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TUESDAY, JANUARY 29, 2019

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Qatar to launch MOUSHTARAYAT INITIATIVE A BIG HIT projects worth billions under PPP model, says Qatari companies win QR71 bn MoF official SATYENDRA PATHAK DOHA worth of contracts: MoF official QATAR will announce pro- jects worth billions of Qatari edition of Moushtarayat its riyal under public-private Fourth edition of Moushtarayat expo future programmes, espe- partnership (PPP) model in cially as it has investments several economic sectors such to begin on March 31, says QDB of more than QR40 billion to as food security, energy, in- be implemented over the next dustry and healthcare, Min- SATYENDRA PATHAK of Commerce and Industry. five years. istry of Finance Economic DOHA Building on the momen- Ansari pointed out that Policy and Research Director tum of preceding three edi- Ashghal has completed, over Saud bin Abdullah al Attiyah QATARI companies won pro- tions, the fourth edition of the last five years, a number of said on Monday. curement contracts worth ‘Moushtarayat’ is scheduled important programmes in the Talking to Qatar Tribune QR71 billion during the last to take place for three days construction and infrastruc- on the sidelines of a workshop three editions of the Gov- beginning on March 31 in col- ture sector, as it completed on ‘Qatar PPP Schools Pro- ernment Procurement and laboration with Qatar Devel- 400 km of 550 km planned gramme’, Attiyah said private Contracting Conference and opment Bank (QDB), Ministry highways, and completed 85 parties from both local and Exhibition (Moushtarayat), of Finance, Ministry of Com- of 130 major intersections to global markets will be invited Ministry of Finance Govern- merce and Industry (MOCI) be completed during the com- to take part in such PPP pro- ment Procurement Regula- and the Public Works Author- ing years. jects. tory Department Director Ab- ity (Ashghal). It also implemented 100 “We see PPP school pro- dulaziz Zeid Rashid al Taleb Aimed at inviting regis- of 160 bridges and tunnels, jects as a pilot to test PPP said on Monday. tered members of the private in addition to completing 245 mechanism in Qatar. We have Addressing mediapersons sector, particularly small and km of 600 km planned foot- plans to team up with inter- during a joint press conference medium enterprises (SME), Ministry of Finance Government Procurement Regulatory Department Director Abdulaziz Zeid Rashid al paths, and 245 km of 600 km national PPP companies to to announce the fourth edition to attend and participate in a Taleb (left) with other officials at a press conference to announce the fourth edition of Moushtarayat expo bicycle tracks. develop PPP skills in the coun- of Moushtarayat, Taleb said wide range of public tenders in Doha on Monday. (JALAL PATHIYOOR) It is worth mentioning try,” he said. contracts awarded to Qatari to be announced, a key aspect that Moushtarayat 2018 re- companies accounted for 67 of the conference is to educate attendees on the procedures tion is an important platform the rehabilitation of 101 na- corded a nationwide turnout percent of the total contracts the local SMEs about the pro- involved in partaking in fu- for SMEs to communicate tional industrial companies, of entrepreneurs, partici- issued by the government dur- cedures involved in existing ture tender and application with government agencies which have been accredited as pants from SMEs, members ing that period. public tenders extended by big processes successfully, so that and to identify tenders and major suppliers to Ashghal’s of the larger business com- “We expect more share for buyers, such as larger private members of the private sector contracts, thus opening the projects, all of which are na- munity and media personnel Qatari companies in billions sector companies, semi-gov- may become more active con- horizons of cooperation with tional companies with local at its pavilions, which were of dollars of contracts to be ernmental and governmental tributors to the diversification government agencies and investments and producing largely hosted by govern- awarded during the fourth edi- bodies. of the economy. winning their tenders. 132 items,” he said. ment and semi-government tion of Moushtarayat,” he said. This year’s conference and QDB Localisation Execu- Speaking on the occasion, He pointed out that the organisations. Taleb said since the issu- exhibition will provide SMEs tion Manager Mohammed al Ashghal Technical Office value of contracts between The exhibition also wit- ance of regulating bids and with many opportunities as Mansouri, who also addressed Manager Ahmed Ali al Ansari Ashghal and the accredited nessed the participation of tenders law, the ministry is- well as the platform to learn the media, said, “Moushta- said Ashghal has worked, dur- local companies increased by 40 exhibitors, and 2,000 job sued nearly 5,914 certificates about existing public tenders rayat 2019 will usher in a ing the past two years, with QR1.8 billion during the past opportunities for SMEs were to 1,990 local and foreign extended by big buyers. wave of new opportunities for QDB to launch initiatives to 20 months. created with an estimated companies, distributed to reg- In addition, Moushta- the government-private sec- support the private sector. Ansari said that Ashghal cumulative value worth up Saud bin Abdullah al Attiyah istered sectors at the Ministry rayat 2019 aims to educate tor cooperation. The exhibi- “These efforts resulted in will present during the next to QR6.5 billion. (HANSON K JOSEPH)

