ISO 9001:2008 CERTIFIED NEWSPAPER Home | 3 Business | 17 Sport | 28 Education is becoming US is expected to Qatar will stage another expensive due to attract an estimated international sporting increasing tuition and over $35bn worth of competition— the FIFA other fees. Its cost rose investments from Qatar Beach Soccer World 11.4pc in past two years. over the next five years. Cup Asian Qualifiers. THURSDAY 19 FEBRUARY 2015 • 30 Rabial II 1436 • Volume 19 Number 6346 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Sheikha Moza with young innovators Emir leaves for Emir signs Japan today DOHA: The Emir H H Sheikh Tamim bin Hamad Al Thani will begin an offi- law on wage cial visit to Japan today, during which he will meet with Emperor Akihito. The Emir will also hold talks with Prime Minister Shinzo Abe protection and other senior officials on bilateral relations. QNA Six months time for implementation DOHA: As part of a promised QE to list first of labour market reform, Qatar yesterday issued a law making four investment it mandatory for private com- panies to pay all their workers funds soon their wages through electronic Company owners transfer system. not transferring DOHA: The Qatari bourse is The law is to be published in all set to list one of the four the official gazette and only after workers’ wages planned investment funds soon. which it is to be implemented. electronically in “We are just waiting for the nec- The implementation is expected time will be liable essary approval from the authori- soon. ties concerned to list the fund,” the Companies will be given a grace to a jail term not CEO of Qatar Exchange (QE) said. period of six months to apply the exceeding a month Rashid Al Mansoori told Al Sharq new mode of workers’ salary pay- the approval process for listing ments, popularly known as the or a fine of QR2,000 the second fund is also on. “The Wage Protection System (WPS). ($549.2) to QR6,000 remaining two proposed funds are However, the Minister for ($1,647.6) or both. H H Sheikha Moza bint Nasser and H R H Princess Lalla Salma of Morocco speak to young innovators at the under study,” he said. One of the Labour and Social Affairs will innovation gallery of the World Innovation Summit for Health 2015. Reports on page 4 four funds is Al Rayan Islamic, have the authority under the new while another one will be bonds- law to extend this grace period to based. In other words, it will be another six months or more. to face a jail term not exceed- invested primarily in bonds and The law (Number 1 of 2015) ing a month or a fine of QR2,000 other debt instruments. amends some provisions of the ($549.2) to QR6,000 ($1,647.6) or Investment funds are col- Law Number 14 of 2004, known both. No rift with Egypt, says FM lective investment schemes in as the labor law. The new legis- The Minister for Labor and which both big and small inves- lation was issued by the Emir H Social Affairs has been asked tors could pool in their money/ H Sheikh Tamim bin Hamad Al by the law to frame and enforce DOHA: The Minister of Mohammed Mursi was spying for foreign minister said it is an inde- savings through subscriptions for Thani yesterday, reports Qatar executive regulations to help Foreign Affairs H E Dr Khalid Qatar a ‘disaster’. pendent TV channel and no one long-term capital gains or regular News Agency (QNA). implement its provisions. Mohamed Al Attiyah said there Al Attiyah was speaking to is forced to watch. He said this in income. Details of the four funds Needless to say that until the It is hoped that these regula- is no dispute between Doha and Saudi Arabian newspaper Al reference to those who are criticis- are yet to emerge. Al Mansoori new law has been brought into tions will talk in detail about Cairo that requires reconcilia- Sharq Al Awsat. ing the channel. said several new companies would effect provisions of the existing which financial institutions shall tion. “Qatar always hopes well- In another interview with Answering a question, Al be listed on the QE this year. A legislation (Number 14 of 2004) be made part of the WPS and to ness and good for Egypt and its Al Hayat Arabic daily based in Attiyah said the reason for the number of companies have applied will apply. From the provisions of what extent, and commission to people,” he said. London, Al Attiyah confirmed that imprisonment of Qatari poet Ibn for listing and their requests are the new law it is clear that not be paid for their services, among The minister described the the World Cup 2022 will be held Al Zayeb had nothing to do with being looked into by the regulator. only banks but also other finan- other things. charge former Egyptian president in Qatar. Regarding Aljazeera, the his views. THE PENINSULA THE