Ahlibank Reports QR308.4M Net Profit for First Half of 2021

Business 13

THURSDAY 15 JULY 2021 TotalEnergies is proud of the history and strong ties between Qatar and France Our Headquarter is based in Paris but TotalEnergies is present in over 130 countries, and is one of the top five energy companies in the world. In Qatar, our employees and contractors come from more than 40 different nationalities. Matthieu Bouyer, Managing Director of TotalEnergies Business | 14 EP Qatar, and TotalEnergies Country Chair QSE 10,743.45 -38.73 (0.36%) FTSE 100 7,017.47 −135.96 (1.90%) DOW 33,427.27 −396.18 (1.17%) BRENT $73.46 (+0.39)

Ahlibank reports QR308.4m net profit for first half of 2021

THE PENINSULA — DOHA

Ahli Bank QPSC (ABQK) announced yesterday a net profit of QR308.4m for the first half of 2021, showing an increase of 4.7 percent over the same period last year. Commenting on the results, Hassan Ahmed AlEfrangi, Ahlibank’s CEO said: “The Bank achieved satisfactory results on the back of strong operating performance”. AlEfrangi added: “The Bank delivered another stable results with all key performance indicators showing positive trends. The Bank also successfully completed two strategic initiatives The steady half yearly results of The Bank achieved satisfactory during the first six months of 2021. First was the Issuance of $300m Additional Ahlibank is in line with our track results on the back of strong Tier 1 Capital in the international record of delivering sustainable operating performance. The Bank markets at a coupon of 4 percent. And results. We continue to maintain delivered another stable results second was the successful completion high levels of stable and long with all key performance indicators A view of Ahli Bank head office. of the fifth bond issuance for $500m showing positive trends. The Bank under the Bank’s $2bn EMTN Pro- term funding and strong gramme in the international debt capital also successfully completed two way. The Bank will continue to focus maintain high levels of stable and long markets at a competitive coupon rate capital levels. strategic initiatives during the first on Qatarization in line with Qatar term funding and strong capital levels”. of 2 percent and which was supple- Sheikh Faisal bin AbdulAziz bin six months of 2021. National Vision 2030.” The Chairman further added, “We mented by a healthy geographical spilt Commenting on the results, Sheikh take this opportunity to thank our cus- of international investors. This is again Jassem Al Thani, Ahlibank Hassan Ahmed AlEfrangi, Faisal bin AbdulAziz bin Jassem Al tomers for their continuous loyalty a vote of confidence from international Chairman and Managing Director Ahlibank CEO Thani, Chairman and Managing Director towards Ahlibank, investors for their investors in both Ahlibank and the State of Ahlibank stated: “The steady half ongoing commitment, management and of Qatar. yearly results of Ahlibank is in line with staff for all their dedication and Qatar AlEfrangi further added: “There has digital transactions through the Bank’s completing their everyday banking our track record of delivering sus- Central Bank for their esteemed guidance been an increase in the number of digital channels with customers services in an advanced and secure tainable results”. We continue to and support.” 14 BUSINESS THURSDAY 15 JULY 2021 TotalEnergies is proud of the history and strong ties between Qatar and France, says Country Chair

or more than 85 years, TotalEnergies Today, we are committed to providing has been a major contributor to Qatar’s oil and gas activities, from energies that are clean, affordable, and Exploration and Production to reliable. Our ambition is to be a world class Refining, Petrochemicals, and Mar- keting. The French energy major, player in the energy transition, and to be Fwho recently transformed from Total to TotalEn- among the world’s top ﬁve companies in ergies in reflection of the company’s strategic transformation into a broad energy company, is renewable energies by 2030. We also have now also contributing to the development of the ambition to be Net Zero by 2050, together renewable and clean energies in Qatar. The Peninsula spoke to MATTHIEU with society. We are basing this strategy BOUYER, Managing Director of TotalEnergies on 2 main pillars that are LNG and EP Qatar, and TotalEnergies Country Chair, on the Company’s long partnership with Qatar renewable energy; two energies that are and QP, and its ambition to becoming a world in abundance in Qatar. class player in clean energies.

