www.thepeninsulaqatar.com PAGE | 18 QE 10,355.53 -1.80 PTS PAGE | 20 DOW 18,240.49 -28.01 PTS QFBA announces India urges IMF ‘Future FTSE100 7,044.39 +44.43 PTS and World Bank CEO Program’ BRENT $49.55 -$0.63 quota reforms

MONDAY 10 OCTOBER 2016 • 9 MOHARRAM 1438 thepeninsulaqatar @peninsulaqatar @peninsula_qatar

QSE’s Exchange Traded Funds to hit market soon

By Sachin Kumar Product and Market Development, were less than that of QE Index. any point of time,” Mujtaba told The The Peninsula QSE. “ETFs do not promise to out- “We looked at 300 individual Peninsula speaking on the sidelines perform the market, rather they portfolios in and found that of the seminar. “ETFs are very well perform with the market. If index none of the portfolios were able to tested products in financial world as goes up five percent, ETF portfolio outperform QE Index. We also looked they are in the market since past 27 : The planned launch of two also goes up five percent. Similarly, at mutual funds which have the strat- years,” he added. Exchange Traded Funds (ETFs) by if index declines by five percent, egy of outperforming the index. ETFs help in diversifying the Qatar Stock Exchange (QSE) will ETF portfolio also goes down by the Ironically, they were also not able to investment portfolio of investors happen in November-December. similar percentage .The portfolio outperform the index,” said Mujtaba. as they offer exposure to a diversi- The launch will be a major step for of ETFs and shape of index is sup- ETFs can be bought and sold like fied portfolio of stocks with a single Qatar based investors as ETFs will posed to be identical or as close as shares throughout the trading day. execution. Investors have full trans- provide them more options to invest possible,” he added. He was speak- Individual investors may purchase parency of the underlying portfolio of their money. The first ETF will be ing in a an introductory seminar on or sell an ETF via their broker and intra-day priced assets, with holdings from Doha Bank and Amwal while ETFs organised yesterday at QSE. The may enter the same types of orders disclosed on a regular, frequent basis. the second will be from Al Rayan ETF. seminar was aimed at raising aware- that are placed for shares. “Both the ETFs, which will be An ETF is a fund that tracks an ness about ETFs, their characteristics, Both ETFs will be highly liquid listed on the exchange, will give index, a commodity or bonds and trading mechanism and benefits for as they will have market makers. dividends but one will reinvest the offers returns which are similar to the investors. This will increase the liquidity of dividend while the another will dis- the entity they are tracking. The introduction of these funds units of ETFs because there will be tribute the dividend to investors,” he “Both ETFs will be listed on QSE comes after QSE conducted a study many buyers and many sellers. “Pres- added. The charges of ETFs will be Mohsin Mujtaba, Director, Product and Market Development at QSE in either November of December this on individual portfolios in Qatar. The ence of market makers will enable lower than mutual funds, said QSE speaking at a seminar on ETFs held at QSE headquarters yesterday. year,” said Mohsin Mujtaba, Director, study showed the investors returns investors to buy and sell ETF units at officials. Pic: Abdul Basit / The Peninsula Qatar Airways bags two prestigious awards Expo to offer investment options to in Qatar The Peninsula Qatar Airways has been a mem- ber of since 2013. Qatar Airways recently accepted three separate By Mohammad Shoeb DOHA: Qatar Airways was awarded accolades at the 2016 Skytrax World The Peninsula as the Best Business Class and Best Airline Awards held at the Farn- Middle Eastern Airline at the 2016 borough International Airshow in Business Traveller Awards which the United Kingdom. Air travellers was held in London recently. chose Qatar Airways as the World’s DOHA: Over 30 companies, including many Philippine -based leading real The airline’s renowned high- Best Business Class, Best Business estate developers and financial entities, are expected to participate in the quality service was once again Class Airline Lounge and the Best upcoming Philippine Property and Investment Show— Qatar (PPIS-Q2016), recognised as it received the two Airline Staff Service in the Middle which is slated to be held here on October 28 and 29. prestigious awards, presented by East. The consumer-voted awards Some of the prominent property leaders who have confirmed their British author and broadcaster recognised the airline for its com- attendance for the show are Ayala Land International, Megaworld Interna- Ben Fogle. mitment to offering passengers an tional, Filinvest International, Vista Land International, SMDC, Robinson’s Qatar Airways offers Business unrivalled travelling experience. Land, Aboitiz Land, Major Homes, and Century Properties. While CDC Class passengers unrivalled com- Group Chief Executive, said: “We are Premium passengers have The airline has launched Holdings, Eurotowers International, Double Dragon Properties, Ortigas & fort in the air and on the ground. proud to have once again been rec- access to a range of luxury lounges routes to Los Angeles (USA), Ras Company, San Jose Builders, Keyland Corporation, Landco Pacific, Fed- On board passengers can relax ognised as the Best Business Class such as the Qatar Airways Al Mour- Al Khaimah (UAE), Sydney (Aus- eral Homes & DMCI are expected to follow suit. in seats that recline into fully lie- and Best Middle Eastern Airline. jan Business Lounge in Doha, tralia), Boston (USA), Birmingham This was announced at a press conference yesterday by Joseph