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BUSINESS Friday 23 November 2018 PAGE | 15 PAGE | 15 Iphone Supplier China Names Oil Foxconn & Gas Veteran to Planning Deep Top Energy Post to Cost Cuts Drive Revamp

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BUSINESS Friday 23 November 2018 PAGE | 15 PAGE | 15 Iphone Supplier China Names Oil Foxconn & Gas Veteran to Planning Deep Top Energy Post to Cost Cuts Drive Revamp BUSINESS Friday 23 November 2018 PAGE | 15 PAGE | 15 iPhone supplier China names oil Foxconn & gas veteran to planning deep top energy post to cost cuts drive revamp Qatar emerging as Ghosn gone: Nissan drives out regional hub for chairman after arrest AFP more than any other firm. around $44m between June 2011 FinTech business TOKYO It also throws the future of and June 2015. the alliance into doubt, as Ghosn His fate as Nissan chairman THE PENINSULA Nissan board members voted was the architect of the fractious appeared sealed just hours later DOHA unanimously to sack Carlos tie-up -- which employs as his hand-picked successor as Ghosn (pictured) as chairman 450,000 people globally -- and CEO, Hiroto Saikawa launched The Qatar Financial Centre yesterday, a spectacular fall from the glue holding it together. an impassioned broadside at his (QFC) working actively to grace for the once-revered boss “After reviewing a detailed former mentor, muttering about comments since his arrest. develop Qatar as hub of financial whose arrest for financial mis- report of the internal investi- a “dark side” to the Ghosn era He received a visit from Bra- technology (FinTech), noted a conduct stunned the car industry gation, the board voted unani- and urging his sacking. zilian consul Joao de Mendonca senior official of QFC, one of the and the business world. mously... to discharge Carlos Even after being jettisoned on Thursday who told AFP that world’s leading and fastest Ghosn stands accused of Ghosn as Chairman of the as chairman, Ghosn remains Ghosn “sounded very well, in growing onshore business and under-reporting his income by Board,” the statement said. technically a member of the good health”. financial centres at an event. millions of dollars and a host of Nissan also stressed its “long- board as a full shareholders’ However, his conditions are As part of the efforts, QFC is international FinTech companies other financial irregularities, standing... partnership with meeting is required to remove likely to be a far cry from what working in close cooperation that want to be active in Qatar or alleged after a months-long Renault remains unchanged” and him. the millionaire businessman is with major stakeholders, and nearby remittance markets. As internal Nissan probe following that “the mission is to minimise Nissan said it would study used to. Inmates at the centre are recently joined hands with part of our commitment to devel- a whistleblower report. the potential impact and con- the creation of a “special com- typically allowed 30 minutes Europe’s leading Fintech oping a FinTech hub, the QFC His ouster as chairman rep- fusion on the day-to-day coop- mittee” to take advice from a exercise per day and only two platform B-Hive, which will help recently signed an MoU with resents an astonishing turna- eration” between the firms. third party on improving its baths a week. facilitate co-operation on several Europe’s leading Fintech round for the titan of the auto Prosecutors intercepted the internal governance and exec- Ties and strings are removed aspects based on the promotion platform B-Hive, which will help sector who revived the Japanese Brazil-born tycoon Monday as utive pay. to prevent suicide attempts and of business opportunities and facilitate co-operation on several brand and forged an alliance he landed in Tokyo on a private - ‘In good health’ - Ghosn is former guards and lawyers said knowledge sharing. aspects based on the promotion with Renault and Mitsubishi jet, accusing him and another being held custody in a Tokyo Ghosn was almost certain to be This was reaffirmed by QFC of business opportunities and Motors, which sold a combined executive Greg Kelly of under- detention centre and has not held in a cramped cell on his as it took part in a ‘FinTech/ knowledge sharing.” 