QAC to supply MBM with over 50 FUSO Rosa buses PAGE 14

SUNDAY, MARCH 17, 2019

DOW25,863.23 QE 9,970.55 SENSEX 38,024.32 GOLD 1,302.20 Indian watchdog raids Glencore +153.29 PTS +208.86 PTS +269.43 PTS +0.55% biz over price of pulses PAGE 14 PRICE PERCENTAGE PRICE PERCENTAGE 15.32 BRENT 67.21 -0.03% WTI 58.56 -0.09% SILVER +0.95%

Quick read QCB governor takes part in Morocco Fitch affirms QIIB’s rating fintech conference QATAR Central Bank (QCB) Gover- nor Sheikh Abdullah bin Saud al Thani took part in a conference at ‘A’ with ‘stable’ outlook organised by Bank Al-Maghrib (Morocco Central Bank) in partnership with the International We succeeded in defeating all Monetary Fund (IMF) to discuss Qatari economy is the source of strength from those who tried to undermine the challenges and opportunities the Qatari economy and were for financial technology, in Rabat, which we build our solid financial position: Shaibei able to achieve some of the recently. Sheikh Abdullah partici- highest indicators and growth pated in the two-day conference TRIBUNE NEWS NETWORK rates in the region.” titled Digital Transformation Con- DOHA “We are committed to im- ference: Balance Opportunities plementing our strategy, which and Risks in the Implementation FITCH Ratings has affirmed focuses on the local market of the Bali Financial Technology ‘A’ rating on Qatar Interna- for deriving its strength and Recommendations. (QNA) tional Islamic Bank (QIIB) stability and maintaining low with ‘stable’ outlook, the bank High quality risks, in addition to our desire announced in a statement on to contribute to the boom and Apple Watch detects Saturday. assets growth of the Qatari economy irregular heart beat The rating attests the Fitch stressed on the fact that in the best possible ratios”. in large US study bank’s strong financial posi- the rating on QIIB was due to The CEO expressed his tion and its consistency with ‘the quality of QIIB assets, optimism for future, stressing THE Apple Watch was able to the high indicators achieved appropriate capital structure, that “All the circumstances detect irregular heart pulse rates by various economic sectors in strong profitability, sound and factors make us optimis- that could signal the need for Qatar, QIIB said. tic, as the global confidence is further monitoring for a serious Fitch pointed out the rat- QIIB CEO Abdulbasit Ahmad al financing, good liquidity, good firmly established in the Qatari heart rhythm problem, accord- ing was based on several fac- Shaibei share of the Islamic banking economy. The implementation ing to data from a large study tors including the high sover- market and strong presence of large and mega projects is in funded by Apple, demonstrating a eign credit rating of the Qatari strength from which we build in the retail sector’ full swing, throwing up huge potential future role for wearable economy and the ability of the our solid financial position. opportunities and benefits. consumer technology in health- Qatari government to provide We are pleased to capitalise The government’s plans for care. Researchers hope the tech- support to banks when needed on these strengths that have economic diversification are nology can assist in early detec- as the government had previ- a positive impact on various ability to cope with various very successful, which help tion of atrial fibrillation, the most ously done. economic sectors and different challenges”. achieve daily positive indica- common form of irregular heart Fitch stressed on the fact growth figures”. The QIIB CEO affirmed tors. These have been succes- beat. Patients with untreated AF that the rating on QIIB was He said, “Global credit that the rating was an indica- sively reflected in independent are five times more likely to have also due to “the quality of QIIB rating agencies’ acknowledge- tion that the high level of con- and credible economic re- a stroke. Results of the largest assets, appropriate capital ment of our strong financial fidence in QIIB at the local, re- QIIB headquarters building in Doha. ports and analysis by experts AF screening and detection study, structure, strong profitability, position also indicates the gional and international levels who affirm that the future of involving over 400,000 Apple sound financing, good liquid- strength of the Qatari banking has been based on solid foun- listing on the London Stock