This strategy is aimed at ensuring greater participation of the private sector in the pro- motion of the national econo- my and to ensure that Qatar is After QR8 billion and a decade of innovation, self-reliant, he said. Earlier speaking at the symposium, Head of Techni- Vodafone Qatar on the cusp of 5G revolution cal Committee for the Encour- agement and Participation of the Private Sector in Eco- RAHUL PREETH Vodafone Qatar is primed 2030,” he added. nomic Development Projects DOHA to be at the forefront of the Diego Camberos, Voda- Khamis al Mohannadi said digital revolution taking fone Qatar’s Chief Operations that Qatar has been working TEN years ago, Vodafone Qa- shape in Qatar, having already Officer, who announced the on encouraging the private tar was a fledgling telecom invested QR8 billion in atten- launch of its new brand cam- sector to work in tandem with firm that was building up a dant infrastructure, research paign — “Giganet: The net- the public sector entities for network from scratch. Today, and technology over the past work of the future”, said, “The the last three years. it’s at the cusp of a 5G revo- decade, Sheikh Hamad said. digital era is well underway A ministerial group to sup- lution that will enable people While around 50 percent and with it comes a wide spec- port private sector and en- and businesses enjoy ultra- of the investment went into trum of opportunities that are courage partnership between fast internet in Qatar on a developing technologies re- changing and improving the the two sectors was formed in large scale. lated to “mobility”, the chief way people live, work and op- 2016, he said adding a great “It is exciting to imagine executive said, at least $1 bil- erate businesses.” deal has been made in this what the advances in the tech- lion was invested in provid- For the people of Qatar, area as projects worth QR26 nologies of tomorrow will be ing innovative offerings in the he said, Vodafone GigaNet is billion have been executed capable of,” Vodafone Qatar past two years. Vodafone Qatar CEO Sheikh Hamad Abdulla Jassim al Thani is flanked by COO Diego Camberos (right) a promise of a great digital ex- since then in many areas such CEO Sheikh Hamad Abdulla And at the forefront of and CTO Ramy Boctor, at an event held in Doha on Monday. (HANSON K JOSEPH) perience bringing the best of as food security, building and Jassim al Thani said on Mon- these innovations is Vodafone the world on their fingertips. construction, health, educa- day, at an event to mark the Qatar’s preparation to launch ing Al Waab, Abu Hamour, “5G is more than just is exploring the possibility of “For businesses, it is a tion, logistics, tourism and domestic telecom giant’s 10th 5G on a large scale in Qatar. Al Aziziya, Al Mamoura, Al about faster smartphones,” rolling out 5G as soon as pos- partnership for a better future industry. anniversary, which is falling Vodafone has achieved Rayyan, Katara Cultural Vil- Sheikh Hamad said, noting sible for the general public. supported by the latest tech- Describing Qatar PPP on March 1. huge progress in building its lage, Salwa Road, Souq Waqif the higher speeds that come “As we have since our be- nological solutions for growth Schools Programme as a for- This future envisioned 5G network, after switching it and Um Salal Muhammed. with this technology would ginning nearly ten years ago, and sustainability.” mal initiative that seeks to by Vodafone promises the on in August last year. It is one The technology will takeoff help realise possibilities such we will continue our strong Vodafone Qatar’s techno- promote public-private part- possibility of watching the of the first operators in the across the country on a large as automated drones or smart commitment to pioneer digi- logical milestones to date have nership, he said the desired 2022 FIFA World Cup virtu- world to go live with 5G com- scale soon, he said, adding homes or any realm that re- tal innovation in Qatar and positioned it at the forefront results from the project will ally from the comfort of one’s mercially and has rolled out that the company is exploring quires seamless interaction to be a leading contributor to of the digital era, said Ramy be the start of launching many room to offering gigabit capa- its 5G network in key locations ways to make compatible de- among machines a reality.” the bold and ambitious aims Boctor, Vodafone Qatar’s more quality projects of this bility at homes. across the country, includ- vices available in the country. He said Vodafone Qatar of the Qatar National Vision Chief Technology Officer. size in the country. Qatar-Japan Business Forum in Tokyo to boost trade ties: MoCI

