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ISO 9001:2008 CERTIFIED NEWSPAPER Tuesday 20 May 2014 21 Rajab 1435 - Volume 19 Number 6071 Price: QR2 AstraZeneca Belhadj and rejects final Trabelsi win Pfizer offer QFA awards Business | 17 Sport | 27 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Emir meets Japan envoy Qatar plans Karwa taxi debt market DOHA: Qatar plans to have a thriving debt market, and with this objective in mind local service to be credit rating agencies are to be licensed. Al Sharq reported yesterday that Qatar Central Bank plans to develop a regulatory frame- work for local credit rating agen- privatised cies that would be licensed in the near future. The daily said many companies had applied to the cen- Six private operators to run taxis tral bank for licences to operate as credit rating agencies. Qatar DOHA: The Karwa taxi serv- Council on February 3 this year is also keen to woo international ice will be fully privatised by for review and its opinion. financial institutions to help 2017, with six private companies The state provides financial sup- deepen the debt market. expected to run the service. port to Mowasalat but not under Some government companies Mowasalat, the state transport a law. Once the funding process The Emir H H Sheikh Tamim bin Hamad Al Thani received a written message from Japanese Prime Minister are planning to issue bonds. company, will remain the regula- becomes part of a law, Mowasalat Shinzo Abe yesterday. The message, related to bilateral relations and issues of mutual concern, was delivered THE PENINSULA tor for private taxi operators. would be able to seek listing on by Japanese ambassador Shingo Tsuda. Karwa has awarded contracts the Qatari stock exchange, the to four private taxi companies and Advisory Council was told. two of them are already operating As per the proposed amend- their services. ment, on which the Advisory Plans are afoot to increase the Council held discussions, the number of private taxi operators extent of the state’s financial sup- High demand for Al Furjan grocery stores to six, with Mowasalat operating port to be provided to Mowasalat no taxis and just functioning as and the payment schedule is to DOHA: Shops reserved for Some 41 outlets are for men’s for footwear and clothing, allot- Meanwhile, people are com- the regulator. be decided by the Minister of grocery stores, cafeterias, salons and the applications ment requests total 159. plaining that the Ministry The contracts awarded to pri- Finance. laundries, and barber and tai- received total 159, while 71 appli- There are 40 shops each shouldn’t insist on a bank guar- vate taxi operators would be for a In 2002, Mowasalat took a con- loring shops in the upcoming cations have been received for 17 reserved for bakeries and retail antee of such a big amount at this period of five years and would be tract from the government to run Al Furjan markets are in high ladies’ salons. sale of vegetables and fruits. stage. renewable. public transport services (buses) demand. For 37 shops reserved for elec- Some six slots are reserved for “They should ask for guarantee These details were disclosed across the country. There is more demand for trical goods like wiring and sani- Qatar Post to open its outlets, after the allotment, for the appli- to the Advisory Council by the The company is provided finan- tailoring shops for women than taryware, the allotment requests and four each for Ooredoo and cant’s money is stuck until the transport minister, H E Jassim cial backing by the state because those for men. total 276. Vodafone Qatar, but so far the allotment is decided, and then Seif Ahmed Al Sulaiti, yesterday. bus tickets are subsidised. This The Ministry of Economy At least 159 applications have Ministry has received just one returning the amount takes time A discussion took place in the annual subsidy payment is to be and Commerce says most allot- been made for 28 tailoring shops allotment request from each of in the case of unsuccessful appli- Advisory Council on the report of regularised vide a law. ment requests received until last for women, whereas the number them. cants,” a citizen said. its financial and economic services Mowasalat plans to continue evening were for the above shops. of applications for male tailoring The Ministry said that until “What’s the point in making committee on proposed amend- operating public transport serv- Out of a total of 645 shops outlets is 57 (for 29 shops). 