BUSINESS MONDAY 26 AUGUST 2019 13 PAGE | 14 PAGE | 15 -Singapore Central bankers trade face political grows 10% shocks, and hope to to $7bn avoid the worst

GCC bond issuance surges to record $40bn in Q2

SATISH KANADY a large volume of maturing debt has A large volume of maturing relatively unswayed by recent geopolitical With $300bn in assets under man- THE PENINSULA likely helped ramp-up new issuance. debt has likely helped tensions in the Gulf, though a further esca- agement and an assigned GCC weight of Some $43bn in maturing debt is ramp-up new issuance. lation or alternatively falls in oil prices and 11.3 percent in the EMBI index, the region The GCC bond issuance hit a record scheduled for 2019, of which $28bn had revenues that jeopardize the fiscal situ- is estimated to receive approximately $40bn in 2Q19 dominated by sovereigns matured as of early this month, NBK Some $43bn in maturing ation pose a downside risk to GCC fixed $30bn in fund inflows, with more than and quasi-sovereigns. The second Research said in its ‘GCC Debt Market’ debt is scheduled for income markets. half going to the larger debt markets of quarter issuance broke the previous high report. 2019, of which $28bn had “GCC yields on the whole saw Qatar and Saudi Arabia. of $32bn recorded in the first quarter of With global and regional borrowing matured as of early this steeper declines than their global coun- Looking forward, GCC yields will 2019 paving the way for a strong year costs already low and perhaps set to terparts, influenced by similar factors continue to be influenced by global yields, overall. The solid issuance in 2Q19 lifted decline further, issuance could remain month. but also higher starting points for yields, which as described above have moved total GCC outstanding debt to $501bn strong for the remainder of the year. Brent oil prices reaching above $75/bbl lower on growth concerns. However, from $478bn in Q1, offsetting a large Moreover, foreign investor appetite for economic data, low inflation, and interest mid-quarter (though they have since declines in GCC yields could be limited volume of maturing debt. regional paper remains solid, and GCC rate cut prospects saw benchmark global fallen) and bond index inclusion”, NBK if weaker world growth causes oil prices The issuance was dominated by sov- borrowing needs are supported by yields fall in 2Q19. GCC bond yields analysts noted. to fall, implying larger fiscal deficits and ereigns and quasi-sovereigns, with expansionary budgets and the recent tracked their global counterparts lower Regional demand has also been sup- funding requirements. A further or sus- funding for strategic investments by sov- drop in oil prices if sustained, the ana- and indeed saw steeper declines partly ported by the imminent inclusion of mul- tained flare up in regional geopolitical ereign wealth funds and state-owned lysts said. on increased demand due to EMBI index tiple GCC sovereigns in the JP Morgan tensions involving Iran could also enterprises a strong driver. In addition, Ongoing trade tensions, weaker inclusions. Investors appeared to be Emerging markets Bond Index (EMBI). underpin GCC yields, the analysts said. Trump offers Woqod and Shell Brexit Britain a “very big” Lubricants sign deal THE PENINSULA trade deal DOHA This new agreement will power Woqod REUTERS/BIARRITZ, FRANCE Qatar Fuel Company (Woqod) lubricants with Shell and Shell Lubricants yesterday technology and have US President Donald Trump signed an agreement over the the advantage of promised a big trade deal for supply of finished premium post-Brexit Britain to Boris lubricants. Under the agreement, being blended from Johnson yesterday and praised Shell will provide Woqod engine the purest Qatari GTL the new prime minister as the lubricants over a five-year (Gas To Liquid) base right man to take Britain out of period. oil. the European Union. The agreement was signed Johnson, who faces a del- at the Woqod office by Saad icate task of assuaging Rashid Al Muhannadi, Managing Shell technology, across all European allies while not Director and CEO of Woqod; Woqod retail sites from Sep- angering Trump at a G7 summit Andrew