through the adoption of meas- amended laws and new legis- sessions that will touch on a ries of Japanese companies in Trade volume between Qatar and ures aimed at boosting bilater- lations adopted by the state to number of key topics, includ- Qatar. al trade and joint investments, attract and encourage foreign ing the evolving legislative Qatar and Japan enjoy Japan reached $16 billion in 2018 creating efficient partnerships direct investments. framework in Qatar in addi- close trade and economic rela- and attracting new invest- The event will outline in- tion to business and invest- tions, which reflected positive- TRIBUNE NEWS NETWORK the forum is aimed at strength- ments to the Qatari market, Key event vestment opportunities in pri- ment opportunities available ly on the volume of bilateral DOHA ening joint cooperation, pro- the statement said. ority sectors to pave the way to Japanese companies. trade that amounted to nearly moting bilateral trade, invest- The forum provides an Discussions will also focus on for foreign investments in Qa- The sessions will also shed $16 billion in 2018. THE Ministry of Commerce ment and industrial relations important networking plat- infrastructure projects tar, particularly the country’s light on investment opportu- Currently, Japan ranks as and Industry (MoCI) and the and paving the way for new form that brings together associated with Qatar’s food industries as well as the nities resulting from projects Qatar’s leading trade partner, Japan Cooperation Centre for partnerships between the two Qatari and Japanese busi- preparations to host the 2022 industrial, tourism, education aimed at increasing Qatar’s accounting for 13.8 percent the Middle East, in coopera- countries, the MoCI said in a nessmen and representatives Fifa World Cup, successful and sports sectors. liquid natural gas (LNG) of the country’s total foreign tion with the Japanese Min- statement on Monday. of the private sector in both joint ventures, and the It will also pave the way production capacity, as well trade. istry of Economy, Trade and The forum brings together countries. success stories of Japanese for the ratification of new as opportunities relating to More than 35 fully owned Industry, the Qatar Cham- a large number of Qatari and It will familiarise attend- agreements and memoranda Qatari-Japanese cooperation Japanese companies are cur- ber and the Qatari Business- Japanese officials and busi- ees with the characteristics of companies in Qatar of understanding that will and joint ventures. rently operating in Qatar, in men Association, are jointly nessmen, decision-makers, the business environment in strengthen bilateral coop- Discussions will also focus addition to 23 joint Qatari- organising the Qatar-Japan investors and executives from Qatar, which represents an at- eration and contribute to the on infrastructure projects as- Japanese firms working in the Business Forum, in Tokyo on major companies. tractive destination for foreign vanced infrastructure. development of innovative in- sociated with Qatar’s prepa- fields of electrical equipment January 30. The event will contribute investment given the country’s The forum will also high- vestment areas, the statement rations to host the 2022 Fifa and appliances, petroleum Building on existing Qa- to strengthening ties and bol- significant assets, open econo- light Qatar’s attractive legis- said. World Cup, successful joint services, water desalination tari-Japanese partnerships, stering economic relations my, strategic location and ad- lative environment, as well as The forum will feature five ventures, and the success sto- and information technology. Economy & Business Tuesday, January 29, 2019 13 Nissan target of SEC inquiry after report of probe on exec pay REUTERS ber 19 in Japan, has been charged earlier reported that the US regulator QFC discusses global TOKYO with failing to disclose more than $80 was investigating the company’s dis- million in additional Nissan compen- closures on executive pay. The report, NISSAN Motor Co Ltd said on Mon- sation for 2010-2018 that he had ar- citing sources, said the SEC is examin- day it was the target of a US Securi- ranged to be paid later. Ghosn, swiftly ing whether the company maintained ties and Exchange Commission (SEC) dismissed as Nissan chairman after adequate controls to prevent improper trade issues at Davos inquiry, widening a scandal involv- the arrest, has denied wrongdoing. payments and whether lapses by Nis- ing the Japanese firm and its ousted Nissan was also charged by Japa- san violated US securities law. Sepa- Chairman Carlos Ghosn over his al- nese prosecutors for under-reporting rately, the Wall Street Journal report- leged financial misconduct. his pay, and has since pledged to ed that the SEC also sent a request for Global economy faces growing uncertainty due to pressures Ghosn, first arrested on Novem- overhaul its governance. Bloomberg information to Ghosn. across a variety of industries, says QFC Authority CEO

