Business

WEDNESDAY 16 DECEMBER 2020 enhanced its economic laws, means of resolving commercial disputes The Qatari Arbitration Law indicates the role of arbitration institutions and their authority in administrating the procedures. It contains only few mandatory rules.

Sheikh Dr. Thani bin Ali Al Thani Member of Court of International Arbitration BUSINESS | 03 QSE 10,480.69 -1.27 (0.01%) FTSE 100 6,513.32 −18.51 (0.28%) DOW 30,179.17 +317.62 (1.06%) BRENT $50.55 (+0.24)

Qatar's economic recovery Vodafone covers unmatched in the region Stadium SACHIN KUMAR with its 5G network that we have here in Qatar has THE PENINSULA THE PENINSULA — The PMI readings have seen a been in continual demand World Cup preparations accel- throughout the COVID-19 erate, so will fans’ expectation The recovery in Qatar’s consistent rise in the past few crisis,” he said. In yet another 5G milestone, for super-fast connectivity. economy is consistent and is months. The PMI rose to 52.5 "So we have only had to Vodafone Qatar announced The ability to share videos, unmatched in the region. The in November, from 51.5 in shut in about 1.3 percent of that yesterday that it has expanded pictures and messages with long term growth prospects of October, to signal an production over the period its 5G network to cover Al people online will be an Qatar’s economy are bright and improvement in operating versus (some of) our neighbours Rayyan Stadium, paving the important aspect of the fan expe- the economy is expected to conditions in the non-energy have had to shut in 10 percent way for a truly incredible expe- rience and with more than a grow at a faster pace over the private sector. crude oil production during the rience for fans during the FIFA million people expected to travel next decade, said a senior same time,” he added. and those will not only be in World Cup Qatar 2022 and for to the Middle East’s first World official of Qatar Financial Qatar’s economy is service of the games themselves all other local and international Cup, the level of connectivity and Centre (QFC). expected to witness accelerated but also will be adapted for sporting events to take place in sharing will be exceptional. “The Purchasing Managers’ November, from 51.5 in growth over the next decade, touristic use or all sorts of com- the stadium. The incredibly fast speeds Index (PMI) tells us that Qatar’s October, to signal an helped by World Cup related mercial uses in the years The country will get its first and ultra-low latency that 5G economic recovery is all about improvement in operating con- preparations, expansion of LNG ahead,” he said. glimpse of the visually stunning technology delivers enabling fans sustained recovery and new ditions in the non-energy production capacity and “The second major factor is and culturally important to stay seamlessly connected business and that is unmatched private sector. The PMI stood at increased activities in free the North Field Expansion and 40,000 capacity venue on during the tournament will form in our region. I see, for example, 51.5 in October, up fractionally zones. that is going to be looking out December 18 when the stadium a large part of delivering an over the last four months that from 51.4 in September, driven “We have a lot of promise from 2025 to 2028. This is 64 plays host to Al Sadd and Al unforgettable experience for we have had a large increase in by strong business expectations over the next decade to be percent increase in terms of Arabi and spectators can those inside the 2022 venues. new orders and those continue and realised transactions. growing at a fast pace and those LNG export capacity. That is capture the event’s highlights Vodafone is fully prepared to to be so,” Senior Economic “The Purchasing Managers’ are really for three primary going to be brought online up via 5G smartphones powered deliver this experience not only Advisor, Qatar Financial Centre, Index only covers four non- reasons. One is the preparations to until 2028 according to latest by Vodafone Qatar’s incredibly in stadiums but across country. Thaddeus Malesa (pictured) energy sectors and for Qatar’s for the FIFA World Cup 2022 industry estimates. This will fast 5G network. Since the Company said in a video posted on QFC’s economy LNG, crude oil, con- where we anticipate hosting 1.5 obviously expand not only the Al Rayyan Stadium is the switched on its 5G network 2 social media account. densates, and related products million visitors and in terms of amount of LNG but also the third Qatar 2022 stadium to be years ago, Vodafone’s 5G The PMI readings have seen are extremely important and we fiscal outlook a lot of these condensates and derivatives covered with Vodafone GigaNet network has expanded to now a consistent rise in the past few have been fortunate because projects, big infrastructure that are available for processing 5G, following Al Janoub and cover 75% of Doha and other months. The PMI rose to 52.5 in this diversified production suit projects are being completed and for export,” he said. Education City. As Qatar’s 2022 key areas outside the capital. 02 BUSINESS WEDNESDAY 16 DECEMBER 2020 Qatar takes part in Qatar-Austria trade volume exceeds $210m Partnership Summit 2020 THE PENINSULA — DOHA sides, noting that the AACC THE PENINSULA — DOHA Qatar’s investment envi- plays a vital role in this regard, ronment, as well as the prom- Chairman of Qatar Chamber, terming it as ‘a bridge’ between Minister of Commerce and ising investment opportunities Sheikh Khalifa bin Jassim Al Arab states and Austria. Industry, H E Ali bin Ahmed Al that would contribute to Thani has participated in the He also pointed out to the Kuwari, chaired the Qatari attracting more foreign direct General Assembly Meeting of strong relation between the delegation that participated in investments and enhancing the 29th Session and 30th State of Qatar and Austria, the 26th session of the Part- Qatar’s competitive position in Meeting of the Board of underlining the interest of both nership Summit 2020, which the region and beyond. Addi- Directors of the Arab-Austro countries to promote their was held through video confer- tionally, the Summit features Chamber of Commerce (AACC) investment and trade cooper- encing technology, from looking into expanding held yesterday via video confer- ation, as well as strengthen December 15 -18, in Mumbai. business partnership opportu- encing. cooperation prospects between The participation of Qatar nities in various sectors of The meetings discussed a business sectors for the good of in this year’s summit, which common interest. report on the economic and both countries’ economies. Chairman of Qatar Chamber, Sheikh Khalifa bin Jassim Al Thani was held under the theme: The Partnership Summit commercial cooperation Qatar and Austria enjoy participating in the meeting. “Partnerships for Lives, Live- had 25 previous sessions, wit- between Arab countries and close and multi-faceted rela- lihood, and Growth”, comes nessing the participation of a Austria, in addition to other tions, he noted adding that the third quarter of 2020. There are Commerce (AACC) aims to within the framework of the number of ministers, senior topics identified in the agendas private sectors in both sides about 33 Austrian companies strengthen the economic and endeavors aimed at discussing officials, decision-makers, of meetings. sought to support these rela- operating in Qatar with Qatari commercial ties between ways to enhance trade and business leaders, political For his part, Sheikh Khalifa tions. The two countries’ partners and three companies Austria and the Arab countries, investment cooperation leaders, investment organiza- underscored the importance of bilateral trade amounted to with full Austrian capital, he as well as enhance communi- channels between Qatar and tions, investors, and experts in underpinning the economic $210m last year, while it said. Founded in 1989, the cation in science, art and India, and shedding light on the industrial field. cooperation between both reached $138m at the end of the Austro-Arab Chamber of technology. QFTH announces Wave 2 of Incubator & Accelerator Programs QBIC announces new THE PENINSULA — DOHA program of Wave 1, interna- early-stage startups and 12 tional and local FinTechs are mature FinTechs were chosen winners of its LMP Qatar FinTech Hub (QFTH), taking part in a series of high- to join the ongoing Programs. co-founded by Qatar Devel- level Business Development The FinTechs have been wel- opment Bank (QDB) and estab- meetings and specialized Mas- comed with open arms by the THE PENINSULA — DOHA Factory (Khalifa Al Thani), a lished to support the growth of terclasses conducted by QFTH financial service ecosystem in made-in-Qatar biscuit pro- the FinTech industry in Qatar, partners and renowned Qatar”. The MENA region’s leading duction startup, Arkana has announced that registration speakers from across the world. “The announcement of the mixed-use business incubator, (Hassan Al Ansari) for its inno- for Wave 2 of its flagship Incu- With Demo Day scheduled second wave of the Programs Qatar Business Incubation vative approach to air condi- bator & Accelerator Programs in January 2021, the Wave 1 Fin- shows our commitment Center (QBIC) has successfully tioning, and Beehive (Sarah Al is now open. Techs are well on their way to towards the development of the concluded the second wave of Dorani and Eliana), bringing the Both Programs are set to start launch a host of new and financial service ecosystem in its newly formed Lean Manu- number of ideas started by LMP in March and will run until June empowering services to fuel the Qatar,” concluded Al Khalifa. facturing Program (LMP), to 16. 