Timothy flat beds, enjoy the convenience of These awards continue to demon- Heathrow Premium Lounge and (UK), Adelaide (Australia), Yer- Rivera, Chairman of the Association of Filipino Real Estate Executives in all aisle access seating and an a la strate our commitment to provide DXB Premium Lounge in Dubai, evan (Armenia), Atlanta (USA), Qatar (AFREEQ), which is organising the event in cooperation with ALAQAT carte menu served on request by our passengers with industry all of which offer a selection of Marrakech (Morocco), Pisa (Italy), Events & Advertising company. our award winning crew, and up leading service, a modern fleet of fine dining options and world-class Windhoek (Namibia).Service to Hel- “The exhibition is expected to offer extensive and wide-range of invest- to 3,000 entertainment options on aircraft and innovative products facilities. sinki (Finland) starts 10 October, ment opportunities to the over 2,30,000 Filipino communities in Qatar individual television screens. to provide our passengers with the The Best Airline Alliance was with Krabi (Thailand) and Sey- as well as the potential Qatari investors in the Philippine’s booming real Akbar Al Baker, Qatar Airways very best journey.” also presented to Oneworld, which chelles will follow later in the year. estate market,” Joseph told The Peninsula on the sidelines of the meeting. Also present at the event were Consul Gonar Musor; Deputy Head of Mission of the Philippine Embassy in Qatar; ALAQAT Chairman, Abdullah Al Hadfa; Greg Laoyon, Chairman of the Philippine Business Council – Qatar (PBC-Q) and the representatives from the United Filipino Organisations in Qatar (UFOQ) and Kulinarya Qatar 2016 as well as the management heads Qatar seeks IMF support to deepen markets of participants and sponsors. The PPIS-Q2016 is expected to be attended by at least 4,000 visitors By Satish Kanady Bahrain, Egypt, Iraq, Jordan, Kuwait, financial systems as the essential essential. and will be held at Splash Water Park Pavilion 1 & 2 at the Katara Cultural The Peninsula Lebanon, Libya, Maldives, Oman, and foundations of a strong GFSN.” “The Fund should remain vigi- Village. Philippine Airlines being the event’s official airline partner will Yemen at the IMF Financial Commit- There is a strong case for further lant in its surveillance and continue have the honours of flying-in the Speakers from Manila. tee meeting in Washington on Friday. strengthening the Fund and its instru- to stress that countries use this time DOHA: Qatar, along with its group In the Middle East region, growth ments. The group is looking forward of favourable financial conditions to countries, has urged International has been constrained by the impact of to consideration of the adequate size build resilience against shocks and Monetary Fund (IMF) to work on prolonged low oil prices. Oil exporting of the Fund as part of the 15th Gen- prepare against possible capital flow sequencing of structural reforms and countries have introduced significant eral Review of Quotas to ensure the reversals once monetary conditions mechanisms to deepen financial mar- fiscal consolidation measures includ- Fund can play its role at the center normalise. Concurrently, there is a kets and enhance financial inclusion ing domestic fuel price increases, and of the GFSN. According to the group need for better understanding of the in their respective economies. reducing public sector wage growth countries, the size of the Fund’s quota factors behind the global productivity “The Fund should continue to and benefits. The group countries said resources has eroded relative to key slowdown, especially in the context of improve its analytical tools related to they would appreciate the engagement financial indicators. “We support fur- technological change, as well as the measuring fiscal space and prioritising of the IMF staff with the oil exporting ther work to broaden the use of the sluggish growth in trade. The Fund structural reforms in order to better countries on diversification policies. SDR and, in this regard, we congrat- should continue to improve its ana- tailor its advice. We look forward to Al Tayer said a well-resourced ulate the Chinese authorities for the lytical tools related to measuring the planned integration of the streams IMF is particularly important. “We inclusion of the renminbi in the SDR fiscal space and privatizing struc- of work in the Fund on capital flow look forward to further work on basket.”, Al Tayer said. tural reforms in order to better tailor management and macroprudential possible reform of the international Greater efforts are needed on sup- its advice. We look forward to the policies to support countries in build- monetary system and addressing ply-side and structural reforms in both planned integration of the streams ing resilience”, Obaid Humaid Al Tayer gaps in the global financial safety net advanced economies and emerging of work in the Fund on capital flow Joseph Timothy Rivera (centre), Chairman of the Association of Filipino Minister of State for Financial Affairs (GFSN). In this regard, we continue to market developing countries. Address- management and macroprudential Real Estate Executives in Qatar (AFREEQ), Abdullah Al Hadfa, (second for the said on see high-quality Fund surveillance, ing private sector debt overhangs policies to support countries in build- left) Chairman of ALAQAT and other officials at Splash Water Park behalf of the group countries including and well-regulated and supervised and balance sheet problems is also ing resilience.”, Al Tayer said. Pavilion yesterday. Pic: Kammutty VP / The Peninsula 18 MONDAY 10 OCTOBER 2016 BUSINESS QFBA announces ‘Future CEO Program’