TRIBUNE NEWS NETWORK DOHA Of $11 bn US shutdown THE Qatar Financial Centre (QFC), one of the world’s leading and fast- est growing onshore business and financial centres, addressed key loss, $8 bn recoverable issues on international trade and climate during a roundtable organ- ised by the International Chamber REUTERS of Commerce on the sidelines of the WASHINGTON World Economic Forum (WEF) in Davos, Switzerland. THE US economy took a hit from Yousuf Mohamed al Jaida, CEO, the 35-day partial federal govern- QFC participated in the ICC discus- ment shutdown over President sion as part of an invitation by the Donald Trump’s demand for bor- ICC Qatar Chairman, Sheikh Khalifa ICC Qatar Chairman QFC Authority CEO der wall funding, but much of the bin Jassim al Thani. Sheikh Khalifa bin Jassim al Thani Yousuf Mohamed al Jaida lost ground will be made up now He was joined by other high-lev- that 800,000 federal employees are el officials and business representa- growing uncertainty due to fluctuat- sists in the process of obtaining a back on the job, congressional re- tives, including Roberto Azevêdo, ing pressures across a variety of in- licence and offers support in mat- searches said on Monday. Director-General, World Trade dustries. This necessitates thought- ters related to operating a business Overall, the US economy lost Organisation (WTO); John WH ful discussion on the opportunities in Qatar. about $11 billion during the five- Denton AO, ICC Secretary General; and challenges. We are pleased to Firms registered at the QFC en- week period, the nonpartisan Con- Takehito Matsuo, Director General take part in these discussions as we joy competitive benefits, such as gressional Budget Office said. But for Trade Policy (METI) in charge of recognise the growing importance of working within a legal environment CBO expects $8 billion to be recov- G20 Japan; Sean Doherty, Head of collectively addressing key issues af- based on English common law, the ered as the government reopens and International Trade and Investment, fecting global trade.” right to trade in any currency, up federal workers receive back pay. World Economic Forum, and others. The QFC is an onshore jurisdic- to 100 percent foreign ownership, The CBO said the cost of the US President Donald Trump. The delegates discussed key is- tion, which endeavours to promote 100 percent repatriation of profits, shutdown will make the US econ- sues facing the global trade ecosys- Qatar as an attractive business des- 10 percent corporate tax on locally omy 0.02 percent smaller than ex- A committee of lawmakers from if lawmakers don’t reach an accept- tem. tination. Companies that wish to sourced profits and an extensive pected in 2019. But researchers said both parties hold their first open able deal, but on Sunday expressed Yousuf Mohamed al Jaida, Chief establish a business at the QFC are double taxation avoidance agree- more significant effects will be felt meeting on Wednesday as they skepticism that such an agreement Executive Officer, QFC Author- guided throughout by a dedicated ment network with over 70 coun- by individual businesses and work- try to negotiate a compromise on could be reached. ity said, “The global economy faces QFC relationship manager who as- tries. ers, particularly those who went border security before the Feb. 15 He also left open the possibility without pay. deadline. The CBO estimated the of declaring a national emergency The longest shutdown in US his- shutdown reduced gross domestic to get money for the wall, an ex- tory ended on Friday when Trump product in the last quarter of 2018 traordinary move that Democrats and Congress agreed to temporary by $3 billion. and some Republicans have vowed QETF gets 20% return in 2018; outperforms government funding - without money It said that in the first quarter to fight and that would likely face a for his wall - as the effects of the shut- of 2019, the level of real GDP is es- court challenge. Federal workers are down intensified across the country. timated to be $8 billion lower than expected to get paid this week for most exchange traded funds in the world Trump had demanded that it would have been, citing “an effect the five weeks of missed paychecks. legislation to fund the government reflecting both the five-week partial Federal contractors and businesses TRIBUNE NEWS NETWORK yielding 4.46 percent to investors. contain $5.7 billion for his long- shutdown and the resumption in that relied on federal workers’ busi- DOHA The QETF also boasts one of the promised wall along the US-Mexico economic activity once funding re- ness, however, face huge losses, al- lowest total expense ratios (TER) border, which he says is necessary sumed.” though some lawmakers are push- THE Qatar Exchange Traded Fund among emerging market ETFs, with to stop illegal immigration, human Trump said he would be willing ing legislation to pay contractors (QETF) achieved a total return of 0.50 percent in TER. The QETF trafficking and drug smuggling. to shut down the government again back as well. 20 percent during the year 2018, was able to provide for a minimal outperforming most exchange trad- tracking error of about 0.32 percent ed funds (ETFs) in the world, it said compared to the tracked index. in a press statement on Monday. Commenting on the perfor- The QETF is a Qatari domiciled mance, Doha Bank CEO, Dr R Tesla set to post first-quarter loss after Musk warning fund listed on the Qatar Stock Ex- Seetharaman, said: “The achieve- change and is one of the largest ment is the culmination of untiring REUTERS quarter “with great difficulty, effort Europe and Asia,” said Gene Mun- ETFs in the Gulf Cooperation Coun- efforts of various parties who con- NEW YORK and some luck.” He also forecast ster from Loup Ventures in a note cil (GCC). tributed to the QETF’s success in its a profit for the fourth quarter, al- on January 24. The QETF was founded by Doha Doha Bank CEO Dr R Seetharaman. first year of operations. WALL Street analysts expect Tesla beit down from the third quarter’s The company has said it would Bank and managed