Faulkner, Managing tember 2019. in France, said trade talks with Director and Chairman of Qatar Andrew Faulkner, Managing the United States would be Shell Companies; and Azmat Director and Chairman of Qatar tough but there were huge Jafri, GM Lubricants Middle East. Shell said the agreement is an opportunities for British busi- This new agreement will acknowledgement of the ben- nesses in the US market. World Bank Chairman at G7 Summit power Woqod lubricants with efits of Shell’s engine oil Speaking to reporters with Shell technology and have the expertise and cutting-edge tech- Johnson ahead of a trade- World Bank Chairman David Malpass (left) arrives in Biarritz, southwest France, yesterday on the advantage of being blended nology, noting that the deal also, focused bilateral meeting, Trump second day of the annual G7 Summit attended by the leaders of the world’s seven richest democracies from the purest Qatari GTL (Gas ‘reflects Woqod and Qatar said Britain’s membership of the - Britain, Canada, France, Germany, Italy, Japan and the United States. To Liquid) base oil. GTL tech- Shell’s shared commitment to EU had been a drag on efforts to nology converts natural gas into the delivery of premium forge closer trade ties. colorless base oils with virtually products and services in Qatar.’ “We’re going to do a very none of the impurities found in The supplied premium engine big trade deal - bigger than crude oil; delivering exceptional oils will be co-branded as we’ve ever had with the UK,” engine protection under extreme WOQOD OTO and will be Trump said. “At some point, Cityscape Qatar gears conditions. available in a variety of packs they won’t have the obstacle of Saad Rashid Al-Muhannadi and applications. - they won’t have the anchor commented: “This strategic Woqod has developed a new around their ankle, because up for 8th edition alliance between Woqod and OTO range of lubricants which that’s what they had. So, we’re Shell will ensure that Woqod is includes, OTO MOTIV the petrol going to have some very good THE PENINSULA providing the premium quality engine oils, OTO MAX the Diesel trade talks and big numbers.” DOHA Director, Cityscape Qatar. National Vision 2030, the event lubricants to Qatar market”. He engine oils and OTO PRO the With less than three months “Over a quarter of visitors, will feature a wide range of real added, “In 2009 Woqod signed ancillary products. The new OTO until an October 31 deadline, it Cityscape Qatar, the only real some 26 percent, said they estate projects from across the an agreement with Shell Marine Motiv Ultimate, Fully Synthetic is still totally unclear, how, estate exhibition and attended the show to find a real entire property spectrum.” The for the exclusive distribution of Motor Oil from Woqod, has been when or even whether Britain conference of its kind in the estate investment, while 24 October event will also feature marine lubricants in Qatar for formulated using the latest Shell will leave the EU. The uncer- country, is set for a successful percent were there to find a a high-powered opening day 15 years. This Co-branded auto- technology and Qatari GTL base tainty around Brexit, the United showing this October 22-24 home and 22 percent to source conference and the highly motive partnership is therefore oil, to create a world class Kingdom’s most significant with exhibitor and visitor a real estate service provider. popular Cityscape Talks series a further extension of that lubricant. political and economic post- feedback from last year’s event This gives the show a seal of on October 23 and 24. relationship”. OTO Motiv Ultimate offers war move, has left allies and promising a high international confidence as a sought-after “This three-in-one com- The agreement will ensure maximum efficiency and investors aghast and roiled turnout. business and networking bination of business opportu- the supply of high-quality lubri- improves the time between oil markets. Organized by Cityscape forum.” Cityscape Qatar 2019 nities and knowledge gath- cants, combining premium changes, which protects engines Opponents fear Brexit will and Elan Group, the 8th edition comes as Credit Agricole ranks