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Qcb Issues New Diktats on Bounced Cheques

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Qcb Issues New Diktats on Bounced Cheques QatarTribune Qatar_Tribune QatarTribuneChannel qatar_tribune MONDAY NOVEMBER 2, 2020 RABI AL-AWWAL 16, 1442 VOL.14 NO. 5093 QR 2 Fajr: 4:24 am Dhuhr: 11:17 am PARTLY CLOUDY Asr: 2:29 pm Maghrib: 4:54 pm HIGH : 33°C LOW : 25°C Isha: 6:24 pm World 7 Business 9 Sports 12 10 dead as Typhoon Ooredoo unveils Qatar Classic Squash Goni batters the Qatar’s first Quad Play 2020: Al Tamimi holds Philippines business plans off Rooney AmiR MEETS CHaiRmaN OF HiGH COUNCIL OF LiBYA PM WITNESSES SIGNING OF MoU IPAQ, UBS sign MoU to set up local wealth Daily COVID-19 management centre cases drop QNA Today, I witnessed below 200 DOHA the signing of a QATAR on Sunday recorded Prime Minister and Minister of In- Memorandum of 164 COVID-19 cases — 135 terior HE Sheikh Khalid bin Khalifa Understanding from community and 29 bin Abdulaziz Al Thani on Sunday between the from travellers returning from met Axel Weber, Chairman of the Investment Promotion Agency in abroad, the Ministry of Public Board of Directors of the UBS Group Qatar and the UBS Swiss Banking Health (MoPH) said in its AG, a Swiss investment bank, and Group. In this memorandum, we daily report. Also, 201 peo- the accompanying delegation on the stressed the priority given to ple recovered from the virus occasion of their visit to the country. developing our national in the last 24 hours, bringing During the meeting, they re- competencies financially and the total number of recover- viewed the relations between Qatar investing, strengthening our ies to 129,784. The MoPH and the banking group in the finan- infrastructure in the advanced said all the new cases have His Highness the Amir of State of Qatar Sheikh Tamim bin Hamad Al Thani met Chairman of the High Council of State cial and investment fields, in addi- been introduced to isolation of Libya Khaled Ammar Al Mishri and the accompanying delegation on the occasion of their visit to the country at the tion to a number of issues of mutual financial services sector, and and are receiving necessary Amiri Diwan on Sunday. During the meeting, they reviewed bilateral relations and the ways to enhance and develop interest. developing our global investment healthcare according to their them, in addition to the latest developments in Libya. The meeting was attended by Speaker of the Shura Council HE The Prime Minister then wit- partnerships. health status. “Measures Ahmed bin Abdullah bin Zaid Al Mahmoud. (QNA) nessed the signing of a memoran- to tackle COVID-19 in Qatar dum of understanding between have succeeded in flattening the Investment Promotion Agency and enhancing cooperation between the curve and limiting the of Qatar (IPAQ) and UBS banking the two parties on future opportuni- spread of the virus and the group, which aims to prepare an ini- ties that could cement Qatar’s posi- number of new daily cases tial blueprint for establishing a UBS tion as a leading global centre for and hospital admissions is wealth management centre in Doha financial services. continuing to decline each week,” the MoPH said. (TNN) QCB issues new diktats 2 more arrested on bounced cheques for violating home-quarantine QCB guv inaugurates central system to inquire about bounced cheques QNA ● Under the new instructions, conditions DOHA the Qatar Credit Bureau issues THE competent authorities on THE Qatar Central Bank (QCB) on reports in which the names Sunday arrested two people for Sunday issued new instructions of each of the individuals and violating the requirements of and controls to limit the incidents companies who issued at home quarantine imposed as of bounced cheques, allowing least one cheque are listed part of efforts to contain the banks to inquire about their cus- and are bounced due to nil or spread of coronavirus (COV- tomers and view the history of their insufficient balance ID-19). The arrests were made transactions, in terms of fulfill- in implementation of the pre- ing financial obligations, to enable ● Banks are obligated not to issue cautionary measures in force banks to take appropriate decisions or deliver new chequebooks to Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al in the country, approved by before issuing chequebooks. those whose names are listed Thani witnesses the signing of an MoU between the Investment Promotion Agency of health authorities represented QCB Governor HE Sheikh Ab- in those reports Qatar (IPAQ) and UBS banking group, in Doha on Sunday. PAGE 9 in the Ministry of Public Health dulla bin Saoud Al Thani inau- (MoPH), to ensure public safety gurated a new central system, to and to curb the spread of the inquire about bounced cheques banks operating in the country. disbursement, such as the differ- coronavirus. through the Qatar Credit Bureau, The banks are obligated not to ence in the