by Amwal, LLC. “This is a testament of the Inc to forecast a loss for the first $311.5 million. begin delivering Model 3s to Eu- The Fund follows a passive rep- strength of the Qatari economy and quarter when it reports results The analyst consensus on Jan. rope and China in February. lication strategy in tracking the QE uted to the QETF performance as market resilience post-blockade. on Wednesday, having changed 21 turned to a loss for the first quar- Musk’s dependency on “luck” index, which comprises 20 largest the QE Index finished as the sec- The QETF is an excellent tool for their expectations for a profit after ter and stands at $2.5 million. Ana- to be barely profitable while sell- companies by market capitalisation ond best performer globally in 2018 portfolio diversification and the Chief Executive Officer Elon Musk lysts on average were expecting Te- ing its long-range Model 3 to Eu- listed on the Qatar Stock Exchange, both in price and total return, over most efficient way for any inves- warned of a “very difficult” road sla to post a profit of $62.80 million rope and China and the mid-range the press released said. 21 percent and 27 percent respec- tor, whether local or international, ahead. on a reported basis as of January 17, Model 3 in the US calls into ques- The QETF seeks to generate tively (in USD). to participate in the growth of the On January 18, Musk an- according to Refinitiv data. tion the company’s ability to make returns through capital apprecia- The fund distributed dividends Qatari market, one of the best per- nounced thousands of job cuts and “One potential rationale for the profits when it finally starts selling tion and dividend distribution. This QR 4.25 per unit during the sec- forming markets in the world in said the electric car maker was company guiding to a loss in March its long-promised $35,000 vehicle, benchmarking to the index contrib- ond quarter of (2Q18) of its listing, 2018.” targeting a “tiny profit” in the first is the timing of vehicles in transit to analysts said. Mitsubishi Montero Sport .. the SUV like no other

TRIBUNE NEWS NETWORK DOHA

QATAR Automobiles Company, the authorised general distributor of Mitsubishi Motors in Qatar is pleased to introduce its Montero Sport in Qatar. This SUV is even more desir- able to drive home safe and com- fortable. The design of Montero is sporty. Its sophisticated LED headlamps and daytime running lamps contribute to an appealing, high-quality personality. DYNAMIC LED rear combination lamps boldly proclaim this is no ordinary SUV. The interior provides premi- um comfort. Adventure calls from the well-appointed cockpit, which surrounds you with solid crafts- manship, supportive comfort, in- telligent features and a wide-open view. From refined meters to so- phisticated floor console, every feature is fine-tuned to enhance driving pleasure and keep you in confident control. that helps prevent a frontal colli- The body is extremely sturdy on the high-res 6.1-inch display mountain roads. Improve traction when driv- The Montero Sport boasts sion or reduce damage if the colli- and lightweight, due to the gen- and music from your audio player The 8-speed automatic trans- ing off road by entering the gravel, an array of safety features such sion becomes unavoidable. erous use of high tensile strength via USB. Besides, the special fea- mission guarantees a smoother, mud/snow, sand or rock setting. as safety adaptive cruise control The ultrasonic misacceleration steel plates that also contribute to tures include display views from more luxurious ride and improved Simply press the off-road mode (ACC) that maintains a selected mitigation system (UMS) helps a high level of collision safety. the rear view camera and rear en- fuel efficiency, choose the 8-speed selector until the appropriate distance between your vehicle and prevent collisions while parking, a Montero Sport includes a tertainment system. automatic transmission — the mode appears in the multi-infor- the car ahead via radar to lend buzzer sounds and a warning dis- variety of comfort features that Using the drive mode selector first from Mitsubishi Motors. mation display. driving assistance and enhance plays if front or rear sensors detect makes the driving pleasure sec- dial, you can switch between 2WD The sporty paddle shifters let Engine output, transmis- driving comfort. It especially re- a nearby obstacle. Engine output ond to none. These include steer- (2H) and 4WD (4H, 4HLc) with you shift gears with a press, with- sion settings and braking adjust duces driver stress during slow is also controlled if you suddenly ing switches, electric parking shift-on-the-fly convenience at up out removing your hand from the accordingly to optimise perfor- traffic jams on highways. accelerate by accident. brake, USB port (for charging) & to 100km/h. When the going gets steering wheel. mance. The blind spot warning system Q The engine output control seatback pocket, keyless opera- rough, lock the centre differential Pressing the HDC mode se- Active stability & traction con- (BSW) uses ultrasonic sen- activates: tion key, engine switch, dual-zone by entering the 4HLc setting for lector activates HDC, which au- trol independently regulates brak- sors on the rear bumper to detect QWhen driving at very low automatic climate control air con- rugged terrain or