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ISO 9001:2008 CERTIFIED NEWSPAPER Home | 3 Business | 14 Sport | 21 Remittances GCC bond David Warner surge during yields pick up piles on the Ramadan and on US rate hike agony for Eid Al Fitr. expectations. England. SUNDAY 19 JULY 2015 • 3 Shawwal 1436 • Volume 20 Number 6496 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 ‘Jungle Book’ show One of biggest Qatar top per ships to dock at Hamad Port today DOHA: One of biggest ships in the world carrying 12 giant cranes will enter Hamad Port capita energy today. The ship from China is carry- ing four huge cranes while eight are small in size, Al Sharq reports. The port was filled with water subsidiser 10 months ahead of its schedule to allow the ship to dock at the port. The ship was earlier planned IMF: Global subsidies to hit $5.3 trillion to unload the cranes at Jabal Ali Port in the UAE from where the BY SATISH KANADY post-tax energy subsidies in dollar machines would be transported terms. Globally, energy subsidies through small ships to Qatar. DOHA: Qatar has been named are projected at $5.3 trillion this Flooding of Hamad Port ahead the top per capita energy subsi- year, or 6.5 percent of global GDP, of schedule has made it possible diser in the world. according to the IMF. for the ship to dock there, which International Monetary Fund’s Most of this arises from coun- is a major achievement for the (IMF) latest update of global tries setting energy taxes below Ministry of Transport and com- energy subsidies shows Qatar is levels that reflect the environ- panies involved in construction of the top subsidiser in terms of per mental damage associated with the port. capita, China is top in dollar terms energy consumption. Work on the port is expected to and Ukraine in percent of GDP. Energy subsidies are dra- finish ahead of schedule. Qatar’s total energy subsidies matically higher than previously ‘Jungle Book’ artists perform at Lagoona Mall yesterday as part of Eid Al Fitr Festival 2015 organised by Qatar (post-tax) are projected to hit an thought. Estimates for global Tourism Authority. Report on page 2 Four fire cases, 12 estimated $14.47bn this year. Of energy subsidies in 2011 have been this, petroleum subsidy accounts revised to $4.2 trillion, more than for $6.78bn, while natural gas and double the $2 trillion reported by road mishaps on electricity subsidies account for IMF in 2013. second day of Eid $5.17bn and $2.51bn, respectively. Subsidies are projected to Saudi smashes IS network, Qatar’s energy subsidies in remain high, despite sharp DOHA: Fire broke out at four terms of per capita are projected declines in international energy sites in the Industrial Area and at $5,995.25 for 2015. prices. Al Shafi Street in Al Rayyan A product breakdown shows High growth in energy con- arrests 431 members yesterday. The second day of Eid petroleum as the highest sub- sumption, especially coal, infla- Al Fitr also witnessed 12 road sidised product, amounting to tion and real income growth, and RIYADH: Saudi authorities foiled attacks plotted during in the region, also claiming an accidents across the country. $2,810.29 per capita. Natural gas persistent undercharging for envi- announced yesterday that they Ramadan, including a bombing unprecedented attack on a Shia Rescue teams from the amounts to $2,143.83 and electric- ronmental costs are key factors. had broken up an organisation at a mosque belonging to secu- mosque in Kuwait and several Ministry of Interior and Civil ity subsidy $1,041.12. Energy subsidies are sizable linked to Islamic State and rity forces in Riyadh and Shia attacks in Yemen. Defence rushed to the acci- According to IMF, Qatar’s in nearly all countries, advanced arrested 431 members, mostly mosques in Eastern Province. Saudi Arabia and its Sunni dent spots. No causalities were energy subsidy is expected to and developing economies alike. Saudis, so far. The group also plotted to attack a Gulf neighbours last year joined reported in the road mishaps and touch 6.37 percent of its GDP this According to the IMF, the bulk Authorities have “managed diplomatic mission, ministry said a US-led military coalition bomb- fire incidents. Details of damage year. Petroleum subsidy accounts of energy subsidies in most coun- over the past few weeks to destroy without elaborating. ing IS in Syria, raising concerns in fire cases have also not been for 2.99 percent of GDP, natural tries are due to undercharging for an organisation made of a clus- Among those detained are about possible retaliation. assessed, Al Sharq reports gas 2.28 percent and electricity domestic environmental damage, ter of cells, linked to the terrorist 144 accused of supporting the Interior Minister Crown Prince The ministry urged motorists 1.11 percent. including local air pollution — Daesh