On the history of TotalEnergies in Qatar We have recently established a solar TotalEnergies first entered Qatar in 1936 through affiliation with Iraq Petroleum Company. branch in Qatar to support our diversiﬁcation Our long history here includes our partici- pation in the discovery of the Dukhan Field, and agenda into renewable energies. Our main our support to the development of the petro- project that we conduct with Siraj Energy chemical industry, through stakes in QAPCO starting 1974 and Qatofin later on. (QP and QEWC) and Marubeni consists of We were a key partner in the foundation of developing one of the world’s largest solar Qatargas in 1986, and we have stakes in Qatargas 1 and Qatargas 2 as well as in Dolphin Energy, plants — the Al Kharsaah 800 MWp Solar thus contributing to the large and fast expansion plant, which will enable a carbon neutral of gas and LNG in the country. Matthieu Bouyer, Managing Director of TotalEnergies EP The discovery of Al-Khalij offshore oilfield in Qatar, and TotalEnergies Country Chair. 2022 FIFA World Cup. Halul island in 1991, and the creation of North Oil Company with QP to operate Al-Shaheen field in 2017 were milestone achievements for us. We More recently, we have joined hands with have also supported the development of the Qatar Museums for the Energy Playground spon- downstream refining industry, as a partner of sored by TotalEnergies at NMoQ (National Laffan Refineries 1 and 2. We are also present in Museum of Qatar), for which construction will Marketing where we have a significant market soon start. We are proud to play a role in ensuring share in lubricant range products. that children and families understand our energy’s We are thus proud of our presence across all past as well as the energies of the future. of Qatar’s oil and gas value chain, from offshore Our road safety program, Via, in partnership Exploration and Production, to Downstream and with the Michelin Foundation for children in Research. Qatar, helps us strengthen the partnership between the local government, education sectors On their contribution as a French Company and local community to implement road in Qatar safety interventions. Our Headquarter is based in Paris but TotalEn- Fostering such close relations by working with ergies is present in over 130 countries, and is one government entities, industrial partners, and of the top five energy companies in the world. In academia has contributed to various viable pro- Qatar, our employees and contractors come from grams and initiatives, cementing the long and more than 40 different nationalities. successful partnership between TotalEnergies There is a special relationship between Qatar and the State of Qatar. and France, and particularly TotalEnergies having Qatargas LNG Tanker had a continuous 85 years of presence here, and On Clean Energies and LNG in Qatar having developed in many of Qatar’s energy busi- Today, we are committed to providing nesses together with QP with whom we have energies that are clean, affordable, and reliable. the long run as a transition fuel that reduces world’s largest solar plants — the Al Kharsaah forged a remarkable trust and respect throughout Our ambition is to be a world class player in the emissions. We are already an active partner of 800 MWp Solar plant, which will enable a carbon the years. energy transition, and to be among the world’s Qatar Petroleum and Qatargas, both on the pro- neutral 2022 FIFA World Cup. TotalEnergies has been the first international energy Company to accompany the State of Qatar Research and Innovation and Qatar Petroleum in the development of the TotalEnergies opened a Research Center North Field leading to Qatargas 1 start-up in 1996, (TRCQ) in 2009 which is at the forefront of our Petrochemicals with QAPCO in 1974, and today activities. It is dedicated to developing high level large scale solar energy project at Al Kharsaah. technological solutions that will support our core business in order to be more efficient in Qatar On Community development in Qatar and abroad but also to reduce our environmental TotalEnergies is engaged in a transformation footprint. that will place sustainability at the heart of its Aligned with Qatar’s National Vision, our strategy, projects, and daily operations. Our sus- research and development activities contribute tainability goes hand in hand with our sustainable developing true Qatari competencies as well as development initiatives, and community devel- creating links between academic and industry in opment is at the core of our efforts in Qatar. the country. We are committed to Qatar National Vision Some of these research