the 4LLc setting tomatically applies the brakes ing force to the wheels during cor- vehicles in your rear blind spots, speeds (not in N or P position) ditioner, and powerful front and for inclines, mud, sand and snow. to maintain your current speed nering to help maintain excellent on the right and left sides. When a QWhen obstacle/vehicle is rear air flow. Montero sports has a powerful when travelling downhill at 2 vehicle stability when needed. vehicle is detected, a warning indi- within a short distance These features are comple- 3.0-Litre V6 Mivec engine. Tough ~ 20km/h. This lets you con- It also optimises traction to cator appears on the door mirror QWhen accelerator pedal is mented by entertainment system and powerful, the high-displace- centrate on steering and travel prevent loss of torque whenever on that side. pushed hard or abruptly that encompasses a wide 2DIN ment V6 engine supplies strong downhill with greater safety with- wheel spin is detected by control- Other features include forward QWhen driver is not turning to AM/FM, DVD and CD display au- acceleration even when carry- out having to manually apply the ling engine output and applying collision mitigation system (FCM) avoid obstacle/vehicle dio that make you enjoy movies ing heavy loads or travelling up brakes. brake force to the spinning wheels. 14 Tuesday, January 29, 2019 Economy & Business Global stocks slide ‘Artic’, Swiss-Belhotel sign on China worries, rising supply hits oil agreement for Swiss-Belinn Doha

REUTERS trial Average fell 305.38 NEW YORK points, or 1.23 percent, to The 129-room and three-star hotel is expected to be operational by April this year 24,431.82. The S&P 500 lost STOCK markets slid world- 29.32 points, or 1.10 percent, wide on Monday as reduced to 2,635.44 and the Nasdaq TRIBUNE NEWS NETWORK outlooks from Caterpillar and Composite dropped 97.01 DOHA Nvidia Corp underscored in- points, or 1.35 percent, to vestor concerns about China’s AL Rayyan Tourism Invest- economy, while oil headed for ment Company ‘ARTIC’, one of its biggest one-day drop in a Big losses the leading international hotel month on evidence of more investment companies, and growth in US crude supply. O The FTSEurofirst 300 Swiss-Belhotel International Equity markets also were index falls 0.92 percent, have announced the signing hammered by a plunge in while MSCI’s all-country of a management agreement Brazilian miner Vale SA that index declines 0.81 for the Swiss-Belinn Doha in wiped out about $13.8 billion percent Qatar. in market value after a tailing This beautiful 129-room dam collapsed last week and OEmerging market stocks hotel is among the very few killed at least 60 people. Vale loses 0.48 percent internationally-managed shares dropped 16.9 percent three-star hotels in Doha and in New York trade. Dow Jones Industrial is expected to be operational The dollar fell against a Average falls 305.38 by April 2019. basket of currencies as traders points, or 1.23 percent, to The signing also marks awaited the Federal Reserve’s 24,431.82 Swiss-Belhotel International’s two-day policy meeting and expansion in Doha ahead of Sino-US trade talks. O US crude down 3.37 the 2022 World Cup. The euro reached a 10-day percent to $51.88 per Enjoying an excellent loca- high against the dollar ahead barrel as Brent was last at tion in Al Sadd, which boasts of voting in Britain’s Parlia- $59.86, down 2.89 the Al Sadd Sports Complex ment on Tuesday that aims to percent as well several malls and oth- break the Brexit deadlock. er attractions, Swiss-Belinn Caterpillar, a bellwether Doha will be the ideal choice for global industrials, fell 7.9 7,067.85. Emerging market for travellers. percent as its quarterly profit stocks lost 0.48 percent. The hotel is well-equipped widely missed Wall Street es- Equity markets have to cater for corporate meet- timates on softening Chinese solid underpinnings with ings, weddings and other spe- demand, a strong dollar and fourth-quarter earnings look- cial occasions with outstand- higher manufacturing and ing good, a likely truce in the ing event facilities including freight costs. Nvidia slid 12.02 US-China trade talks and the a superb banquet hall and a percent after the chipmaker Fed sounding a dovish mes- meeting room. On site are also cut its fourth-quarter revenue sage, said Laura Kane, head two outstanding food and bev- estimate by half a billion dol- of investment themes for erage outlets. lars, hit by weak demand for the Americas at UBS Wealth Tarek El Sayed, Chief Ex- The signing agreement marks Swiss-Belhotel International’s expansion in Doha ahead of the 2022 World Cup. its gaming chips in China and Management. But volatility ecutive Officer and Manag- lower-than-expected data has picked up as investors fret ing Director of ‘ARTIC’, said, Gavin M Faull, Chairman dle East, Africa and India, centre sales. about an economic cycle that “Swiss-Belhotel International A tourist attraction and President of Swiss-Bel- Swiss-Belhotel International, “With Caterpillar blaming is long in the tooth. is a leading hospitality group hotel International, said, “We said, “We are very pleased to China, investors are expecting “We’re more optimistic. and we are very pleased to as- O Swiss-Belinn Doha will be the ideal choice for travellers are delighted to partner with expand our footprint in the to see more