ering enables investors, home- Qatari GTL components and and saves money. make Britain poorer and divide of Cityscape Qatar will take Qatar Investment Authority, buyers and industry the West as it grapples with place at Doha Exhibition & the Qatari sovereign wealth professionals to engage in a both Trump’s unconventional Convention Center. With top fund, as one of the world’s top dynamic environment that will presidency and growing assert- exhibitors including Qatari five real estate investors and offer salient insights into the iveness from Russia and China. Diar, Just Real Estate, Amar as figures from the country’s future of Qatari and Middle Supporters acknowledge city, QIMC, Edara, Florens Planning & Statistics Authority East real estate,” explained the divorce might bring short- Resort and Suites, and Oral (PSA) put the state’s domestic Schembri. term instability, but say in the Architecture & Engineering, as real estate sector on a Attendance at the probing longer term it will allow the well as leading real estate com- resurgent curve. Cityscape Qatar conference is to thrive if cut panies from , , “The PSA reported that in by invitation only with invites free from what they cast as a Turkey, the UK, Switzerland the first five months of this year available by registering online doomed attempt to forge and a Tunisian pavilion, the over 9.5 billion Qatari Riyals at www.cityscapeqatar.com. European unity. event will showcase projects worth of real estate deals were Delegates will hear from Trump and Johnson were to local, regional and interna- concluded, which points to a industry thought leaders on the in the French seaside resort of tional homebuyers and market on the move again,” most important themes for real Biarritz for a summit of G7 investors. said Schembri. “In this climate, estate investment in Qatar, industrialised nations that “We received exceptionally Cityscape Qatar will once again while a combination of high- exposed sharp difference over positive feedback from last offer unparalleled investment level presentations and an trade protectionism and an year’s event, which holds out opportunities for the local and expert panel discussion will array of other issues including great promise for October,” international real estate deliberate the latest sector Saad Rashid Al Muhannadi (right), Managing Director and CEO of climate change and digital taxes said Carlo Schembri, Exhibition markets. Aligned with Qatar’s trends. Woqod, and Andrew Faulkner, Managing Director and Chairman before it had even begun. of Qatar Shell, after the signing ceremony, yesterday. 14 BUSINESS MONDAY 26 AUGUST 2019

MARKETWATCH

QSE FTSE100 DOW CRUDE 9,817.67 7,094.98 25,628.90 $53.97 -100.93 PTS −33.20 PTS −623.34 PTS -1.38 1.02% 0.47% 2.37% Dow & Brent before going to press

Mena contract awards remain muted The Singapore delegation during the event. SATISH KANADY Index shed 0.18 per cent, or THE PENINSULA close to $7bn, over the past month, with the total value of The Mena recorded muted projects that are planned and Qatar-Singapore trade grows 10% to $7bn contract awards activity for the under way across the eight second month in a row in June, countries reaching $3.84tn. This THE PENINSULA distinct relations at all fields of economic aspects especially in delegation is interested in with $5.8bn of deals let value is also down by 0.6 per DOHA cooperation. SMEs. exploring business opportu- compared with $4.3bn in May. cent compared to the same Al Mansouri also noted that “We highly support seeing nities available in the Qatari The low level of contract awards period in 2018 ($3.87tn). Iran lost Qatar Chamber hosted yesterday the two countries’ trade volume more Singaporean companies market. over the past two months has led the most, with active projects a delegation from Singapore reached last year more than in the Qatari market and more President of Security Asso- to the lowest-performing deflating by 6.16 per cent from specialised in security systems, $7.02 bn, recording a 10 percent partnerships with Qatari com- ciation Raj Thomas said that the quarter for contract awards in $300.9bn to $282.4bn during the tech solutions and