organisation,” the interior network by “spreading the devi- Mohammed bin Nayef said after a and other road users to comply The country-level estimates in especially in countries with high ministry said, using the Arabic ant ideology on the Internet and deadly mosque attack in May that with traffic rules and regulations. GCC shows Kuwait is the second coal use and high population expo- acronym for IS. recruiting new members”. Saudi security remains “under It also urged motorists to refrain biggest per capital energy sub- sure to emissions — and broader It said network members were IS, which considers Shias her- control”. “Incidents such as this from using mobile phones while sidiser ($3,429.95), followed by externalities from vehicle use like engaged in a “plot managed from etics, claimed responsibility for will not destabilise us. We have driving. Saudi Arabia ($3,395.03). traffic congestion. areas of unrest abroad” to sow mosque attacks. been through bigger ones.” As Eid celebrations are taking In GDP terms, Saudi Arabia is In many top subsidisers in per- sectarian sedition and spread It controls swathes of neigh- He had led the crackdown on place across the country, motor- the top energy subsidiser in the cent of GDP and per capita terms, chaos. The cells were involved bouring Iraq and Syria, and has Al Qaeda which waged a cam- ists should be cautious about the region (13.23 percent), followed by these also reflect the setting of in attacks and plots, including claimed widespread abuse, includ- paign of shootings and bombings possibilities of frequent crossing Oman (8.90) and Kuwait (7.79). domestic energy prices below deadly suicide bombings at Shia ing the beheading of foreign against foreigners and Saudi secu- of roads by pedestrians, including With $106.56bn, Saudi Arabia their supply cost, the IMF said. mosques in the Eastern Province. hostages. rity personnel between 2003 and children, the ministry added. is the topper in the region in THE PENINSULA The ministry said authorities It has expanded operations 2007. AFP THE PENINSULA Iraq car bombing toll 90 Iran: Policy on ‘arrogant’ US Ministers back in won’t change ‘liberated’ Aden TEHRAN: Iran’s avowed ADEN: Yemeni ministers have as a gesture of gratitude. opposition to an “arrogant” US arrived back in Aden from Saudi He also issued a decree government will not change exile after the government appointing Brigadier General despite the nuclear deal with announced the “liberation” of Abdulrahim Ahmed Salem Atiq world powers, Supreme Leader the country’s second city from as Commander of the Second Ayatollah Ali Khamenei said Iran-backed rebels, the interior Military Region in the city of yesterday. minister said yesterday. Mukalla, capital of Hadramout In a speech, Khamenei high- It is the first time members governorate in southeastern lighted differences over the con- of the internationally recognised Yemen, promoting him to the flicts in Syria, Yemen and other government have returned to rank of Major General. regional states. homeland since the Houthi Shia The Riyadh-based govern- The remarks were greeted rebels entered the southern port ment had announced that its by customary chants of “Death city in March, forcing President loyalists had freed the city after to America”. “US policies in Abdrabhu Mansur Hadi and his four months of fighting with the region differ from Iran’s by Iraqis gather around a hole caused by a bomb attack a day earlier in Khan Bani Saad town in eastern Baghdad, ministers to flee their last refuge. rebels and renegade troops loyal 180 degrees,” Khamenei said at “We arrived last night,” Abdo to Hadi’s ousted predecessor Ali yesterday. At least 90 people were killed and 120 hurt in a car bombing claimed by Islamic State at a busy market a prayer gathering in Tehran, Al Huzeifi said, adding he was Abdullah Saleh. “The government in Diyala province. Authorities cancelled Eid festivities and declared three days of mourning. See also page 4 marking the end Ramadan. accompanied by Transport announces the liberation of the He did not rule out the possi- Minister Badr Basalma and secu- province of Aden,” Vice-President bility of cooperation against IS, rity officials. Khaled Bahah said on Facebook. noting there can be “exceptional HMC reports 1,042 heart, stomach cases He did not say how the delega- A spokesman for the rebel circumstances” that justify talks, tion reached Aden, but Saudi- forces dismissed the boast as “psy- such as the nuclear issue, but DOHA: The second day of Dr Varda Al Saad, Consultant, last midnight. Twelve were related owned daily Asharq Al Awsat chological warfare and an attempt he insisted there would be no Eid saw 1,042 patients visiting emergency section, HGH, said: to road accidents and four seek- quoted a Saudi security official to improve the crushed morale” broader detente.