ISO 9001:2008 CERTIFIED NEWSPAPER Brent oil prices slump below $90 Sport | 14 Friday 10 October 2014 • 16 Dhu’l-Hijja 1435 • Volume 19 Number 6214 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Qatar trounce Lebanon in football friendly Sheikha Al Mayassa Plan to insure honoured by Women Together foundation NEW YORK: Women bank deposits Together foundation gave its 2014 award to H E Sheikha Al Mayassa bint Hamad Al Thani, Chairperson of Qatar Museums Board of Trustees, for her cultural work and from next year support for the promotion of art worldwide. Sheikha Alia Ahmed Protection for other investors likely bint Saif Al Thani, Qatar’s Permanent Representative to DOHA: Authorities are mull- the protection mechanism may the United Nations, received ing ways to insure bank depos- be put in force after completing the award on behalf of Sheikha its against risks of loss and legal and other formalities. Al Mayassa in a ceremony at provide protection to other There is also a possibility that the UN headquarters in New investors. an environment may be created Yo rk . The idea is to boost the confi- whereby ombudsmen could be Sheikha Alya expressed dence of bank customers and the appointed to look into investor gratitude and appreciation of banking industry and promote complaints, including those by Crowds celebrate after Qatar defeated Lebanon in a friendly football match at Lekhwiya Stadium in Doha Sheikha Al Mayassa to the investments in other avenues. bank depositors. yesterday. Qatar won 5-0. On Monday, Qatar defeated Uzbekistan 3-0 in a friendly and will face Australia on foundation’s committee for An extensive, joint study con- It is not known if the protec- October 14 and take on South Korea on November 6. WASFY presenting her with this year’s tinues at the behest of the major tion system would provide guar- Report on page 22 award. regulatory bodies concerned antees by way of insurance for a During a speech after with banking and financial serv- minimum level of bank deposit receiving the award, Sheikha ices, securities and insurance or entire deposits. Alya said Sheikha Al Mayassa businesses. Many countries provide guar- had set an example of how They include the apex regu- antees against loss of minimum Calls for more mid-range hotels Arab women can assume lead- lator, Qatar Central Bank deposit amounts. ing positions and contribute (QCB), Qatar Financial Markets Contacted by this daily, a sen- significantly to the progress Authority (QFMA) and Qatar ior banker said he didn’t think of their countries. Financial Centre Regulatory protection for deposits was as number of GCC visitors rises She said Sheikha Al Mayassa Authority (QFCRA). needed since banks were highly is a prominent figure encour- Al Sharq reported yesterday liquid. DOHA: With a significant rise however, believe that the high cost the GCC countries, in coordi- aging arts and culture in Qatar that the study aims to create “Liquidity has never been an in the number of other GCC cit- of hotel accommodation remains a nation with Qatar Airways and and Islamic arts worldwide. an environment of protection issue with banks in Qatar. izens spending their holidays in deterrent for the growth of tour- Qatar Tourism Authority,” the She also highlighted Sheikha and confidence for banking and “In fact, the country has high Qatar, calls have been made to ism in Qatar and the solution is daily said, quoting a senior offi- Al Mayassa’s role in enhancing financial services sector custom- surpluses,” said the banker on establish more mid-range hotels establishment of more two- and cial of a hospitality firm based in capacities of youth and women ers and investors. grounds of anonymity. in the country to attract more three-star facilities, said the daily. Doha. to enable them to become com- The proposed protection sys- But top economist and invest- tourists. In the absence of adequate He said the opening of Hamad munity leaders, referring to tem is to be part of a new strate- ment analyst, Abdullah Al Several hotels here have number of tourists, hotels here International Airport with a cur- her chairpersonship of Reach gic plan for Qatar’s fast-evolving Khater, welcomed the proposal reported 100 percent occupancy have to survive on conferences rent annual capacity of about 28 Out to Asia. banking and financial services although it was ‘belated’. during this Eid, which many say and exhibitions. Cheap and mid- million passenger has given a Sheikha Alya also drew par- sector and the capital markets. “A protection system would is an all-time record. range hotels can provide more major boost to the development ticipants’ attention to Sheikha Such systems in major coun- provide the much-needed confi- About 50 percent of the guests options for tourists and attract of tourism in