internationally-acclaimed training best-in-class CEOs, future leaders, The Future CEO Program is a unique and certification program, QFBA and creators of a long-lasting impact opportunity that will allow future The Future CEO – with the support of the Qatar on the future direction of Qatar.” CEOs to deepen their knowledge and program features Financial Centre Authority (QFCA), In addition to offering an elite expertise in leadership and business is setting the pathway for fresh Qatari group of senior executives and top- management. It will also provide a a blended model graduates and existing senior execu- tier Qatari talents with a unique new generation of talented profes- of facilitated and tives to become the country’s future opportunity to develop the financial, sionals with practical experience experiential learning leaders across all business sectors, strategic and communication skills to enable them to meet the grow- while taking human capital develop- they need to successfully manage a ing requirements of Qatar’s and the in a supportive peer- ment in Qatar to a higher new level. company and drive its growth, the region’s private sector.” to-peer environment. The announcement was made highly sought-after program verifies The Future CEO program fea- during a press conference in the pres- their credentials through The CEO tures a blended model of facilitated ence of QFBA and QFC’s leadership, Institute, the first global certification and experiential learning in a sup- senior-level managers from prom- body for CEOs, acting as a complete portive peer-to-peer environment. inent companies, and members of platform for fast-track career pro- The program focuses on discussing The Peninsula the media. gression and carving their names and solving real-world challenges Addressing the media, Dr. among the world’s most top profiled and opportunities faced by expe- Fahad Ismail Zainal, CAO of QFCA (right) and Dr Abdulaziz Al Horr, CEO Abdulaziz Al Horr, CEO at QFBA, said: leaders.” rienced Executives as they work to “Today, QFBA is marking a major of QFBA during the press conference at QFBA Tower yesterday Fahad ismail Zeinal, the Chief develop their firms, their careers and Pic: Abdul Basit / The Peninsula DOHA: Qatar Finance and Business milestone in its efforts to achieve the Administrative Officer (CAO) of their own sense of ability and worth, Academy (QFBA), in partnership with Qatar National Vision 2030 with its QFCA, said:“We are extremely all under the guidance of an inde- The CEO Institute, has announced the emphasis on the development and into a knowledge-based economy. professionals to break new grounds pleased to join efforts with the Qatar pendent chairman-facilitator, who kickoff of the ‘Future CEO’ program empowerment of human capital, in To that end, our newly introduced in various business territories and Finance and Business Academy to has been hand-picked for their pro- in Qatar. By officially launching the the context of transforming Qatar ‘Future CEO’ program will empower prepare them to become tomorrow’s help develop Qatar’s human capital. fessorial and professional credentials GCC bond market to Halul Offshore wins HSE Excellence Award

