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S&P, Moody's Reaffirm Qatar's Stable Outlook

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S&P, Moody's Reaffirm Qatar's Stable Outlook THURSDAY JANUARY 17, 2019 JUMADA AL-AWWAL 11, 1440 VOL.12 NO. 4517 QR 2 PARTLY CLOUDY Fajr: 4:59 am Dhuhr: 11:44 am HIGH : 27°C Asr: 2:47 pm Maghrib: 5:07 pm LOW : 19°C Isha: 6:37 pm Business 12 Sports 16 Qatari businessmen keen Confident Qatar set to invest in Ethiopia: Kuwari for Saudi tie PM MEETS JORDANIAN INTERIOR MINISTER Cabinet lauds Amir’s $50 million grant to support Syrians QNA can Union, to cover the costs DOHA of evacuating irregular African immigrants in Libya to their THE Cabinet has hailed the countries and reintegrating Amir to patronise Amir HH Sheikh Tamim bin them into their communities Police College Hamad al Thani’s directives to as well as contributing $20 mil- grant $50 million in support lion to this fund. graduation of the Syrian refugees and dis- It said the initiative reflects ceremony today placed persons who are suffer- the Amir’s keenness to promote ing tough humanitarian condi- development and peace in Af- DOHA The Amir HH Sheikh tions as a result of displacement rican countries and the stabil- Tamim bin Hamad al Thani and cold weather. ity of their people. The Cabinet will patronise the gradua- The grant is in the form of called on the international com- tion ceremony of the first an urgent relief aid package munity to support this fund and batch of graduates of the and various development pro- to work with the African Union Ministry of Interior’s grammes through Qatar Fund to end the suffering of the Afri- Qatar Police College on for Development to the Syrian can migrants and provide them Thursday. (QNA) refugees in Turkey, Lebanon, with a decent life. Prime Minister and Minister of Interior HE Sheikh Abdullah bin Nasser bin Khalifa al Thani met Minister of Interior of the Hashemite Jordan, in addition to the dis- The Cabinet meeting was Kingdom of Jordan Samir Ibrahim Mbaidin and his accompanying delegation in Doha on Wednesday. During the meeting, they discussed a placed within Syria. chaired by Prime Minister and number of regional and international issues of mutual concern, especially in the security fields. They also reviewed relations of cooperation The Cabinet also lauded the Minister of Interior HE Sheikh Amir condoles with between the two countries and means of enhancing them. (QNA) Amir’s initiative to establish a Abdullah bin Nasser bin Khal- Kenya president fund, sponsored by the Afri- ifa al Thani. PAGE 2 DOHA The Amir HH Sheikh Tamim bin Hamad al Thani on Wednesday sent a cable of TURKEY EXPO QATAR OPENS condolences to Kenya President Uhuru Kenyatta for the victims of the attack on a hotel complex S&P, Moody’s reaffirm in the capital, Nairobi. The Amir HouseHh!Bh that! Buy a home expressed strong condemnation of the attack, confirming Qatar’s solidarity with Kenya in facing in Turkey and get violence and terrorism. (QNA) Qatar’s stable outlook permanent residency SATYENDRA PATHAK “The stable outlook reflects our DOHA forecasts for fundamental credit conditions that will drive sovereign GLOBAL rating agencies S&P Global credit over the next 12 to 18 months,” Ratings and Moody’s Investors Ser- it said. vice have affirmed their stable out- “Stronger oil prices during most look on Qatar in their latest reports. of 2018 reduced fiscal and external In a report released on Wednes- pressures for GCC countries in the day, S&P reaffirmed it’s stable out- short term,” the report released on look on Qatar as the country has suc- Wednesday showed. ceeded in effectively mitigating the Commenting on the bigger eco- UK govt survives economic and financial fallout of the tions were to develop to levels simi- nomic picture, S&P Global Ratings no-confidence vote boycott imposed on the country in lar to those of its non-regional peers, said in the report that it expects eco- June 2017 by Saudi Arabia, the UAE, alongside a marked increase in nomic growth in MENA to remain LONDON British Prime Min- Bahrain and Egypt. transparency, providing greater clar- broadly stable in 2019. “We fore- ister Theresa May’s govern- “Qatar will continue to pursue ity on the Qatari government’s exter- cast 2.8 percent on average in 2019 ment saw off a vote of no prudent macroeconomic policies nal assets,” S&P said in the report. (weighted by nominal GDP) com- confidence in parliament on that support large recurrent fiscal Echoing the same, Moody’s In- pared with 2.6 percent,” it said. Wednesday, called after MPs and external surpluses over 2018- vestors Service also announced that In terms of GDP growth in 2019, overwhelmingly rejected the 2021,” it said. economic outlook for GCC members Moody’s projected that most GCC Brexit deal. Main opposition Officials during the inauguration of the third edition of the Turkey Expo Qatar “We could consider raising the including Qatar for 2019 is seen “sta- members will see no change