cyber security. up compared to $6.4bn in 2017. panies in all sectors especially visiting delegation included rep- the six years since 2014. An esti- month. This is due mainly to the QC Assistant Director There are many mutual invest- in security solutions” he said. resentatives of seven Singa- mated $19.5bn of deals was let cancellation of several oil, gas General for Government Rela- ments in various sectors in both On her part, head of the porean leading companies in in the second quarter, compared and petrochemical schemes, tions and Committee Affairs, Ali sides, he said, affirming that delegation Assistant CEO of security solutions, affirming that with $24.4bn of contract awards including the facility planned by Bu Sherbak Al Mansouri who Qatar Chamber is keenly inter- Enterprise Singapore Chew Singaporean businessmen are in the first quarter, leading the National Iranian South Oil headed the Qatari side in the ested in enhancing cooperation Mok Lee said that there is a eager to inform Qatari busi- market intelligence platform Company in Khuzestan. The meeting said that Qatar and Sin- ties between businessmen from scope of cooperation between nessmen on their expertise in MEED noted. Energy Ministry’s plan to build gapore enjoyed very strong and both friendly countries in all both sides. She stressed that the this field. The $19.5bn of contract a combined-cycle power plant awards in the second quarter of in the Sistan and Baluchestan 2019 is a percentage decline of Province has also been can- 20 per cent compared with the celled. Iran lost more than Huawei P30 Pro named ‘EISA $24.4bn of deals signed in the $50bn, a 15.2 per cent drop com- second quarter of 2018. This pared to the corresponding decline coincides with a clear period last year, indicating that downtick in Dubai’s con- the reimposition of US sanctions Best Smartphone 2019-2020’ struction market, which on the state has started to recorded a $4.5bn decrease in adversely affect its capital THE PENINSULA Group. EISA also recom- elegant double 3D curved glass activity in the second quarter spending. DOHA mended the Huawei P30 Pro body and 6.47” OLED Dewdrop this year. This marks the first With close to $62.5bn-worth as the perfect companion for display is both dust and water time the Dubai market has of gas projects under execution, Huawei’s P30 Pro was named dedicated photographers, resistant and powered by the recorded a loss exceeding $2bn according to regional projects US, Japan agree ‘EISA Best Smartphone 2019- believing it marked yet Kirin 980, the world’s first 7nm since 2011, when the emirate tracker MEED Projects, the 2020’ by the European Image another impressive advance mobile process chipset. The was struggling with the after Middle East and North Africa trade deal ‘in and Sound Association (EISA), a in mobile photography. The P30 Pro also sports a class effects of the global financial (Mena) region is one of the group comprising 55 of the Huawei P30 Pro has taken an leading 4200 mAh battery, crisis leading upstream natural gas principle’ world’s most respected incredible step in mobile pho- which lasts up to two days of The MEED’s Gulf Projects markets globally. consumer electronics maga- tography introducing the inno- regular phone use. AFP/BIARRITZ, FRANCE zines. vative Huawei SuperSpectrum EISA members include This is the second consec- Sensor, an optical SuperZoom expert media across the full Barwa Bank announces winners US President Donald Trump utive time that Huawei has Lens, a new Huawei Time of spectrum of consumer elec- and Japan’s Prime Minister won this category. EISA named Flight (ToF) Camera, and tronics from over 30 countries, of Summer Spend Campaign Shinzo Abe (pictured) Huawei P30 Pro’s low-light enhanced optical and AI image and each member contributes yesterday announced a deal in photographic capabilities as stabilization technology. to one or more of EISA’s six THE PENINSULA/DOHA principle on a major bilateral being “by far the best you can The unmatched Leica Expert Groups—namely pho- trade deal. currently get from a smart- Quad Camera System features tography, mobile devices, Barwa Bank has announced the names of the