Page 01 June 13.Indd

Tamim is Qatar Qatar is Tamim 3rd Best News Website in the Middle East BUSINESS | 17 SPORT | 24 Qatar Chamber Qatar vow praises Turkey quality show for support on home soil Tuesday 13 June 2017 | 18 Ramadan 1438 www.thepeninsulaqatar.com Volume 22 | Number 7191 | 2 Riyals It is quite difficult for us, the generation that built the GCC 37 Qatar capable of years ago, to see the divisions among its members that may not end well.Almost four decades ago, I lived the first moments of building the GCC and this is why I cannot stand silent without withstanding any trying to mediate for the rapprochement among the brothers. It is a duty that I cannot walk away from. No matter how difficult the efforts, I will do my best to mediate among the brothers." economic shock Kuwait Emir H H Sheikh Sabah Al Ahmad Al Jaber Al Sabah. Washington FM: Qatar does not QNA Qatar Airways urges UN accept commands inister of Finance from abroad H E Ali Shareef Al Emadi said that the action against blockade FOREIGN MINISTER H E Sheikh State of Qatar is Mohammed bin Abdulrahman Al capable of with- Thani stressed that the State of Mstanding any economic shock in United Nations aviation body should Qatar Airways reported a 21.7 percent rise in Qatar still does not know the rea- light of the diplomatic crisis declare Gulf Arab measures against net profit in its last financial year that ended sons that prompted the Kingdom between Qatar and some Gulf "Qatar is a very strong A Qatari air traffic as illegal, the Chief in March, fueled by a strategy of investment of Saudi Arabia, the United Arab states, adding that Doha will not economy and it's a big Executive of Qatar Airways said in comments and expansion. Emirates, and the Kingdom of be the only loser in this crisis. to CNN published yesterday, after some Arab Bahrain to Boycott it. He stressed The Minister said during an economy. And I think states cut ties with Doha in a diplomatic row. that Qatar does not accept any interview with CNBC Network: Akbar Al Baker criticised Saudi Arabia, dictations from abroad when it "Sometimes a lot of people think that if we're going to lose a the United Arab Emirates and Bahrain for comes to taking measures against we're the only one to lose in this. I dollar they will lose a closing their airspace to Qatari flights a week the illegal blockade enforced on don't think so. Qatar is a very strong ago. He appealed to the International Civil Qatar. The Foreign Minister was economy and it's a big economy. And dollar also." Aviation Organization (ICAO), a UN agency speaking at a press conference I think if we're going to lose a dollar H E Ali Sherif Al Emadi, which administers the Chicago convention held in Paris yesterday. they will lose a dollar also." that guarantees civil overflights. →Full report on page 3 Responding to a question about the Minister of Finance. “We have legal channels to object to this,” fears of shortage in food supplies, he said. “ICAO... should heavily get involved, Ali Sherif Al Emadi said: "We bring put their weight behind this to declare this food previously even, you know as down concerns about the collapse an illegal act.” Shipments with far as Brazil and Australia. That was of Qatar's financial markets after the The UAE, Bahrain and Saudi Arabia have "It is actually a travesty around 300 contain- even before this embargo happened. Doha index fell by 7.1 percent last signed the convention. Baker said 18 desti- of civilised behaviour ers of fresh and frozen And we're going to continue this and week, saying it was "very much nations were now out of bounds for the food began arriving we're going to make sure that we are understandable " and there is no airline. He also criticised Saudi Arabia and to close airline offices. even more diversified than we were need to worry because Doha has all the UAE for shutting down the airline’s offices. from Oman. About 12 before." The State of Qatar is keen the tools to defend its economy and “It is actually a travesty of civilised behav- Airlines offices are not vessels were headed on diversifying its economy, the currency. iour to close airline offices. Airlines offices to Qatar from Sohar Finance Minister added. → Continued on page 3 are not political arms,” he said. “We were political arms.” H E Ali Sherif Al Emadi played → See also page 17 sealed as if it was a criminal organization. and Salalah. We were not allowed to give refunds to our Akbar Al Baker, Chief passengers.” Executive of Qatar Airways Amnesty International criticises blockade He added that he was “extremely disap- The world's No.1 pointed” in US President Donald Trump. container line, Maersk MEASURES taken by Saudi Arabia, the