issuance by more than seven the Qatari economy is indeed Watch users who were invited to ity, good share of the Islamic sector, the soundness of the dations with regard to various Exchange. The issuance large- times,” Shaibei said. bright and prosperous.” participate, were presented on banking market and strong measures taken by the gov- indicators. ly appealed to investors from He further said, “The high In 2018, QIIB achieved a Saturday at the American College presence in the retail sector”. ernment and the supervisory “This was clearly evident countries around the world, credit ratings and stable out- net profit of QR882.1 million, of Cardiology meeting in New QIIB CEO Abdulbasit Ah- authorities, the efficiency of to us during our recent issu- some of whom were dealing look of Qatari banks are a nail with a growth rate of 6% com- Orleans. (REUTERS) mad al Shaibei said, “The Qa- the plans implemented in this ance of a sukuk worth $500 with Qatari banks for the first in the coffin of the unjust block- pared to 2017 and earnings tari economy is the source of sector, the low risks and the million and its subsequent time, thus oversubscribing the ade imposed on our country. per share standing at QR5.46. QFC’s Fast, Forward event brings financial services to the forefront TRIBUNE NEWS NETWORK DOHA

THE Qatar Financial Centre (QFC) recently concluded the financial ser- vices edition of its regular Fast, For- ward events - a series of quarterly Qatar National Bank offiicials receive the award at a ceremony in business networking events that bring Tunisia. together the QFC’s valued clients with other members of Qatar’s thriving business and financial communities QNB wins key honours to network and share best practices. The event focused on the impor- tance of the financial services sector, at Arab Banks Digital with discussions revolving around the current economic state of Qatar and the role of financial services such as Excellence 2018 awards fintech, asset management, and Ren- minbi internationalisation. TRIBUNE NEWS NETWORK ment of digital services by us- QFC CEO Yousuf Mohamed al DOHA ing the latest communications Jaida said, “The financial services and information technologies. sector has unprecedented potential QATAR National Bank (QNB) QNB’s reception of these and has already witnessed significant Group recently won two key two awards serves as a pow- growth. The importance and signifi- honours at the “Arab Banks erful testament to the quality cance of this sector for both the QFC QFC CEO Yousuf Mohamed al Jaida Digital Excellence 2018” of its digital banking services and Qatar cannot be underestimated awards ceremony held in Tu- offered through its electronic – this is clearly reflected in our new nisia recently. channels, the bank said. strategy which includes a special fo- QNB won the “Best Mo- The bank is always keen on cus on financial services that encom- Speakers at the panel discussion. bile Banking Application” and developing the quality of these pass fintech, Islamic finance, capital The QFC is home to over 90 local “Best Digital Bank in the Arab services and offering its cus- markets and asset management.” and global financial services firms financial sector for businesses in Qa- continue to work together to contrib- Gulf Region” at the award tomers the best, most seam- Jaida added, “The QFC’s unique tar and corridor markets. Financial ute to its sustainable growth.” ceremony, the bank said in a less banking experience. ecosystem therefore offers the ideal which is of course a client base institutions at the QFC have been ma- The panel was attended by Sheikh statement on Saturday. Among the new features platform for both local and interna- that we are incredibly proud of jor contributors to the development Hamad al Thani, Senior Vice Presi- The event organised by the offered by the latest update tional firms to thrive in these areas, QFC CEO Yousuf Mohamed al Jaida of this sector on a national level, and dent, Treasury and Investment, Qatar Union of Arab Banks (UAB) of QNB Mobile Banking app and make a valuable contribution to we are proud to say that we have 54 fi- Insurance Company; Wim de Waele, and the Arab Information and are the Cash@Speed service, their businesses and the growth of the nancial institutions with 843 employ- CEO, B-Hive Europe; Song Weiwei, Communication Technologies which allows customers to national