Qatar Airways Acquires 5% of China Southern Airlines
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BUSINESS | 01 SPORT | 05 QDB extends Paine targets QR8bn support improvement as to companies India series loss in 2018 looms Thursday 3 January 2019 | 27 Rabia II 1440 www.thepeninsula.qa Volume 23 | Number 7760 | 2 Riyals Amir attends Qatar Amir crowns winners of Founder Camel Festival ExxonMobil Open competitions QNA DOHA QNA Amir H H Sheikh Tamim bin DOHA Hamad Al Thani crowned yesterday the winners of the Amir H H Sheikh Tamim bin eight main races of the Founder Hamad Al Thani attended last Sheikh Jassim bin Mohammed evening part of the competi- bin Thani Camel Festival for tions of the Qatar ExxonMobil purebred Arabian camels, which Open tennis tournament, took place at Al Shahaniya race- which is being organised by track. Qatar Tennis Federation at H H the Amir awarded the the Khalifa International winners of the final four races of Tennis and Squash Complex. the category for camels aged more H H the Amir watched the than seven years owned by Their match between World Excellencies Sheikhs. Al Shahaniya Number One Novak Djokovic camels won the four races. The and Hungary’s Marton Fucs- camels Wesal, Al Hathra, ovics, which ended with a Munawer, and Marmar all won the 4-6, 6-4, 6-1 victory for Ser- awards in the four races. bia’s Djokovic to qualify for In the same category for the quarter-finals of the camels owned by tribe members, tournament. H H the Amir awarded Said Mohammed Zayed Al Khayarain owner of the camel “Sahm” the Cabinet nod silver spear, and two silver daggers for Nasser Mohammed for draft law Said Al Aida owner of “Al Udeid” and Salem Nasser Said Al Eida on Media City owner of “Lusail.” The races were attended by QNA Their Excellencies Sheikhs, tribe DOHA members, and lovers of Al Hejen sports. `P3 Amir H H Sheikh Tamim bin Hamad Al Thani during the honouring ceremony. The Cabinet, which met yesterday with Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani in the chair, WIZA to provide took the necessary measures Qatar Airways acquires 5% to issue a draft law establishing the Media City, after it trained domestic reviewed the recommendation of the Shura Council throne. of China Southern Airlines Under the draft law, a city workers: Al Hababi called ‘Media City’ will be THE PENINSULA opportunities for us to work established, and shall have a QNA the field of basic technical skills, DOHA Qatar Airways gets together and build a long term moral personality and an inde- DOHA occupational safety and aggregate holding of relationship in ways that would pendent budget. Its borders awareness of the privacy of the Qatar Airways Group (Qatar approximately five bring benefits to customers of and coordinates will be deter- Chief Executive Officer of community in order for them Airways) announced yesterday both airlines. mined by a Cabinet’s decision. Qatari company for labour to be able to meet the needs of that as part of its strategy to percent of the total “The investment is a clear The Media City aims at recruitment (WIZA) Hussein Ali the beneficiaries and in invest in the strongest airlines issued share capital demonstration of Qatar Airways’ managing and developing Al Hababi affirmed that the accordance with the highest around the world and continue of China Southern continued commitment to con- media activity and attracting goal behind setting up the standards. enhancing operations and necting travellers across all international media, tech- company was to provide He pointed out that WIZA network connectivity, on Airlines. corners of the world in a way nology companies, research skilled domestic workers (on will provide services using December 28, it completed an that is meaningful and and training institutions in the temporary basis) to Qatari modern technology to facilitate on-market purchase of certain convenient. fields of media and digital families and the families of the process of request services, A shares and H shares of China airline in one of the world’s "Qatar Airways very much media. `P5 residents according to their as the operation of the Southern Airlines Company fastest growing aviation looks forward to the opportunity need and demand. company will be overseen by Limited (China Southern markets.” to deepen our working rela- He added that the a group of qualified young Airlines), resulting in Qatar Qatar Airways’ Group Chief tionship with this great airline Commerce Ministry company will provide trained Qatari cadres. Airways' aggregate holding of