winners for its 2019 “It’s a very big transaction,” phone.” It also praised the a 40MP main camera, a 20MP Hi-Fi, home theatre audio, Summer Spend Campaign’s third monthly raffle draw, rewarding the Trump said after talks with Abe ultra-wide lens, portrait mode ultra-wide angle camera, an home theatre display & video, bank’s loyal customers for their credit card spend since the campaign on the sidelines of the G7 and the periscopic 5x tele- 8MP telephoto camera, the and in-car electronics. Every was launched in May 2019. summit in the French resort photo lens saying that it “sur- Huawei ToF Camera and a year, EISA members nominate The campaign offers Barwa Bank credit card holders the chance town of Biarritz. passes any of its competitors.” 32MP front camera. The new a list of products that they con- to enter monthly draws and win 20,000 loyalty points each. By the “Billions and billions of “We are honored to receive periscope telephoto lens sider the standout performers end of the campaign period one winner will take home the grand prize dollars,” he said. another award from EISA and allows more optical zooming in each of these Expert Groups. of 1,000,000 loyalty points. “It involves agriculture, it pleased with the recognition capabilities to be tucked in a Nominations are then pre- For the campaign’s third monthly draw, 25 loyal Barwa Bank cus- involves e-commerce. It of the P30 Pro. With every compact body without losing sented at EISA’s AGM, where tomers each won 20,000 loyalty points. involves many things. We’ve device, Huawei is committed image quality. Together with members conduct an in-depth The winners of the third draw were Ayham Hakki Alexander; agreed in principle.” to bringing new and improved the colour saturation pro- deliberation before voting for Maryam Khamis Al-Mannai; Nasser Abdulrhim Almarafi; Sami Abdul- Abe confirmed the two smartphone photography vided by the 40 MP main the winner of each category. muhsen Alhawaj; Ali Khaled Al Heidous; Aske Uffe Polyakov Bluhme; nations had “successfully experience to consumers, camera, and stability of OIS The award will be formally Jassim Ali Shaheen; Salem Saeed Almarri; Francisco Manuel Andrade reached consensus” after pushing the limit of smart- and AIS, the SuperZoom Lens presented to Huawei during Caballero; Sarp Yalgin; Faris Manjery Bhavan; Willie Galano Buenavista; “intense” negotiations. phone camera capabilities offers 5x optical, 10x hybrid IFA at the EISA Awards Cer- Sonny Sioson Velasquez; Khalid Omair Alnaimi; Ibrahim A.Aziz Al- Both leaders said they with the latest technologies,” and 50x digital zoom with emony on September 6th in Mannai; Ali Mohammed Al-Naama; Basheer Faraj Al-Khulaifi; Mark hoped for a formal signing said Li Changzhu, Vice Pres- great resolution and rich Berlin, to coincide with the Alan Joseph Diamond; Mohammed Abdulla Al-Kuwari; Paul Jonathan during the UN General Assembly ident of the Handset Business, detail. opening of the IFA consumer Stent; Farhan Aydeh Alqahtani; Yousuf Hashim Alansari; Salman Nabit in New York next month. Huawei Consumer Business The Huawei P30 Pro’s electronics show. Alkhulaifi; Khalifa Jaber Almansouri; and Hamad Ali Al-Marri. New Maserati Quattroporte most stunning sports sedan in market

THE PENINSULA Quattroporte gained a handful of DOHA exterior and interior refinements. All making it look more luxurious, athletic, The All-new 2019 Maserati Quattroporte and appealing than ever. Undoubtedly, brings cutting-edge technologies, Italian it is the world’s only super-sedan! More beauty, to the luxury sports sedan arena. stylish visual changes visually, the latest It is the most stunning sports sedan in Quattroporte blends sensational Italian the market which is available in four beauty with sporty and aggressive trim levels. touches. The 2019 Quattroporte is Only two decades ago, luxury sports available in four trim levels: the standard The new 2019 Maserati Quattroporte. car makers began to realize the impor- “Quattroporte,” the more luxurious tance of “four-door sports cars.” all-new Quattroporte is a trailblazer. It’s “GranLusso,” the sportier “GranSport,” detailing on the front “Trident” badge. 