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Qr93bn Set Aside for Major Projects

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Qr93bn Set Aside for Major Projects BUSINESS | Page 1 SPORT | Page 1 Jaish set to cede lead aft er Gharafa INDEX DOW JONES QE NYMEX QATAR 2, 16 COMMENT 14, 15 shocker ARAB WORLD 3 BUSINESS 1-6, 8-12 QCB hikes rate by 19,858.51 10,224.13 50.96 INTERNATIONAL 4-12 CLASSIFIED 7 +65.96 -134.86 -0.08 ISLAM 13 SPORT 1-8 0.25% aft er Fed move +0.33 -1.30% -0.16% Latest Figures published in QATAR since 1978 FRIDAY Vol. XXXVII No. 10304 December 16, 2016 Rabia I 17, 1438 AH GULF TIMES www. gulf-times.com 2 Riyals QR93bn In brief QATAR | Expatriates ‘No exit permit for set aside dependent children’ The option to apply for exit permits for expatriate male children above 18 years was found to be missing on the Ministry of Interior’s (MoI) Metrash2 application yesterday. According to information available for major on the Qatar government’s off icial website Hukoomi, “all expatriate residents, except wives and HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani being briefed about the Single dependent children under family Window Project for investor services at the headquarters of the Ministry of Economy and Commerce in Lusail City yesterday. sponsorship, require an exit permit to leave the country.” Page 16 projects QATAR | Offi cial Sunday declared Qatar expects QR28.3bn budget The minister said the projected defi - Single Window Project to deficit for 2017 cit in the 2017 budget was due to “a National Day holiday combination of low energy prices and The Emiri Diwan has declared By Pratap John a period of high development expendi- Sunday, December 18, an official Chief Business Reporter ture.” holiday on the occasion of The defi cit was down by 39.1% the National Day. Employees help investors launched compared with QR46.5bn in the 2016 will resume duties on Monday. ustaining spending in key sec- budget. Meanwhile, HH the Emir Sheikh tors such as health, education, Al-Emadi said the QR93.2bn budg- Tamim bin Hamad al-Thani has E the Prime Minister and Inte- sector, encourage local and foreign in- Transport and Communications, Mu- Sinfrastructure and transport, eted for major projects in 2017 “dem- pardoned a number of prisoners. rior Minister Sheikh Abdullah vestments and direct them towards nicipality and Environment and Qatar Qatar’s budget for 2017 has earmarked onstrates our commitment to com- Hbin Nasser bin Khalifa al-Thani value-added sectors to the national Tourism Authority and Qatar Chamber. QR93.2bn for major projects. plete all projects in the main sectors on REGION | Confl ict yesterday inaugurated the Single Win- economy, all in line with the Qatar Na- Each body will choose its represent- The State Budget announced by HE schedule.” dow Project for investor services at the tional Vision 2030. ative in the committee. The designa- the Minister of Finance Ali Sherif al- The minister said “an increase in the GCC warns Egypt over headquarters of the Ministry of Econo- The prime minister also issued yes- tion of the committee’s chairman and Emadi yesterday estimated revenues pace of construction activities on vari- linking Qatar to attack my and Commerce in Lusail City. terday decision No23 of 2016 to form members will be subject to a decision of QR170.1bn and an expenditure of ous projects will lead to higher alloca- Gulf Co-operation Council states The project is a result of the directives the Co-ordinating Committee for Sin- of the prime minister. An employee or QR198.4bn, thus expecting to post a tion for major projects during the com- have expressed concern over of HH the Emir Sheikh Tamim bin Ha- gle Window System Management. The more will be in charge of the commit- defi cit of QR28.3bn. ing three fi scal years.” linking Qatar to the deadly attack mad al-Thani seeking to remove bureau- committee is under the Cabinet. tee’s secretariat. The shortfall is expected to be cov- He said Qatar’s “committed on Cairo’s Coptic church, calling it cratic obstacles that face investments The committee will be formed under The committee will co-ordinate with ered by issuing debt instruments in the projects” would entail an expendi- unacceptable. In a statement issued and unify ministerial procedures for the the chairmanship of a representative all government agencies on providing the local and international fi nancial mar- ture of QR374bn, excluding oil and gas by the GCC General Secretariat, GCC benefi t of citizens and investors, the Qa- of the Prime Minister’s Offi ce and the Single Window’s services, provide all ad- kets, while maintaining its reserves and projects and those set up by govern- Secretary General Dr Abdullatif bin tar News Agency (QNA) reported. membership of a representative from ministrative and technical services nec- investments. ment-owned companies. Rashid al-Zayani warned that making It is one of the most important gov- the ministries of Interior, Energy and essary to facilitate the Single Window’s The budget has been based on an oil Al-Emadi said it was expected that statements without checking them ernmental initiatives launched in order Industry, Finance, Economy and Com- work, implement comprehensive quality price assumption of $45 per barrel. Qa- the government would sign contracts would aff ect the close ties between to develop the business environment, merce, Justice, Administrative Devel- concepts to improve performance and tar’s fi scal year now begins in January for new projects worth QR46.1bn in the GCC and Egypt. stimulate participation of the private opment and Labour and Social Aff airs, raise the level of services. To Page 2 and ends in December. 