Qatari Stocks Set to Lure $5 Bn in Foreign Funds
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WEDNESDAY DECEMBER 5, 2018 RABI AL-AWWAL 27, 1440 VOL.12 NO. 4474 QR 2 FINE Fajr: 4:42 am Dhuhr: 11:25 am HIGH : 26°C Asr: 2:24 pm Maghrib: 4:44 pm LOW : 20°C Isha: 6:14 pm Business 12 Sports 16 Eventful fourth quarter for Qatar Kipchoge, Ibarguen are Central Securities Depository 2018 Athletes of the Year 2019 BOOK FAIR OCCUPIES A CENTRAL POSITION ‘Amir’s visit to Malaysia ON QATARI CULTURAL SCENE: AMIR will boost bilateral ties’ THE Amir HH Sheikh Tamim bin Hamad al Thani has af- QNA includes the distribution of the firmed that the Doha Inter- KUALA LUMPUR awards of the third edition of the national Book Fair occupies Sheikh Tamim Bin Hamad Al Tha- a central position on the THE visit of the Amir HH Sheikh ni International Anti-Corruption Qatari cultural scene. Tamim bin Hamad al Thani to Ma- Excellence Award. Malaysia has “Today I was delighted laysia is of great importance in the been selected as a place to distrib- to visit the Doha Interna- light of Qatar’s policy to expand its ute the awards in recognition of tional Book Fair, which is relations with friendly countries the efforts of the Malaysian gov- central to the Qatari cultural in political, economic and cultural ernment that launched an exten- scene,” the Amir said in a spheres, Qatar’s Ambassador to sive anti-corruption campaign in tweet. “We build more indi- Malaysia HE Fahad bin Moham- the country since it took office, the vidual and collective aware- med Kafood has said. envoy said. ness and transform free In a statement to Qatar News hance the excellent relations be- He said the award will be given reading into a lifestyle that Agency, he said Qatar’s relation- tween the two countries. to four people from different coun- is moving towards prosperity ship with Malaysia dates back to He said the visit will include tries who have done outstanding and development,” the Amir decades and it is a relation that an in-depth official talks between work in the fields of Lifetime/Out- said in the tweet. encompasses all aspects and has the Amir and the Malaysian Prime standing Achievement, Innova- The Amir visited the witnessed exchange of visits at dif- Minister Mahathir Mohamad on tion, Youth Creativity and Engage- 29th Doha International ferent levels. Thursday. The talks, he said, will ment and Academic Research and Book Fair at Doha Exhi- This is the second visit of the be of great importance in laying Education. bition and Convention Amir, and it is a clear indication solid foundations for enhancing Ambassador of Malaysia to Qa- Center on Tuesday. The of the depth of the relationship be- bilateral relations and exploring tar HE Ahmad Fadil bin Shamsud- Amir toured the pavilions tween the two countries, he added. opportunities to develop politi- din said the Amir’s visit to Malay- and was briefed on the “The relationship is based on cal coordination, cooperation and sia on Wednesday will strengthen participation of various the principles of mutual respect for economic relations between Qatar the existing relations between the government organisations the sovereignty of states, noninter- and Malaysia. two countries. and cultural institutions, ference in internal affairs and the The visit also will be an occa- “I foresee that under the new as well as Arab, Qatari and establishment of the best relations sion for meeting Malaysia’s new government of Malaysia, there is a international publishing houses. The Amir was also briefed on the latest publications, books and manuscripts between them,” he said. leadership, which took power after strong political will to take the ex- displayed at the exhibition. (QNA) SEE ALSO PAGE 20 The ambassador expressed the the last elections held in May 2018. isting relations to a greater height,” hope that this visit will further en- The ambassador said the visit he said. Amir condoles Qatar World Cup games with Kuwaiti Amir Qatari stocks set to lure $5 bn could start at 1000 GMT DOHA The Amir HH Sheikh Tamim bin Hamad al Thani on World Cup matches in Qatar could kick-off as early Tuesday sent a cable of con- as 1000 GMT if it holds four games a day during the dolences to the Amir of Kuwait in foreign funds: QSE official 2022 tournament group stage, organisers confirmed HH Sheikh Sabah al Ahmad al Jaber al Sabah on the death of on Tuesday. The other three games Sheikha Bazza Mohammad al Ali ‘Qatar emerged as the best performing stock market this year’ would start at 1300, 1600 and al Malek al Sabah. (QNA) 1900 GMT, Nasser al Khater, SATYENDRA PATHAK QSE BREACHES jor financial centres in the Assistant Secretary General of the DOHA world like New York, Lon- Supreme Committee for Delivery Shura panel reviews 10,600 MARK don, Paris, Singapore