maintain momentum The Peninsula Rig &Liftboat industry, and it is a tremendous honour to be rec- ognized vis-a-vis our peers. At The Peninsula Milaha, we take pride in our young DOHA: Halul Offshore Serv- fleet and, most importantly, in ices Co., the offshore marine our staff who are committed to services arm of Milaha (Qatar upholding the highest safety, DOHA: The GCC region’s bond mar- Navigation),won the ‘Excellence health, and environmental stand- ket, which saw record sales in the in Health, Safety & Environment ards daily.” first half of 2016, is expected to con- Award’ at the recentlyconclud- Vivek Seth, CEO of Halul Off- tinue experiencing an increase in ed2nd Offshore Achievement shore, said:“We are proud that our the volume of issuances; as per an Awards for the jack-up rig &lift health and safety track record has analyst note from Indosuez Wealth boat industry. The award cere- been recognized for the sixth time Management. The note observed mony was held during the annual in less than two years. This award that and Kuwait inau- Offshore Jack Up Middle East is a strong motivator for us to con- gural bonds issuance are expected (OJME) Conference at The Address tinue working towards setting to generate significant interest Hotel, Dubai Mall, UAE even higher standards with regard from a broad range of international The prestigious award to safety, health, and in protecting investors, similar to what was expe- recognised the outstanding per- our assets and the environment.” rienced with recently issued bonds formance of Halul Offshore in The 2nd Offshore Achievement from Qatar and Abu Dhabi. ensuring the health and safety Awards 2016 for the Jack Up Rig In the current environment of of its employees and partners in &Liftboat industry recognizes the lower interest rates, the hunt for addition to protecting its assets valuable contributions of the Jack higher yields and longer bond dura- of international investors, with and the environment. Up Rig and Liftboat trade, honour- tion is driving the demand for USD notable large-scale sovereign Abdulrahman Essa Al-Man- ing individuals and organisations Halul Offshore Services Co officials with the award. bonds higher. This situation is mak- debt issuance by Saudi Arabia and nai, President and CEO of Milaha, for successfully launching initia- ing bonds in ‘high growth markets’ Kuwait, along with corporate/ Halul Offshore’s parent com- tives, strategies, and programs to more than 200 renowned rig owners, Khamis Juma Buamim, Chairman a top performing asset class, with quasi-sovereign/GRE debt issu- pany, said: “The 2nd Offshore achieve measurable results. designers, equipment manufacturers, of the Dubai Council for Marine and a growth of 11.5 percent on a year- ance by Oman Oil, Saudi Electricity, Achievement Awards 2016 is a The conference and the award shipyards, and other professionals from Maritime Industry (DCMMI), chaired to-date basis. With the ‘Emerging Investment Corporation of Dubai leading platform for the Jack Up ceremony were attended by the industry. the Award Selection Committee. Markets Bonds Compendium’ at a and Ooredoo. 12-month high, this rally is being This is expected to be the case further lifted in recent times by despite the GCC’s corporate bond the positive sentiment from US eco- market tightening by only 4bps YTD, nomic data and the recovery of oil making it the lowest amongst its Russia and prices. peers in High Growth Markets.; with Dolphin Energy’s community Christiane Nasr, (pictured) Latin America, Emerging Europe Turkey resume Director & Senior Investment Advi- and the Asian bond markets tight- sor, Indosuez Wealth Management, ening by 163bps, 100bps and 51bps gas price talks commented:“Despite the strong respectively. investment exceeds $5m year-to-date performance, more The large supply of GCC sov- spread compression in ‘high growth ereign and quasi-sovereign bonds MOSCOW: Moscow and Ankara markets’ could be still achievable have provided investors with a The Peninsula Reporting Initiative (GRI) G4 Guide- – across schools in Qatar. have resumed talks on the price by the end of 2016 without ruling stable option during this high-risk lines, option core, emphasising on In 2015, Dolphin Energy of Russian gas for Ankara, Rus- out a degree of volatility along the period caused by liquidity short- topics that are material to the busi- recorded a 50 percent reduction in sian Energy Minister Alexander way. In this overall context, the GCC falls perpetuated by the prolonged ness and key stakeholders. the annual accident frequency rate Novak said in an interview with region will increasingly gain more period of low oil prices. For this rea- DOHA: The development of the As such Dolphin Energy suc- and recorded 42 million man hours Turkey’sHurriyet newspaper. momentum as an attractive and son, bond issuances in the region Emergency Pipeline Repair System cessfully completed the Materiality without reporting a single lost time A gas price dispute between more secure bond market for inter- were able to attract a large number (EPRS), the successful operation of Disclosure Service provided by the incident (LTI). Turkish pipeline operator Botas national institutional investors. of international investors at the end three new export gas compressors GRI, confirming that the material- Community investment contri- and Russia’s state gas producer Attraction towards GCC bonds of Q2 2016. and the drafting of a comprehensive ity disclosures are aligned with G4 butions reached just over the $5m Gazprom led to Botas launching will become even more compelling While Indosuez believes that greenhouse gas policy and strategy requirements, the company said here mark as the company continued its international arbitration proceed- due to general spread compression GCC bonds should remain resilient, framework were among the nota- yesterday. support for programs, event and ini- ings against Gazprom in October and market conditions elsewhere, it does not expect a significant out- ble achievements of Dolpin Energy According to the document, tiatives across culture, the arts, the 2015. The row had led to talks on with a large proportion of Eurozone performance of major corporates Limited in terms of its sustainable the Dolphin Energyregistered a 15 environment, education and sport. their joint Turkish Stream nat- bonds currently trading at negative or sovereign/quasi-sovereign bonds development agenda during the year percent increase in procurement In the area of nationalization, ural gas pipeline project to be rates, Asian bonds being stable but where new issuance’ premium will 2015. spending awarded to local suppliers Dolphin Energy registered 35 per- suspended earlier that year. with tight spreads and Latin Amer- likely re-price the relatively tight Dolphin Energy Limited and has made progress in its indus- cent across both the UAE and Qatar. In November 2015, most con- ica continuing to be highly volatile spreads among the outstanding released details of its seventh sus- trial water management project. The company’s Qatarisation tact between Russia and Turkey despite yielding high returns.” local bonds. tainability report, covering the There is a reduction in offshore commitments were recognised with were halted after the downing of a Technical aspects should Indosuez Wealth Management company’s operations and activi- flaring by 73 percent compared the Qatar Petroleum Crystal Award Russian fighter jet by Turkish mil- remain supportive with the upcom- observed that the importance of an ties for 2015 yesterday. to 2014. In addition, the company in the field of Training and Devel- itary, although since then Moscow ing GCC bond supply expected to active investment strategy is even The report was developed launched Be’ati Watani – the online opment., from Qatar’s Minister of and Ankara have made progress. be well absorbed by a broad range more crucial today, in a context ‘in accordance’ with the Global environmental education platform Energy and Industry . towards restoring relations. GE signs Digital Power Plant agreements with Lalpir Power in Pakistan

