 21 percent during tions total 22, accounting for 18 annual issues, and tourism peri- before settling at 11,114 points. Wednesday’s QR678bn. alongside the oil price drop has the same period and QNB is down percent of the total (122) while odicals number four (with 32 The entire 43 stocks got bat- The slump in oil prices contin- dampened near term sentiment. only 11 percent.” Malayalam’s share in the total yearly issues). THE PENINSULA tered and the banking and ues to send jitters among traders. Another reason for the market THE PENINSULA is four percent. Tagalog, the Continued on page 8 Industrials stocks, two sectors Oil price drop has dampened the drop is the high stock valuations, Continued on page 8 Major climate deal reached for 2015 LIMA: About 190 nations among weary delegates almost greenhouse gas emissions. agreed yesterday the building two days into overtime after two It also satisfied rich nations led blocks of a new-style global deal weeks of talks, appeased devel- by the United States who say it due in 2015 to combat climate oping countries led by China and is time for fast-growing emerg- change amid warnings that far India, concerned that previous ing economies to rein in fast-ris- tougher action will be needed to drafts imposed too heavy a burden ing emissions. China is now the limit rising world temperatures. on emerging economies compared biggest greenhouse gas emitter Under the Lima deal, govern- to the rich. ahead of the United States, the ments will submit national plans “We’ve got what we wanted,” EU and India. for reining in greenhouse gas said Indian Environment “This is a good document to emissions by an informal dead- Minister Prakash Javedekar, pave the way to Paris,” EU Climate line of March 31, 2015 to form the who said the text preserved the Action and Energy Commissioner basis of a global agreement due at notion enshrined in a 1992 climate Miguel Arias Cañete told Reuters a summit in Paris in a year’s time. convention that the rich have to at the end of two weeks of talks. The texts, breaking deadlock lead the way in making cuts in REUTERS Hamas parade Doha Metro 16pc complete, says official DOHA: Work on the Doha Metro project is on track and about 16 per cent of it has been completed, according to Abdulla Abdulaziz Al Subaie, Managing Director (MD) and Chairman of Qatar Rail. Underground infrastructure for Lusail Light Rail Transit has also been completed, with eight tunnels stretching over eight kilo- metres, Al Subaie said, talking to the media at Darb Al Saai yester- day, Al Sharq reported. Basic designs for passenger and freight trains as part of the rail project have also been finalised. The rail project is expected to be complete by 2018. Palestinian militants of the Ezzedine Al Qassam Brigades, Hamas’s Tenders for construction work armed wing, display weapons during a parade marking the 27th anni- for the project will be issued by versary of the Islamist movement’s creation, in Gaza City yesterday. the second quarter of next year, said Al Subaie. THE PENINSULA MONDAY 15 DECEMBER 2014 HOME www.thepeninsulaqatar.com 03 PM attends launch of Storage Areas Project SMEs will be able to contribute more to national economy DOHA: The Prime Minister issued directives to strengthen and Interior Minister H E possibilities for storage and Sheikh Abdullah bin Nasser improve conditions. bin Khalifa Al Thani yester- The Premier said directives day attended the launch of the to set up a logistics committee Storage Areas Project at Dana aimed to eliminate bureaucratic Club. procedures in implementation of He said the project follows projects, adding that enabled us directives of the Emir H H Sheikh within a short time to offer land Tamim bin Hamad Al Thani to plots and create a fair and trans- the government to enable the parent competition to reach the private sector, foremost of which signing of deals with companies being small and medium compa- to launch the project. nies, to participate more in the He said the project, expected to national economy in line with be completed within 24 months, Qatar National Vision 2030. will provide facilities at a com- The Premier said the gov- petitive price for SMEs in terms ernment acted in the light of of size based on global standards, these directives to support the bridge the gap between supply and non-oil sectors through initia- demand in the storage market, tives, including the expansion of cope with illegal and unsafe stor- industrial areas and the increase age offers, contribute to reducing of storage capacity, to keep pace the high increase in the cost of with the needs of economic devel- public goods in general because of opment, with meet challenges of the availability of storage at a rea- inflation, reduce business costs sonable price, provide more jobs and maintain consumers’ security and support competitiveness of and health.