projects are partner- 2030, and today we work closely with our stake- ships that we have with Qatar University, Qatar holders to further enhance our efforts in contrib- TotalEnergies Solar Panel Foundation particularly TAMU-Q and QEERI, to uting to human and social development — through Testing at QEERI capture the CO2 and convert it to biofuel utilizing support for education, culture and heritage, sport, microalgae technology and in the solar energy road safety, forest and climate, and youth domain. inclusion. TotalEnergies duction with QG1 and QG2 and on the mar- We are also committed to promoting women - Electricity keting sides. empowerment and reducing the gender gap We look forward to the results of the bid in through various initiatives such as the Total the North Field East (NFE) expansion project that Women Initiative for Communication and will be key for our future in the country. This Exchange (TWICE). ambitious project – which is the world’s largest Our partnership with Qatar Tennis Feder- of its kind, will raise Qatar’s LNG production ation (QTF) for Qatar TotalEnergies Open ladies’ top five companies in renewable energies by capacity from 77mn tonnes per year (mmtpy) to tennis tournament since its first edition in 2001 2030. We also have the ambition to be Net Zero 110 mmtpy by 2025. helps us achieve our ambition to support sport by 2050, together with society. We are basing We have recently established a solar branch initiatives in the country. We are proud to see this strategy on 2 main pillars that are LNG and in Qatar to support our diversification agenda that over the years, the tournament has become renewable energy; two energies that are in abun- into renewable energies. Our main project that a major professional sporting event in Qatar as dance in Qatar. we conduct with Siraj Energy (QP and QEWC) TotalEnergies - Gas well as abroad. LNG holds significant growth prospects in and Marubeni consists of developing one of the

Dolphin Energy Al Shaheen Field – North Oil Company THURSDAY 15 JULY 2021 BUSINESS 15 QIB posts QR1,595m profit for first half Vodafone half-yearly

THE PENINSULA — DOHA of 13.1 percent compared to June net profit rises 65.5% 2020. Total Capital adequacy of Qatar Islamic Bank (QIB) the bank under Basel III guide- THE PENINSULA — DOHA announced yesterday that its net lines is 18.4 percent as of June profit attributable to the share- 2021, higher than the minimum Vodafone Qatar P.Q.S.C. holders of the bank amounted to regulatory requirements pre- (Vodafone Qatar or the Company) QR1,595m for the six months’ scribed by Qatar Central Bank announced yesterday reported period ended June 30, 2021, and Basel Committee. net profit of QR134m for the six representing a growth of 11.8 In May 2021 Moody’s months ended June 30, 2021 percent over the same period in Investors Service, (Moody’s) also representing an increase of 65.5 2020. affirmed the Long-term deposit percent year-on-year, mainly Total assets of the bank now ratings at “A1”. In April 2021, driven by higher EBITDA. at QR472m, representing a strong stands at QR184bn higher by 5.4 Capital Intelligence Ratings (CI) Total Revenue of the improvement of 21.1 percent year- percent compared to December has affirmed the Bank’s Long- Company increased by 8.5 on-year, positively impacted by 2020 and a growth of 10.9 percent term Currency Rating (LTCR) of percent year-on-year to reach higher Service Revenue and con- compared to June 2020. ‘A+’. In March 2021, Standard & QR1.16bn driven by continued tinued cost optimization initia- Financing activities that are the Poor’s (S&P) affirmed the Bank’s growth in the company’s tives. EBITDA margin expanded primary driver for the asset credit rating at ‘A-’ while postpaid revenue and fixed by 4.2 percentage points to reach growth, have now reached upgrading the Bank’s Stand-Alone broadband services in addition 40.6 percent. Vodafone Qatar is QR127bn having grown by 6.7 Credit Profile. In November 2020, to higher handset sales. Service now serving 1.7 million mobile percent compared to December Fitch Ratings affirmed the Bank’s Revenue grew by 7.8 percent to customers representing an 2020 and up by 13.2 percent com- A view of QIB head office. credit rating at ‘A’. reach QR1.08bn. increase of 3.9 percent pared to June 2020. Customer In the first half of 2021, QIB EBITDA for the period stood year-on-year. Deposits of the Bank now stand Total assets of the bank now stands at QR184bn has received a number of pres- at QR125bn higher by 6.1percent higher by 5.4 percent compared to December 2020 tigious awards from well- compared to December 2020 and and a growth of 10.9 percent