signature, in the re- QU makes progress in THE The two persons being which includes all bank data of the issue or deliver new chequebooks port of the bounced cheques at the referred to the competent pros- customers who issued bounced to those whose names are listed in Qatar Credit Bureau, within a date World University Rankings ecution are Nalir Sina Libi and cheques due to nil or insufficient those reports except after settling no later than the second working QATAR University (QU) has improved in all subject Helmi Mazen Helmi Sharab. balance across the country. the amount of the bounced cheques day, to feed the database of the areas according to Times Higher Education (THE) The authorities concerned Under the new instructions, the and removing the name from the list centre with updated information World University Rankings by subjects 2021. The have called on citizens and Qatar Credit Bureau issues reports of bounced cheques at the centre. on individuals and companies at ranking assesses universities by their performance residents who are subject to in which the names of each of the The new instructions also the state level. The process makes in 11 subjects, and QU was ranked in Business quarantine to fully adhere to the individuals and companies who is- oblige banks to list their custom- it easy to make appropriate deci- and Economics, Computer Science, Education, requirements set by the MoPH sued at least one cheque and the ers, who issued bounced cheques sions on requests for chequebook Engineering, Physical Sciences, Social Sciences to ensure their safety and the cheques that bounced due to nil or due to nil or insufficient balance, issuance that clients submit to dif- and Clinical Pre-Clinical and Health. PAGE 2 safety of others. (QNA) insufficient balance in any of the or any other reason that prevents ferent banks. Qatar to disburse financial aid to US polls: Trump blitzes swing states AFP Florida. We’re leading in Geor- WATERFORD gia... They say it’s a very close needy Gazans on Wednesday race in Texas. I don’t think so. DONALD Trump vowed to They did that four years ago QNA and in co-operation with the again defy the polls as he and I won in a landslide.” GAZA relevant government agencies, sprinted through five swing He warned, in a state long led by the Ministry of Social states on Sunday in a blitz of dependent on manufacturing, CHAIRMAN of the Qatari Com- Development and the Ministry campaigning against Joe Biden that Biden had “spent 47 years mittee for the Reconstruction of Communications and Infor- with just two days left before a outsourcing your jobs, open- of Gaza Ambassador Moham- mation Technology. US presidential election that ing your borders and sacrific- ed Al Emadi has affirmed that He stressed that the distri- has already mobilised a record ing American blood and treas- the committee, in co-operation Strip will benefit from the cash bution process is taking place number of early voters. ure in endless foreign wars.” and co-ordination with the Qa- assistance at $100 per family. in a way that ensures achiev- The last-minute scramble Biden and his wife Jill be- tar Fund for Development, will He said the distribution ing the highest standards of came as polls showed Biden gan the day attending Mass start the process of disbursing process will be carried out safety for the beneficiaries and maintaining his overall lead at their Catholic church near cash assistance to families through the Postal Bank and workers in the distribution cen- but with some slight tighten- President Donald Trump addresses supporters at a campaign rally in their home in Wilmington, in need in the Gaza Strip on its branches and new points in tres, and adherence to preven- ing in key states including Michigan on Sunday. (AFP) Delaware. A small group of Wednesday. the governorates of the Strip, tion, sanitisation and social Pennsylvania, where he leads protesters shouted at him as Al Emadi explained that under the full supervision of distancing measures in light of by four points, and Florida, polls. cous rally of supporters in he arrived and left. 100,000 families in the Gaza the Qatari Committee staff the COVID-19 outbreak. now a tossup, according to a “We’re now leading,” Washington Township, Michi- RealClearPolitics average of Trump insisted before a rau- gan. “Look, we’re leading in See also page 8 02 Monday, November 2, 2020 Contact US: Qatar Tribune I EDITORIAL I Phone: 40002222 I ADMINISTRATION & MARKETING I Phone: 40002155, 40002122, Fax: 40002235 P.O. Box: 23493, Doha. Quick read AMIR RECEIVES MESSAGE FROM KAZakHSTAN PRESIDENT Amir congratulates Algerian president The Amir His Highness Sheikh Tamim bin Hamad THE Amir His Highness Sheikh Tamim bin Hamad Al Thani on Al Thani received a written Sunday sent a cable of congratulations to President of Algeria message from President of Abdelmadjid Tebboune on his country’s National Day.
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