The Peninsula ceremony in Dubai by Hassan Man- across its many facilities,” said trillion in value creation between Pakistan,” said Sarim Sheikh, Pres- Power Ltd. are a part of the Nishat sha, Director and Chairman of the Hassan Mansha. “GE’s indus- now and 2025 for companies that ident & CEO of GE Pakistan and Group of companies, one of the Board of Directors of Lalpir Power trial expertise in the power sector, are going digital, and $90 billion is Central Asia. “Together with cus- region’s leading and most diverse Ltd. and Pakgen Power Ltd. and Joe advanced digital competencies, and expected to be invested in the energy tomers such as Lalpir and Pakgen, we business groups with commercial DOHA: GE signed agreements to Anis, President & CEO of GE’s Power proven track record in the country industry’s digitization by 2020. can build a better, more prosperous interests in the finance, insurance, provide advanced digital industrial Services business in the Middle East gave us the confidence to adopt their “Pakistan has been a global tomorrow for Pakistan, one which cement, textile, paper, power, dairy, software solutions to Lalpir Power and Africa. The software solutions solutions to improve the reliability leader in adopting GE’s advanced meets the aspirations of present and hospitality and aviation sectors Ltd. and Pakgen Power Ltd., opera- provided by this agreement will fur- of operations at our power plants.” digital industrial solutions,” said Joe future generations.” amongst others in Pakistan. The tors of Nishat Group’s thermal power ther the Government of Pakistan’s Powered by Predix, GE’s operat- Anis. “Through these new agree- Lalpir and Pakgen operate the Group has an asset base exceeding plants located in Mehmood Kot near goals under Vision 2025 to provide ing system for the Industrial Internet, ments with Lalpir and Pakgen, we largest steam turbines deployed $10bn and has played a vital role in Muzaffargarh, in Pakistan. uninterrupted and affordable elec- GE’s Digital Power Plant includes a are proud to further strengthen our in Pakistan. The agreements with the industrial development of Paki- Each facility has a capacity of 365 tricity, and increase electricity access suite of software solutions that can contribution to providing customers them also underscore GE’s enhanced stan in terms of contributions to the megawatts (MW), and the new con- from 67 percent to over 90 percent enable Lalpir and Pakgen to visual- in the country with the means to aug- capabilities and comprehensive national exchequer, job generation tracts signal the continuing adoption of the population. ize plant performance, analyze and ment asset life cycles and enhance experience of technologies devel- and textiles exports. of software within Pakistan’s power “As one of the leading conglom- monitor operations in real time and operational reliability.” oped by other original equipment GE has been a long term partner sector, including for plants equipped erates in Pakistan, Nishat Group is help identify maintenance issues “At GE, we are committed to manufacturers (oOEM) in the ther- in Pakistan’s progress for more than with non-GE steam turbines and always looking for the latest innova- before they occur, leading to greater supporting the government meet mal power sector, after its acquisition 50 years, creating over 400 employ- generators. tion and most advanced solutions to asset uptime and reduced unplanned its goals of providing reliable power of Alstom’s energy portfolio in 2015. ment opportunities in the country. The agreements were signed at a strengthen operational performance downtime. GE estimates there is $1.3 to improve the lives of the people of Lalpir Power Ltd. and Pakgen Today, BUSINESS MONDAY 10 OCTOBER 2016 19

