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Page 01 April 27.Indd www.thepeninsulaqatar.com BUSINESS | 21 SPORT | 29 Qatar setting up Barshim, Al Attiyahttiyah centre to combat to lead Qatar’ss gogoldld mmoney laundering quest in Rio WEDNESDAY 27 APRIL 2016 • 20 Rajab 1437 • Volume 21 • Number 6779 thepeninsulaqatar @peninsulaqatar @peninsula_qatar Emir receives message from Sultan Qaboos Emir sends Fuel prices greetings to Tanzania President DOHA: Emir H H Sheikh Tamim to vary from bin Hamad Al Thani sent a cable of congratulations to President of the United Republic of Tanzania John Magufuli on the occasion of next month his country’s National Day. QNB clarifies monthly basis and make recommen- dations with proposed prices based on data breach A committee in Qatar will on a formula. The formula takes into study the price of fuel account the changes on the prices of speculation on a monthly basis and petroleum products in the global mar- make recommendations ket, operational costs related to the production and distribution of fuel in The Peninsula with proposed prices the local market and fuel prices in the based on a formula. countries of the region. The decision to restructure fuel Emir H H Sheikh Tamim bin Hamad Al Thani received a message from H M Sultan Qaboos bin Said prices and adjusting them on monthly of Oman, pertaining to bilateral relations. The message was conveyed by Omani Minister of Interior DOHA: Referring to social media basis aimed mainly to raise the effi- Hamud bin Faisal Al Busaeidi when the Emir met him at the Emiri Diwan yesterday. The Prime Minister speculation with regard to an By Sachin Kumar ciency of energy use in the state and and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani attended the meeting. alleged data breach, QNB Group The Peninsula to increase consumer awareness on stated yesterday that its policy is the need to rationalise fuel consump- not to comment on reports circu- tion, especially after the economic lated via social media. and environmental impacts result- QNB said that there is no DOHA: Petrol and diesel prices in ing from differences between the Law on commercial agents amended financial impact on its clients or Qatar will fluctuate each month from prices in the domestic market and the bank. QNB Group places the May onwards as the Ministry of Energy global markets. The decision is also highest priority on data secu- and Industry yesterday announced in line with practices followed in many The Peninsula principle of equal treatment. papers related to business. rity and deploying the strongest restructuring of fuel prices in the countries of the world. The law has stipulated six According to the amended law, measures possible to ensure domestic market and linking them to The official said that restruc- months jail or fine not exceeding the Minister of Economy and Com- the integrity of our customers’ the global market prices. The deci- turing of fuel prices in the state and QR 20,000 or both for those vio- merce could impose conditions and information. QNB is further inves- sion is aimed at raising efficiency of adjusting them on a monthly basis DOHA: Emir H H Sheikh Tamim bin lating the provisions of Articles 18, controls relating to the principle of tigating this matter in coordination energy use in the country. does not necessarily mean a rise in Hamad Al Thani yesterday issued 19 ( clause 1, 2) and Article 20 of the reciprocity if traders import goods with all concerned parties. Speaking at a press conference prices, but it means that the prices Law No. 2 of 2016 amending some amended law. for which there are authorised local yesterday, Sheikh Mishaal bin Jabor will be linked to the actual prices of provisions of Law No. 8 of 2002 on If the violation is repeated the distributors. Al Thani, Head of the committee in these commodities whether up and organisation of business of commer- punishment will be doubled (the The authorised agent (of goods charge of studying fuel prices in the down according to world prices. cial agents. maximum) and the court can also and services) could get back to Today’s edition domestic market, said a committee The prices will be published on The law gives the right to traders order a closure of the dealer’s office. the principal to get commission in to study fuel prices in the domes- the official site of the Ministry and who are registered in the Commer- The law has stipulated jail term accordance with the terms of their includes an 8-page tic market has been formed with the in the local newspapers before the cial Register to import goods directly not more than three months or fine mutual agreement if the goods being membership of various government end of each calendar month. They even if those goods have an author- not more than QR10,000 or both for imported by a third party are for special supplement on agencies in the state. will go into effect of 12:01 after mid- ised local agent. anyone giving wrong information trading purposes. automobiles. The committee will study the night on the first