Qatar. Al Mayassa’s role as a mem- tries around the world are being dence to depositors and investors constituted Saudis, most of whom more locals as well as foreign- Experts say the high cost of ber of the World Heritage studied and proposals discussed as well as service providers,” he arrived with their families, the ers falling in the middle-income land in the country is the major Committee through which she with local banks and other agen- said. local Arabic daily, Al Arab, bracket, they felt. factor forcing investors to focus has sought to develop and pro- cies concerned. According to Al Khater, Qatar reported, quoting sources from “Two- and three-star hotels only on five-star facilities. They mote museums, arts and herit- Under new rules being framed, should have implemented the the hospitality industry. can attract more visitors. The believe that this is the only way age according to international banks would be asked to treat insurance system for bank depos- Visitors from the UAE came main issue is cost of accommoda- to recover their money in a short standards. customer details highly confi- its after the global financial crisis second, while a number of Qataris tion since fuel prices and airfares period. Women Together is an inter- dential, Al Sharq quoted banking triggered by some Western banks and expatriates also chose to remain stable. Cost of land forms about 50 national foundation established industry sources as saying. raised its head in 2008. spend part of their holidays at “Hotels should come out with percent of the construction cost. in 1996 in partnership with the The study is expected to be THE PENINSULA hotels and resorts. special offers during festive sea- THE PENINSULA UN. QNA approved sometime next year and Continued on page 3 Experts from the industry, sons and advertise them all over Continued on page 2 67 killed in Yemen attacks Rains, thunder Doha short-listed for New7Wonders Cities DOHA: Doha has made it to the list of 14 finalists in the last round likely today of the New7Wonders Cities global campaign. The seven Official New7Wonders Cities will be announced on December 7. DOHA: Some areas in the Doha is the only GCC city short-listed from over 1,200 nominees country could likely witness from over 220 countries. Announcing the finalists at the New7Wonders rains accompanied with thun- headquarters in Munich, Germany, Bernard Weber, Founder-President, der today, according to the New7Wonders, said “The short-list is as inspiring as it is enlighten- weather bureau. ing.” Other finalists include Barcelona (Spain), Beirut (Lebanon), Although day temperature has Chicago (US), Durban (South Africa), Havana (Cuba), Kuala Lumpur begun coming down, the day today (Malaysia), La Paz (Bolivia), London (UK), Mexico City (Mexico), is likely to be relatively hot, the Perth (Australia), Quito (Ecuador), Reykjavik (Iceland) and Vigan bureau said in a forecast. (The Philippines). Full report on page 2 Maximum temperature is fore- cast at 36 degrees C and the mini- French writer Modiano wins Nobel prize mum at 29. A highlight these days is that STOCKHOLM: The French novelist Patrick Modiano, 69, was the difference between day and hailed yesterday as a Marcel Proust of our time as he was named the night mercury levels has started 2014 winner of the Nobel prize for literature. The Swedish Academy narrowing down. It is just six said it was celebrating Modiano’s “art of memory’’, rewarding a degrees considering that the writer who repeatedly returns to the same themes and subjects: maximum temperature will be Memory, identity and alienation rooted in the trauma of the Nazi People flee after a suicide bomber killed at least 47 people at a Houthi checkpoint in the centre of the Yemeni 36 degrees today and the mini- occupation of France. See also page 9 capital Sana’a where Houthi supporters were preparing to hold a rally. In eastern Yemen, some 20 soldiers mum 29. During the peak summer THE PENINSULA/AGENCIES were killed in a suicide car bombing and gun attack on an army outpost by the militant group Al Qaeda in the months this difference can go up to 19 to 20 degrees at times. Arabian Peninsula. See also page 8 Inshore, it could be windy at times with wind direction being northeasterly. The wind can gather speed up to 25 knots at Al Wakra to hold vegetable mart three times a week from December times. Visibility will be four to eight DOHA: Beginning December, Al Wakra in a loose sense and the concept refers to 2015. Al Mazrooa markets are the brain- Due to huge popularity, the season for kilometres initially but could will hold a seasonal fresh vegetables agricultural produce. In Qatar’s context, child of the Ministry of Environment Al Mazrooa markets in Al Dhakhira and gradually worsen to 2km in areas market three times a week.