10.6 million cars last year -- stating the chairman’s income by been seen in public nor made any own. Blockchain’ panel discussion at Hoogendoorn added: “We are the 5th Annual Information witnessing a steady uptake of Security Conference for the FinTech businesses in the Middle Financial Sector. East, with the number of FinTech Henk J Hoogendoorn (pci- startups soaring to 105, from 46 tured), Managing Director, between 2013 and 2015. The QSE index closes at 10,328.48 points Financial Sector Office, QFC dis- adoption of FinTech within cussed the growth of FinTech Qatar’s financial sector will THE PENINSULA end of previous week. number of transactions during day’s closing. during a panel that brought provide plenty of opportunities in DOHA The Banks and Financial last week, accounting for 37.5 The volume of shares traded together speakers who included areas such as Financial Inclusion. Services sector led trading value percent of the total number of increased to 4.29 million from Simon Ingham, SVP Enterprise Additionally, about eighty per cent Qatar Stock Exchange’s (QSE) during last week 46.83 percent transactions, Real Estate sector 4,171,142 on Wednesday and the Solutions, KYC Global; Dr Jaouad of FinTech is non-regulated so we benchmark index dropped of the total trading value, fol- accounted for 17.49 percent. The value of shares decreased to Al Khaliki, Founder, 30Tech; can start working on important 114.29 points, 1.12 percent, last lowed by Consumer Goods and Industrials sector accounted for QR147.40m from QR168.15m on Nabil Ben Aissa, CEO QPAY and themes such as cyber security, week when the bourse closed Services sector accounted for 16.27 percent, and finally Con- Wednesday. Bora Goknar, International Sales data analytics, digital access and yesterday at 10,328.48 points. 17.38 percent. The Real Estate sumer Goods and Services sector From the 48 companies Manager, Cardtek. a cashless FIFA 2022.” Trading value during last sector accounted for 11.77 accounted for 12.61 percent. listed on QSE, shares of 44 saw During the session, the pan- The QFC is an onshore juris- week increased by 7.92 percent percent, and Industrials sector Out of the 45 listed com- trading yesterday. From these, elists debated trends, insights and diction, allowing companies to to reach QR1.07bn compared to accounted 10.21 percent. panies, shares of 26 ended last 27 companies gained, 12 closed approaches to the adoption of operate in and from Qatar within QR1.17bn. The Banks and Financial week higher, while 18 fell and lower and five remained FinTech by the financial industry, the QFC legal and tax envi- Trading volume decreased Services sector led trading one remained unchanged. unchanged. how regulators can use FinTech ronment. The QFC endeavours by 5.82 percent to reach 25.40 volume during last week with The QNB led trading value Indices of two four sectors effectively and the lessons to promote Qatar as an attractive million shares, as against 26.98 40.33 percent of the total trading during last week with 18.68 ended in green zone and three learned and best practices from business destination. Companies million shares, while the number volume, Real Estate sector percent of the total trading value, sectors ended in red zone today. other regions that have made sig- that wish to establish a business of transactions fell by 2.17 accounted for 21.06 percent. The Qatar Fuel accounted for 14.97 QSE Total Return Index nificant advancements through in the QFC are guided throughout percent, to reach 20,264 trans- Telecoms sector accounting for percent, the Barwa Real Estate increased 0.35 percent to the use of the technology. by a dedicated QFC relationship actions as compared to 19,833 16.06 percent, and Industrials accounted for 8.61 percent. 18,197.63 points and QSE Al Hoogendoorn said: “The QFC manager who assists in the transactions. sector accounted 9.89 percent, When compared on daily Rayan Islamic Index dropped is already actively contributing process of obtaining a licence and Market cap fell by 1.25 reports QNA. basis, the QSE index gained 0.05 percent to 3,892.43 points. to the national FinTech plan and offers support in matters related percent to reach QR583.82bn as The Banks and Financial 35.66 points, 0.35 percent, yes- QSE All Share Index gained 0.28 will be a platform for to operating a business in Qatar. compared to QR576.62bn at the Services sector led trading terday compared to Wednes- percent to 3,070.63 points. UK looks to hydrogen as source of green energy to make heat BLOOMBERG renewables such as wind and long as the hydrogen is made LONDON solar are spreading rapidly to without emissions, it can be generate electricity, those energy counted as clean energy. An influential panel of lawmakers sources are less adept than oil, Hydrogen is emerging as a in Parliament is encouraging the natural gas and coal in providing solution to difficult questions in government to develop hydrogen heat. the energy transition, such as as a way to provide a green form “Hydrogen has the potential how to plug the gaps between of heat for industry and homes. to contribute to near-zero wind and solar generation The Committee on Climate carbon energy emissions if used without fossil fuels. Burning the Change, which advises the gov- strategically,” said John Gummer, lightest element doesn’t produce ernment on energy and environ- chairman of the Committee on any carbon emissions, so it could mental policies, said ministers Climate Change. “The gov- potentially displace gas and should write a strategy for ernment must now decide other fossil fuels both in power removing carbon emissions from whether it wishes to develop a generation and transport.
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