2021. part of a 12-week incubation or digital transformation of the Upon the completion of the following an event streamed QBIC will support the Catering to both local and acceleration journey that will markets across the region and Programs, eligible participants live from QBIC’s headquarters winners by providing each with global FinTech entrepreneurs provide essential support globe. will also be referred to QCB’s in Doha. a workshop space at a subsi- and startups who are looking required to establish their busi- Commenting on the antic- Sandbox where they will The seven-week program – dized rate and a dedicated for a launchpad and a hub in nesses locally, regionally, and ipated Wave 2 of the FinTech receive support on licensing which is the first of its kind in office space, in addition to on- the Middle East to accelerate internationally. Programs, Abdulaziz bin needs in Qatar, in addition to the country – has seen several going coaching and mentorship their growth at an international Each participating FinTech Nasser Al Khalifa (pictured), benefiting from a fee waiver on promising industrial startups services by industry experts. level, the FinTech Programs will will receive financial and Chief Executive Officer of registration. and rapidly growing manufac- Hamad Dashin Al Qahtani, comprise of an Incubator for in-kind support of up to Qatar Development Bank & Licensing opportunities turing companies take part in General Manager at QBIC, com- early-stage startups, and an $250,000 with bespoke men- Fintech Task Force Chairman, from Qatar Financial Center practical workshops and devel- mented: “it is with pleasure to Accelerator for mature toring and training provided by said: “The first wave of the (QFC) as well as the opportunity opmental online sessions. see more aspiring entrepre- FinTechs. QFTH in the form of QFTH Incubator and Accel- to collaborate with over 17 local The LMP team received neurs participating in the LMP. The highly anticipated investment. Additionally, this erator Programs received an financial institutions and regu- applications from more than 40 This is proof that we are FinTech programs in Wave 2 investment will ensure a long- overwhelming response with lators who are part of the QFTH startups, out of which 5 teams steadily achieving self-suffi- will focus on emerging technol- term relationship between the over 750 applicants from 72 task force including Dukhan were selected to pitch their ciency in line with the nation’s ogies for financial services. The hub and the FinTech to help countries, including Qatar, UK, Bank, the QFC and Ooredoo. In ideas before a panel of expert vision. Another successful wave call for applications will open them navigate the local USA, India, Singapore, Turkey, addition to this, a range of judges. The four winners for the of the LMP concludes today, but during mid of December 2020 financial service ecosystem in Nigeria, Germany, Russia, business development oppor- second wave of the program we are excited to continue sup- for a period of 8 weeks. Fin- Qatar and also support them in Indonesia, and Australia. Fol- tunities on the global scale will were Oxy Tank (Mohsin Al porting Qatari talent to achieve Techs applying to the Programs raising the future rounds of lowing a thorough and multi- also be made available to the Shaikh), which produces maximum potential within the will get an opportunity to be funding. During the current level evaluation process, 11 successful FinTechs. watertank coolers, Biscuit manufacturing industry.” WEDNESDAY 16 DECEMBER 2020 BUSINESS 03 ‘Qatar has enhanced economic laws’ Alwadi Hotel MGallery creates special menu, offers THE PENINSULA — DOHA enjoy a broad freedom to agree virtual hearings as an option on arbitration procedures to the parties due to Covid-19 to mark National Day The State of Qatar attaches which are characterised with pandemic,” Sheikh Thani great importance to arbi- efficiency, flexibility, and added. tration, particularly through confidentiality”. Speakers during the event THE PENINSULA — DOHA the issuance of Law No (2) of Underscoring the impor- also included Dr Nader Ibrahim, 2017 promulgating the Civil tance of arbitration, Sheikh Professor of Law at Qatar Uni- Alwadi Hotel MGallery is inviting and Commercial Arbitration Thani noted that arbitration versity’s College of Law; Pamela Qatar’s citizens and residents to and selecting Qatar as a seat and other forms of ADR are McDonald, Senior Associate at share the glory of Qatar National of arbitration in a myriad of gaining popularity and confi- Pinsent Masons and Thomas Day in the historic and cultural arbitration cases, according to Opportunities’, Sheikh Thani dence by the contracting Williams, Partner of Sultan Al- heart of Doha. Sheikh Dr. Thani bin Ali Al stressed that Qatar has parties, whether public or Abdulla & Partners. “Alwadi Hotel MGallery is Thani (pictured), Member of enhanced the laws related to private entities. The webinar, which was proudly located in a truly unique Court of International Arbi- economic sectors including the With the approach of the moderated by ICC YAF Qatar location in Doha, between Souq tration, International Chamber means of disputes resolution. new year 2021, the ICC New Representative Saad Hegazy, Waqif and the stunning newly of Commerce (ICC) and repre- He added: “The Qatari Rules of Arbitration shall enter explored the current issues and developed Msheireb Downtown. sentative of the State of Qatar. Arbitration Law indicates the into application, he said the future of international arbi- It is the perfect spot to celebrate Speaking at a virtual forum role of arbitration institutions stressing that they focus on tration in Qatar, the opportu- Qatar National Day with friends including for the stunning of the ICC Young Arbitrators and their authority in admin- efficiency, flexibility, and nities for young international and family and bring us all closer 200sqm Imperial Suite - a pent- Forum (YAF) under the theme istrating the procedures. It transparency to keep the rules arbitration practitioners, as well to the culture and history of this house apartment featuring two ‘Arbitration in Qatar: Current contains only few mandatory attractive and innovative. as the current issues commonly great nation,” said Alwadi Hotel terraces with panoramic views Issues & The Next Generation rules. This means that parties “The new rules embrace experienced in Qatar. MGallery General Manager Hani of the whole city, extending from Akkari (pictured). to West Bay – To celebrate Qatar National perfect for families. Guests can Norway okays Day 2020, the hotel is offering also call the hotel for rates and LG Electronics launches PuriCare a specially crafted menu at its availability of the rooms and giant North Sea popular Arabic restaurant Sofra. suites to enjoy family staycation With interiors designed to reflect in the heart of Doha. Wearable Air Purifier in Qatar carbon storage a dhow fishing boat – which is Akkari reiterated that in inextricably linked with Qatar’s keeping with the hotel’s bou- THE PENINSULA — DOHA project history – Sofra will be show- tique and personalised nature, casing Qatari ingredients and the hotel team is determined to LG Electronics (LG) yesterday flavours and guests can enjoy create a memorable Qatar launched its personal air solution AFP — OSLO the special menu on Friday from National Day for all their guests. in Qatar, known as the LG 7pm to 11pm for just QR159 per “Qatar National Day is a PuriCare Wearable Air Purifier Norway gave approval person. chance for us to reflect