compared to June 2020. respected international publica- a growth of 17.6 percent com- tions. Bassel Gamal, QIB Group’s Turkey's Central Bank pared to June 2020. Financing activities that are the primary driver for the CEO has also entered Forbes’ Total income for the six months’ asset growth, have now reached QR127bn having grown prestigious Top CEOs in the keeps interest rates steady period ended 30 June 2021 was by 6.7 percent compared to December 2020 and up by Middle East ranking. QR4,112m registering a growth of 13.2 percent compared to June 2020. QIB has recently received ANADOLU — ISTANBUL The effects of the rising global 3.5percent compared to QR 3,972m the prestigious ‘Islamic Bank of inflation and inflation expecta- for the same period in 2020. Income the Year in Qatar’ for the 9th Turkey's Central Bank yesterday tions on international financial from financing and investing activ- enhancement of efficiencies with for the six months’ period ended consecutive year, and ‘Islamic kept its one-week repo rate — markets remain significant," it ities reached QR3,543m almost in cost to income ratio improving 30 June 2021 as against QR602m Bank of the Year in The United also known as the policy rate — added. A total of 15 economists line with the first half of 2020, from 21.1 percent to 17.5percent set aside during the same period Kingdom’ at The Banker Maga- steady at 19 percent, in line with surveyed by Anadolu Agency last reflecting a healthy performance in in the first half of 2021, the best last year. In line with the Bank’s zine’s Islamic Bank of the Year market expectations. week forecast no change in its core operating activities despite in the Qatari banking sector. conservative impairment policy 2021 Awards. The Bank was After the committee's seventh interest rates. the sharp drop in the global interest QIB was able to maintain the the coverage ratio for non-per- awarded two prestigious acco- Monetary Policy Committee meet- The bank had also kept its and profit rates. ratio of non-performing forming financing assets as of lades at Global Finance’s 2021 ing of the year, the bank said in a benchmark interest rate constant Total expenses for the six financing assets to total financing June 2021 was improved to Innovators Awards, with both statement: "The strong recovery at 19 percent in its previous Mon- months’ period ended 30 June assets at 1.4 percent reflecting the 95.2percent compared to 92.3 QIB’s Domestic Workers Digital in the global demand, increasing etary Policy Committee meeting 2021 was QR535m lower by quality of the Bank’s financing percent as at December 2020. Accounts and Integrated trend of commodity prices, supply last month. Turkey's annual infla- 2.8percent compared to the same assets portfolio. The Bank con- Total Shareholders’ Equity of Services on PoS for Corporate constraints in some sectors and tion rate stands at 17.53 percent period in 2020. Strict cost continued to create additional pre- the Bank has reached QR 19bn and SME Customers winning the rise in transportation costs in June, according to the latest trols supported by higher oper- cautionary impairment charge up by 3.8 percent compared to ‘Outstanding Innovations in have led to producer and consumer data from the Turkish Statisti- ating revenues enabled further on financing assets for QR915m December 2020 with a growth Islamic Finance’. price increases internationally." cal Institute. Marginal Successful policies helped Qatar economy to overcome COVID-19

QNA — DOHA economic openness. QR39.9bn, compared to the society, especially through the decline in General Manager of Qatar surplus of the trade balance for “Takatuf Initiative”, which strove Measures taken by Qatar and the Chamber (QC), Saleh bin Hamad the first quarter of last year, which to encourage all members of the CPI of June economic stimulus packages for Al Sharqi (pictured) affirmed in amounted to QR33.6bn. Chamber from the private sector, the affected economic sectors an exclusive statement to QNA During the first quarter of public shareholding companies THE PENINSULA — DOHA contributed to the resilience of the that the economic policies 2021, the value of Qatari exports, and businesspersons, to participate Qatari economy during the chal- pursued by the State have proven including exports of local goods in supporting the State’s efforts to The Consumer Price Index lenging situation created by their effectiveness during the and re-exports, amounted to limit the spread of COVID-19. (CPI) of June 2021 reached COVID-19 pandemic. COVID-19 crisis, as the Qatari QR64.0bn, an increase of Al Sharqi also pointed out that 97.85 points, showing a