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Qatar's Forex Reserves Rise to $46.5 Bn

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Qatar's Forex Reserves Rise to $46.5 Bn TUESDAY DECEMBER 11, 2018 RABI AL-AKHIR 4, 1440 VOL.12 NO. 4480 QR 2 FINE Fajr: 4:46 am Dhuhr: 11:28 am HIGH : 26°C Asr: 2:26 pm Maghrib: 4:45 pm LOW : 22°C Isha: 6:15 pm Business 13 Sports 17 ‘Qatar considers selling dollar India win 1st-Test thriller bonds for benchmark purposes only’ to end 10-yr Oz droughts Amir to patronise mega AMIR LAUNCHES WEB PORTAL OF DOHA reservoirs project launch Qatar’s forex DOHA The Amir HH Sheikh Tamim bin Hamad al HISTORICAL DICTIONARY OF ARABIC Thani will patronise the launch ceremony of the Water Security Mega Reservoirs Project held by the Qatar General Electricity and Water Corpora- tion at the pumping stations in the Umm Salal Ali reserves rise on Tuesday. The project is considered one of the largest of its kind in the world. (QNA) Amir holds phone call to $46.5 bn: with Kuwait Amir DOHA The Amir HH Sheikh Tamim bin Hamad al Thani held a telephone conversation with the Amir of Kuwait HH Sheikh Sabah al Ahmad al QCB Governor Jaber al Sabah on Monday. During the phone call, the Amir inquired about the health and well- being of the Kuwaiti Amir. (QNA) Says reserves higher than the pre-blockade level SATYENDRA PATHAK fact that Qatar’s economy has shown Faculty of Dentistry DOHA resilience in the face of the blockade is evident from the fact that the coun- to be set up at QU QATAR’S foreign exchange reserves try’s real GDP grew by 2.5 percent in have risen above the pre-blockade level the first half of 2018 compared to 1.6 DOHA The Deputy Amir HH Sheikh Abdullah to $46.5 billion, Qatar Central Bank percent in 2017. bin Hamad al Thani, who is also Chairman of (QCB) Governor Sheikh Abdullah bin “Nominal GDP for the same period Qatar University’s Board of Regents, chaired the Saoud al Thani said on Monday. has also jumped by 14.6 percent, with Board’s second meeting for the 2018/2019 “Qatar’s international reserves inflation continuing at a low level of The Amir HH Sheikh Tamim bin Hamad al Thani launched the web portal of the Doha Historical Diction- academic year, at the Amiri Diwan on Monday. and foreign currency liquidity, which only 1 percent,” he said. ary of Arabic during a ceremony held on Monday. Organised by the Arab Center for Research and Policy The board approved the establishment of the had dropped by 20 The QCB gov- Studies of the Doha Institute for Graduate Studies, the ceremony was attended by Prime Minister and Faculty of Dentistry in line with Qatar National percent in the first ernor said total re- Minister of Interior HE Sheikh Abdullah bin Nasser bin Khalifa al Thani, Speaker of the Shura Council HE Vision 2030 and Qatar National Health Strate- few months after serves at commer- Ahmed bin Abdullah bin Zaid al Mahmoud and a number of ministers, senior officials, academics and gies 2011-2016 and 2018-2022, which recom- the siege, have re- cial banks in Qatar intellectuals, university professors, experts and linguists from Arab countries. (QNA) PAGE 20 mended the creation of the educational and covered and are now had grown by 5 per- training capacity of dentists in Qatar to provide a back to normal. The cent in the first nine sustainable workforce in this area. (QNA) reserves amounted months of 2018, a to $46.5 billion at sign that preventive the end of Septem- measures taken by ber this year, a level Qatari banks have higher than it was improved the resil- before the imposi- ience of the banking Three-fold rise in flu cases in Oct-Nov tion of the unjust system. siege, when it was He pointed out TRIBUNE NEWS NETWORK and January,” said Dr Khal. $45.7 billion at the QCB Governor Sheikh Abdullah bin that the current ac- DOHA O More than 6,800 respiratory samples have tested At the start of October, the end of May last Saoud al Thani count balance of pay- positive for the flu virus in Oct-Nov Ministry of Public Health, Primary year,” the QCB gov- ments also witnessed THERE was three-fold rise in the Health Care Corporation (PHCC), ernor said at the Euromoney Qatar a surplus of QR25.7 billion, or 7.6 per- number of seasonal flu cases in Oc- Virus O During the same period in 2017, the figure was 2,274 and HMC joined forces to launch a Conference. cent of GDP, in the first nine months of tober-November this year as com- national campaign to provide free The QCB governor also said that 2018 compared to a surplus of QR4.5 pared to the same period last year, Alert! O Over 75,000 people have been vaccinated so far flu vaccines to the public in Qatar. the country’s budget achieved a surplus billion, or 