QATAR | Page 2 BUSINESS | Page 1 Strategy to boost private investments, INDEX DOW JONES QE NYMEX QATAR 2, 3, 20 COMMENT 18, 19 REGION 4 BUSINESS 1-7, 12-16 says QCB Civil Defence Intersection 18,529.29 10,920.08 42.85 ARAB WORLD 4, 5 CLASSIFIED 8-11 -14.24 +130.86 +1.05 INTERNATIONAL 6 – 17 SPORTS 1 – 12 to open by September-end governor -0.08% +1.21% +2.51% Latest Figures published in QATAR since 1978 TUESDAY Vol. XXXVII No. 10175 August 9, 2016 Dhul-Qa’da 6, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals Qatari players celebrate In brief Al-Sada REGION | Decision sees path Saudi to raise visa fees and traffi c fi nes Saudi Arabia’s cabinet has approved proposals to raise a range of government fees, including visa to oil price charges and fines for some traff ic violations, the off icial SPA news agency said yesterday. New visa fees approved by the cabinet include a charge of 8,000 Saudi riyals ($2,133) for a two-year multiple entry permit. A three-month recovery multiple exit and re-entry visa will cost 500 riyals; previously, such a Opec plans to hold informal talks visa cost 500 riyals for six months. in Algeria next month The cabinet also approved changes to civil aviation fees, SPA said By Pratap John without giving details, and set heavy Chief Business Reporter fines for “drifting”, in which thrill- seeking Saudi motorists spin and Qatar’s Jeff erson Santos Pereira, left, celebrating with Cherif Younousse after beating the Spanish duo of Pablo Herrera and skid their cars at high speed. Adrian Collado in their beach volleyball group match at the Rio Olympics yesterday. It was the first win for the Qataris who he oil market is “on the path to were beaten by hosts the USA in their opening match. More Olympics on pages 1,2,3,4,5,6,7 and 12 of Sport. rebalancing” despite the recent EAST ASIA | Tension Tdecline in global oil prices, said HE the Minister of Energy and Indus- Japan ‘on alert to try Dr Mohamed bin Saleh al-Sada. destroy missile’ Al-Sada, the current president of Japan’s newly-appointed defence the Organisation of Petroleum Ex- minister yesterday ordered the porting Countries (Opec), said the nation’s military to be ready to Supreme Committee booth group would hold informal talks at a destroy any missiles fired by North conference in Algiers in September. Korea that threaten the country, “Expectation of higher crude oil local media reported. Tomomi Inada demand in the third and fourth quar- issued the order, public broadcaster ters of 2016, coupled with decrease in NHK said. Inada’s appointment as in Bayt Qatar a big draw availability, is leading the analysts to the defence minister came last conclude that the current bear market Wednesday, the same day North QNA is only temporary and oil price would Korea fired a ballistic missile that Rio De Janeiro Sheikh Joaan meets IAAF president increase during the later part of 2016,” HE al-Sada: Opec’s current president. landed just 250km off its coast - al-Sada said in a statement yesterday. hitting Japanese-controlled waters for “Opec continues to monitor devel- Brent crude rose $1.12, or 2.5%, to HE Sheikh Joaan bin Hamad al- toured Bayt Qatar’s various pavilions the first time. he Supreme Committee for De- opments closely and is in constant de- settle at$45.39. Thani, Qatar Olympic Committee and listened to a presentation about livery and Legacy (SC) booth at liberations with all member states on Oil tumbled into a bear market last (QOC) president and head of the its contents and objectives and Qatar’s WORLD | Health Bayt Qatar in Rio De Janeiro is ways and means to help restore stabil- week, ending a recovery that saw pric- T Qatari delegation taking part in Rio achievements in the fi elds of sports, attracting a large number of visitors, ity and order to the oil market.” es almost double from a 12-year low in 2016, yesterday met Lord Sebastian development and cultural heritage. A medical its supervisor Mohamed Yousef al- An informal meeting of Opec mem- February. Coe, president of the International He praised the initiative of Bayt breakthrough Hammadi said yesterday. ber countries is scheduled to take The renewed decline keeps pres- Association of Athletics Federations Qatar, noting that QOC had always Scientists have found a single class Highlighting the large turnout place on the sidelines of the Interna- sure on many member countries that (IAAF) and member of the been at the forefront to support the of drugs that can kill the parasites at the pavilion, he said the visitors tional Energy Forum, which groups are still unable