Proactive attitude and quick economy was able to overcome QR4.5bn. the Chamber intensified its activ- decrease by 0.20% when adaptation to changes formed a the negative effects of the crisis, The State’s merchandise trade ities during the last period, and its compared to CPI of May 2021. basic pillar of the country’s plans maintain its flexibility and con- balance data revealed a huge leap sectoral committees played a pio- Compared to CPI of June 2020, and programs, and flexibility was tinue to attract more investment. in May 2021, as the ratio amounted neering role in studying all the [Y-o-Y basis], an increase of adopted to be a main approach in Economic activity began to return to 211.4 percent on an annual basis obstacles facing local companies, 1.98% was recorded in the dealing with various regional and to pre-Covid levels, prompted by reflected positively at various eco- (compared to May 2020) and it while the Chamber discussed general index (CPI) of this international challenges, espe- the financial package approved nomic levels. recorded a monthly increase of them with the concerned author- month, according to the cially during the current situation by the government with the aim Data from the Ministry of 29.9 percent compared to April of ities to find appropriate solutions Planning and Statistics witnessed by all countries of the of helping the private sector Finance (MOF) showed that the this year, to reach QR16.6bn. The for them. The Qatari private sector Authority (PSA) data. world following the pandemic and overcome the crisis, he added. balance of the State’s budget value of the total Qatari exports, has maintained its productivity An analysis [on M-o-M the drop in oil and gas prices, as Al Sharqi praised the laws and shifted from a projected deficit to which includes exports of local despite the challenges of the crisis, basis] of CPI for June 2021 affirmed by H E Minister of Com- legislation approved by the State a surplus of about QR0.2bn, in origin and re-exports, rose to and has also been able to compared with CPI, May 2021, merce and Industry and Acting during the past few years, order to improve the efficiency of approximately QR24.9bn, an overcome these challenges, he showed that there were seven Minister of Finance on more than stressing that they contributed to spending that coincided with the increase of 87.8 percent compared said, adding that the private sec- main groups, where respective one occasion. preventing major impacts on the promotion of revenue collection, to May 2020, and 18.9 percent tor’s exports have returned to their indices in this month have Qatar’s moves to diversify its economy and helped to overcome which in the first quarter of 2021 compared to April 2021. levels before the COVID-19 and decreased, namely: “Clothing economy have also contributed the crisis with minimal losses, amounted to QR45.2bn, while The private sector had a vital reached many markets. and Footwear” by 2.06%, fol- to facing economic crises and especially the Public-Private Part- total expenditure amounted to and important role in facing the Thanks to the policies that the lowed by “Recreation and challenges, including investment nership (PPP) Law, the Investment QR45.0bn for the same period. pandemic, as Qatar Chamber country has followed since the Culture” by 1.99%, “Commu- in vital and important sectors, of Non- Qatari Capital Law and Many indicators also show launched initiatives and activities beginning of the pandemic to deal nication” by 1.00%, “Housing, such as health and technology, other important legislation. that the Qatari economy is on the that contributed to alleviating the with its negative effects, the State Water, Electricity and other development of free zones, and Qatar’s various economic way to recovery and in a record impact of the crisis on business of Qatar has been among the top Fuel” by 0.35%, “Transport” by the continuation of giant infra- indicators confirm that the period, as the data of the Planning sectors and stimulating companies. 