Qatari Banks host its joint reception at the Annual IMF & World Bank Group meetings in Washington, DC

Washington - October 7, 2016 Bank, Commercialbank, Doha Bank, International to help promote the State of Qatar and its robust Bank of Qatar, Qatar International Islamic Bank, Qatar ! A group of Qatari Banks hosted a reception at the Islamic Bank, Masraf Al Rayan, and QNB. with industry leaders around the world. It provides an Four Seasons Hotel in Washington DC, in conjunction opportunity for multilateral economic discussions and with the International Monetary Fund (IMF) and the The reception welcomed prominent bankers and " World Bank Group Annual Meetings that were held key global policymakers, with attendees including Qatari, GCC and International banks and policymakers from the 7th to the 9th of October. chairpersons and members of the boards and that attend the function. management of GCC, Middle East and international The Qatari delegation at the reception was headed by The Boards of Governors of the World Bank Group and H.E. Ali Shareef Al-Emadi, Minister of Finance, and regulatory authorities from various countries of the IMF hold their Annual Meetings to discuss progress on H.E. Sheikh Abdullah Bin Saud Al-Thani, Governor of world. The reception also hosted guests representing the work of the IMF and the World Bank Group. Qatar Central Bank. missions to Washington. # conferences, and many other events focused on the Ministry of Finance, Qatar Central Bank, Qatar world economic outlook, poverty eradication, economic Financial Centre (QFC), Ahlibank, Alkhaliji, Barwa the IMF and the World Bank Group annual meetings development, and aid effectiveness.

Members of the Qatari delegation at the reception.

H.E. the Governors of the Kingdom of Saudi Arabia, the U.A.E., and the Sultanate of Oman. $%&%#'#!&*+$%&%/%0##' Minister of Finance.

H.E. the Governor of Central Bank of Qatar with a number of attendees. GCEO of QNB Group with the Chairman of Barclays bank. 20 MONDAY 10 OCTOBER 2016 BUSINESS

QE INDICES SUMMARY QATAR STOCK EXCHANGE QE Index 10,355.53 0.02 % QE Total Return Index 16,754.55 0.02 % QE Al Rayan Islamic Index 3,897.9 0.06 % QE All Share Index 2,860.29 0.02 % QE All Share Banks & Financial Services 2,861.11 0.16 % QE All Share Industrials 3,160.72 0.47 % QE All Share Transportation 2,470.13 0.27 % QE All Share Real Estate 2,424.84 0.39 % QE All Share Insurance 4,497.99 0.93 % QE All Share Telecoms 1,161.22 0.25 % QE All Share Consumer Goods & Services 6,223.71 0.06 %

QE MARKET SUMMARY COMPARISON 09-09-2016 Today 06-09-2016 Previous day Index 10,355.53 10,357.33 Change 1.80 14.87 % 0.02 0.14 YTD% 0.71 0.69 Volume 2,439,944 6,089,413 Value (QAR) 65,840,926.10 203,570,242.95 Trades 1,443 2,351 Up 12 | Down 23 | Unchanged 05

WORLD STOCK INDICES Index Day’s Close Pt Chg % Chg Year High Year Low All Ordinaries 5558.23 58.039 1.06 5691.8 4762.1 Cac 40 Index/D 4483.99 51.54 1.16 4607.69 3892.46 Dj Indu Average 18339.24 110.94 0.61 18668.4 15450.6 Hang Seng Inde/D 23739.47 119.82 0.51 24364 18278.8 Iseq Overall/D 6026.01 -13.38 -0.22 6791.68 5286.65 Karachi 100 In/D 40295.52 -59.5 -0.15 40542.64 29785 Nikkei 225 Index 16693.71 228.31 1.39 18951.12 14864.01 S&P 500 Index/D 0 0 0 2193.81 1810.1