and cel- at an online press conference. yesterday to a giant project to The hotel’s tea lounge, AtT- ebrate the achievements of this The LG PuriCare Wearable capture and store CO2 below EAtude, with its alfresco terrace incredible country and its Air Purifier, which has been pre- the North Sea, a technology that and menu of bespoke cakes and shining future. It carries great viously unveiled at the IFA 2020, could help efforts to reduce other treats, is also the perfect significance for citizens and res- harnesses two H13 HEPA filters, carbon emissions. location to experience the buzz idents. This year, our Qatar which work to prevent up to The Northern Lights project of Qatar National Day as the sun National Day celebrations will 99.95 percent of harmful air- aims to inject CO2 captured goes down on this special day. be a little different due to the borne matter, such as viruses, and concern for maintaining volume of the user’s breathing, from Norwegian industrial The Winter Delight afternoon COVID-19 restrictions and pre- bacteria and common allergens good air quality, which is why automatically adjusting the firms into geological formations tea is just QR175 for two people. cautionary measures, but our from entering the wearer’s res- we have continued to expand PuriCare Wearable Air Purifier’s 2,600 metres (8,530 feet) below For those wanting to enjoy team is dedicated to ensuring all piratory system. our PuriCare lineup. We are Dual Fans accordingly via three the seabed where it should be a family staycation over the of our guests have both a safe During the event, Vice seeing interest in sectors ranging speed settings. The dynamic fans trapped permanently. Qatar National Day weekend, and healthy experience on Chairman and Managing from government and B2B are able to speed up when the Initially the project aims to the hotel is also offering a range Friday as well as one they will Director of Video Home & Elec- organisations, right through to wearer is inhaling, and slow capture and store 1.5 million of special rates on request cherish,” he added. tronic Centre, Sajed Jassim everyday consumers. We are down to reduce resistance upon tonnes of CO2 per year from Mohammed Sulaiman, said: proud to empower people across exhaling. 2024, but could be expanded to “With the launch of the PuriCare Qatar to breathe better air, while The wearable air purifier handle as much as 5 million Wearable Air Purifier, LG con- remaining comfortable”. comes with a built-in, tonnes per year. Food giants urge traders to tinues to demonstrate its com- Within its research, LG iden- rechargeable 820MaH battery The day after Norwegian mitment to positively impacting which can deliver up to eight lawmakers gave their go- help save Brazil savanna people’s lives through the power hours of operation at low speed ahead, the government agreed REUTERS — SAO PAULO of technology. We look forward and four hours on the highest yesterday to finance 80 percent to seeing how this innovative setting. For added convenience, of the €650m ($790m) cost of product reimagines the future of key components such as the the first stage of the project. A group of international air purification for users across filters, inner cover, face guard, “Carbon capture and companies including Tesco, Qatar. We have full confidence ear straps and strap extenders storage is important to achieve Walmart, Unilever and McDon- that this technology will enhance are also easy to remove and the goals of the Paris ald’s yesterday urged major quality of life and provide people replace, extending usability. Agreement” that aims to limit commodities traders to stop with greater peace of mind, Coming soon, LG will also the rise in global temperatures supplying soy linked to defor- wherever they may be”. tified common challenges for release a unique case for the by reducing carbon emissions, estation from Brazil’s Cerrado, As a global leader in clean air mask-wearers, including regu- PuriCare Wearable Air Purifier, said Norway’s Petroleum and a vast savanna region and vital A logo of Tesco is pictured outside a solutions, LG has created an lating air flow without becoming which deploys the company’s Energy Minister Tina Bru. carbon storehouse. Tesco supermarket in Britain. entire new category of wearable too warm or claustrophobic and UVnano sanitisation technology Prohibitive costs have held The group of 163 companies, air purifier technology to deliver having glasses periodically fog to eliminate 99.99 percent of back carbon capture and signatories of the Cerrado Man- Anna Turrell, Tesco’s Head of a new level of portable pro- up. Additionally, as people germs in just 30 minutes, using storage (CCS) as a technology ifesto Statement of Support, said Environment. The largest tection. LG’s PuriCare Wearable become more conscious of the UV-C LED lights2. so far although there have it wrote to Archer Daniels savanna in South America, the Air Purifier has been in devel- environment, the need for a The case can also remove been a number of projects Midland (ADM), Bunge, Louis Cerrado currently produces opment since 2017, undergoing more sustainable solution was moisture from internal compo- announced in recent years. Dreyfus Company (LDC), Cargill, about 60 percent of all soybeans three years of extensive R&D and clear. nents caused by the wearer’s But while it may help decar- COFCO International and in Brazil - the world’s No.1 product testing. The PuriCare Wearable has breath, charge the device from bonise heavy industries, many Glencore in November to exporter of the oilseed that is President of LG Electronics been ergonomically designed, empty to full in just two hours environmentalists see it as a request they stop sourcing soy, crushed to make animal feed Gulf, Hongju Jeon, added: “The based on extensive facial shape and send notifications to the false solution as it would directly or indirectly, from areas and cooking oil. introduction of the PuriCare analysis. The device fits snugly user’s smartphone via the LG justify maintaining dirty cleared in the Cerrado after Environmental groups crit- Wearable Air Purifier to the around the user’s face, mini- ThinQ app when filters need production. 2020. None of the traders agreed icised Cargill last year after the Qatar market represents our mising air leakage around the replacing. Norwegian oil and gas firm to the measures, the statement company said it and the broader continued commitment to not nose and chin area. The face The LG PuriCare Wearable Equinor, France’s Total and said. food industry would miss the only championing innovation, guard also features a silicone pad Air Purifier is now available in Anglo-Dutch Shell are “We’re calling on traders to goal of eliminating deforestation but also bringing advanced tech- which seeks to promote com- Qatar at LG Brand shops, leading partners in the project. step up their own commitments from the supply chain by 2020. nology to market at rapid pace. fortable fit for hours on end and hypermarkets and electronics The project will initially and implement robust moni- Companies in North America While this device could not be reduce the fogging up of glasses, stores for the retail price of take liquefied CO2 from a toring, verification and reporting are encouraging farmers there any timelier, demand for while the inner cover prevents QR699. Two H13 HEPA Filters cement plant and transport it systems within the region, and to adopt more sustainable prac- portable protection and access internal contamination. are provided in the box, with by ship to the injection site. set a 2020 deforestation and tices, due to consumer pressure to clean air is not new. For years, LG’s patented Respiratory additional filters available for the An Oslo incinerator could conversion-free cut-off date for and expectations of more we have seen growing interest Sensor detects the cycle and retail price of QR79. also supply CO2 in the future. soy from the Cerrado,” said regulation. Auto Class Cars launches all-new vehicles for individual, transport use

