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Value of Real Estate Trading Exceeds QR2.78 Bn in July

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Value of Real Estate Trading Exceeds QR2.78 Bn in July Global markets: Dollar falls, stocks slide, techs lead PAGE 10 WEDNESDAY, AUGUST 19, 2020 27,831.69 9,775.28 38,528.32 2,004.04 −13.22 PTS +79.96 PTS +477.54 PTS GOLD +0.94% UK retailer M&S axes 7,000 jobs DOW QE SENSEX on virus fallout PAGE 11 PRICE PERCENTAGE PRICE PERCENTAGE 28.27 BRENT 45.30 -0.15% WTI 42.74 -0.35% SILVER +1.57% QSE index extends gains amid rally in Gulf, US stocks TNN & AGENCIES percent. percent to close at 3,986.23 since 2016. The Nasdaq 100 “Momentum is currently may be psychologically inter- DOHA The volume of shares points. QSE All Share Index outperformed, with giants positive as the actions of the esting, but these milestones traded decreased to 331.906 added 0.69 percent to close at Amazon.com and Tesla jump- Fed and other major cen- should be taken in stride, MOST Gulf bourses ended million from 436.867 million 3,041.31 points. ing more than 2.5 percent. tral banks continue to drive according to Chris Larkin, higher on Tuesday, with Qatar on Monday and the value of Meanwhile, US stocks After a torrid surge from yield-seeking investors into managing director of trading extending gains for the third shares decreased to QR563.66 climbed to a record as technol- the fastest bear market ever, racier equities and away and investment product at day in a row on the back of million on Sunday from ogy shares rallied. The dollar the S&P 500 is poised for its from bonds,” said Fawad E*Trade Financial. gains in banking shares. QR701.89 million in the previ- fell to the lowest in more than quickest rebound on record Razaqzada, an analyst at “It may hold some short- The Qatar Stock Exchange ous trading session. two years, while Treasuries amid Federal Reserve stimu- ThinkMarkets. term importance for traders (QSE) main index gained Indices of six sectors out advanced. lus and a jump in technology “While things could look who have built this into their 79.96 points, or 0.82 percent, of the seven closed in the posi- The S&P 500 pushed to- companies. While stimulus a lot different in the not-too- strategy, but for the most part, at the end of Tuesday’s trading tive territory. The QSE Total ward its all-time high after talks have stalled, better-than- distant future, the short-term anybody participating in the to close at 9,775.28 points. Return Index gained 0.82 briefly surpassing its February feared economic data and cor- picture certainly looks bullish market should look past these Lender Masraf Al Ray- percent to close at 18,792.65 peak in three of the past four porate earnings have instilled right now.” relatively arbitrary moves and an climbed 2.2 percent and points. QSE Al Rayan Is- sessions -- as a report showed optimism that a recovery is The fact that the S&P 500 focus more on fundamentals,” Commercial Bank leapt 3.4 lamic Index increased 0.61 housing starts rose the most taking shape. is breaking through a record he said. IATA checklist Value of real estate trading to help airlines exceeds QR2.78 bn in July navigate through QNA DOHA COVID-19 crisis THE trading volume of reg- AGENCIES covers nine sections including istered real estates at the MONTREAL pre-arrival notification, check- Ministry of Justice’s real es- in, embarkation and disem- tate registration department THE International Air Trans- barkation, aircraft cleaning, stood at QR 2.78 billion in port Association (IATA) has onboard air quality, in-flight July this year. issued an airline self-assess- operations, flight and cabin The data of the analyti- ment health checklist to help crew, crew layover and airport cal real estate bulletin issued operators navigate through facilities. by the Ministry of Justice the COVID-19 pandemic that For example, Iata details showed 644 real estate trans- has transformed the norms of steps for aircraft sanitisation. actions were recorded during travel. “The operator shall have July. When compared with The checklist is designed to aircraft cleaning and sanitis- June, the number of real es- complement the International ing procedures for the flight tate index registered an in- Civil Aviation Organisation’s deck, if used, oxygen masks, crease of 41 percent, while (ICAO) guidance on air travel, passenger cabin and cargo the index of traded areas in- IATA said in a statement. compartments, as well as the creased by 60 percent. The ICAO’s “Take-off: The municipalities of Guidance for Air Travel Doha, Al Daayen and Al through the COVID-19 Pub- The checklist is designed Rayyan topped the most ac- lic Health Crisis” is a global to complement the tive trades in terms of fi- standard framework of risk- International Civil Aviation