20 countries that introduced 0.21%, and “Furniture and structure projects such as the measures taken, the stimulus and Statistics Authority revealed In this context, Al Sharqi high- reforms related to facilitating Household Equipment” and expansion of Hamad International packages provided, the fiscal pol- that the trade balance of the State lighted the role played by Qatar business activities last year out of “Miscellaneous Goods and Airport (HIA) and Hamad Port, icies pursued, as well as the of Qatar achieved during the first Chamber during the COVID-19 190 countries, according to the Services” by 0.03% each. An which will entrench the country’s improvement in oil prices, have quarter of this year a surplus of pandemic, by contributing to the World Bank Group (WBG). increase has been recorded in “Food and Beverages” by 1.29%, “Education” by 0.26%, and “Restaurants and Hotels” Alfardan Commercial unveils by 0.73%. “Tobacco”, “Health” had remained flat at the last month’s price level. mobile service vans concept A comparison of the CPI, THE PENINSULA — DOHA June 2021 with the CPI, June Commercial’s service centre via phone call 2020, shows an increase in the Alfardan Commercial unveiled its mobile or message, to request the required tire. general index (CPI) by 1.98%. service vans concept of Fit & Fix, designed The Fit & Fix mobile service vans will then This [Y-o-Y] price increase to provide express and premium services accommodate the customer’s requests and primary due to the prices to customers at their place of residence. will provide all required services. Shambil rising in eight groups namely: Upon request, Alfardan Commercial Basit, General Manager - Alfardan Com- “Transport” by 9.38%, fol- Customer service providers will set up an mercial addressed the latest premium lowed by “Recreation and appointment with customers over the service provided: “We at Alfardan Com- Culture” by 6.71%, “Restau- phone, to schedule their Fit & Fix service mercial are excited to introduce our latest rants and Hotels” by 6.37%, appointments to help assist them with all best-in-class support service to our clients Education” by 3.99%, “Fur- necessary tire change, flat repair battery and are proud to announce that we will niture and Household or oil change requirements. The service be adding it to our list of services provided Equipment” by 3.18%, “Miscel- van will then be dispatched to the location by the company.” “These vans will offer laneous Goods and Services” provided by the customer to provide the our customers a diverse range of service by 3.14%, “Communication” by scheduled service. options that will be integrated by our team meet their own high standards, to help “Continental”, a manufacturer of safe and 2.99%, and “Food and Bev- The aim behind providing the latest of trained technicians, who will pay our achieve customer satisfaction. efficient tires for passenger cars, com- erages” by 2.09%. A decrease premium service, was to ensure the cli- customers a visit wherever is requested Alfardan Commercial takes extreme mercial vehicles and two-wheelers; has been shown in price levels ent’s tire, oil and battery services are met and will cater to their entire tire, oil & measures to ensure the fulfilment of the Castrol, the leading manufacturer of of three groups namely: efficiently and diligently, and thus came battery related requirements directly.” He most specific requirements of all inde- Premium lubricating oils, greases, and Housing, Water, Electricity the inception and the development of the added. “This premium service will help us pendent ventures and companies in the customer related services in the auto- and other Fuel” by 6.50%, mobile service vans. The service vans come to offer the complete comfort and satis- automotive aftermarket. It is also com- motive and industrial sectors; And FIAMM, “Clothing and Footwear” by equipped with the most-advanced, state- faction for our customers.” mitted to providing all the training nec- a manufacturer and distributor of auto- 4.72%, and “Health” by 0.07%. of-the-art tools necessary to carry out all Alfardan Commercial was established essary for its employees to develop their motive and industrial start-up batteries; No changes recorded on on-site replacement services. in 2013 and has witnessed many stages of knowledge of its growing roster of And YIGIT AKU, which is a leading “Tobacco”. As a token of acknowledgment of the development since its inception. Alfardan products and expand their expertise in investment company in the field of bat- The CPI of June 2021 customers’ loyalty, and in the spirit of its Commercial works in direct partnership order to enhance their ability to provide teries in Turkey, with an annual pro- excluding “Housing, Water, commitment to providing the utmost cus- with the most distinguished brands in the assistance to these independent companies duction capacity of 5,000,000 batteries; Electricity and other Fuel” tomer service possible, Alfardan Com- industry to provide its customers with the so that they can thrive in a fast paced envi- And Federal Mogul, a leading manufac- group stands at 100.68 points mercial will be running a unique promo- most premium services available in the ronment characterized by competition and turer and supplier