8.4-inch infotainment touchscreen However, Maserati started producing one of the most stunning sports sedans and finally the top-of-the-line Aside from the full-LED adaptive display compatible with both Apple luxury sports sedans in the mid-sixties— available in the market. “GranSport GTS.” headlights, the front grille in all trim CarPlay and Android Auto. decades before their rivals launched The current sixth generation Quat- In all variants, customers can expect levels features an electrically adjustable Aside from easy-to-spot high- similar models! Billed as the “world’s troporte arrived in 2013—a significant to find a new front bumper, a revised Air Shutter. It optimizes control of fluid quality materials, the redesigned center first luxury sports sedan,” Maserati improvement over the previous gener- grille, larger side vents, and stylish temperature and reduces drag by up to console now has a clean design. The new unveiled the first-generation Quattro- ations. Now grown-up, the current chrome strips. Designed for clients 10 percent. layout reduces the number of physical porte in 1963. It boasted a powerful V8 Quattroporte styling closely echoes that seeking a stylish appearance, the Gran- Dimensionally speaking, the full-size buttons to a minimum. There is also a motor racing engine, unique and of the GranTurismo’s. And the sporty Lusso trim level adds chrome-trimmed luxury sedan has an overall length of rotary control unit behind the gearshift attractive design, and other charismatic interior received updated materials and bumper inserts, body-colored lower 5262 mm and measures 1948 mm and for volume and infotainment functions. characteristics. The original and leg- innovative technologies. front bumper elements, a body-colored 1481 mm in width and height, respec- Better yet, the thick center stack and endary Quattroporte was the fastest Better yet, Maserati dropped the nat- rear spoiler, and 20-inch wheels. tively. The latest Quattroporte also has three-spoke leather multifunction sedan in the world at that time. urally-aspirated, 4.7-liter V-8 engine in Among the key exterior features of a generous wheelbase of 3171 mm. steering wheel both accentuate the Fast forward fifty-six years later. favor of a turbocharged, 3.8-liter unit. the sportier GranSport and GranSport Sporty interior with premium sophisticated interior. On the whole, the This unique luxury sports sedan still The luxury Italian brand also added a GTS trims are a restyled rear bumper touches Inside the cabin, the all-new build quality is second to none and the blends sensational Italian styling and 3.0-liter, V-6 engine to Quattroporte with black accents above the quad Quattroporte displays a handful of materials used in the Quattroporte’s hand-crafted finishes with thrilling han- line-up models. exhausts, Piano Black spoiler, 21-inch styling changes including an elegant cabin are one step above the dling and supreme performance. The For the model year 2019, the all-new wheels with red brake calipers, and blue dashboard. It’s dominated by a new competition. MONDAY 26 AUGUST 2019 BUSINESS 15 Central bankers face political shocks, and hope to avoid the worst REUTERS have been done lately, including Central banks have JACKSON HOLE, WYO trying to destroy the global trading asked politicians for system, is very unclear. I have no years to use fiscal policy Global central bank chiefs know idea how to deal with this.” It was their job is to keep the economy a rare calling out of Trump, though more constructively out of the ditch. his presence infused other remarks. and address structural What became clear at the US Fed Chair Jerome Powell, hand- problems plaguing Federal Reserve’s central banking picked by Trump to run the central economies. conference in Jackson Hole, bank but now an object of the pres- Wyoming, over the past couple of ident’s ire, noted in his opening days is that not only do other speech that the Fed had no interest rates across the globe people hold the wheel, some seem chartbook for building a new global already lower than they’ve been intent on steering toward trouble. realpolitik. Even as central bankers trading system. historically, monetary