and Media City draft law FOREIGN funds worth more others where there is pool and Legacy, told Qatar Television. than $5 billion are waiting to be DOHA The Qatar Stock Exchange of capital. The Qatari com- “There’s a proposition to hold four Doha The Information and infused into Qatar’s stock mar- (QSE) witnessed second con- panies should engage with matches a day - at 1300, 1600, Cultural Affairs Committee of ket, a senior official of Qatar secutive session of bull run to such long-term investors the Shura Council on Tuesday Stock Exchange (QSE) has said. breach 10,600-mark on Tuesday. and tell their growth stories 1900, and 2200 Doha time. reviewed the draft law on the In an exclusive interview Marked by an across- the- board to them not once but thrice This will be finalised with media city and decided to refer with Qatar Tribune, QSE buying, particularly in realty and or four times a year. That is FIFA,” he said. (AFP) its recommendation to the Shura Products and Marketing De- banking stocks, the QSE main the $5 billion that is waiting Council. The meeting was attend- velopment Director Mohsin index jumped 151.51 points, to hear your story. If we are ed by a number of representa- Mujtaba said foreign institu- or 1.45 percent, to close at successful in doing that, the tives from the Cabinet’s General tional investors have already 10,602.84 points, its highest fund will flow into the Qatari ‘Zero chance’ MBS not involved in Secretariat, where they explained invested more than $5 billion level in 20 months. PAGE 12 market,” Mujtaba said. the government’s point of view in Qatari stocks in the last few Mohsin Mujtaba. “Rising oil prices, in- Khashoggi killing: US Senators on the draft law. (QNA) years and another $5 billion is crease in local production waiting on the sidelines to en- percent till date. blockade has made the coun- and consumption have made AFTER a closed-door brief- ter Qatar’s equity market. The combined earnings of try one of the safest places in many Qatari-listed firms ing by CIA Director Gina This year alone, he said, for- QSE-listed companies in the the world to invest in, he said, perform better this year. Haspel on Tuesday, top US eign institutions have bought first nine months of this year adding that the listed firms Most of the energy-related senators said there is “zero Qatari equities worth $2.3 bil- have gone up by 6.7 percent, should capitalise on the coun- firms like Industries Qatar, chance” Saudi Crown Prince lion on net basis. compared with the same pe- try’s robust economic growth MPHC, Woqod have outper- Mohammed bin Salman Despite facing economic riod last year. “We expect this to attract foreign funds wait- formed. Qatar National Bank (MBS) wasn’t involved in the blocked for the last 18 months, trend to continue next year as ing on the sidelines. (QNB) has done very well, as murder of Saudi critic Jamal Qatar has emerged as the best well,” he said. “This is the high time for many investors the bank Khashoggi. “The views that performing stock market this The economic resilience listed companies should hold represents the Qatar story,” I had before have only solidi- year with a rise of more than 24 shown by Qatar despite the roadshows at all the ma- he said. fied,” said Senator Bob Me- nendez, the top Democrat on the Senate Foreign Relations Committee, who has called for a strong US reaction to Khashoggi’s death. Republican Senator Lindsey Graham told reporters, “You have to be willfully blind not Malomatia to QNBN opens centre to handle network issues (PG 3) Twitterati call to come to the conclusion that this was orchestrated and organ- ised by people under the command of MBS.” Republican Senator go public in for spacing out Bob Corker, chairman of the Senate Foreign Relations Commit- tee, said if the crown prince were put on trial, a jury would find five years (PG 3 ) Qatar an important trade partner: UK minister (PG 12) events (PG 6 ) him guilty in “about 30 minutes”. PAGE 11 Cruise Ship Celebrity Constellation CMC calls for regularisation of food trucks’ work HISHAM ALJUNDI doesn’t harm the traffic flow arrives at Doha Port DOHA and in proper locations away from residential neighbour- Cruise ship Celebrity Constellation with 1,754 passengers and 957 crew THE Central Municipal Coun- hoods to avoid congestions. members on board arrived at Doha Port on Tuesday. The ship was on its cil (CMC) has recommended It also includes the regula- second visit during the ongoing 2018-19 season. regularisation of the work of tions that will ensure compli- food trucks in Qatar to enable ance with sanitary and health them to operate on the streets measures to keep the food in a regular form and motivate served by these trucks hygien- entrepreneurs to invest in this ic and safe for consumption.