THE PENINSULA — DOHA The V 90 has been furnished The new Maxus V80 now has with technological comfort and a shorter wheelbase that accom- Auto Class cars, the authorised convenience features including modates 12 seats. It is equipped general distributor of Maxus in keyless entry and ignition, with standard headlamps that Qatar, has launched the new adaptive cruise control, dual- come with tilt adjustability and Maxus vehicles for individual and zone AC and a 10-inch touch- LED Daytime Running Light. transport use in Qatar. screen display. The Maxus V80 is distin- The launching ceremony The is a compact guished with its Humanized which was held at the Auto Class MPV with 7 seats for executive Design Interior, with an Cars showroom at Salwa Road luxury transportation. Equipped advanced and economical 2.5- was attended by the Managing with a 12-inch infotainment litre turbo- that Director for Auto at Nasser Bin system, panoramic sunroof, LED generates 134hp of power and Khaled Group, Sheikh Faleh bin headlamps, automatic air-con- 330Nm of torque. The new Nawaf Al Thani, General ditioning and power tailgate. version is also equipped with Manager of Auto Class Cars, Powering and motivating the AMT Automated Mechanical Hesham Al Sahn, Head of Mar- G50 is a 1.5-liter turbocharged . keting and Communications, engine that produces 159hp and Formerly known as LDV Karim Monir, and Maxus Brand 250 Nm of torque. The engine is (Leyland DAF ), Maxus is Managing Director for Auto at Nasser Bin Khaled Group, Sheikh Faleh bin Nawaf Al Thani, with other manager in Qatar, Tamer mated to a 7-speed dual-clutch one of the products of Shanghai officials during the launch event in Doha recently. Abdallah. transmission that courses the Automotive Industry Corpo- The launch included the new power to the front wheels. ration (SAIC). It is among the 12-seater bus Maxus V80 , and tions in the country. Al Sahn added: “The launch of the favourite brands in Qatar”. Safety for all variants most respected companies for three all-new vehicles which Sheikh Faleh said: “Auto of three all-new models from The all-new Maxus V90 includes driver and front pas- light passenger and cargo have been introduced for the first Class Cars is proud today to Maxus is a clear indication of the (Deliver 9) is a completely new senger airbags, 3-point seatbelts transport, and embodies a time in Qatar including the launch four new vehicles from ambitious plans of the brand in that employs cutting- for all passengers, electronic sta- century of experience and 16-seater bus Maxus V90, the the renowned brand Maxus. The Qatar. These new vehicles are edge design. The 16-seat bus is bility control, ABS with electronic unmatched technical prowess in G50 MPV compact vehicle, and brand is globally known for its distinguished with their quality, an ideal solution for transport, brake assist, hill hold control, a commercial vehicle the seven-seater mid-size D60 reliability and sustainability, and design, feature and 5-star safety with a 2.0-litre Turbo Diesel tire pressure monitoring system, development. SUV. its response to customers’ needs ranking, making them the perfect Direct injection engine producing and an engine immobiliser as The Maxus vehicles are now The launch of the new whether for individual use, fit for everyday use. With the 148hp and 375Nm and with well as ISOFIX tethers. available in Auto Class vehicles is part of Auto Class Cars family use or transportation. This new vehicles, Maxus enters a torque peaking as low as The MAXUS D60 is an Showroom on Salwa road. Cus- and Maxus’ expansion in Qatar is in line with NBK’s strategy to new era of production, and 1,500rpm. all-new SUV launched by SAIC- tomers can visit the showroom which seeks to meet the bring to Qatar the best and latest together with Auto Class Cars, we The engine is hooked to a MAXUS. The new car is posi- from Saturday to Thursday from increasing demand on reliable products that meet our cus- are confident that this brand will new 6-speed manual trans- tioned in a medium-sized SUV 8am to 9pm and on Friday from and eco-friendly transport solu- tomers’ expectations.” maintain its top position as one mission with rear-wheel drive. and offers 7-seat layout. 5pm to 9pm. 04 BUSINESS WEDNESDAY 16 DECEMBER 2020 GECF event highlights environmental benefits of gas

THE PENINSULA - DOHA to provide energy balances with a full forecast on energy-related emissions As the world gets increasingly com- The event was opened by the for all energy sectors up to 2050. mitted to limiting global warming to Secretary-General of the Forum, Yury “Countries that adopted natural gas well below 2C degrees, the success of Sentyurin, who outlined the ongoing immediately benefitted from a various initiatives to decarbonise efforts of the GECF Secretariat to reduction of emissions. For 2020, we natural gas will be key to ensure that monitor climate actions and initiatives, of course understand that reduction of this fastest growing and the cleanest CO2 emission is mostly due to the hydrocarbon fuel remains prevailing assess their impact on energy and gas slowdown of the global economy, but in the future energy mix, participants markets and highlight the inherent this process is also due to the effect of of a recently-held Workshop on Envi- features of natural gas that make this penetration of more natural gas into ronmental Advantages of Natural Gas energy source compatible with the UN the global economy,” said Sokolov. heard. Sustainable Development Goals and “However, any progress (on emis- Organised by the Gas Exporting sions) between 2010 and 2019 is not Countries Forum (GECF), the 3rd Paris Agreement provisions. enough to meet the targets of the Paris annual edition of the workshop was Agreement and more and more efforts The Secretary-General the Gas Exporting Countries Forum, Yury Sentyurin (top), and held virtually and in the backdrop of are needed to reach the UN SDGs”. other officials during the 3rd annual edition of the workshop which was held virtually. COVID-19 pandemic when countries The Secretariat official also added, emissions and carbon-neutral system the GECF, Sid-Ahmad Hamdani, shared are juxtaposing between the need to orientations that will unfold in the that “switching from coal-to-gas, and don’t mean that fossil fuels, including key insights from the perspective of restore economies and implement future. “The world hopes to maintain oil-to-gas in transport, for instance, gas, will cease to exists to ensure zero developing an Energy Sustainability environmental safeguards. Increasing emissions on a decreasing trend will allow the world to significantly greenhouse gas emissions (GHGs). Index (ESI). An ESI aggregates several the number of participants. The impor- through sustainable means with activ- reduce CO2 emissions on a global Carbon sinks, including carbon capture indicators on different energy-sustain- tance of environmental protection in ities running and economic prosperity scale.” and sequestration, and carbon offsets, ability dimensions. energy systems was evident in the on track. That is where natural gas is The subject of how to decarbonise will be key to achieve carbon It allows ranking of countries workshop’s size, whose participants supporting nations globally.” natural gas and make it a zero- neutrality. according to the sustainability of their have been increasing in numbers since “Although there is a consensus emission source of energy was also “But obviously, renewables and energy systems and assesses the the first edition. around the need to achieve a transition tackled by the Vice-President of Wood other emerging zero and low-carbon position of natural gas in different The event was opened by the Sec- towards more efficient, less carbon- Mackenzie’s Global Gas Analysis, energy, including hydrogen, will gain countries not only on the environ- retary-General of the Forum, Yury Sen- intensive and sustainable energy Massimo Di Odoardo, who outlined the traction, providing substantial mental dimension, but also through tyurin, who outlined the ongoing systems, countries need to consider various challenges and options that dif- downside risk to natural gas in the long considering other criteria including efforts of the GECF Secretariat to energy options that allow for achieving ferent players are currently exploring. term,” he added. energy access, competitiveness and monitor climate actions and initiatives, the appropriate balance between envi- “2020 will be remembered as the According to him, decarbonising affordability. assess their impact on energy and gas ronmental and climate-related com- year when China, Japan and South natural gas is gaining momentum and According to the expert, the markets and highlight the inherent fea- mitments on one side, and social and Korea have pledged to achieve a companies are exploring alternative framework for GECF’s ESI takes into tures of natural gas that make this economic progress on the other side,” carbon neutral energy system, fol- options, including carbon offsets in the consideration six criteria: access to energy source compatible with the UN added Sentyurin. lowing announcement from the UK and LNG market, as evidenced by the modern energy, availability and