PENINSULA cial institutions such as exchange The regulations, also known as houses will be brought within the bye-laws, are expected to specify network of the WPS. the deadline by which companies Actually, the new law incor- must pay the wages and allow- INSIDE porates amendments only of two ances due to their workers. main articles of the previous law The law suggests that not only Page 09 (Articles 66 and 145). Article 66 wages but all types of payments, talks of wage payments to com- including allowances and perks, pany workers. must be paid to workers only Between violence The amended portion says the electronically. and peaceful wage must be transferred into a The labor ministry said earlier worker’s account with one of the that this will allow it to create change financial institutions in the coun- a national database that would By Dr Shafiq Al try “within a specified period”. record wage payments in the pri- Ghabra Article 145 of the previous law vate sector and guarantee timely which stipulates punishments for and full payment to workers their Will Arabs unite not complying with its provisions agreed-upon wages. The WPS, or fragment? has almost been retained. once in force, will end workers’ It says company owners not woes regarding delayed or non- By Dr Shamlan transferring workers’ wages elec- payment of their wages and perks. Yousef Al Issa tronically in time will be liable THE PENINSULA Qatar 2022 in Nov-Dec: Report NEW YORK: Staging the 2022 Qatar World World Cup in the host nation as a test run for Cup in November and December to avoid blazing the globall football showdown. In December, the summer heat is “a done deal,” Sports Illustrated European Clubs Association and European reported on its website yesterday. Citing Professional Football Leagues indicated multiple sources, the magazine’s report a strong preference for playing the 2022 said the decision has been made, World Cup from May to June. saying a FIFA task force will make Just last week, FIFA extended the US the November-December timing media rights to the World Cup for four recommendation next week at a years through 2026 with Fox and NBC meeting in Doha and FIFA’s exec- Universal-owned Spanish language utive committee will finalize the network Telemundo. The move came plan when it meets next month in without opening the events up for Zurich. bidding, a shock especially given the Just three weeks ago, FIFA general United States might bid for the 2026 secretary Jerome Valcke told France- World Cup. Info radio the World Cup in Qatar At the time, there was specula- should be staged in winter but clash- tion the move was a sign that the ing with the 2022 Winter Olympics in 2022 World Cup would move to February was also a concern. the winter, a major hit for North The report said the current plan was American rights-holders given the to impact only one European club season, more filled TV sports landscape with clubs hoping to trim in a November-December some international time frame compared to match dates to achieve, the usual June-July sched- but there was no firm uling. Giving rights-holders plan regarding the another World Cup could FIFA Confederations make up for financial losses Cup, typically staged a change in timing could the year before the bring. AFP THURSDAY 19 FEBRUARY 2015 02 www.thepeninsulaqatar.com HOME Emir appoints envoy to Italy Permit for use of construction DOHA: Emir H H Sheikh Tamim bin Hamad Al Thani yesterday issued an Emiri Decree, appointing Abdulaziz bin Ahmed Al Maliki Al Juhani as Ambassador Extraordinary and Plenipotentiary to Italy. materials could be mandatory Deputy Emir meets Shell CEO DOHA: Deputy Emir H H Sheikh Abdullah bin Hamad Al Thani Cabinet approves rules for beneficiaries to access subsidised food, fodder yesterday met Royal Dutch Shell Chief Executive Officer Ben van Beurden and his delegation at his Emiri Diwan Office yesterday. DOHA: Individuals and com- it for extracting or dealing in or or export of and dealing in any permission from the concerned They discussed cooperation on issues of mutual interest and ways panies may soon need a per- using the materials. other way in food items and fod- department,” says the draft law. of enhancing it. mit from the Ministry of A construction industry source der subsidised for sale to citizens. According to sources, the Separately, Prime Minister and Interior Minister H E Sheikh Environment to extract, trans- told this newspaper that the move The draft law includes terms draft focuses on high quality Abdullah bin Nasser bin Khalifa Al Thani met Ben van Beurden fer or use sand, soil or stones would make construction materi- and conditions for beneficiaries and expensive food items like and his delegation and reviewed cooperation.