economy. The QFC is home “The discussions focused on a ees currently registered at the QFC. Deputy GM of Corporate Finance De- Organisation (AICTO), was make instant cash advances to over 90 local and global financial range of relevant topics which un- “We believe that this sector pro- partment, Bank of China Qatar; Ak- attended by numerous diplo- and make interactive branch services firms which is of course a cli- doubtedly play an important role in vides ample opportunity for growth, bar Khan, Alrayan Investment; Fahad matic, economic, and media appointment bookings; the ent base that we are incredibly proud further enhancing this critical sector. particularly within our areas of focus Syed Haque, Private Equity Funds figures, in addition to many mobile cash service, which al- of.” The Fast, Forward event series is a which include asset management, Investment Department, Qatar In- prestigious and active figures lows customers to send cash to Raed al Emadi, Chief Commercial perfect example of the steadfast com- Islamic finance, fintech, and capital vestment Authority; Manuel Leanza, in the banking and technology any mobile number in Qatar Officer at QFC Authority, said, “This mitment of the QFC to be in business markets. Head of Investment, Advisory and fields in the Arab region and to be withdrawn at any QNB special edition of our Fast, Forward together with our clients.” “Today’s asset management panel Wealth - MENA, Refinitiv; Henk across the globe. ATM; and augmented reality series of events offered firms regis- Henk Hoogendoorn, Manag- for instance played an important role Hoogendoorn, Managing Director, The aim of the award cere- using the camera of the mobile tered with the QFC with another valu- ing Director, Financial Sector Office in highlighting the good regulatory Financial Sector Office, QFC Authori- mony was to highlight and ap- device, giving customers the able opportunity to hear from leading (FSO), QFC Authority, said, “The and tax environment that exists for ty; and Giovanni Bandi, Head, Invest- preciate the efforts of the Arab ability to plan their route to an experts on topics at the forefront of FSO at the QFC was established to this sector, its growth potential, and ment Management Supervision, QFC banking and financial sector in ATM or loyalty partner with the financial services sector. contribute to the growth of the QFC’s the need for all key stakeholders to Regulatory Authority. the presentation and develop- Google Maps or Apple Maps. Economy & Business Sunday, March 17, 2019 13 Doha Bank celebrates QNB report sheds light on 40th anniversary with exciting gold prizes global trade contractions TRIBUNE NEWS NETWORK scheme customers. The DOHA Bank will give away five China’s economic performance remains the main source of change in trade volumes over the coming months AS part of its 40th anni- kilogrammes of gold to 40 versary celebrations, Doha Al Dana account customers QNA China’s economic Bank, one of the largest during the promotion DOHA performance is set to continue private commercial banks period. In addition, account being the main source of change in Qatar, has announced holders can double their QATAR National Bank (QNB) in trade volumes over the an exciting campaign for its chances in the monthly said in its weekly commentary coming months. Importantly for new and existing customers draw for May 2019. that a new wave of optimism short-term future conditions, offering unmatched gold re- Furthermore, the bank’s has taken over the financial leading indicators for demand wards. credit card customers can markets in recent weeks, in China are a mixed bag. During the campaign actually receive a surprise driven by a more dovish Fed On the negative side, period, which runs from offer for the weekend marking and positive rumours about a Spaceknow China Satellite March 14 until June 13, the 40th anniversary with potential US-China trade deal. Manufacturing Index, which 2019, Doha Bank customers double Doha Miles and LuLu QNB added that the monitors over six thousand who transfer their salary points earned when using upside for global demand has industrial facilities all across will receive an entry into a Doha Bank credit cards on yet to materialise and the bar China from space imagery and special raffle draw where 40 15th and 16th of March. is high to reignite the 2016- uses algorithms to measure winners