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AAB launches new Lexus IS 2021 PAGE 14 WEDNESDAY, DECEMBER 16, 2020 30,230.46 10,480.69 46263.17 1,855.50 +368.91 PTS -1.27 PTS +9.71 PTS GOLD +1.28 % 4 startups emerge winners of DOW QE SENSEX QBIC’s 2nd wave of LMP PAGE 13 PRICE PERCENTAGE PRICE PERCENTAGE 24.63 BRENT 50.77 +0.95 % WTI 47.63 +1.36 % SILVER +2.42 % Qatar-Austria trade volume exceeds $210 mn: QC chief 36 Austrian companies including three wholly-owned operational in Qatar TRIBUNE NEWS NETWORK DOHA QATAR Chamber Chairman Sheikh Khalifa bin Jassim Al Thani participated in the General Assembly Meeting of the 29th Session and 30th Meeting of the Board of Di- rectors of the Arab-Austro The 26th session of the Partnership Summit 2020 kicked off in Mumbai on Tuesday. Chamber of Commerce (AACC) held on Tuesday via videoconference. The meetings discussed a Kuwari chairs Qatar’s team report on the economic and commercial cooperation be- tween Arab countries and Aus- at Partnership Summit 2020 tria, in addition to other topics identified in the agenda. TRIBUNE NEWS NETWORK held under the theme “Partner- Additionally, the summit For his part, Sheikh DOHA ships for Lives, Livelihood, and features looking into expand- Khalifa underscored the im- Growth”, is aimed at discussing ing business partnership op- portance of economic coop- Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani participates in a meeting of Arab-Austro MINISTER of Commerce and ways to enhance trade and in- portunities in various sectors eration between both sides, Chamber of Commerce held online on Tuesday. Industry HE Ali bin Ahmed vestment cooperation channels of common interest. noting that the AACC plays a Al Kuwari chaired the Qatari between Qatar and India, shed- The Partnership Summit vital role in this regard, and as strengthen cooperation these relations. and three companies with delegation that participated ding light on Qatar’s investment had 25 previous sessions, wit- acts as a bridge between Arab prospects between business The two countries’ bilateral full Austrian capital, he said. in the 26th session of the environment, as well as the nessing the participation of a states and Austria. sectors for the good of both trade amounted to $ 210 mil- Founded in 1989, AACC Partnership Summit 2020. promising investment opportu- number of ministers, senior Pointing out the strong countries’ economies. lion last year, while it reached aims to strengthen the eco- Held through videoconfer- nities that would contribute to officials, decision-makers, relation between Qatar and Qatar and Austria en- $138 million at the end of the nomic and commercial ties ence, the four-day summit attracting more foreign direct business leaders, political Austria, he underlined the joy close and multi-faceted third quarter of 2020. between Austria and the began in Mumbai on Tuesday. investments and enhancing Qa- leaders, investment organisa- interest of both countries to relations, he noted adding There are about 33 Aus- Arab countries, as well as en- The participation of Qatar tar’s competitive position in the tions, investors, and experts promote their investment that the private sectors in trian companies operating in hance communication in sci- in this year’s summit, which was region and beyond. in industrial field. and trade cooperation, as well both sides sought to support Qatar with Qatari partners ence, art and technology. MoCI-New Economy & Business Wednesday, December 16, 2020 13 QND an occasion to celebrate 4 startups emerge winners achievements, praise values of solidarity, unity: Kuwari of QBIC’s 2nd wave of LMP QNA Mohsin Al Shaikh’s Oxy Tank, Khalifa Al Thani’s Biscuit Factory, Hassan Al DOHA Ansari’s Arkana and Beehive from Sarah Al Dorani and Eliana are the winners MINISTER of Commerce and Industry HE Ali bin Ahmed Al Kuwari affirmed that Qa- TRIBUNE NEWS NETWORK tar National Day is an occasion to celebrate DOHA the huge and honorable achievements thanks to the vision of the wise leadership THE Qatar Business Incuba- and a milestone for maintaining the values tion Center (QBIC) has suc- of solidarity, unity and patriotism, which cessfully concluded the sec- were established by the founder Sheikh ond wave of its newly formed Jassim bin Mohammed bin Than. The Lean Manufacturing Program founder laid the foundation for establishing (LMP), following an event the State of Qatar that turned the State into streamed live from QBIC’s a cohesive society and a united and inde- headquarters in Doha. pendent country. The seven-week pro- In an exclusive statement to the Qatar gramme, which is the first of News Agency (QNA) on the occasion of the its kind in the country, has National Day, the minister said the slogan Minister of Commerce and Industry HE Ali bin seen several promising in- of the National Day this year “We praise Ahmed Al Kuwari dustrial startups and rapidly you, the Lord of the Throne”, is taken growing manufacturing com- from poetic verses from the founder of the panies take part in practical