reli- Sustainable Development Goals and The welcoming remarks were fol- the EU in 2019. Those countries recent announcement by Qatar ability of supply, affordability and com- Paris Agreement provisions. lowed by Head of the GECF’s Energy together represent about a quarter of Petroleum in its sales agreement with petitiveness, reduction of GHGs, pol- The GECF is working with the most Economics and Forecasting global gas demand,” noted Di Odoardo. Singapore’s Pavilion Energy. lution mitigation from energy-related reputable international institutions Department, Dmitry Sokolov, who pre- “With COP26 in Glasgow scheduled “Consequently, decarbonising activities, and cooperation between such as the UNFCCC, UNECE, UNESCO, sented the prospects for energy-related for November next year, others might natural gas is becoming increasingly energy stakeholders. G20, BRICS in a broad dialogue on the CO2 emissions in the 2020 edition of follow suit. A new, more ambitious important for the gas industry. The “A balanced energy solution is one essential role of natural gas in the Global Gas Outlook 2050. This climate change goal might well be on resilience of natural gas in the energy that enables a stable and synchronised achieving the ambitious targets. landmark annual publication is based the horizon, perhaps supported by a mix will depends on success of decar- progress of all these criteria. This is According to him, the COVID-19 on the most comprehensive modelling new Biden (the US President-elect) bonising it,” concluded Di Odoardo. why we want to assess and score dif- pandemic has triggered a large debate tool available today – the GECF Global administration.” The final speaker of the workshop, ferent energy options based on these on the energy and climate policy Gas Model – and allows the Secretariat It should be noted that net-zero the Policy and Environment Analyst at criteria,” noted Hamdani. Russia flies first new post-Soviet passenger airliner with domestic engines

REUTERS - MOSCOW Russia’s state aerospace and pushing to make Russia less first deliveries are now expected defence conglomerate. reliant on Western imports, par- at the end of next year. Russia flew a new passenger air- UAC said the plane carried ticularly since 2014, when the Two modifications of the liner with domestically-built out a range of flight tests in a United States and EU imposed plane, which can seat 130 to 211 engines for the first time since maiden voyage that lasted one some financial sanctions in passengers, will be made the Soviet era yesterday, the start hour and 25 minutes. response to Russian military available for order - one with US of what it hopes will be a revival The Soviet Union was a intervention in Ukraine. Pratt & Whitney PW1400G-JM of a civil aviation industry to major builder of passenger air- Moscow had planned to engines and the other with the challenge Boeing and Airbus. liners used widely at home and begin delivering the MC-21 to PD-14 engines, UAC said. The medium-range MC-21 in allied countries. But after the buyers in 2019, but that date was Orders have been placed for plane took off from a Siberian The MC-21 plane taking off from a Siberian airfield, yesterday. fall of communism, airlines pushed back, with Rostec saying 175 of the aircraft, with state airfield powered by Russian- largely retired their fleets of US sanctions had forced manu- carrier Aeroflot accounting for built PD-14 turbo-fan engines. The MC-21 is built by Irkut engines are built by United Tupolevs and Ilyushins for facturers to replace composite 50, UAC said. It did not say how The plane first flew in May, 2017, Corporation, part of United Air- Engine Corporation, all of which Boeings and Airbuses. materials in the wings with many would include the but with US-made engines. craft Corporation (UAC), and the are majority owned by Rostec, The Kremlin has been Russian-made equivalents. The Russian-built engines. NBK Automobiles launches offer QMD leveraging Vaisala technology on Mercedes-Benz collection for greater runway visibility at HIA and technical accessories THE PENINSULA — DOHA The Qatar Meteorology THE PENINSULA - DOHA Group said: “On the occasion of The Mercedes-Benz tech- Department (QMD) is lever- our National Day, NBK Auto- nical accessories demonstrate aging Vaisala technology to On the occasion of Qatar mobiles is pleased to launch this an assured sense of style with ensure Hamad International National Day, Nasser Bin special offer on a wide range of the Mercedes-Benz Sport Airport (HIA) is using the most Khaled (NBK) Automobiles, the Mercedes-Benz Collection Equipment genuine individu- advanced weather observation authorized general distributor items and Technical Acces- alization portfolio. All products systems possible to ensure high of Mercedes-Benz in Qatar, has sories. These products are dis- are developed in collaboration levels of runway visibility and launched a special offer appli- tinguished with luxury, quality, with the Mercedes-Benz tech- availability in addition to industry’s most accurate is the leading supplier for airport cable to the Mercedes-Benz col- design and elegance, as one nology Center to ensure they expanding airport safety, effi- runway visibility data from the meteorological and weather lection and technical acces- might expect from the Mer- are precision tailored to Mer- ciency, and capacity. Vaisala Transmissometer LT31 systems, QMD considers them for sories valid until December 31, cedes-Benz brand. The Qatar cedes-Benz vehicles in both Working with Vaisala and to provide automatic, uninter- reliable and accurate data with 2020. National Day promotion offers aerodynamic and visual terms. local integration partner rupted, correct visibility data. effcient integration by Bayanat Available at the Mercedes- the perfect opportunity for our Nasser Bin Khaled Automo- Bayanat Engineering Qatar, Accurate and reliable, the Engineering Qatar.” Benz showroom on Salwa road, customers to avail the best biles has built its success by QMD chose a suite of Vaisala transmissometer helps ensure Hassan Ezzeddine, General the Mercedes-Benz Collection accessories for their vehicle establishing solid, longstanding systems and sensors designed WMO and ICAO compliant Manager at Bayanat Engi- appeals to all customers and plus a range of personal items.” relationships with its cus- to ensure HIA continues to determination of RVR to max- neering Qatar, said: “Working includes watches, pens, cups, Ihab El Feky, Director, tomers, and by offering a wide provide safe and efficient oper- imize operational capacity with advanced technology and bags, glasses, office supplies in Nasser Bin Khaled Auto said: range of quality products. As a ations — at full capacity in all while ensuring safety. our trusted partner- Vaisala on addition to caps, T-shirts and “The Mercedes-Benz Collection brand name, Nasser Bin Khaled weather conditions. As a result of the successful delivery of the best solution for Jacket among other items. The is in high demand thanks to its Automobiles is deeply asso- One of the key systems in AviMet RVR and AWOS system Qatar Civil Aviation Authority offer is also valid on Mercedes- production quality and luxury ciated with a history of use for maximizing capacity installations and thanks to the is a great opportunity for Benz Technical Accessories finish that appeals to all vehicle premium quality service and while ensuring operational impeccable reputation of Vaisala Bayanat Engineering Qatar to including the duo child seat, owners who are keen to com- market leadership. Established safety is the use of Vaisala's and Bayanat Engineering in the yet again show the profession- Mercedes-AMG wheel rim, plement their vehicle with in 1957, Nasser Bin Khaled AviMet ICAO Compliant Gulf region, QMD is also imple- alism and timely execution of Telematic products, and Mer- additional items from the Automobiles is Qatar’s exclusive Runway Visual Range System menting the Forward Scatter the project. We believe in trust cedes-Benz Bluetooth brand. It is a good opportunity distributor of three of the (RVR) integrated with Vaisala FD70, which will be used as a and for over 30 years of our headphones. to get a set of technical acces- world’s most respected, iconic AviMet AWOS system. secondary sensor. presence in the market we Sheikh Faleh bin Nawaf Al sories for special prices, which brands: Mercedes-Maybach, The Vaisala AviMet Auto- Abdulla Mohammed Al- established ourselves as the Thani, Managing Director – would make your Mercedes- Mercedes-Benz and mated Weather Observing Mannai Director of Qatar Mete- trusted company of choice. Our Auto, at Nasser Bin