will take home 10 Dr R Seetharaman, 2017 synchronised global the level of manufacturing kilogrammes of gold. Group CEO of Doha Bank, economic recovery, especially activity using surface material Doha Bank has also said: “At Doha Bank, it has as significant political risks classification, has fallen to announced an exclusive been an eventful journey still persist. levels previously seen only offer for customers applying over the past four decades Global demand has been during the 2015-2016 slump for personal loans. The with customers remaining weakening across large or the aftermath of the first 40 customers who the linchpin of our successful advanced and emerging great financial crisis and the avail a personal loan of operations. As we celebrate economies (US, EU, Japan, European debt crisis. minimum QAR500,000 the 40th anniversary, we and China), dragging growth On a more positive note, will be rewarded with 10 are excited to launch this down. This has resulted in a however, the Li Keqiang kilogrammes of gold. new campaign as our way of contraction in trade growth. Index, which tracks changes Marking its four decades thanking our loyal customers According to the Dutch Bureau in bank lending, rail freight of successful operations in for their continued support for Economic Policy Analysis and electricity consumption to Qatar’s thriving banking throughout the years as well (CPB), a leading agency in the estimate activity and growth, industry, Doha Bank has as for inspiring us to innovate monitoring of economic data, (File photo) Workers lay bricks to build a wall around a construction site in Beijing, China. (REUTERS) has increased significantly in also announced a dedicated new products and services to global trade volumes fell by its latest reading. draw for its Al Dana savings excel in our business.” 0.9 percent in the last three causes of such contraction With the global economy The country is likely facing Moreover, a positive stream months of 2018, the biggest and draw conclusions about slowing and the outlook for now the reversal of the so- of data started to also come from quarterly fall in trade since current and short-term future called front-loading effect in improvements in new orders the aftermath of the global conditions. China still uncertain, trade US-China trade, i.e., US based in China’s manufacturing financial crisis in 2009. While recently released volumes are expected to companies increasing imports PMI and acceleration in both According to QNB, trade CPB data on trade volumes remain subdued from China earlier last year broad credit growth and growth is one of the most im- only go as far as December throughout 2019 to stock up before new tariffs infrastructure fixed asset portant and reliable gauges of 2018, we can rely on data come into effect. As key Asian investment spending. This is global demand. Emerging Asia from early-reporting and exporters are major suppliers likely reflecting the initial effects has been the main driver of highly-open economies of export growth plummeted to Chinas export sector, a spill of China’s recent monetary and weakness in global trade late Asia (Japan, South Korea, from two digits in February over to intra-regional trade is fiscal policy easing, which were last year, as overall trade vol- Singapore and Taiwan) to have 2017-February 2018 to a 1.7 only natural. As a matter of designed to support demand. umes in the region contracted a timelier snapshot of trade. percent contraction in January fact, 3-month average year- All in all, with the global by 4.2 percent in the last three According to this coinci- 2019. This was the first such on-year export growth from economy slowing and the To learn more about the campaign and various products and months of 2018. Analysis dent indicator, the global trade contraction in more than two the cohort of early-reporting outlook for China still services offered by Doha Bank, call 4445 6000, send a message delves into higher frequency slowdown has further turned years. Asian countries to China con- uncertain, trade volumes are to the WhatsApp line on 5033DOHA, or visit www.dohabank.com. data of regional trade in or- into a contraction. Worryingly, The key element in this tracted by 7.7 percent in Janu- expected to remain subdued der to identify the underlying 3-month average year-on-year Asian trade story is China. ary 2019. throughout 2019.