State of Qatar. The leaders and sons of the workshops and developmental country who were raised in the spirit of online sessions. what the slogan signifies believed that the The LMP team received path of victory could not be achieved except applications from more than with determination, patience and making ‘Inspiring devp policies’ 40 startups, out of which five massive sacrifices with the help of God teams were selected to pitch Almighty. Minister of Commerce and Industry HE Ali their ideas before a panel of The minister explained that the lead- bin Ahmed Al Kuwari said that Qatar has expert judges. The four win- experts. sion. Another successful wave tional seminars by the team ers of the State, since its establishment, pursued inspiring development policies that ners for the second wave of the The LMP is designed to of the LMP concludes today, at Fab-Lab. Participants were have exerted everything that would raise ensure self-reliance, cooperation and programme were Oxy Tank build the capacity of compa- but we are excited to continue also given the opportunity to the country and its people, and the State international openness as strategic (Mohsin Al Shaikh), which nies that are aiming to manu- supporting Qatari talent to visit Jahiz factories and QBIC of Qatar today has become a civilized, principles to raise various regional and produces watertank coolers; facture products and goods in achieve maximum potential industrial workshop where developmental and economic model to be global challenges, especially the economic Biscuit Factory (Khalifa Al Qatar. Participants in the LMP within the manufacturing in- they received advice and guid- emulated. repercussions of the global COVID-19 Thani), a made-in-Qatar bis- are trained to develop their dustry.” ance from factory owners on He pointed out that Qatar has pursued pandemic. He stressed that Qatar, thanks cuit production startup; Arka- ideas alongside invaluable Within this programme, how to scale their operations. inspiring development policies that ensure to the guidance of its wise leadership, has na (Hassan Al Ansari) which insights provided by interna- entrepreneurs and busi- Graduates of the LMP can self-reliance, cooperation and international demonstrated its ability to deal with one of has an innovative approach to tional experts and partners, ness owners gain a thorough, now transfer their knowledge openness as strategic principles to raise air conditioning, and Beehive as QBIC continues to deliver hands-on understanding and skills to empower indi- various regional and global challenges, the most difficult challenges by adopting a (Sarah Al Dorani and Eliana), world-class content that is rel- of the holistic manufactur- viduals currently within the especially the economic repercussions of flexible strategy that places the health and bringing the number of ideas evant to the local market. ing process through a series industrial and manufacturing the global COVID-19 pandemic. safety of citizens and residents at the top of started by LMP to 16. Hamad Dashin Al Qahta- of practical sessions that are sector, as they pave the way to He stressed that Qatar, thanks to the its priorities and has directed an important QBIC will support the win- ni, General Manager at QBIC, based on the lean methodol- leading change within the sec- guidance of its wise leadership, has dem- part of its efforts to preserve the strength ners by providing each with said. “It is a pleasure to see ogy. tor in Qatar. Program gradu- onstrated its ability to deal with one of the and durability of its national economy. a workshop space at a sub- more aspiring entrepreneurs During the programme, ates leave with the skills and most difficult challenges by adopting a sidised rate and a dedicated participating in the LMP. This participants visited Fab-Lab knowledge to efficiently scale flexible strategy that places the health and office space, in addition to is proof that we are stead- at QBIC to learn more about their operations and grow into safety of citizens and residents at the top of gradually lifted in line with the stages set by on-going coaching and men- ily achieving self-sufficiency digital manufacturing and the next stage of the produc- its priorities and has directed an important the Supreme Committee for Crisis Man- torship services by industry in line with the nation’s vi- received a number of inspira- tion cycle. part of its efforts to preserve the strength agement, the minister pointed out, adding and durability of its national economy. that in parallel with this, an important The minister said the country has set of awareness-raising campaigns about moved forward towards continuing its sound business and health practices were march to achieve Qatar National Vision launched to intensify inspection campaigns 2030, as it adopted an inspiring model in on various commercial activities in the QFTH announces Wave 2 of flagship programmes crisis management by adopting integrated country.

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