ISO 9001:2008 CERTIFIED NEWSPAPER Qatar stock market tanks on global cues Business | 17 Monday 13 October 2014 • 19 Dhu’l-Hijja 1435 • Volume 19 Number 6217 www.thepeninsulaqatar.com
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[email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Qatar pledges $1bn for Gaza Flats remain vacant International donors to contribute $5.4bn for reconstruction as owners shun CAIRO: Qatar will contribute $1bn for reconstruction of Gaza, Foreign Minister individual tenants H E Dr Khalid bin Mohamed Al Attiyah said yesterday. BY SIDI MOHAMED These are the benefits for the Speaking at the international conference owners, but it is the limited- on rebuilding Gaza being held in Cairo, Al DOHA: A large number of new, income man who suffers in the Attiyah said that the Palestinian people in ready-to-use residential build- as rents go up due to shortages Gaza were the target of the most horrendous ings in and around the city are being created. aggression. The 50-day conflict killed thou- lying vacant despite increasing This phenomenon (of owners sands of innocent civilians, destroyed infra- demand. of new buildings wanting compa- structure, houses, places of worship, health The demand for housing, partic- nies as tenants) is encouraging and educational facilities among others amid ularly in Doha and its near-suburbs limited-income people to move the inability of the international community far exceeds supply, fuelled mainly into shared apartments and par- to stop this recurrent onslaught on innocent by a rising expatriate population. titioned villas, said Al Dosri. and unarmed Palestinians in the Gaza Strip, According to real estate mar- Moreover, construction materi- the Minister added.