QCB circulates enforcement order issued by QIC, freezing assets of non-QFC registered company QNA ny, brought a claim before the court Summary Judgment, the court DOHA in 2017, alleging that the defendant found that the defendant had failed had failed to pay premiums owed to to make the required payments, QATAR Central Bank has circulated the Claimant pursuant to the terms pursuant to the terms of the rel- an ‘Enforcement Order’, issued by of a health insurance policy, there- evant policy, and ordered it to pay the Enforcement Judge of the Qatar the relevant sums to the claimant International Court against a non- The Enforcement Order directed forthwith. QFC registered company operating Also known as the Civil and Com- within the State of Qatar, directing all banks and relevant financial mercial Court of the Qatar Finan- all banks in Qatar to comply with institutions within Qatar to comply cial Centre, the Qatar International the enforcement order. forthwith; freezing the relevant Court and Dispute Resolution Cen- The enforcement order directed sums and transferring the same tre (QICDRC) is a world-class court all banks and relevant financial in- to the Qatar International Courts that specialises in resolving civil and stitutions within Qatar to comply commercial disputes within its juris- forthwith; freezing the relevant Enforcement Account for the diction. For cases to be heard at the sums and transferring the same to benefit of the judgment creditor Court, at least one of the parties in- the Qatar International Courts En- volved needs to be affiliated with the forcement Account for the benefit of by breaching the provisions of the QFC in the manner specified in the the judgment creditor. agreement signed by the two par- QFC Law. The enforcement order comes ties. The QICDRC is part of the spe- after the First Instance Circuit of the After a number of failed attempts cialist legal and regulatory frame- Qatar International Court found the to claim its contractual entitlements work of the QFC, applying interna- ‘defendant’, a local company regis- from the defendant, the claimant tional best practices and commercial tered outside the QFC, liable to the resorted to the court, requesting the expertise. ‘claimant’ in relation to unpaid in- court to find the defendant liable The QICDRC provides a trust- surance premiums. to pay the unpaid premiums which worthy legal platform that helps The case commenced when the were in the region of QAR 223,000. establish Qatar as a key global com- claimant, a QFC registered compa- Following an Application for merce hub in the Middle East. Commercial Bank introduces 2019 spring lending campaign

TRIBUNE NEWS NETWORK touch of a greeting card. The bank’s DOHA ‘60 Seconds Remittance’ service also allows a way to transfer money COMMERCIAL Bank has an- abroad within on minute to many nounced the launch of special offers countries through Commercial on ‘Personal Loans’ and ‘Vehicle Bank Internet Banking and Mobile Loans’ for the bank’s customers. Banking App. The aim of the campaign is to help Amit Sah, EGM Consumer customers with their financial plan- Banking, said: “Commercial Bank ning for the holiday season, ensur- continues to put its customers first ing a smooth and stress-free holi- through our 2019 Lending Cam- day period. paign, which offers competitive and Until 16 May 2019, Commercial affordable rates on personal and ve- Bank customers can enjoy same- Until May 16, 2019, customers can enjoy hicle Loans with a fast approval pro- day approval on special personal same-day approval on special personal cess. As the holy month of Ramadan loans, with rates starting from 5.25 loans, with rates starting from 5.25% falls earlier this year, customers percent reducing and a grace period and a grace period of up to six months. have the chance to benefit from our of up to six month and vehicle loan offers at a time when there are many rates starting from 2.69 percent of innovative products and services seasonal expenses.” flat, with a grace period of up to that Commercial Bank customers “Combined with our efforts three months. The campaign ben- can take advantage of. Through to constantly improve the Bank’s efits new and existing customers the bank’s eGifts scheme, they can digital products and services, we looking for finance to cover the cost transfer monetary gifts to family hope that this offer will make our of booking a family vacation, buying and friends through any Commer- customers’ lives easier. Initiatives a new car or to meet other financial cial Bank ATM in Qatar or through like this demonstrates our determi- commitments. a local or international account nation to be the bank of choice for In addition, there are a range transfer, with the added special customers in Qatar.” 14 Sunday, March 17, 2019 Economy & Business