4pm yesterday it had received so much money stuck for three ments to a law (No. 37 of 2004). ices until the year 2022, Al Sharq in 44 Al Furjan markets in the There are few takers for out- 2,337 applications for the 645 to four months? If 3,000 people, A proposed amendment talks of reported. country’s remote areas, 59 are lets for bakeries (40) and meat shops, adding that only 373 of for example, apply providing the state providing financial sup- The company has four key reserved for grocery stores and shops (29) as the number of allot- them had provided bank guar- bank guarantees, the amount port to Mowasalat for losses it has departments and they include, 43 for cafeterias. ment requests so far has been antees of QR50,000 each. sucked up from the market would suffered on account of running apart from public transport, a Some 320 applications have lower than the number of shops According to the Ministry, be QR150m, and it would just public transport services (buses). support services department, a been received for groceries, available. applicants who haven’t provided remain stuck.” The proposed amendment strategic services department and whereas 265 companies have For 34 pharmacy slots, the a bank guarantee should do the Continued on page 4 was referred to the financial and a technical support department. applied for allotment of shops allotment requests received until same by May 25 or their request THE PENINSULA economic panel of the Advisory THE PENINSULA for cafeterias. yesterday were 33. For 11 shops would be cancelled. Independent schools to shift Ground broken for World Cup stadium to summer time from June 1 DOHA: The Supreme DOHA: With a gradual rise in temperatures, the Supreme Committee for Delivery and Education Council has asked Independent schools to reschedule Legacy (SCDL) has broken their working hours from June 1. ground for Al Wakrah Stadium, All the schools should close by 12 noon, about one-and-a-half the first proposed host venue to hours earlier than now. The SEC yesterday issued a circular to be delivered ahead of the 2022 Independent schools in this regard, Al Sharq reported. FIFA World Cup in Qatar. The new schedule will apply only to students. Teachers and other The second phase of construc- staff will be required to work as usual. Currently, most schools func- tion is under way on-site at Al tion from 7 am to 1.30 pm. Wakra, with HBK contracting The schools have also been asked to reschedule their teaching company carrying out the work. hours in a way that does not affect the core subjects. Major excavation has begun in Sources from some private schools said they had not received preparation for laying of the foun- any instructions from the SEC regarding summer working hours. dations in September. This phase “It is too early to change the timings. We may take a decision of construction is scheduled to fin- next month,” said the principal of an Indian school. ish around March 2015, with the All Independent and private schools will close for summer holidays 40,000-seat stadium expected to by the end of June or in early July. be completed in 2018. The stadium THE PENINSULA will be surrounded by a 560,000 square-metre precinct. Workers at the site of the Al Wakrah Stadium, ground for which was broken yesterday. QNA Libyan special forces Rising rupee makes Indian expatriates jittery join renegade general BY SACHIN KUMAR April 23 to 15.96 yesterday. results were announced,” he Indian expatriates expect the BENGHAZI/TRIPOLI: The on Friday in which more than 70 The appreciating rupee does added. rupee to rise further in coming commander of Libyan army people died. Militiamen appar- DOHA: The recent surge in the not augur well for Indian expa- The rupee had weakened to months as Modi has full majority special forces yesterday said he ently allied to Haftar also stormed value of the Indian rupee against triates, particularly the limited- a record low against the Qatari in parliament, which ensures a had allied with renegade general parliament in Tripoli on Sunday. the Qatari Riyal has made income group, in Qatar as it Riyal last year by touching 18.12 stable government. Khalifa Haftar in his campaign The violence has compounded Indian expatriates nervous. erodes the value of the Qatari per Qatari Riyal in August 2013. “After the results were against militant Islamists, government’s apparent weak- They are rushing to exchange Riyal against the rupee. The recent rise in the value of announced, many of them chose highlighting the failure of cen- ness in combating militias which houses to send money home to “Many expatriates are advanc- the rupee against major curren- to send money as early as pos- tral government in Tripoli to helped oust Muammar Gaddafi get the maximum value out of ing their remittances now due to cies has been triggered by hopes sible while those who could not assert its authority. in 2011 but now defy state their hard-earned riyals.