2017. Page 2 Gulf Times 2 Friday, December 16, 2016 QATAR Official Budget entails FM holds talks with head of QR198.4bn Syrian committee HE the Foreign Minister Sheikh Mohamed bin Abdulrahman al-Thani held a telephone HE the Prime Minister and Interior Minister, Sheikh Abdullah bin Nasser bin Khalifa al-Thani, arrives at conversation on Wednesday the headquarters of the Ministry of Economy and Commerce in Lusail City to inaugurate the Single evening with the chairman of expenditure Window Project for investor services. the high committee of the Syrian negotiations Dr Riyad Hijab. By Pratap John Emir issues law They discussed the situation in Chief Business Reporter adopting budget Syria, particularly the worsening humanitarian situation in the city PM launches single window of Aleppo, in light of the latest he government of Qatar HH the Emir Sheikh Tamim escalation. is expected to sign con- bin Hamad al-Thani yesterday The Foreign Minister reiterated Ttracts for new projects issued the Law No. 18 of 2016 Qatar’s solidarity with the worth QR46.1bn in 2017, HE the on the adoption of the State’s project to help investors people of Aleppo as well as Minister of Finance Ali Sherif al- General budget for the Fiscal Qatar’s continued eff orts to help Emadi has said. Year 2017. alleviate their suff ering, pushing Announcing the State Budget The Law shall be eff ective start- From Page 1 system of work including venue enced staff to provide it with for a ceasefire and ensuring the for 2017, the Minister said these ing from January 1, 2017 and It will also study complaints and dates of its meetings along the required advice, statements delivery of humanitarian aid. will include infrastructure and shall be published in the Off icial and suggestions of reviewers in with the rules for the exercise of or explanations. All parties will Riyad Hijab expressed transportation projects worth HE the Minister of Finance Ali Gazette, according to QNA. co-ordination with the compe- its terms of reference. The deci- be committed to submit to the appreciation and gratitude for QR25bn, projects related to Sherif al-Emadi tent units and authorities and sion states that the committee committee the information and Qatar’s stance and continued FIFA World Cup 2022 facilities take the necessary action, devel- will form among its members or data needed to perform its work eff orts to support the Syrian (QR8.5bn), health and education road, the new ring road for trucks Funds have also been provided op clear indicators for measuring others sub-committees to assist and co-operate with it within its people. projects (QR5.8bn) and projects and the new Al Khor road. Infra- for new projects at Qatar Uni- the level of quality and periodic it in performing its functions or terms of reference. in other sectors (QR6.8bn). structure projects include land versity, including the faculties of evaluation of the services pro- to designate whom it considers The decision also stipulates Al-Muraikhi The minister stressed that the reclamation in North and West education, pharmacology, law, vided for the Single Window by suitable among its members or that the committee will submit implementation of major devel- Doha, Al Khor, Al Mashaf, Al and laboratories for the Faculty all stakeholders, and co-ordinate others to examine any of the is- periodic reports on the results meets UN special opment projects would have a Wakrah and Al Wukair. of Sciences. with the competent authorities sues that fall within its terms of of its work, proposals and rec- envoy for Syria “positive impact” on economic Funds amounting to QR24.5bn Also, funds have been set and relevant authorities to sim- reference. ommendations to the prime growth as the International have been allocated to the health apart for the completion of plify and develop all procedures The committee will co-oper- minister. The decision will go HE the Minister of State for Monetary Fund expected Qatar sector, representing 12.3% of projects at the Qatar Founda- relating to the services provided ate with employees of ministries into force from the date of its is- Foreign Aff airs Sultan bin Saad to achieve an overall GDP growth the total expenditure in the 2017 tion for Education, Science and and set a timeline for them.
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