BMW, Mercedes-Benz to lower prices in China after govt reduces VAT REUTERS the company’s “active SHANGHAI response to the national VAT adjustment notice,” BMW AG and Mercedes- BMW said in a post on Benz said on Saturday they WeChat, China’s popular will lower their prices in messaging app. China, after the government Daimler AG-owned announced it will reduce the Mercedes-Benz announced country’s value-added tax similar price cuts on a range (VAT) starting on April 1. of its cars, also effective The German automobile immediately, in advance of companies each published the upcoming VAT drop. posts on Chinese social The cuts shown on its social media announcing media page range from immediate price cuts 10,000 yuan to 40,000 for several models. The yuan on select models. discounts come as China On March 5, Chinese endures a shrinking market Premier Li Keqiang for automobiles as the announced that China economy slows. will cut VAT across a BMW said it would range of industries, with reduce prices for both the tax set to drop in the domestically produced and manufacturing sector from imported models, including 16 percent to 13 percent and the locally-made BMW 3 in the transport sector from series and BMW 5 series, 10 percent to 9 percent. along with the BMW X5 The carmakers’ cuts (File photo) The headquarters of Glencore International in Baar, Switzerland. and BMW 7 import models. come as China’s automobile The BMW 320Li M model industry faces a major will sell for a suggested slowdown. retail price of 339,800 yuan In 2018, China’s car ($50,620), a drop of 10,000 market shrank 5.8 percent, Indian antitrust watchdog raids Glencore yuan from its original price. marking its first contraction The reductions mark in over two decades. business, others over price of pulses Malaysia threatens WTO challenge companies led to higher prices tions of fixing import prices. A cartel was allegedly formed to discuss pulses’ Collusion? of pulses,” one of the govern- The drought during to EU’s move to drop palm biofuel pricing while importing and selling them in the ment sources said, adding that 2015 wilted crops and ex- ● Antitrust officials the CCI’s inquiry started three acerbated shortages of food REUTERS “Such an aggressive trade Indian market at higher prices in 2015 and 2016 collected evidence, including months ago. such as protein-rich pulses KUALA LUMPUR barrier targeted at Malaysia’s documents and e-mails, and The investigation will also and India, which consumes national interests, and our REUTERS sion of India (CCI) has been questioned company assess whether the companies about 22 million tonnes of MALAYSIA on Saturday 650,000 small farmers, NEW DELHI investigating allegations that officials during the raids have continued their alleged pulses annually, faced a short- threatened to bring a World cannot pass without a strong the companies formed a cartel collusion even after the prices fall of 7-8 million tonnes in Trade Organisation (WTO) response,” the ministry said in INDIA’S antitrust watchdog to discuss the pricing of pulses ● Search involved going of pulses stabilised in recent 2015-16. challenge if the European a statement. raided units of global while importing and selling through company records years, the source said. The CCI’s raids on Union goes ahead with Malaysia is the world’s sec- commodities trader Glencore them in the Indian market at Glencore’s office in The raids on five company commodities traders mark recommendations to phase ond largest palm oil producer and two other firms in at higher prices in 2015 and offices in India’s financial only its fourth such search out palm oil from transport behind Indonesia. Both coun- Mumbai on Saturday in an 2016, when India faced an Mumbai, confirming it was capital began on Friday and operation in its near 10-year fuel used in the bloc. tries have been battling with inquiry into alleged collusion acute shortage, the sources part of the watchdog’s were concluded on Saturday. history. They can only be In a list of criteria published EU governments and the EU on the price of pulses, four said. probe into accusations of Antitrust officials conducted with approval from on Wednesday, the European parliament over attempts to sources with knowledge of the A spokesman for fixing import prices collected evidence, including a judge. Commission concluded that curtail exports in a bid to ad- raids told Reuters. Switzerland-based Glencore, documents and e-mails, and In October, the CCI palm oil cultivation results in dress rampant deforestation More than 25 antitrust Charles Watenphul, declined questioned company officials raided the offices of global excessive deforestation and its linked to palm oil cultivation. officials carried out the raids to comment, while India’s such as chickpeas and black during the raids, a second brewers such as Carlsberg use in transport fuel should be Malaysia’s foreign minis- at the offices of local units of Edelweiss, which sold its grams, which are a staple of government source said. and Anheuser Busch InBev phased out. try said the country had con- Glencore and Africa’s Export commodities trading business Indian cuisine, in 2015 and Another source, an indus- and found e-mails which Malaysia’s foreign ministry sistently provided evidence of Trading Group, and India’s in November 2016, and the forced New Delhi to offer try executive, told Reuters that allegedly showed violations described the recommendation the sustainability of its palm Edelweiss group which Export Trading Group did duty-free imports, encourag- CCI’s search involved going of Indian antitrust laws. The as a “calculated political oil, highlighting the imple- previously had a commodities not respond to requests for ing foreign and Indian traders through company records at brewing companies have act” aimed at removing its mentation of the Malaysian business, two government comment. who imported pulses to sell Glencore’s office in Mumbai, pleaded leniency under a palm oil exports from the EU Sustainable Palm Oil (MSPO) sources told Reuters. Two years of drought locally. confirming it was part of the CCI programme, Reuters has marketplace. certification standard. The Competition Commis- pushed up prices of pulses “The collusion by these watchdog’s probe into accusa- reported.

