Regulations for Jewellery, Gold Shops

QATAR | Page 9 SPORT | Page 12 IOC backs IAAF decision to INDEX uphold DOW JONES QE NYMEX QATAR 2 – 11, 28 COMMENT 26, 27 Health Ministry teams REGION 11 BUSINESS 1 – 8, 16 – 20 Russian 17,559.00 9,791.65 47.98 ARAB WORLD 12 CLASSIFIED 9 – 15 up with Harvard to -84.00 +23.00 +1.77 INTERNATIONAL 13 – 25 SPORTS 1 – 12 -0.48% +0.24% +3.83% launch research site athlete ban Latest Figures published in QATAR since 1978 SUNDAY Vol. XXXVII No. 10124 June 19, 2016 Ramadan 14, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals Emir holds talks with Palestinian president Regulations In brief for jewellery, QATAR | Diplomacy Emir to visit Turkey today HH the Emir Sheikh Tamim bin Hamad al-Thani will head to Turkey gold shops today for a short off icial visit. The Emir will confer with President Recep The Ministry of Economy and nents of the items displayed – such Tayyip Erdogan on regional and Commerce has asked all outlets as gold carats, type of precious stone international developments. HH the Emir Sheikh Tamim bin Hamad al-Thani met with Palestine President Mahmoud Abbas at Al Bahr Palace selling gold, jewellery, precious and degree of purity, labour charge, yesterday. They discussed bilateral ties and exchanged views on a number of regional and international issues, particularly metals and artifacts to abide by etc – in a way that provides them with the Palestinian developments. The meeting was attended by a number of Qatari ministers and the off icial delegation the regulations of Law No 8 for full knowledge of the item they want ARAB WORLD | Response accompanying President Abbas. HH the Emir hosted an Iftar banquet for the Palestinian president and his accompanying 2008 on consumer protection to buy. Qatar slams mention delegation. President Abbas left Doha yesterday evening, after a three-day visit to Qatar. Page 2 A detailed invoice has to be handed he Ministry of Economy and over to the buyer, which will include of its name in verdict Commerce (MEC) has issued a information such as date and invoice The Qatari Foreign Ministry has Tcircular detailing business reg- number, name of the shop and other expressed strong condemnation of ulations for gold and jewellery shops information, manner of payment, se- mentioning the State of Qatar’s name in the country. rial number of the items, description in a verdict issued yesterday by Cairo The initiative is part of the MEC’s of the items, trademark, number of Criminal Court in a case. Page 12 Qatar’s consumer price infl ation efforts to protect consumer rights, items sold, weight, carat, colour and the ministry said in a statement. degree of purity (for diamond jewel- This is to be achieved by determin- lery), labour charge, price and weight SPORT | Euro 2016 ing the responsibilities of a retailer of precious stones and diamonds, to- Portugal held ‘may edge up from muted levels’ or trader towards the buyer. Accord- tal price, and stamp of the shop and by Austria ingly, a unified invoice model for the name and signature of the seller. By Pratap John (QEO) for all outlook years, it said. According to HE the Minister of De- purchase of gold jewellery and pre- A trader is also obliged to give Portugal’s Cristiano Ronaldo missed Chief Business Reporter The strength of the nominal eff ective velopment Planning and Statistics, Dr cious metals has been put forth by the consumers a warranty on the items a penalty and had a late headed exchange rate of the US dollar (to which Saleh Mohamed Salem al-Nabit, con- MEC. sold. This has to be in written eff ort disallowed for off side as they the Qatari riyal is pegged), subdued sumer price infl ation was “expected to In this regard, the MEC has asked form and verbal warranties are not were held 0-0 by Austria at Euro he introduction of value added global commodity prices and a possi- edge up from the muted levels” of 2015. all outlets selling gold, jewellery, allowed. 2016 yesterday. Sport Pages 1, 2 and 3 tax (VAT) in 2018 and the pos- ble weakening of demand growth in a The hikes to petrol prices in January precious metals and artifacts in the The terms and conditions of the Tsibility of new taxes on items context of lower oil prices explain these of this year as well as the removal of wa- country to abide by the regulations warranty will be mentioned clearly by RAMADAN THOUGHT deemed harmful to individuals like to- revisions. ter and electricity subsidies in late 2015 and stipulations of Law No 8 for 2008 including the following information Woe to him who witnessed the bacco will nudge up Qatar’s consumer The latest QEO forecasts present a will push up domestic prices a little, he on consumer protection. The initia- and terms: name of the commercial blessed month of Ramadan and let it price infl ation, shows a new report by similar trend, albeit from a higher base. said in his foreword to the Qatar Eco- tive aims to benefit both