policy may “We are experiencing a series and economists referred to the Central banks have asked pol- be no match. of major political shocks; we saw deep connections that now tie the iticians for years to use fiscal policy “There is not that much policy another example of that yesterday,” world’s economies together, a US- more constructively and address space and there are material risks Reserve Bank of Australia Governor driven trade war seemed to be structural problems plaguing at the moment that we all are trying Philip Lowe (pictured) said on Sat- driving them apart and raising the economies. to manage,” Bank of England Gov- urday, a day after China and the specter of a broad global downturn. What they’ve gotten instead is ernor Mark Carney said here on United States slapped more tariffs Worse, it’s a downturn none of a fast multiplying set of risks, with Friday. Small countries like Sweden on each other’s goods and US Pres- the central bankers seemed con- the US-China trade war at the epi- and Turkey, buffeted by volatile ident Donald Trump called on fident about how to fight - coming center but also including the pos- capital flows as central banks American companies to shut down not from a business- or financial- sibility of a disruptive British exit worldwide cut rates, are now strug- their operations in the Asian nation. cycle meltdown that they have a from the European Union, an eco- gling to deal with the possibility As those political shocks slow playbook to combat, but from nomic slowdown in Germany, a that the global trading order may growth, Lowe said in a panel dis- political choices that threaten to political collapse in Italy, rising be changing for good. cussion, “there is a strongly-held crater business confidence. political tensions in Hong Kong, Meanwhile, large nations worry view that the central bank should If that’s the problem, Lowe and and longstanding international they will slip into a rut that may be just fix the problem... The reality is others said, lower interest rates - institutions and agreements under hard to escape. For the US central much more complicated,” and not something demanded by Trump to pressure. European Council Pres- bank, if trade uncertainty drives something monetary policy can get an upper hand in the trade war ident Donald Tusk described this down business investment and likely repair. with China - will do little to help. weekend’s G7 leaders summit in starts to hurt consumer spending, His comments spoke to an “The problem is in the pres- the French seaside resort of Biarritz it may find itself cutting rates back uncomfortable truth that hovered ident of the United States,” former as a “last moment” for its members to zero with the economy still mud- over an annual symposium where Fed Vice Chair Stanley Fischer said - the United States, Britain, dling along, forcing Powell and his the mountain backdrop and two at a lunch event on Friday. “How Germany, Japan, France, Italy and fellow policymakers to weigh days of technical debate often seem the system is going to get around Canada - to restore unity. whether to restart crisis-era tools distant from the world of some of the sorts of things that Amidst all the tumult, and with even outside a crisis or recession. China to fight back against US tariff move REUTERS/BEIJING said in a commentary. the United States of consequences if it does not US politicians, seeking to hamper China’s end its “wrong actions”. China will fight back against the latest US step economic development, still want to use the US President Donald Trump announced on to increase tariffs on Chinese goods, the ruling tactics of exerting maximum pressure on China Friday that Washington will impose an addi- Communist Party’s People’s Daily said on that has achieved few results, the paper said. tional 5 percent duty on the Chinese goods, Sunday amid an escalating trade war between The United States will not win the trade war hours after Beijing announced its latest retali- the world’s two largest economies. because of the plight faced by its farmers and atory tariffs on about $75bn worth of US goods “China is confident that it will follow its businesses, it said. in the latest tit-for-tat moves in their bilateral own path and do its own things well, and will China said on Saturday it strongly opposes trade dispute. never waver in its stand on countering any Washington’s decision to levy additional tariffs The intensifying US-China trade war stoked provocations by the US side,” the newspaper on $550bn worth of Chinese goods and warned worries about a global economic recession.