of premium automotive recorded a decrease by 0.17%, tional offer on Continental tires. Customers market, along with top-notch, high-quality rapid and changing developments. aftermarket parts, and a supplier of fac- when compared to the index will have the unique opportunity to receive products. The company also has close links Alfardan Commercial offers a variety tory-installed original equipment of May 2021, and an increase 1 complimentary tire, when they make a with manufacturers to ensure that its of products throughout Qatar. Its roster products for cars, trucks, commercial and by 4.18% when compared to purchase of another tire. Customers are services are constantly elevated and of brands include leading multinational agricultural vehicles, railway and aero- the CPI of June 2020. encouraged to contact Alfardan enhanced, to exceed its own expectations, companies worldwide, such as: space applications worldwide. 16 BUSINESS THURSDAY 15 JULY 2021 Qatargas-chartered LNG vessel makes Industrial production in Europe jumps in May first call at Kuwait’s Al-Zour terminal ANADOLU — ANKARA climbed in all EU countries, with the largest rises seen in THE PENINSULA — DOHA receiving terminal will contribute Industrial production in Europe Hungary (+40.3%), Slovakia towards strengthening our showed a significant (+36.8%), and Poland (+30.2%). Qatargas Operating Company business relations with KPC.” improvement in May compared In the bloc, production of Limited (Qatargas) delivered the Al-Zour LNG terminal is set to the same month last year – durable consumers rose by first ever cargo of liquefied to be amongst the largest in the near the peak of the COVID-19 39.1%, capital goods by 29.6%, natural gas (LNG) on a Q-Flex world by overall import capacity pandemic to date – the bloc's intermediate goods by 24.2%, LNG carrier to commission of 22 million tonnes per annum statistical authority said non-durable consumer goods Al-Zour LNG receiving terminal (MTPA) by 2022. Currently it is yesterday. by 10.1%, and energy by 7.1%. in Kuwait in July 2021. the world’s largest capacity LNG The figure rose 21.2% year- Meanwhile, on a monthly The cargo was loaded aboard storage & regasification green on-year in the EU27 and 20.5% basis, industrial output fell 1% the Qatargas-chartered LNG field project. The terminal con- in the eurozone, Eurostat said in the eurozone and 0.9% in the vessel, ‘Al Kharsaah’, at Ras Qatargas-chartered LNG vessel ‘Al Kharsaah’ sists of two jetty heads, capable in a statement. The eurozone/ EU in May. Laffan on July 9, 2021 and of simultaneous discharging and euro area, or EA19, represents On Tuesday, the Turkish Sta- delivered to Al-Zour LNG ter- delivery, Khalid bin Khalifa Al commissioning cargo to this has eight storage tanks, with a net member states that use the tistical Institute announced that minal, owned and operated by Thani, Chief Executive Officer, landmark facility in cooperation volume capacity of 225,000 single currency – euro – while Turkey's industrial production Kuwait Petroleum Corporation Qatargas, said: with our strategic business cubic metres for each tank, with the EU27 includes all member in the month rose 1.3% on a (KPC), three days later. Com- “At Qatargas, we’re honored partners at KPC. The successful an overall capacity of 1.8 million countries of the bloc. monthly basis and jumped 40.7% menting on this milestone to have been able to supply the commissioning of this LNG cubic metres for eight tanks. Industrial production annually. AAB celebrates launch of all-new 2022 Land Cruiser in Qatar THE PENINSULA — DOHA Manager, Middle East & Central options, including two newly Asia Division said that Toyota’s developed V6 twin-turbo engines. Reinforcing the legendary status motto is to be “Best in Town”. The The V6 twin-turbo 3.5-liter petrol of one of the Qatar’s best-loved new Land Cruiser is designed and engine achieves class-leading vehicles, Abdullah Abdulghani & engineered to further enhance the performance that surpasses that Bros. Co. (AAB) -Toyota launched on-road confidence and off-road of a conventional V8, producing the eagerly-awaited, new gener- expertise which ensures the Land 409 hp and up to 650 nm. Mean- ation of its iconic Land Cruiser in Cruiser remains the king of while, the V6 twin-turbo engine Qatar. The launch event held in on-road and off-road. Many tech- 3.3-liter diesel variant, which will the Toyota Main Showroom, Al nical teams from Toyota Motor be available to buy in the region Abdulghani Tower was attended Corporation have visited Qatar in soon, is capable of 302 hp and up by Journalists & social media the past to take feedback of cus- to 