customers outlet and information of the suppli- pass by without gaining forgiveness. the Ministry of Development Planning A 30% increase in fuel and diesel nomic Outlook. and traders. er, duration of the warranty, date of [Al-Bukhari] and Statistics (MDPS). prices in mid-January 2016 and April’s The introduction of a range of taxes Under the provisions of Circular purchase, name of the item, type and Prayer times Analysts expect a gradual pick-up announcement of a new oil price for- and the further removal of subsidies No 4 for 2016, a trader has to promi- serial number, statement on whether Fajr....3.14 Zuhr....11.35 Asr....2.58 in consumer price infl ation over 2016– mula to determine fuel prices in the fu- will maintain domestic pressure on nently display the prices and relevant the warranty covers all aspects of an Maghrib.....6.29 Isha.....7.59 2018, from 2.7% to 3.4%, MDPS said ture will push infl ation upward. prices in the near term. data of the gold, jewellery, precious item and charges for repair and re- in its “Qatar Economic Outlook 2016 – Partial removal of subsidies, which A slight pick-up in global commod- metals and artifacts on offer. Gold placement, a statement on the obli- Fasting times 2018” report. began in late 2015, raised utility (electricity prices and an anticipated softening prices have to be constantly displayed gations of consumers in line with the Iftar today ............................6.29pm The consensus forecasts are low- ity and water) prices, and a further rise of the US dollar will push imported in- on an electronic screen too. terms of the warranty, and any other Suhoor tomorrow ..............3.14am er than those reported in Decem- may be brought in to bring the price paid fl ation up further in 2017 and 2018, he Consumers have to be properly in- information included in the warranty ber 2015’s Qatar Economic Outlook by consumers closer to fair market value. said. formed about the different compo- agreement. To Page 11 Gulf Times 2 Sunday, June 19, 2016 QATAR Palestinian president leaves Doha Emir greets Emir meets Seychelles prominent Iraqi cleric president on National Day HH the Emir Sheikh Tamim bin Hamad al-Thani met the QNA Chairman of Islamic Supreme Doha Council of Iraq (ISCI) Ammar al-Hakim at Al Bahr Palace yesterday. The meeting dealt H the Emir Sheikh with the latest developments Tamim bin Hamad al- in Iraq. HThani, HH the Deputy Emir Sheikh Abdullah bin Ha- mad al-Thani and HE the Prime Minister and Minister of Interior Palestinian President Mahmoud Abbas left Doha yesterday after a three-day visit to Qatar. Sheikh Abdullah bin Nasser bin President Abbas and his accompanying delegation were seen off at Hamad International Airport Khalifa al-Thani have sent cables by HE the Minister of Culture and Sports Salah bin Ghanem bin Nasser al-Ali and the Palestinian of congratulations to President ambassador to Qatar Muneer Ghanam. of Seychelles, James Alix Michel, on his country’s National Day. Hyatt Plaza’s Fast-a-thon to benefi t children in Somalia undreds of participants the local culture,” he said. gathered yesterday to In Somalia, according to IEC, Hjoin Hyatt Plaza’s sev- orphans learn their subjects in enth edition of Fast-a-thon, a Somali or Arabic with little or charity event aimed at giving no English. With English as the young and destitute children in main medium of instruction in Somalia the opportunity to learn most universities, the chance English. for higher learning is bleak for Held every Ramadan, the the thousands of high-school two-day Fast-a-thon is staged graduates from Somalia’s or- exclusively for non-Muslims, phanages. providing the participants with Despite fi nishing high school, not only the chance to help the most of them end up as street underprivileged but also expe- merchants, while others risk rience the true spirit of the holy their lives by fl eeing the country, month through fasting even for crossing the Mediterranean Sea just one day. to become refugees in Europe. Fast-a-thon was an off shoot “Others, unfortunately, become of “Help the Orphans” Intensive easy foot soldiers for Shebaab ex- English Course (IEC), a project tremists,” the statement added. spearheaded by renowned schol- Hundreds of participants gathered yesterday to join Hyatt Plaza’s seventh edition of Fast-a-thon. “In preparation for this noble ar Dr Bilal Philips, who sought to event, we have sent e-mails to make 500 bright children profi - donating QR200 on behalf of Prior to the Fast-a-thon, the culminated yesterday with an Feroz Moideen said the mall’s “Hyatt Plaza’s Fast-a-thon non-Muslim communities, urg- cient in English, according to a every person who registers for participants were given an in- Iftar party, which also served as annual Fast-a-thon aims to in- follows a two-pronged approach ing them to search their hearts, statement from Hyatt Plaza.

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