Khaled Benz unique and distinctive”. Mercedes-AMG. System AWOS provides con- orology Department & PR of clients, shareholders and tinuous, real-time weather State of Qatar, said: “Qatar Civil partners help us achieving the reports for pilots, airport oper- Aviation Authority always goals throughout. AWOS system ators and managers and is fully keeps its systems up to date upgrade by Vaisala will give configurable to cover all of with the latest technology on enhanced possibility for Qatar HIA’s airport needs. The system the market. We have been Meteorology Department with is a smart long-term choice for working with Vaisala for the the latest systems.” QMD, as it is designed to grow past 30 years and it has been The Qatar Meteorology with the needs of the airport. benefcial for both parties. As for Department provides weather The fully automated Vaisala Bayanat Engineering Qatar, we forecasting services and helps AviMet ICAO Compliant have been working with them ensure runway safety for HIA — Runway Visual Range System since 2000, in which they have one of the world’s top airports. (RVR) assessment and reporting a proven track record with the HIA is on track to become one system uses Vaisala instrumen- benefcial systems for Qatar of the most efficient and safest tation specifically designed for Meteorology Department. airports in operation, especially aviation purposes. It provides "The AWOS upgraded state- as Qatar prepares to host the high data availability, low of-the-art system is an added FIFA World Cup in 2022. maintenance, and accurate value for QMD, as QMD always QMD has worked with information in demanding vis- chooses the best for the State of Vaisala for 30 years, and their ibility conditions to maximize Qatar. Qatar Meteorology confidence in Vaisala solutions airport safety and availability. Department, supported by Qatar has been further bolstered by As part of their RVR system, Civil Aviation Authority, consist- the comprehensive RVR and The Mercedes-Benz collection and technical accessories. QMD leverages the power of the ently chooses the best. As Vaisala weather observation solution. WEDNESDAY 16 DECEMBER 2020 BUSINESS 05

Autos drive solid gain in November Brexit: EU suppliers race food to UK US industrial production AFP - ZEEBRUGGE, BELGIUM has the administrative capacity to absorb the shock of its decision to AFP — WASHINGTON In the Belgian port of Zeebrugge, go it alone. robot lift-trucks are working flat “They don’t have enough staff US industrial production con- out to stockpile and ship and their electronic system isn’t tinued to recover in November, Europe’s biggest brands to ready to manage the number of driven in part by a jump in auto British supermarkets before the transactions that we estimate we’ll manufacturing, but the sector New Year Brexit deadline need,” said Patrick Cauwen- remains far below last year’s heralds new trade barriers. berghe commercial relations level, the Federal Reserve Driverless vehicles hoist and manager of the port authority. reported yesterday. stack pallet after pallet of bev- Zeebrugge, which developed Total output increased 0.4 erages, water and milk at a rapidly in the 1980s to become percent last month compared frenzied pace, readying it for ferry the world’s leading port for new to October, but remains 5.5 transport across the channel to car exports, is the maritime face percent lower than November Tesco, Asda and Sainsbury’s. of the medieval city of Bruges, 2019 as industry continues to From January 1, the UK will which now lies further inland try to replace production be outside the EU single market due to the silting of waterways. impacted by the world’s worst and exporters will face a barrage The city has a long com- COVID-19 outbreak. of new regulations and checks mercial relationship with the Factories have been recov- that are expected to cause delays British Isles, having been the ering steadily since May, and shortages for British shoppers. The Brexit has created a surge of interest in customs warehouses. port of arrival of British wool except for a very small dip in And if the ongoing post-Brexit since the 13th century. But Bel- September, according to the trade talks between Britain and calculate tariffs. “We’ve been would normally be a busy period officers to seek advice on how gium’s small and medium-sized Fed data. the European Commission fail to running after them,” says Char- anyway -- after 47 years inside shipping used to work before the firms, some of them already suf- Manufacturing last month reach agreement in the next two lotte Danneels, one of the site’s the union, British consumers are European Union’s single market fering a coronavirus crunch, are rose 0.8 percent -- its seventh weeks, a return to trade tariffs will managers. “We really had to fond of all manner of continental reduced bureaucracy and gloomy about post-Brexit rela- consecutive gain -- boosted by push prices up. insist on them being in order. treats with their holiday meals. opened borders. But the Belgians tions with their oldest partners. a 5.3 percent jump in motor Authorities on both sides of “As late as last week they And the coronavirus pan- are not sure that their British The Belgian customs service vehicles and parts. Without the new divide insist they are were saying ‘There’ll be a deal, demic, which has closed pubs customers are entirely ready. contacted 7,000 companies to that surge, factory output ready for the shock, but busi- you don’t need all that.’ That’s and restaurants, has driven more Danneels said British super- offer them a streamlined trusted would have increased only 0.4 nesses like the ECS-2XL logistics starting to change,” she said. families on both sides of the market bosses have been slow to trader structure to facilitate percent, the report said. platform in Zeebrugge have not Between 250 and 300 sup- straits of Dover to cook more at name a point person to liaise with business with Britain — few took Oren Klachkin of Oxford stood by waiting for instructions. pliers, including huge brands like home, further driving up continental suppliers over the up the offer. “Exporting and Economics said the gains were For the past 18 months the firm, energy drinks from Red Bull and demand. But after a half-century changes associated with Brexit. importing, that takes up time “not overly impressive” and which runs a depot as large as bottled water from Danone, use of close economic integration, The stakes are high for Zeebrugge: with administrative work,” said the outlook is not entirely pos- 10 football fields close to the port the 70,000 pallet Zeebrugge the new challenge of Brexit is 40 percent of the port’s traffic is customs manger Kristian itive amid the pandemic, serving UK destinations, has depot to supply seven leading more of a leap in the dark. with the UK — 17 of 46 million Vanderwaeren, warning that a although the vaccine rollout been asking suppliers for details UK supermarket chains. The Belgian company has tonnes of freight in 2019 — and spot check on a single container offers hope for next year. on the value of shipments -- to The run up to Christmas even contacted retired customs the Belgian side doubts its partner could delay it by 90 minutes. Russia imposes wheat export tax to stabilise food prices

REUTERS - MOSCOW announced by officials on exports to 17.5 million tonnes that quota for February 15-June 37.8 million-38.8 million Monday, aim to combat rising for the period February 15-June 30. tonnes, SovEcon agriculture Russian Prime Minister Mikhail domestic food prices after Pres- 30, the government said in the If export volumes exceed consultancy said. The move has Mishustin (pictured) signed ident Vladimir Putin criticised statement. the quota, the tax for wheat triggered volatility in global yesterday a list of orders aimed the impact of excessive The country, which supplies would rise to 50 percent of the wheat prices with a potential at stabilising food prices, inflation. wheat to major importers such customs price or €100 per reduction in future supplies including a grain export quota Russia, one of the world’s as Turkey, Egypt and Bang- tonne, whichever is higher. offset by sentiment by expec- and a wheat export tax, the gov- largest wheat exporters, will ladesh, has also decided to The tax could reduce Rus- tations that exports could accel- ernment said. introduce a quota for overseas introduce a wheat export tax of sia’s 2020-21 wheat exports by erate before the measures come The new measures, shipments of wheat, rye, barley and corn (maize) limiting €25 ($30.40) per tonne within 2 million-3 million tonnes to into effect in mid-February.

