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Qatar Push to Attract Foreign Investors BUSINESS | Page 1 SPORT | Page 12 Ali seals England’s crushing INDEX DOW JONES QE NYMEX QATAR 2 - 4, 24 COMMENT 22, 23 REGION 4 BUSINESS 1-6, 12 Qatar Airways tops global win over 18,454.00 10,789.43 41.80 ARAB WORLD 6 CLASSIFIED 7-11 +181.00 +108.35 -0.13 INTERNATIONAL 7-21 SPORTS SECTION 1-12 +0.99% +1.01% -0.31% performance ranking Pakistan Latest Figures published in QATAR since 1978 MONDAY Vol. XXXVII No. 10174 August 8, 2016 Dhul-Qa’da 5, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals Great start for Qatar handball team Qatar push In brief to attract SYRIA | Violation QRCS condemns attack on clinic Qatar Red Crescent Society (QRCS) has condemned the attack on its Al foreign Sakhoor Primary Health Care Centre in Aleppo, which caused severe damage to the structure and its ambulance. While no casualties had been reported, QRCS reiterated that such hostility against civilians, relief workers and medics undermine humanitarian investors eff orts in Syria and violate all relevant international treaties and conventions. Despite lower oil prices, Qatar’s Regarding the fi rst pillar, Qatar has Pages 2, 6 real economic growth remains established an “attractive” legal frame- strong due to the expansion of the work that allows foreign investors full BELGIUM | Violence non-hydrocarbons sector ownership of businesses in certain Islamic State claims sectors and a competitive tax envi- By Pratap John ronment, which consists of a fl at 10% machete attack Chief Business Reporter corporate tax rate on locally sourced Islamic State yesterday claimed profi ts, no withholding tax, no per- responsibility for an attack by a sonal income tax, no wealth tax and no machete-wielding man in Belgium that atar hopes to increase the role of value-added tax. left two female police off icers seriously foreign direct investment (FDI) as This legal and tax climate has po- injured, the group’s Amaq news Q“one of the main drivers of eco- sitioned Qatar as the most competi- agency said on Twitter. Shortly before nomic development” over the medium- tive economy in the Middle East and the claim, Belgian prosecutors had and long-term, said HE the Minister of in 14th place worldwide, according to identified the assailant as a 33-year-old Qatar’s left wing Kamal Aldin Mallash celebrating a goal during the men’s preliminaries Group A handball match Croatia vs Economy and Commerce Sheikh Ahmed the World Economic Forum’s “Global Algerian, KB, who had lived in Belgium Qatar for the Rio 2016 Olympics Games at the Future Arena in Rio de Janeiro yesterday. Qatar defeated Croatia 30-23. Qatar bin Jassim bin Mohamed al-Thani. Competitiveness 2015-16” report. since 2012, saying that he may have was in complete control of the game from start to finish, despite the Croatian goalkeeper’s big display. Markovic was the top To this end, Qatar is focusing on Qatar is also ranked as the 20th most been inspired by terrorism. Page 15 scorer for Qatar with 10 goals, followed by Rafael with six. Qatar is part of Group A along with Tunisia, France, Denmark, Croatia “continued improvement” to its soft important fi nancial centre in the world, and Argentina. They are coached by world-class manager Valero Rivera from Spain. Meanwhile, Qatari table tennis player Li and hard infrastructure, Sheikh Ahmed as per the recently published Global Fi- AMERICA | Elections Ping has reached the second round of the Olympic event, beating Hungary’s Adam Pattantyus 4-0. The table tennis event said in an interview with the Oxford nancial Centres Index. will keep going until August 16. The Qatari player will face Germany’s Dimitrij Ovtcharov in the next round. The latter is the Business Group. In addition, Qatar believes that the Clinton widens champions of Europe and the bronze medallist of the London Olympics 2012. Commenting on yesterday’s match, Ping said he The promising projects that will take development of special economic lead over Trump found it diff icult against Pattantyus in the first two games, but once he established the lead, the game became easier. place in the special economic zones, zones and a PPP framework, among Democrat Hillary Clinton has widened Pages 1-8 of Sport and those under the new private-public other potential initiatives the MEC is her lead over White House rival partnership (PPP) framework, are likely currently working on, will enlarge the Donald Trump to eight points after to provide attractive opportunities for scope of foreign investors’ involvement both parties’ nominating conventions, foreign investors, Sheikh Ahmed said. in Qatar’s economy. according to a Washington Post-ABC “Moreover, the government’s com- “Of equal importance is our com- News poll out yesterday. Clinton led mitment to continuing with its invest- mitment to strengthening the business Trump 50 to 42% among registered ment plans suggests that growth pros- environment and to