companies do the But the complication of vola- sociate with them to operate as it is situated in an excellent location in Al Sadd, which Al Rayyan Tourism Invest- region with a unique offering same through the week,” said tility being uncomfortable Swiss-Belinn Doha. boasts the Al Sadd Sports Complex, malls and other ment Company and grateful such as Swiss-Belinn Doha. Peter Cardillo, chief market and the fact we’re later cycle, “We believe the Swiss- attractions to the Group for giving us the The hotel has been de- economist at Spartan Capital that’s why we’re seeing these Belinn brand is a perfect fit to opportunity. The Swiss-Belinn signed to deliver an enjoyable Securities in New York. larger reactions to market match the growing demand O The hotel is well-equipped to cater to corporate brand is one of our growth experience with superb facili- The FTSEurofirst 300 in- news than we’re used to,” for quality midscale accom- meetings, weddings and other occasions with outstanding drivers in the midscale hotel ties to travellers at an afford- dex of leading regional shares Kane said. modation and banqueting event facilities including a superb banquet hall and a segment and has been consist- able price. In keeping with the fell 0.92 percent while MSCI’s US crude fell 3.37 percent facilities in Doha and are con- meeting room ently earning top guest satis- growing demand for mid-mar- all-country world equity index to $51.88 per barrel and Brent fident Swiss-Belinn Doha will faction scores.” ket hotels, we have accelerated declined 0.81 percent. was last at $59.86, down 2.89 be a great success.” Laurent A Voivenel, Sen- our expansion in the segment The Dow Jones Indus- percent. The signing not only tel International’s mid-scale also positions it for continued ior Vice President, Operations and have some strategic pro- strengthens the Swiss-Belho- portfolio in the region but growth. and Development for the Mid- jects lined up.” China brings US tariff dispute to WTO, berates Washington for blocking judges Maxus D90, the 5-star safety REUTERS the U.S. official said. car is available in Qatar GENEVA The complaint seeks to block China’s case, like others launched recently, may soon become CHINA triggered the legal process US tariffs imposed on Chinese impossible to resolve because of US TRIBUNE NEWS NETWORK on Monday for the World Trade imports in a trade war between action that has halted the appoint- DOHA Organization to hear Beijing’s chal- the world’s two largest econo- ment of judges to hear appeals in lenge to US tariffs imposed on $234 mies launched under President trade disputes. AUTO Class cars, the authorised billion of goods, and berated the Donald Trump Washington says judges have general distributor of Maxus in United States for blocking the ap- routinely broken WTO procedure Qatar and a subsidiary company pointment of judges who could rule and exceeded their mandate. It re- of Nasser Bin Khaled Holding, is on it. iterated its position at Monday’s proud to introduce the all-new A Chinese trade diplomat told a The United States started to im- meeting, while China and 70 other Maxus D90 in Qatar. WTO meeting that China wanted an pose 25 percent additional tariffs on WTO members reiterated their call The new SUV concept is an ex- expert panel to adjudicate its com- approximately $34 billion of Chi- for the United States to stop block- cellent example of the innovation plaint, launched in April last year. nese imports from July 6, 2018, and ing the appointment of judges. of Chinese auto brands and recent- The complaint seeks to block US tar- imposed 10 percent additional tar- There are only three judges left ly received a five-star recognistion iffs imposed on Chinese imports in iffs on approximately $200 billion on the WTO’s Appellate Body, the in terms of safety from the ANCAP a trade war between the world’s two of Chinese imports from September top court of world trade, and two will safety ranking. largest economies launched under 24. China has responded with tariffs step down in December. The Maxus D90 is the first President Donald Trump. on US goods. WTO rules require three judges smart and customisable vehicle “This is a blatant breach of the The US official at the meeting to hear appeals. type, which can be mass-produced. United States’ obligations under the said China was using the WTO sys- China said the US action to halt It is representative of the compa- WTO agreements and is posing a tem as a shield for trade-distorting the appointment of judges was il- ny’s products targeted at the mid- systemic challenge to the multilat- policies, and China was damaging legitimate. It cited WTO rules that dle and high-end SUV market, and eral trading system,” China’s repre- the world trading system through say “vacancies shall be filled as they represents the collective wisdom sentative said, according to a tran- “grossly unfair and trade-distorting arise”. of users, designers and engineers. script. forced technology transfer policies Brazil’s representative told the The Maxus D90 has accom- “If the United States were free to and practices and through this un- meeting: “If nothing is done (we) plished five stars in the ANCAP continue infringing these principles founded dispute”. will witness the shutdown of an or- safety rating, making it one of the without consequences, the future