Executive Akbar Al Baker added, and further enhance the travel and temporary domestic The company will support approximately five percent of “China Southern Airlines is one opportunities across the globe.” fixes service fee on workers to meet any shortage the private sector in the country the total issued share capital of of the most prestigious airlines This investment further sup- at fixed, appropriate and legal through its integrated work China Southern Airlines. in the Chinese domestic market ports Qatar Airways’ investment local produces prices. with the recruitment offices and Minister of Finance and and an important market player strategy which already includes Talking to Qatar News related companies. Chairman of Qatar Airways in the world, with massive its 20 percent investment in THE PENINSULA Agency (QNA), the CEO of the Its shares will be offered Group, H E Ali Shareef Al potential for cooperation in the International Airlines Group, its DOHA Qatari company for labour for nationals through public Emadi, said: “Qatar Airways future. 10 percent investment in LATAM recruitment said that the offering in the next few period regards our shareholding in "Given the complementary Airlines Group, its 49 percent The Ministry of Commerce and company will train and qualify in accordance with the com- China Southern Airlines as an strengths and resources of each investment in Air Italy and its Industry announced yesterday domestic workers through pany’s articles of important part of our strategic of China Southern Airlines and 9.99 percent investment in the decision of the Committee various training programs in association. investment in the largest Qatar Airways, there are Cathay Pacific. to set the maximum price and profits ratios in the Ministry No. (7) for the year 2018, on the maximum wage for services imposed on locally produced AZF attracts 10 world-class football teams for training camps food commodities. The decision comes within the framework of the ministry’s commitment to QNA national and continental tour- Belgium’s Club Brugge from Moscow from January 20 to 30, available for visiting athletes, protect consumer rights, control DOHA naments in ideal settings. January 5 to 12 and Kas Eupen and FC Zenit Saint Petersburg who return to Aspire Zone Foun- prices and regulate markets, During this year’s training from January 8 to 13 , Persepolis, from January 15 to 29. dation’s training camps year ensure their functioning and Aspire Zone Foundation (AZF) is camp season, AZF has the Iranian football team, from Commenting on camps this after year.” supporting local products. gearing up to host compre- announced that it will host 10 January 9 to 19 , and Paris Saint- year, Ibrahim Hilal, Head of Fed- AZF is globally recognised Decree No. (7) of 2018 stip- hensive football training camps international football teams, all Germain from January 13 to 17. eration and Teams Affairs at AZF, for its ideal training environment ulates in its second article that for a number of world-class of whom are eager to benefit In preparation for the said: “AZF’s unique trio of Aspire for elite athletes, giving them the provisions of the decree shall teams this January. Time and from its world class training, Russian league, Aspire Zone will Academy, Aspetar and Aspire access to training fields of the apply to the fees of services again, these teams return to AZF accommodation and enter- also host a mini championship Logistics offer world-class highest quality, multi-purpose imposed by outlets on local sup- during the northern hemi- tainment facilities. between a number of Russian outdoor and indoor facilities halls for a variety of sports, and pliers of locally produced food sphere’s winter to benefit from Bayern Munich are clubs from January 20 to combined with sports science swimming pools, gyms, and products such as vegetables, Qatar’s perfect outdoor training scheduled to visit from January January 31. Spartak Moscow will and sports medicine expertise. indoor and outdoor tracks fruit, fish, meat, poultry, egg, weather at this time of the year 4 to January 10, Holland’s Eind- be in Doha from January 18 to This convenient structure equipped with the latest tech- dairy products, and baked and prepare for a range of inter- hoven from January 4 to 12, 30, FC Rostov and FC Lokomotiv ensures everything is readily nologies. `P4 products. `P5 02 HOME THURSDAY 3 JANUARY 2019 Promotion valid from 03.01.2019 to 05.01.2019 or until stocks last. Purchase limit may apply. 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