QATAR STOCK EXCHANGE

QNBK - QNB 18.32 18.17 18.17 18.45 6,000 18.33 18.21 92,302 18.21 18.21 -0.11 -0.60 677 1,602,437 29,345,428.34 QIBK - Qatar Islamic Bank 17.00 16.96 16.94 17.09 18,738 17.01 16.98 50,000 17.01 17.01 +0.01 +0.06 443 1,232,654 20,967,869.37 CBQK - Comm. Bank of Qatar 4.25 4.24 4.23 4.35 6,300 4.342 4.319 26,373 4.32 4.32 +0.07 +1.65 286 2,514,884 10,854,124.25 DHBK - Doha Bank 2.365 2.37 2.36 2.38 10,000 2.38 2.372 13,876 2.38 2.380 +0.01 +0.63 54 3,091,024 7,340,259.18 ABQK - Ahli Bank 3.38 3.35 3.35 3.35 9,000 3.35 3.205 3,420 3.35 0.00 -0.03 -0.89 1 1,000 3,350.00 QIIK - Intl. Islamic Bank 9.04 9.041 9.040 9.149 100,000 9.11 9.109 530 9.109 9.109 +0.069 +0.76 118 568,982 5,181,320.413 MARK - Rayan 4.437 4.416 4.415 4.437 15,770 4.419 4.418 68,382 4.419 4.419 -0.018 -0.41 401 6,699,194 29,664,395.889 KCBK - Al khalij Commercial Bank 1.86 1.855 1.826 1.860 30,522 1.849 1.83 28,052 1.849 1.85 -0.011 -0.59 166 4,846,690 8,944,019.123 QFBQ - Qatar First Bank (QFC) 1.775 1.788 1.745 1.790 80,000 1.749 1.747 4,950 1.747 1.747 -0.028 -1.58 354 7,791,135 13,713,009.915 QETF - QE Index ETF 10.24 10.306 10.306 10.306 9,696 10.313 10.251 8,101 10.306 10.285 +0.066 +0.64 1 5,000 51,530.000 QATR - Al Rayan Qatar ETF 2.394 2.393 2.393 2.393 67,847 2.394 2.393 16,941 2.393 2.39 -0.001 -0.04 2 11,059 26,464.187 QATI - Qatar Insurance 2.50 2.463 2.452 2.510 1,034 2.48 2.453 12,407 2.453 2.453 -0.047 -1.88 103 1,023,576 2,526,324.487 DOHI - Doha Insurance 1.37 1.373 1.369 1.384 7,200 1.385 1.369 58,830 1.369 1.369 -0.001 -0.07 84 1,752,607 2,401,363.985 QGRI - General Insurance 2.398 2.202 2.202 2.385 4,524 2.38 2.203 2,652 2.385 0.000 -0.013 -0.54 3 7,185 16,143.633 AKHI - Alkhaleej Takaful 1.93 1.949 1.92 1.95 7,800 1.931 1.93 29,746 1.93 0.00 0.00 0.00 18 303,370 585,765.14 QISI - Islamic Insurance 6.75 6.79 6.79 6.79 4,000 6.79 6.6 1,000 6.79 0.00 +0.04 +0.59 1 1,000,000 6,790,000.00 QAMC - QAMCO 0.989 0.976 0.970 0.980 4,091 0.973 0.972 75,000 0.973 0.973 -0.016 -1.62 227 6,870,672 6,687,575.313 QIMD - Ind. Manf. Co. 3.20 0.00 0.00 0.00 5,223 3.253 3.024 4,500 3.20 0.00 0.00 0.00 0 0 0.00 QNCD - National Cement Co. 4.064 3.95 3.95 4.09 30,000 4.068 4.03 219,150 4.03 4.030 -0.03 -0.84 22 212,988 858,663.12 ZHCD - Zad Holding Company 15.00 15.00 15.00 15.09 3,000 15.0 14.91 1,700 15.09 0.00 +0.09 +0.60 2 5,487 82,322.82 IQCD - Industries Qatar 10.95 10.95 10.71 11.06 650 11.06 11.0 760 11.00 11.00 +0.05 +0.46 158 826,728 9,087,557.94 UDCD - United Dev. Company 1.705 1.708 1.698 1.708 186,886 1.705 1.7 107,020 1.705 1.71 0.000 0.00 142 2,696,710 4,590,996.005 QGMD - Qatar German Co. Med 2.10 2.054 2.050 2.120 131,344 2.072 2.056 1,200 2.072 2.072 -0.028 -1.33 236 3,330,822 6,909,487.249 QIGD - The Investors 1.838 1.810 1.800 1.838 19,071 1.829 1.806 430,846 1.806 1.806 -0.032 -1.74 59 865,854 1,567,374.397 ORDS - Ooredoo 7.20 7.27 7.22 7.32 16,722 7.25 7.246 7,463 7.25 7.25 +0.05 +0.69 1,307 5,764,780 41,933,117.38 QEWS - Electricity & Water 18.36 18.25 18.20 18.50 5,680 18.4 18.27 6,200 18.27 18.27 -0.09 -0.49 575 676,063 12,353,038.51 SIIS - Salam International 0.65 0.64 0.63 0.65 120,865 0.642 0.64 860,271 0.64 0.64 -0.01 -1.54 113 7,260,363 4,664,028.68 BLDN - Baladna 1.852 1.851 1.803 1.851 25,000 1.819 1.817 20,000 1.819 1.819 -0.033 -1.78 400 4,790,957 8,729,076.045 NLCS - National Leasing 1.264 1.258 1.238 1.270 8,450 1.251 1.241 3,683,161 1.241 1.241 -0.023 -1.82 212 7,206,499 9,004,090.704 QNNS - Qatar Navigation 7.00 6.99 6.91 7.02 16,000 7.0 6.907 3,000 7.00 7.000 0.00 0.00 140 883,328 6,181,582.36 MCGS - Medicare 9.20 9.003 9.002 9.150 16,789 9.149 9.101 5,264 9.149 9.15 -0.051 -0.55 23 189,919 1,726,295.638 QCFS - Cinema 3.851 3.851 3.851 3.851 2,750 3.995 3.851 3,930 3.851 0.000 0.000 0.00 1 1,000 3,851.000 QFLS - Qatar Fuel 18.99 18.99 18.81 19.07 500 19.08 