vi- “It is China, and certainly not the gan that is at the heart of the WTO safest cars in its SUV category. ability of this organisation is in dire United States, that is threatening the dispute settlement system. Time is With top scores in all seg- peril.” overall viability of the WTO system,” of the essence.” ments, the ANCAP report shows the Maxus D90 scored high grades in all tests. Starting from the dual frontal, side and head airbags the D90 scored 14.5 out of 16 in the Facebook tightens paid ads rules ahead of EU polls frontal offset test that includes head/neck, chest, and upper and REUTERS to seven years. This will contain lower legs tests. In the side impact BRUSSELS Facebook said that the transpar- information such as the amount test, the vehicle scores 16 out of 16. ency tools for electoral ads of money spent and the number of The side impact test normally FACEBOOK said on Monday it will would be expanded globally impressions displayed, who paid used by ANCAP simulates a small beef up its rules and safeguards for them and the demographics of car, striking the driver’s door of the try is transforming from the model Apart from features such as di- around political adverts to prevent before the end of June, while the those who saw them, including age, test vehicle. In the pole test, which of “business to customer” (B2C), amond-shaped stitching, 21-inch foreign interference in elections, tools would be in launched in gender and location. detects the side curtain airbags, where the car manufacturers pro- wheels, a 3D dashboard and 12.3- including those in Europe this year. India in February before its elec- The new tools, which will be the vehicle scored the maximum duce vehicles on a large scale and inch screen, the D90 has had its The world’s largest social net- tions and in Ukraine and Israel launched in March, will also cover two points for head protection. market them to customers, to ‘cus- length adjusted from 5.2 metres to work has faced pressure from before polls in both ‘issue ads’ which do not explicitly Whiplash protection is as- tomer to business’ (C2B), where 5 metres to make itself more suit- regulators and the public after last back one candidate or political par- sessed to the RCAR Protocol. The users’ participation becomes an able for driving in cities, and also year’s revelation that British con- ty but which focus on highly politi- D90 showed high abilities of safety essential part of the manufactur- all seats except the driver’s seat are sultancy Cambridge Analytica had aim to help protect the integrity of cised topics like immigration. with good mark, the highest in ing process and their individual now movable –– offering a more improperly acquired data on mil- European Union elections due to be Facebook said it will also set up ranking. demands are fully considered. flexible interior of the vehicle for lions of US users to target election held this spring. two new regional operations cen- In the pedestrian protection, During the production of the passengers. advertising. Facebook said that the trans- tres focused on monitoring elec- this vehicle scored 27.37 out of 36 SUV D90 concept car, more than The intelligent-connected sys- “We will require those want- parency tools for electoral ads tion-related content in its Dublin points (Acceptable). The bonnet 1,000 users participated in an of- tem enables functions such as auto ing to run political and issue ads to would be expanded globally before and Singapore offices. provided predominantly ‘good’ or fline survey and over 300,000 us- payments, online music, online be authorised, and we will display the end of June, while the tools Clegg denied that Facebook ‘acceptable’ protection to the head ers took part in the test drives of navigation, remote control and a ‘paid for by’ disclaimer on those would be in launched in India in sells users’ data. of a struck pedestrian. The protec- different products via its interac- voice interaction. The vehicle’s ads,” Facebook’s recently-appoint- February before its elections and “Selling people’s information tion of the pelvis area was mostly tive platform, putting forward sug- distinctiveness also includes the ed head of global affairs Nick Clegg in Ukraine and Israel before polls to advertisers would not only be ‘good’, while the bumper showed gestions for the product’s 18 speci- ability to customize almost all key told a news conference. in both. The tools are similar to the wrong thing to do, it would un- ‘good’ results for leg impacts. fications. Based on customers’ functions and configurations. In Clegg, a former British deputy those adopted for the US mid-term dermine the way we do business, The D90 is a pioneer product feedback, SAIC Maxus incorporat- the future, it will offer choices of prime minister hired by Facebook elections, Clegg said, adding that because it would reduce the unique of SAIC Maxus, which adopts the ed the driving experience of luxury vehicle type, rim, seat layout, ex- in October last year, said the new all political ads will be stored in a value of our service to advertisers,” C2B model. The automobile indus- and sports SUVs to the D90. haust and interior decoration. tools to be launched in late March publicly searchable library for up he said. www.guide.com.qa  Tuesday January 29, 2019

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