CROSSWORD MALL ROYAL PLAZA Fantastica (2D/Animation) 2:00pm Porinju Mariam Jose (2D/) 2:00 & Porinju Mariam Jose (2D/Malayalam) 2:00, 6:30 & 11:30pm; 11:30pm; Kennedy Club (2D/Tamil) 2:30 & 11:30pm; Sheep And Wolves 2 (2D/Animation) 4:45pm; Sheep And Wolves 2 (2D/Animation) 3:30pm Mission Mangal (2D/Hindi) 2:15 & 9:00pm; Ranarangam (2D/Telugu) 5:00pm; 47 Meters Down: Sesh’s Evaru (2D/Telugu) 2:30 & 11:15pm Uncaged (2D/Adventure) 7:30pm; Mission Mangal Angel Has Fallen (2D/Action) 9:15pm; (2D/Hindi) 4:45pm; Angel Has Fallen (2D/Action) Thanneer Mathan Dinangal (2D/Malayalam) 4:30pm; 7:00, 9:15 & 11:30pm; The Lion King (2D/Drama) Khayal Ma’ata (2D/Arabic) 7:00 & 9:15pm 5:00pm; Khayal Ma’ata (2D/Arabic) 7:00, 9:15 & The Lion King (2D/Drama) 5:00pm; 11:30pm; Naukar Vahuti Da (2D/Punjabi) 9:15pm 47 Meters Down: Uncaged (2D/Adventure) 9:30pm Fast & Furious: Hobbs & Shaw 11:30pm LANDMARK ROXY Sesh’s Evaru (2D/Telugu) 2:00pm; Porinju Mariam Jose (2D/Malayalam) 2:30, 8:30 & 47 Meters Down: Uncaged (2D/Adventure) 10:30am, 1:10, 2:50, 4:40, 11:15pm; 6:30, 8:20, 10:10 & 11:50pm Girgit (2D/Tulu) 3:00, 8:15 & 11:00pm; Dora And The Lost City Of Gold (2D/Adventure) 10:30am, 2:30, Dora And The Lost City Of Gold (2D/Adventure) 4:30 4:40, 8:30 & 12:30pm; & 6:30pm; Angel Has Fallen (2D/Action) 4:40, 8:00, 10:00 & 11:30pm; Sesh’s Kennedy Club (2D/Tamil) 6:00pm; Sheep And Wolves Evaru (2D/Telugu) 10:30am, 1:20, 4:10, 7:00, 9:50, 9:10, 3:30, 2 (2D/Animation) 5:15pm; 6:20pm; Angel Has Fallen (2D/Action) 7:00pm; Knnedy Club (2D/Tamil) 7:15, 9:00 & 10:40pm; Khayal Ma’ata (2D/ Khayal Ma’ata (2D/Arabic) 9:15 & 11:30pm Arabic) 12;30, 11:10, 11:00, 3:30, 11:10pm & Ranarangam (2D/ Telugu) 11:00am, 1:40, 4:30, 12:30, 3:20 & 6:10pm; Ready Or Not AL KHOR (2D/Horror) 6:00 & 7:10pm Sheep And Wolves 2 (2D/Animation) 4:40, 6:30 & 6:50pm Porinju Mariyam Jose (2D/Malayalam) 12:30, 3:30 & The Angry Birds Movie 2 2:30 & 12:30pm 9:00pm; Khayal Ma’ata (2D/Arabic) 11:00am, 4:15, 6:45, 9:15 & 11:45pm; 47 Meters Down: Uncaged (2D/ Adventure) 11:30am, 1:30, 6:00, 8:00, 10:00pm & ASIAN TOWN 12:00 midnight; Knnedy Club (2D/Tamil) 1:30, Angel Has Fallen (2D/Action) 3:30, 6:30 & 12:00pm Porinju Mariyam Jose (2D/Malayalam) 11:45am, 2:30, 5:15, 8:00, 10:45pm & 1:30am; Knnedy Club (2D/Tamil) 6:30pm Thanneer Mathan Dinangal (2D/Malayalam) 2:45, 8:15, 11:00pm & FLIK Mirqab Mall 1:45am; Comali (2D/Tamil) 12:00pm; 47 Meters Down: Uncaged (2D/Adventure) 10:30am, Mission Mangal (2D/Hindi) 5:30pm; Ambili (2D/Malayalam) 8:30, 1:10, 2:50, 4:40, 6:30, 8:20, 10:10 & 11:50pm 11:15pm & 2:00am; Sesh’s Evaru (2D/Telugu) 3:00pm; Ranarangam Angel Has Fallen (2D/Action) 10;40am, 12:10, 1:00, (2D/Telugu) 12:30pm; Girgit (2D/Tulu) 5:45pm 2:30, 3:20, 4:50, 5:40, 7:10, 8:00, 9:30 & 10:20pm Dora And The Lost City Of Gold (2D/Adventure) Note: Programme is subject to change without prior notice. 10;10am & 4:20pm; Fast & Furious: Hobbs & Shaw 10:40, 12:20, 1:50, 5:15 & 10:00pm Hello, Love, Goodbye (2D/Tagalog) 3:00 & 7:45pm; Once Upon A Time In Hollywood (2D/Comedy) 12:10, 3:10, 6:10 & 9:10pm; Ready Or Not (2D/Horror) 3:30, 5:25, 7:20, 9:15 & 11:10pm Sheep And Wolves 2 (2D/Animation) 2:00 & 3:30pm

ANGEL HAS FALLEN

Angel Has Fallen is a 2019 American action thriller film directed by Ric Roman Waugh, starring Gerard Butler and Morgan Freeman in the lead roles, with Jada Pinkett Smith, Lance Reddick, Tim Blake Nelson, Piper Perabo, Nick Nolte and Danny Huston. 16 CLASSIFIEDS MONDAY 26 AUGUST 2019 AL ASMAKH LISTINGS CALL CENTER: 4448 5111 / 4041 0757 We also offer our RICS regulated International valuation service VALUATIONS & RESEARCH [email protected]

Email: [email protected] Website: www.alasmakhrealestate.com

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