19.07 595 19.07 19.07 +0.08 +0.42 121 262,057 4,983,013.14 WDAM - Widam 6.10 6.10 6.100 6.151 1,498 6.148 6.121 10,000 6.148 0.000 +0.048 +0.79 34 177,928 1,090,138.923 GWCS - Gulf warehousing Co 5.10 5.072 5.071 5.114 4,897 5.1 5.076 32,547 5.076 5.08 -0.024 -0.47 104 532,109 2,710,082.898 QGTS - Nakilat 3.22 3.161 3.161 3.230 346 3.222 3.216 2,759 3.222 3.222 +0.002 +0.06 485 4,561,400 14,642,431.416 DBIS - Dlala 1.935 1.940 1.900 1.940 7,000 1.915 1.907 2,479 1.907 1.91 -0.028 -1.45 70 1,952,127 3,726,366.506 BRES - Barwa 3.40 3.40 3.38 3.42 108,216 3.409 3.4 275,820 3.40 3.40 0.00 0.00 117 586,486 1,996,680.69 MCCS - Mannai Corp. 2.951 2.95 2.95 2.95 6,712 2.957 2.92 4,931 2.95 0.000 -0.00 -0.03 5 16,916 49,902.20 AHCS - Aamal 0.874 0.866 0.850 0.870 100,000 0.861 0.855 126,399 0.855 0.85 -0.019 -2.17 71 1,732,552 1,490,581.462 QOIS - Qatar Oman 0.892 0.888 0.881 0.900 20,003 0.895 0.881 296,454 0.881 0.000 -0.011 -1.23 34 965,385 856,705.497 ERES - Ezdan Holding 1.811 1.819 1.790 1.819 120,000 1.8 1.799 152,370 1.799 1.799 -0.012 -0.66 445 10,090,871 18,167,479.522 IHGS - Inma 5.075 5.10 5.10 5.54 169,468 5.38 5.35 110,000 5.38 5.380 +0.30 +6.01 792 13,221,256 70,985,402.01 GISS - Gulf International 1.545 1.544 1.526 1.544 40,540 1.531 1.529 63,000 1.531 1.531 -0.014 -0.91 58 1,001,145 1,533,402.382 MPHC - Mesaieed 2.055 2.050 2.045 2.072 16,340 2.057 2.051 35,161 2.055 2.055 0.000 0.00 176 4,416,514 9,054,483.678 IGRD - Investment Holding 0.596 0.59 0.59 0.60 27,957 0.603 0.6 83,668,887 0.60 0.600 0.00 +0.67 265 20,239,869 12,081,213.75 VFQS - Vodafone Qatar 1.332 1.322 1.322 1.334 424,552 1.334 1.329 27,500 1.334 1.334 +0.002 +0.15 140 3,559,914 4,731,752.621 MERS - Al Meera 20.65 20.60 20.60 20.89 3,000 20.8 20.7 5 20.70 20.70 +0.05 +0.24 100 101,774 2,106,754.13 MRDS - Mazaya 1.245 1.245 1.225 1.250 69,664 1.245 1.242 21,000 1.242 1.242 -0.003 -0.24 162 4,441,961 5,513,636.953

QE INDICES SUMMARY QE MARKET SUMMARY COMPARISON WORLD STOCK INDICES EXCHANGE RATE

QE Index 10,480.69 -0.01 % 15-12-2020 Index Day’s Close Pt Chg % Chg Currency Buying (QAR) Selling (QAR) QE Total Return Index 20,148.77 -0.01 % Index 10,480.69 Dow Jones Industrial Average 30,215.27 +353.72 +1.18% US$ 3.6305 3.6500 Change -1.27 S&P 500 3,693.51 +46.02 +1.26% Australian Dollar AUD 2.66 2.71 QE Al Rayan Islamic Index - Price 2,397.07 -0.12 % Canadian Dollar CAD 2.78 2.85 % -0.01% Nasdaq Composite Index 12,574.91 +134.87 +1.08% QE Al Rayan Islamic Index 4,276.30 -0.12 % YTD% +0.53 Euro EUR 4.29 4.37 FTSE 100 Index 6,513.32 -18.51 -0.28% Indian Rupee INR 0.05 0.0508 QE All Share Index 3,214.13 -0.12 % Volume 141,893,231 DAX Index 13,362.87 +139.71 +1.06% Iraqi Dinar IQD ---- 0.00332 QE All Share Banks & Value (QAR) 408,510,452.84 CAC 40 Index 5,530.31 +2.47 +0.04% Japanese Yen JPY 0.0347 0.0351 Financial Services 4,267.16 -0.15 % Trades 9,508 Nikkei Stock Average 225 26,687.84 -44.60 -0.17% Nepalese Rupee NPR 0.0295 0.0314 Up 16 | Down 26 | Unchanged 06 Pakistani Rupee PKR 0.02273 0.02326 QE All Share Industrials 3,114.05 -0.08 % Hang Seng Index 26,207.29 -182.23 -0.69% 14-12-2020 Philippine Peso PHP 0.0745 0.0765 QE All Share Transportation 3,303.85 -0.00 % Index 10,481.96 Shanghai Composite Index 3,367.23 -1.89 -0.06% Pound Sterling GBP 4.8200 4.87 QE All Share Real Estate 1,951.16 -0.12 % Change +16.60 ASX All Ordinaries Index 6,866.70 -- --% Singapore Dollar SGD 2.64 2.73 QE All Share Insurance 2,407.72 -1.30 % % +0.16% South African Rand ZAR 0.229 0.238 Sri Lankan Rupee LKR 0.019 0.0202 QE All Share Telecoms 982.43 +0.56 % YTD% +0.54 GOLD AND SILVER Swedish Krona SEK ---- 0.425 Volume 141,624,148 QE All Share Consumer GOLD QR210.50 per gramme Swiss Franc CHF 3.98 4.03 Goods & Services 8,256.04 +0.09 % Value (QAR) 390,042,367.30 Turkish Lira TRY 0.465 0.485 Trades 10,083 SILVER QR2.96 per gramme