EXCHANGE RATE Currency Buying Selling US$ QR 3.6305 QR 3.6500 UK QR 4.495 QR 4.5858 Euro QR 4.0429 QR 4.1369 CA$ QR 2.7135 QR 2.7794 India urges IMF Swiss Fr QR 3.6887 QR 3.7821 South Africa basks in first solar airport Yen QR 0.0350 QR 0.0363 and World Bank Aus$ QR 2.7303 QR 2.8038 Ind Re QR 0.0539 QR 0.0551 quota reforms Pak Re QR 0.0345 QR 0.0352 Peso QR 0.0741 QR 0.0765 Its 2,000 solar IANS SL Re QR 0.0246 QR 0.0252 panels produce up to Taka QR 0.0468 QR 0.0467 750kW per day, easily Nep Re QR 00339 QR 0.0346 surpassing the 400kW WASHINGTON/NEW DELHI: SA Rand QR 0.2623 QR 0.2679 needed to run the India has reiterated the strong case for realigning the country airport. quota shares of the International GOLD AND SILVER Monetary Fund (IMF) in line with changed global economic real- GOLD QR155.0992 per gramme ities, an official statement said SILVER QR2.2427 per gramme AFP yesterday. “Union Finance Minister Arun Jaitley (pictured) empha- sized that there is a strong case GEORGE: At first glance there’s nothing out for realigning quota shares with of the ordinary about the regional airport the changed global economic real- Saudi’s Almarai Q3 in George, a town of just 150,000 residents The arrival terminal at the George airport, South Africa. ities,” the Finance Ministry said in on South Africa’s south coast. a release in New Delhi on Jaitley’s In fact though, the small site is Africa’s the region’s many courses. Some 700,000 -- the equivalent of 103,934 litres of fuel. address at a closed door meeting profit rises by 10% first “green” airport to be powered by the passengers pass through its doors each The electricity bill has been cut by 40 of the International Monetary sun. The control tower, escalators, check- year. The solar plant, launched in Septem- percent in the space of a year, “which is and Finance Committee (IMFC) in desks, baggage carousels, restaurants ber 2015, is the second solar-run airport a plus for me on the budget,” said airport in Washington on Saturday. Reuters and ATMs -- every service here depends on in the world after Cochin airport in south- manager Brenda Voster. IMFC is a key body providing a small solar power station, located a few ern India. Voster says it will take another five to 10 strategic direction to the work and hundred metres away in a field of dande- Nestled between the Indian Ocean on years to pay off the initial 16-million rand policies of the IMF. DUBAI: Saudi Arabia’s Almarai, the Gulf’s largest dairy lions next to a runway. one side and the majestic Outeniqua Moun- ($1.2m) cost. Meanwhile, regular power cuts, “While expressing India’s company, reported a 10 percent rise in third-quarter Its 2,000 solar panels produce up to 750 tains on the other, George was a surprising which in recent years have plagued Africa’s extreme disappointment with net profit yesterday, broadly meeting analysts’ fore- kW every day, easily surpassing the 400 kW location for the first attempt at a solar-pow- most developed economy, are a thing of the delay in completion of 15th Gen- casts with the help of cost controls it said would remain needed to run the airport. ered airport in South Africa. past, she adds. eral Review of Quota (GRQ) by a priority. The excess is fed back into the munic- The town’s weather is unpredictable: Heavily dependent on coal, which is the Annual Meeting of 2017, the Saudi retailers will in coming quarters have to ipal power grid, and a computer screen in in the space of half an hour, the temper- source of 90 percent of the country’s elec- Finance Minister emphasized that weather the impact of austerity measures imposed the terminal informs passengers: “Within ature can plummet by 10 degrees celsius, tricity, South Africa is looking to diversify the Fund should strictly abide by to curb a huge state budget deficit, including reduc- this month (September), 274 households the blue skies quickly replaced by a steady its options to avoid power cuts. the new deadlines set for complet- ing financial allowances for public sector workers. were supplied through this system with drizzle. But so far, so good: even on overcast Robyn Spence, who works at Dollar car ing the 15th Review,” it said. Almarai - the second Saudi retailer after Jarir green electricity.” days, the plant still produces some power. At hire company at the airport, said they “had Marketing to report third quarter earnings - said the For environmentally-conscious travel- night or when necessary, the system auto- to replace quite a few computers” fried by changing economic environment and increasingly lers keen to reduce their carbon footprint, matically switches over to the traditional electricity surges caused by power cuts last competitive conditions meant it would continue to it’s a welcome development. power grid. year -- no longer an issue with the solar sys- focus on cost controls and preserving cash flow. “Planes have such a big carbon print,” “The thinking was if we put (the solar tem. But not all the retailers at the airport Its profit in the three months to Sept. 30 was 654.6 said passenger Brent Petersen, 33, in system) in the worst unpredictable weather, are feeling the benefits yet. million riyals ($174.6 million), up from 595.1 million riy- George. “If we compensate, that’s cool.” it will absolutely work in any other airport Lelona Madlingozi, a kitchen manager als in the year-earlier period, according to a bourse George Airport was originally built in in the country,” the airport’s maintenance at Illy restaurant in the main terminal, said statement. That was broadly in line with the average apartheid-era South Africa in 1977 to make director Marclen Stallenberg said. they had two power cuts lasting about three of five analysts’ forecasts polled by Reuters of 627.8 getting home easier for PW Botha, a gov- The environmental value of the ambi- hours each just a month earlier. “We could million riyals. Jarir reported third-quarter net profit of ernment minister at the time and later tious project is already evident. not sell anything in the shop,” she said. Res- 220 million riyals on Thursday, up from 218.5 million president. It now serves as a transit hub Since solar became the airport’s main taurants, said the airport, are not one of riyals a year earlier. Five analysts polled by Reuters for shipments of homegrown flowers and source of power, the hub has reduced its the essential services prioritised during had on average forecast 200.6 million. oysters, as well as golfers visiting one of carbon dioxide emissions by 1,229 tonnes power cuts. Banks drag down Saudi stocks lower; Qatar retreats