in that Labour leader Jeremy Corbyn in Doha on Wednesday. (JALAL PATHIYOOR) ratings if Qatar’s political institu- ble overall”. area. called the vote after Tues- day’s crushing defeat for May RAHUL PREETH of property developer Kasir Yapi. — but her Conservative MPs DOHA The Turkish firm’s Qatari partner, rallied behind her and the VIP International, has a stall at the government won by 325 to HAVE QR99,000? That’s how expo and is offering one bedroom- QU ranks high in 2019 306, heading off the threat much a home and a permanent hall-kitchen apartments near the beIN targets Saudis with of a general election. “This residency in Turkey will cost you. Turkish city of Trabzon for as low Times ranking of house has put its confidence For real estate purchase worth as QR99,000. ‘reveal all’ piracy website in this government,” May told $250,000 (around QR910,000), “These apartments will not 100 top universities QATAR’S beIN media MPs immediately after the you can get an increasingly popu- only give you a Turkish address, group on Wednesday vote. (AFP) PAGE 11 lar and powerful Turkish passport. but permanent residency to not (PAGE 2) stepped up its campaign It’s a unique selling point of just you, but your whole family,” against Saudi-backed Turkish real estate firms at the Yigit said. piracy, launching a A 48-team 2022 Turkey Expo Qatar, which began Bennagrup is another firm that website exposing what it in Doha on Wednesday. offers similar propositions to Qa- says is wide-scale theft World Cup possible “We want people from all tari investors. of its programmes. The “reveal all” beoutq.tv website only if Doha agrees, around the world to invest in Turk- went live with the aim of holding the pirate operation says official PAGE 16 ish real estate,” said Tuncay Yigit Continued on page 2 Ô to account, a statement said. PAGE 3 8th electric car charging station opens QNA all sectors in Qatar by 2022. DOHA Conservation and Energy Ef- ficiency Department Manager QATAR General Electricity and in Kahramaa Eng Abdulaziz al Water Corporation (Kahramaa), Hammadi said this station is a represented by the National continuation of efforts on part of Program for Conservation and Kahramaa for the preparation of Energy Efficiency (Tarsheed), building necessary infrastructure inaugurated the 8th electric car for electric vehicles. He said as charging station at Qatar Scien- many as 400 stations are planned tific Club on Wednesday. to be established in cooperation The station was installed in with the private sector by the end cooperation with Siemens Qatar. of 2022 for encouraging use of The opening is in continuation electric vehicles in Qatar. of the first phase of the launch of Qatar Scientific Club was cho- electric car charging stations in An electric car charging station being inaugurated at Qatar Scientific Club sen as it’s a youth initiative that UNRWA THANKS QATAR Qatar as part of the green vehi- on Wednesday. encourages innovation and acqui- THE United Nations Relief and Works Agency (UNRWA), responsible for the welfare cles initiative to provide a clean, sition of new technologies in Qa- of Palestine refugees, has thanked Qatar for its generous support of refugees healthy and safe environment for The initiative also coincides for the reduction of harmful car- tar for the younger generation of across the Middle East. UNRWA tweeted a post showing a group of students hold- future generations. with Tarsheed missions that call bon emissions by 7 percent across inventors. ing up a banner in Arabic saying “Shukran Qatar” (thank you Qatar). 02 Thursday, January 17, 2019 Contact US: Qatar Tribune I EDITORIAL I Phone: 40002222 I ADMINISTRATION & MARKETING I Phone: 40002155, 40002122, Fax: 40002235 P.O. Box: 23493, Doha. Cabinet hails Qatar’s status as ‘the safest’ country of world QNA achievement to the Amir HH of the meeting. 2016 on forming a permanent of Dominica, and a draft MoU of the recommendations of odic report on the work of the DOHA Sheikh Tamim bin Hamad The Cabinet then approved committee to study and review for cooperation in tourism and the first review session of the technical committee to study al Thani’s directives and the a draft law amending some pro- the allowances of currency dif- business activities between Qa- United Nations Convention the international reporting in- THE Cabinet, at its weekly comprehensive security strat- visions of Law No 4 of 2008 on ferential and the nature of dif- tar and Morocco. against Corruption. dicators regarding the business meeting chaired by Prime Min- egy of the Ministry of Interior, real estate leasing. The draft law ficult areas listed in the list of The Cabinet then reviewed It reviewed the letter of the environment in Qatar from July ister and Minister of Interior as well as the efforts of the adds some provisions relating members of the diplomatic and a letter of the president of the Chairman of the Planning and 1 to November 30, 2018.
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