nancial value, followed by based temporary measures Organisation’s (ICAO) the municipalities of Umm for governments and the air guidance on air travel, Salal, Al Wakra, Al Shamal, transport industry to operate IATA said in a statement. Al Khor, Al Thakhira and Al The municipalities of Doha, Al Daayen and Al Rayyan topped the most active trades in terms of financial value. safely during the pandemic. Shahaniya. “Safety is always the num- access panels for the air con- The value of the transac- that the municipalities of Doha municipality by 24 per- four properties in the Umm actions, equivalent to 13.6 ber one priority for air trans- ditioning system, potable wa- tions of the Doha municipality Doha, Al Daayen and Umm cent, Al Rayyan municipality Salal municipality, three in percent and Al Wakra, with port. And the challenges of ter system, intercom system amounted to QR 1.24 billion, Salal were the most active by 15 percent, Umm Salal and the Doha municipality and 4 transactions, equivalent to COVID-19 have added a new and any other system that while that of Al Daayen mu- municipalities. Al Wakra municipalities by 8 one in each of the Al Rayyan, 3.9 percent of the total num- dimension to our efforts,” has an access panel used by nicipality was QR 556.18 mil- Doha accounted for about percent each, Al Samal mu- Al Khor and Al Daayen mu- ber of mortgages. IATA Director General Alex- ground and/or maintenance lion. The value of Al Rayyan 24 percent of the total, fol- nicipality with 8 percent and nicipalities. The real estate trading andre de Juniac said. personnel,” according to the municipality transactions lowed by Al Daayen mu- Al Khor and Al Thakhira mu- The volume of mortgage data shows that the real estate “Developed with input checklist. It also outlines steps amounted to QR377.324 mil- nicipality by 22 percent and nicipality by 5 percent. transactions that took place in sector continues its steady from industry, public health to ensure onboard air quality lion, while that of Umm Salal’s Umm Salal municipality at The average price per July 2020 reached 103 trans- growth in various fields of in- authorities and governments, is optimum. municipality was QR309.56 19 percent. Both Al Rayyan square foot for July 2020 actions with a total value of vestment and trade. ICAO’s Take-off guidance is “The operator shall have million and that of Al Wakra and Al Wakra municipali- ranged between QR515-991 QR2.148 billion. It confirms strong and ac- the global standard for safe procedures to ensure the best municipality stood at QR170.3 ties accounted for 12 percent, in Doha, QR225-389 in Al Doha municipality re- tive trading activity during the operations. IATA’s self-assess- possible aircraft internal air million. followed by Al Shamal mu- Wakra, QR291-527 in Al corded the highest number of current year, especially after ment checklist is a practical quality when passengers are The Al Shamal municipal- nicipality by 8 percent and Rayyan, QR247-432 in Umm mortgage transactions with the issuance of new laws and implementation guide to help embarking and/or are on ity recorded trading amount- Al Khor and Al Thakhira by 3 Salal, QR303-475 in Al Daay- 41 transactions, equivalent to decisions related to real estate airlines comply.” board,” it said. ing to QR73.35 million, while percent each. en, QR179-294 in Al Khor and 39.8 percent of the total num- sector, real estate registration, IATA’s 30-page Health IATA’s health checklist that of Al Khor and Al Thakh- Regarding the number of Al Thakhira, QR124-263 in ber of mortgages, followed by as well as attractive laws for Safety Checklist for Airline for airlines will be important ira municipality reached QR transactions index (sold real Al Shamal, and QR155 in Al Al Rayyan municipality with domestic and foreign capital. Operators provides the stand- for implementing the ICAO’s 49.36 million and that of the estate), trading indicators Shahaniya. 23 transactions, equivalent to These data confirm the ards, recommended practices, Council Aviation Recovery Al Shahaniya municipality showed that the most active The trading volume re- 22.3 percent, Al Daayen with strength of Qatar’s economy associated guidance material Task Force (CART) recom- reached QR3.38 million. municipalities during July vealed the registration of the 18 transactions, equivalent and the continued growth of and other supporting informa- mendations, said the ICAO’s In terms of the traded were Al Daayen municipality highest value of ten properties to 17.5 percent, Umm Salal the real estate sector as one of tion needed for an airline to council president Salvatore area index, indicators showed with 32 percent, followed by sold in July 2020, including municipality with 14 trans- its key components.
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