day of the month And the Minister will set up the claiming he is the legal commer- price of fuel (petrol and diesel) on a of May 2016. terms and conditions related to the cial agent, in contracts or printed → Continued on page 5 HOME WEDNESDAY 27 APRIL 2016 03 Emir meets Royal Dutch Shell CEO Ministry observes World Intellectual Property Day and the advancement of services pro- patent recipients presented models vided to applicants in various areas of their inventions and compositions A seminar and of intellectual property such as pat- of their work. exhibition highlighted ent applications, trademarks and The ministry also organised a copyrights. two-day exhibition at Landmark the ministry’s role It elaborated on the role of intel- Mall to familiarise the public with in developing and lectual property rights as an essential the services offered to promote offering services to component of global trade and a new intellectual property rights such as source of wealth and power, and its procedures relating to the submission applicants in the contribution to the creation of new of patent applications and trademark field of intellectual competitive markets and increasing registration. investments and income. The day was observed for the first property rights. Participants praised the ministry time in 2000 with the aim of spread- for its role in facilitating procedures ing awareness about the concept of relating to the submission of applica- intellectual property rights protection tions for patents, trademarks, author among copyright holders and those The Peninsula rights, and exchanging views and interested in innovative, artistic or lit- feedback on the latest developments erary areas of intellectual property and proposals. rights and encouraging and enabling Several inventors, authors and them to protect their inventions. Emir H H Sheikh Tamim bin Hamad Al Thani met Royal Dutch Shell CEO Ben van Beurden and Qatar DOHA: The Ministry of Economy and Shell Companies Managing Director and Chairman Michiel Kool at the Emiri Diwan yesterday. They Commerce has marked World Intel- discussed cooperation and means of enhancing it. lectual Property Day (WIPD) this year under the theme ‘Creativity beyond Borders’. The day is observed on April 26 every year to enhance the protection of intellectual property rights and Labour Ministry promote its adoption on a large scale. Emir issues instruments of ratification The ministry held a seminar as to approve part of the activities, attended by Qatar Scientific Club, Qatar Foun- QNA recruiters dation for Education, Science and Community Development, General in Thailand Authority of Customs, the intellectual property agent’s office, innovators DOHA: Emir H H Sheikh Tamim bin Hamad Al Thani issued three instru- and those interested in the field of ments of ratification, approving a memorandum of understanding (MOU) intellectual property rights. on mutual recognition of certificates of competence for workers at sea; a QNA The ministry held a presenta- draft agreement in the field of developing public financial management; tion to highlight the important role of and an MoU in the environment field between Qatar and Turkey, signed in intellectual property rights in boost- Doha on December 2 last year. ing economic activity in Qatar and The Emir issued two instruments of ratification, approving draft DOHA: Minister of Administrative the ministry’s role in developing and agreements on air transport; and on the avoidance of double taxation and Development, Labour and Social offering services to applicants in the prevention of fiscal evasion with respect to taxes on income and the attached Affairs H E Dr Issa bin Saad Al field of intellectual property rights. draft protocol, between Qatar and Nigeria, signed in Doha on February 28 Jafali Al Nuaimi met a Thai dele- The ministry also shed light on this year. gation, led by the director-general the regulatory framework governing A visitor at one of the stalls at the exhibition at Landmark Mall. The Emir issued an instrument of ratification, approving a draft agree- of the Department of Employment, intellectual property rights in Qatar ment on air transport between Qatar and New Zealand, signed in Doha on after it visited the Labour City. September 9 last year. The Minister said Qatar is The Emir issued two instruments of ratification, approving an agree- proud of the contributions of the ment on technical cooperation between Qatar and Mexico; and an MoU Thai workers to the development between Qatar Central Bank and Bank of Mexico, signed in Mexico City on and growth of the state. “Within the November 24 last year. framework of our quest towards The Emir issued an instrument of ratification, approving an agree- achieving Qatar National Vision ment between Qatar and Bosnia and Herzegovina on the organisation of 2030, we look forward to welcom- the recruitment of workers from Bosnia and Herzegovina in Qatar, signed ing more highly skilled Thai labour in Doha on April 6, 2014.
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