1.5 percent of GDP, during according to data. “To date, more than 75,000 peo- of QR7.1 billion in the first half of this the same period last year. Recent national data on this ple have been vaccinated against the year as compared to a deficit of QR35.4 The monetary policy implemented year’s seasonal influenza virus in- Medical Corporation’s (HMC) Dep- and November. During the same flu,” Dr Khal said, adding that “This billion in 2017. by QCB during the siege led to effec- dicates a much higher activity of uty Chief Medical Officer and Head period in 2017, there were only is very encouraging, but with the It was achieved despite the siege, tive management of the crisis reflecting the virus this winter as compared of Infectious Diseases, said this is 2,274 positive tests. So, it is clear severity of this year’s flu virus being he said, adding that the crisis has positively on the banking and financial to previous winters, resulting in worrying trend . that seasonal influenza is posing a clear for us, we encourage even more been overcome and the country’s sector, he said. many more people becoming sick “There have been more than greater threat to the health of peo- people to get their free vaccine.” economy has emerged stronger than due to the flu. 6,800 respiratory samples testing ple in Qatar this year. The is expect- what it was before June 5, 2017. The See also page 13 Ô Dr Abdullatif al Khal, Hamad positive for the flu virus in October ed to get worse during December Continued on page 3 Ô Hassad invests Qatar-Indonesia ties at MoI set to open Qatar visa 20% in Global centre in Pakistan on Dec 19 Seafood Company all-time high, says envoy (PG 13 ) The relationships between Qatar The Ministry of Interior (MoI) in Oman and Indonesia have scaled new is readying to open its Qatar heights and are at an all- time high, Visa Center (QVC) in Pakistan with increased Qatari investments in on December 19. The Visa Indonesia in various sectors such as Support Services Department Malaysian PM telecommunications, energy, retail and has organised an introductory Aviation industry in praises Qatar’s banking, Ambassador of Indonesia to seminar for Pakistan Com- Qatar HE Muhammad Basri Sidehabi munity in Qatar and for those companies that employ large number of Qatar developing, role in fighting has said. “The bilateral trade volume Pakistani workers on procedures of QVC. says Sulaiti (PG 3 ) corruption (PG 2 ) of the two countries was recorded at $977.8 million (Jan-Aug 2018). There is a significant increase in the number of visitors from Qatar to Indonesia and vice versa. To date there are approximately 8,000 Indonesian professionals residing in Qatar with their families,” the ambassador said. (AILYN AGONIA) PAGE 4 Advisory Council approves decrees on Law Practice Act, QFMA (PG 2 ) Darb Al Saai activities to highlight Qatar’s rich heritage SANTHOSH CHANDRAN light of the festival this year. DOHA Darb Al Saai, a unique feature Police College eyes Guinness world of the Qatar National Day celebra- THE annual Darb Al Saai festivi- tions, attracts huge public atten- record by creating football model ties celebrating the Qatar National tion with its diverse and rich blend Day will feature more pavilions for of activities. DOHA The Police College will participate in the events of Dar Al Saai in celebra- government and public entities “We have expanded the venue tion of the Qatar National Day 2018, highlighting a number of new activities, and more entertain- this year to accom- in cooperation with the Supreme Committee for Delivery and Legacy. Major ment programmes modate more par- Fahad Saeed al Subaie, Director of Training Department, said that one of the and eateries than NATIONAL DAY ticipants and offer highlights of the event is the college’s attempt to set a new Guinness Book of previous years. wider space for World Records by creating a football model that symbolises the 2022 World The event will CELEBRATIONS each participant. Cup in Qatar, with the participation of a large number of citizens, residents and highlight the rich The preparations school students. He said about 33,500 coloured wooden pieces would be cultural heritage of for the festival installed to complete the art painting in shape of a football. PAGE 20 Qatar and its evolution as a mod- are in the final stages and every- ern state. thing, including parking area, will Bigger and wider pavilion of be ready for the festivities as per varieties of cuisines and several and activities that cater to all cat- Qatar General Electricity and Wa- scheduled,” a member of the or- food kiosks spread across the ven- egories and age groups.
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