to balance their budg- International Olympic Committee International Olympic movement’ responsible for three tropical diseases were keen to know about Qatar’s producers and consumers, in Algeria ets, Bloomberg said. Opec ministers (IOC), who visited Bayt Qatar. Coe projects. that aff ect millions in Africa, Asia preparations to host the World Cup from September 26 to 28, the state- last met in June when they rejected a and Latin America - Chagas disease, in 2022. ment said. proposal to adopt a new output ceil- leishmaniasis and sleeping sickness. “The majority of visitors are aware al-Thani had a significant impact the biggest sporting event in the world Oil prices settled up nearly 3% yes- ing, sticking to a policy of unfettered In a study published in the journal and well informed about the venues on the success of Bayt Qatar and the to be hosted by the State of Qatar for terday amid renewed speculation that production. Nature, scientists at the Genomics of the World Cup fi nals. The ques- state’s participation in the Olympics the fi rst time in the Middle East,’’ he Opec would try to restrain output, Al-Sada said “the latest drop in Institute of the Novartis Research tions were objective and refl ected a in general. said. easing oversupply worries that pres- prices won’t last”. Foundation found the compound can clear understanding of, and a great Qatar Swimming Association (QSA) Al-Jaber made a presentation about sured the market to three-month lows The recent slide in prices refl ects cure all three diseases in mice, and passion for, the World Cup’’, al-Ham- president Khaleel Ibrahim al-Jaber Qatar’s hosting of the 2023 FINA last week, a Reuters dispatch said. weaker refi ning margins, a surplus of does not harm normal human cells in madi said. also lauded the SC’s participation in World Championships in the Lecture The Wall Street Journal reported last refi ned products, in addition to the laboratory tests. He said that Qatar’s participation Bayt Qatar. Hall in Bayt Qatar in Rio. week that Opec countries such as Ven- UK’s vote to leave the European Union in the Olympics refl ected the com- He praised SC ’s participation through The presentation was attended by ezuela, Ecuador and Kuwait want to or Brexit and its impact on the fi nan- PHILIPPINES | Crackdown mittee’s policy to promote the coun- a pavilion located in the heart of Bayt Asian Athletics Association (AAA) take another stab at co-operation be- cial markets. try in international forums and Rio Qatar which, he said, demonstrated the and Qatar Athletics Federation (QAF) tween the 14-nation group and non- Some Opec offi cials had said a re- Offi cials linked to 2016 presented a good opportunity to importance of its role and refl ected the president Major General Dahlan al- members such as Russia. vival of talks on a global oil production drugs trade surrender achieve the goal. eff orts made by its offi cials to organise Hamad, Anti-Doping Laboratory The energy minister of Russia, the freeze could be discussed at an infor- Dozens of Philippine government Work on Bayt Qatar had started a distinct version of the FIFA World Cup Qatar (ADLQ) executive-director world’s biggest oil producer, said crude mal meeting of Opec and non-Opec and police off icials turned a long time ago in co-ordination that would fascinate the whole world. Dr Mohamed al-Sayrafi , along with prices were not at levels that warrant- in Algeria in September, if oil prices themselves in yesterday, a day after with the Qatar Olympic Commit- Al-Jaber said he was participating members of the Bayt Qatar Commit- ed intervention. But he remained open weaken, Reuters said. President Rodrigo Duterte linked tee (QOC) which provided all facili- in SC’s activities as a volunteer and tee in Rio 2016. to negotiations with Opec. Opec member Iran has been the them to the drugs trade, stepping ties to participate in this important wished to be the fi rst offi cial sport vol- Meanwhile, QOC secretary-general US West Texas Intermediate (WTI) main opponent of a freeze as it looks up a war on narcotics that has killed event, he said, adding that the spon- unteer. Dr Thani bin Abdulrahman al-Kuwari crude settled up $1.22, or 2.9%, at to raise its output to levels seen before hundreds since he took off ice in sorship and presence of QOC Presi- “Volunteering is a great honour to has praised the positive results of Qa- $43.02 per barrel. WTI hit April lows the imposition of now-ended Western June. Page 16 dent HE Sheikh Joaan bin Hamad serve Qatar as the FIFA World Cup is tari athletes in Rio.