simplifying proce- voters, according to the telephone pects for the Qatari economy may not dures for activities such as setting up a survey carried out between August 1 be seriously aff ected by falling energy business,” Sheikh Ahmed said in “The Rayyan leads in new prices,” said Sheikh Ahmed, also the Report Qatar 2016” published by the and 4. Page 10 vice-chairperson of the Qatar Invest- Oxford Business Group. ASEAN | Referendum ment Authority. To this end, a new commercial com- With the highest savings rate in the pany law has been in place since June Thais vote for world (over 50% of GDP), Qatar, he 2015. This is an early example of the new charter building permits said, had built up “signifi cant” fi scal procedural and legislative measures Thailand voted yesterday to approve and external buff ers to withstand lower that the MEC will be considering in the a new constitution, preliminary results oil prices and continue its diversifi ca- coming years. showed, in a boost to the army’s he Rayyan Municipality that data indicates that the new building lowed by “industrial” buildings such as tion process. “We already have an accommodat- political aspirations. The military says includes Sheehaniya registered permits (residential and non-residen- workshops and factories – nine permits Despite lower oil prices, Qatar’s real ing approach to updating business its new constitution will curb endemic Tthe highest number of build- tial) constituted 62% (230 permits) of (33%), mosques – four (15%) and gov- economic growth remains strong due legislatives and operations, taking into political corruption, bring stability after ing permits issued in July with 103, the the total building permits issued dur- ernment buildings – three (11%). to the expansion of the non-hydrocar- consideration the changing business years of unrest and pave the way for a Ministry of Development Planning and ing July. However, the MDPS fi gures indicate bons sector. All this will motivate for- environment across pioneer countries general election next year. Page 12 Statistics (MDPS) fi gures show. MDPS said “additions permits” that the number of building permits eign investors, and may counter some around the world,” the minister noted. This represents 28% of the total per- constituted 35% (129) and fencing per- issued last month was 31% lower than of the repercussions of falling com- However, he said, updating the op- PHILIPPINES | Crackdown mits issued in Qatar last month, the mits 3% (10) those issued in June. modity prices and geopolitical con- erational framework for setting up busi- ministry said. An analysis of the new residential This is a seasonal trend and also due cerns, Sheikh Ahmed said. nesses is an ongoing process that is built President names The Doha Municipality came second buildings permits showed that villas’ to Eid al-Fitr holidays, which lasted 11 He said Qatar has taken consider- upon Qatar’s frequent assessment of the offi cials over drugs with 84 permits (23%) followed by Al permits topped the list and accounted days when all activities related to is- able legislative measures designed to domestic business environment and a Philippine President Rodrigo Duterte, Wakrah with 66 permits (18%) and Al for 62% (126 permits) of all new resi- suance of building permits came to a strengthen the foreign investment clear diagnosis of the challenges faced who is waging a bloody war on drug Da’ayen 48 (13%). dential buildings permits. Some 10 halt. framework. These measures fall under by foreign and domestic investors. suspects, yesterday publicly named The building permits issued by other permits for apartment buildings were MDPS said the decrease was noted two main pillars: the fi rst focuses on “These eff orts are executed within over 160 judges, mayors, legislators, municipalities in July were: Al Khor also issued last month. in all municipalities as follows - Doha widening the gate for foreign investors, a harmonised framework, which in- police and military men allegedly 38 (10%), Umm Salal 25 (7%) and Al On the other hand, 11 permits for 35%, Rayyan 40%, Wakrah 23%, Umm while the second aims to simplify pro- cludes all relevant governmental and involved in narcotics and warned them Shamal fi ve (1%). commercial buildings were issued in Salal 42%, Al Da’ayen 19%, Al Khor 3% cedures and make it easier to establish regulatory bodies in the country,” to surrender. Page 20 In terms of type of permits issued, July and comprised 41% of the total, fol- and Al Shamal 38%. a business. Sheikh Ahmed said. Page 2 Erdogan stages mass rally in show of strength after coup attempt Reuters Turkey’s downfall woke up the next Istanbul morning to the grief that things would be more diffi cult from now on,” Er- dogan said of the July 15 abortive coup, resident Tayyip Erdogan told a drawing parallels to times past when rally of more than one million Turkey was occupied by foreign forces.
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