United Arab Emirates and Bah- “(The US) should be the leader trying to of Denmark, said it rain to deal with the repercussions of the blockade on the State of Qatar break this blockade and not sitting and and its impact on common families are vague and insufficient, and do not watching what’s going on and putting fuel on would accept new address the human rights situation, Amnesty International said. (the) fire,” he said. bookings for container This came during the meeting of Chairman of the National Human In separate interview with the Wall Street shipments to Qatar Rights Committee (NHRC), Dr Ali bin Sumaikh Al Marri, with Salil Shetty, Journal, Al Baker said he would not delay any from Oman. Secretary-General of Amnesty International, at its headquarters in Lon- plane orders or put expansion plans in other don. →Full report on page 2 countries, such as India, on hold. On Sunday Italy and Qatar have agreed to continue their close Morocco plans to send aeroplanes QCB: Banking sector economic and financial cooperation, despite last loaded with food products to Qatar, week's decision by Saudi Arabia, the United Arab in accordance to King Mohammed VI functioning normally Emirates and other Arab countries to cut diplomatic, instruction, said the foreign ministry QNA Qatar's banking sector remains travel and trade ties with Qatar. statement. strong and meets all customer GOVERNOR of Qatar Central requirements, noting that Qatari Bank (QCB) H E Sheikh Abdul- banks have an extensive inter- The inhuman and illegal blockade has prompted one Qatari businessman to fly 4,000 cows to Qatar in an act lah bin Saoud Al Thani national presence that includes of resistance and opportunity to fill the void left by a collapse in the supply of fresh milk. It will take as many affirmed that Qatar's banking key financial centers in Asia and sector is functioning normally Europe, giving them additional as 60 flights for Qatar Airways to deliver the 590kg beasts that Moutaz Al Khayyat, Chairman of Power In- and without disruption to any flexibility and capacity to carry ternational Holding, bought in Australia and the US. “This is the time to work for Qatar,” he told Bloomberg. domestic or international out all banking transactions transactions. whether domestic or →Full report on page 5 In a statement, Sheikh international. Abdullah bin Saoud Al Thani Sheikh Abdullah bin Saoud stated that QCB is fully commit- Al Thani said that QCB has a ted to the freedom to transfer range of monetary and finan- money in and out of the country cial tools that are adequate and World Cup preparations continue as normal and that QCB has sufficient for- capable of ensuring that the eign currencies reserves to meet banking sector in the State con- Doha the centre of a diplomatic crisis doesn't seem to be any issue of Bahrain and others accuse Qatar all requirements. The QCB Gov- tinues to function normally AFP which has seen Qatar cut off getting materials in. of supporting extremist groups, ernor affirmed that liquidity in without disruption. politically — and economically "I don't think it is something a claim vehemently denied by atar's World Cup prepara- — from neighbouring Gulf coun- we are worrying about too Doha. tions continue "as normal" tries, organisers were unworried, much." Since the crisis erupted As a result, these countries Qand organisers remain said the source. a week ago, questions have been and allies have severed trans- EDITORIAL: RAMADAN confident that stadium construc- "I think, for us, it's business asked about Qatar's readiness port links to Qatar, closing its TIMING tion deadlines will be met, a as usual, we have to continue as and suitability to host the 2022 only land border, airspace and The human cost source close to the 2022 tourna- normal," said the source. tournament. denying it the chance to trans- Today’s Iftar 6:28pm ment said. "In any construction project Saudi Arabia, the United port cargo by ship via the UAE. → Page 8 Tomorrow’s Imsak 3:04am Despite the country being at there are plans B and C. There Arab Emirates, → Continued on page 2 02 HOME TUESDAY 13 JUNE 2017 Ministry detects 70 Prime Minister meets UK Cyber Security Ambassador Emir sends greetings retail outlet violations to Russia's The Peninsula charging customers more than the advertised price; announc- President he Ministry of Economy ing promotional offers without and Commerce intensified obtaining a licence from the QNA Tits inspection campaigns competent department; and fail- in May to ensure the compliance ing to display product mir H H Sheikh Tamim of suppliers (retail outlets) with descriptions and ads in Arabic.

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