700 nm. Both of these newly representatives in the presence tomers and TMC has tried to developed engines are mated to of Abdulrahman Abduljaleel Al implement the valuable feedback a 10-speed automatic trans- Abdulghani, Chairman, given to them in the new vehicles. mission. The vehicle is also Abdulghani Abdullah Al Takami Yokoo, Chief available with a naturally aspi- Abdulghani, Vice Chairman along Engineer of new Land Cruiser rated 4.0-liter V6 petrol engine with senior management of AAB. highlighted that TMC has incor- that produces 271 hp and up to The all-new Land Cruiser porated valued customers 385 nm mated to a 6-speed auto- combines outstanding all-terrain feedback on the new Land matic transmission. performance with a spacious, Cruiser. Yokoo also emphasized Available in 10 distinctive high-quality interior to bring the importance of purchasing Officials during the launch event of all-new 2022 Land Cruiser held at the Toyota Main Showroom, exterior colors, the all-new Land drivers and passengers an Land Cruiser from the official Al Abdulghani Tower. Cruiser allows customers to elevated experience on every trip. distributor for Toyota vehicles express their individuality. These Abdulrahman Abduljaleel Al in Qatar which is AAB as they that regardless of how times of the all-new Land Cruiser is a go-anywhere capability truly include three newly available Abdulghani, Chairman, AAB wel- offer the best purchase and after change, Land Cruiser must celebration of its 70th year as an delivers the joy of mobility, colors; Precious White Pearl, with comed the guests attending the sales support. remain true to its roots. As such, icon, and I sincerely hope it can bringing unrivaled performance, true pearl texture and high event. The launch event was Since first launching in 1951, our goals for the new Land be a source of vitality and safety, and comfort to drivers brightness; Dark Blue MC, a high- restricted to limited number of the Land Cruiser has become Cruiser are best-ever off-road support for our customers and passengers alike.” quality dark blue that reflects attendees as well as to follow the renowned for its exceptional off- performance as well as setting around the world.” “The legendary Land Cruiser urban styling; and Avant-garde COVID protocol and MOPH road capabilities in adverse envi- a new benchmark in body-on- “We are excited to introduce embodies Toyota’s reputation for Bronze ME, a rich bronze with a guidelines. R K Murugan, CEO, ronments. Throughout its 70-year frame on-road performance. My the all-new Land Cruiser, an reliability, durability, and capa- strong presence. Meanwhile, the AAB thanked loyal customers for history, it has served as an indis- team and I are eager for cus- iconic vehicle that has earned its bility, and has become an integral interior is available in a choice of their trust and loyalty towards pensable tool that supports peo- tomers to experience this long- place in the hearts of drivers part of people’s lives for 70 years Neutral Beige, Black, or Dark Red. Land Cruiser and making it truly ple’s livelihoods in remote desti- anticipated evolution, with around the world and remains not only in the Middle East, but in The vehicle also comes equipped the “Pride of the Land”. nations, contributes to humani- groundbreaking enhancements Qatar’s most popular SUVs,” said virtually every part of the globe. with new 17-inch, 18-inch, or Due to COVID, representa- tarian aid and disaster relief to the platform and powertrain, Kei Fujita, Chief Representative, We thank our loyal customers for 20-inch alloy wheels. The tives from Toyota Motor Corpo- efforts, and enriches people’s lives an overwhelming exterior Middle East and Central Asia their enduring support and 18-inch wheels are available in a ration (TMC) could not personally through experiences only the presence and an interior Representative Office, Toyota remain committed to working choice of two designs, one of attend the event. However, in the Land Cruiser can provide. appointed with enough luxury Motor Corporation. “Equally at hand-in-hand to create ever- which offers better off-road per- video message that was delivered Takami Yokoo, Chief and functionality to make cus- home during off-road adven- better cars.” Fujita added. formance while the other to Land Cruiser fans in Qatar, Engineer in charge of devel- tomers forget they are traveling tures or navigating today’s urban The 2022 Land Cruiser comes expresses functional beauty and Takayuki Kanno, Project General opment, commented: “I believe over harsh terrain. The launch cityscapes, the Land Cruiser’s with a choice of three powertrain practicality.