Reuters by its 10 percent daily limit in very sign that banks are being required predicted 200.6m riyals. Dairy firm edged down 0.02 percent in very thin attractive. In Egypt, the index rose thin trade. Banks have been hit in to bear much of the burden of Saudi Almarai gained 1.4 percent after post- trading volumes. 0.8 percent after a senior IMF official recent weeks by concern that the Arabia’s austerity drive as oil prices ing a 10 percent rise in quarterly Oman’s tiny market outper- said the Fund’s initial loan payment slumping construction sector could sag. Central bank officials were not profit to 654.6m riyals. Analysts had formed the region with its index to Egypt would be about $2.5 billion DUBAI: Banking shares dragged saddle them with bad debt, and by available to comment. forecast 627.8m riyals. climbing 1.5 percent as banks surged, and that he hoped to secure board Saudi Arabian stocks lower yester- the central bank’s decision to have Telecommunications firm Zain Qatar bench mark index slipped with Bank Dhofar MBDOF.OM> jump- approval for the $12bn programme day while most other Gulf markets them reschedule consumer loans to Saudi fell 5.4 percent, continuing a 0.02 percent to finish at 10,355.53. ing 8.7 percent. Subscriptions to the within the next month. were sluggish as investors waited customers whose incomes have been pull-back after surging early last Dubai’s index edged down 0.2 per- bank’s rights issue run from Oct. 5 El Saeed Contracting and Real for third-quarter corporate earn- hit by the government’s cuts to pub- week on hopes it would benefit from cent. DXBE Entertainments, due to to 19. Last week, the Times of Oman Estate jumped 3.5 percent to 0.89 ings announcements. Good news on lic sector allowances. deregulation of the sector. open some of its theme park facili- quoted the Muscat Securities Market’s Egyptian pound after it said it was Egypt’s International Monetary Fund Yesterday, the Okaz newspaper But retailer Jarir Marketing ties at the end of this month, was the director-general as saying the bourse buying 17 million treasury shares at loan boosted that market. reported, citing unnamed sources, climbed 1.8 percent after it reported most heavily traded stock; it closed would halve brokerage fees for day 0.96 pounds per share. The Saudi stock index sank 2.2 that the central bank had told banks a net profit of 220m riyals ($58.7m) 1.3 percent lower. traders by mid-November in order to But investment firm Qalaa percent as the banking index tum- to postpone for a month receiving for the three months to September Abu Dhabi’s index dropped 0.6 encourage more activity; this could Holdings plunged 8.3 percent after bled 4.5 percent. payments on such loans as part of 30, up from 218.5m riyals a year ear- percent as Abu Dhabi Commercial improve liquidity in the market, mak- reporting a sharply wider quarterly Banque Saudi Fransi plunged the rescheduling process - a fresh lier. Analysts polled by Reuters had Bank slipped 0.9 percent, while Qatar ing banking and other stocks more net loss.