New deal to meet rising demands for bus transport Qatar Automobiles Company to supply MBM with over 50 FUSO Rosa buses

Agreement aims to upgrade the MBM fleet of buses, meet the increasing demands of clients & corporates TRIBUNE NEWS NETWORK its expansion plans to meet the DOHA growing demand on transportation services for various business sectors QATAR Automobiles Company in Qatar. Our agreement with QAC (QAC), the authorised distributor is part of our strategy to enhance of Mitsubishi Motors Corporation the position of our company, and FUSO in Qatar, a subsidiary continue our sustainable growth of Naser Bin Khalid Group of and elevate the transportation Companies, signed a deal to supply services to the next level”. MBM with over 50 FUSO Rosa Mr Saeed Mohammed Nazeer, buses. The agreement aims to CEO of MBM said: “As a leading upgrade the MBM fleet of buses company in transport solutions and meet the increasing demands in Qatar, MBM continues its of clients and corporates which expansion plans to serve various rely on MBM to provide them with sectors. With increasing demand transportation services. on reliable fleet transportation, we are happy to partner with Qatar FUSO Rosa is the only bus in Automobiles Company to bring on board more Mitsubishi Fuso Rosa Qatar that can accommodate up buses that best meet our needs. to 26 seats including the driver We are looking forward to signing more deals and enhancing this HE Sheikh Faleh Bin Nawaf Al partnership with QAC”. Thani, Operations Director, Auto, The Rosa is the only bus in at Nasser Bin Khaled Holding said: Qatar that can accommodate up “Qatar Automobiles Company is to 26 seats including the driver. proud to extend its partnerships It is equipped with Class Leading with various corporations in Qatar. Features. Forward position of Our agreement with MBM, the passenger entrance door makes it The Mitsubishi Fuso Rosa was launched in 1960 and is now in its fourth generation. The bus is perfect for all kinds of transportation including entertainment trips, leading company in transportation easier for driver to see passengers school transportation, staff, VIP transport. is in line with our strategy and entering/exiting the bus, while plans to offer comfortable and large bonded passenger windows fuel efficiency. We are confident transportation, staff, VIP transport. In terms of Safety and Comfort, been revolutionising the transport reliable transport solutions. This are ideal for unobstructed view. that they are the perfect fit for The Rosa uses Michelin the accelerator interlock and pre- culture, providing a class above assures once again the confidence Mr Hisham Al Sahn, General MBM operations whether for staff tyres and is equipped with high warning buzzer prevents vehicle “luxury & safety”. Being in the field of our clients in our vehicles and Manager of QAC said: “The Fuso transport, school transportation or performance 4.9 liter 4-cylinder being driven with passenger door for more than a decade, MBM is the value of our products in terms Rosa Buses are one of the best for entertainment trips”. engine and independent front open. Other facilities include, poised to grow and be able to cater of efficiency, safety and durability. in this segment. We are happy The Mitsubishi Fuso Rosa is a suspension. Its Dual caliper front Reverse camera as standard, to the divergent transportation We would like to thank MBM for to supply the fleet of buses to our Japanese minibus manufactured disc brakes with electronic wear seatbelts on every seat, ADR 59 needs of our corporate clients, which choosing us as their preferable business partner MBM to meet by Mitsubishi Fuso Truck and Bus indicator warning maximise the roll strength compliant and rear include high-profile government and partner and looking forward to their increasing demands on Corporation. The Mitsubishi Fuso safety of the bus while moving air-conditioning system with semi-government organisations. enhance this mutual collaboration reliable transport buses. The Rosa Rosa was launched in 1960 and and stopping. In terms of modern integrated roof vents located Fuso Showroom is located on in the years to come”. buses are globally known for their is now in its fourth generation. technology, the Rosa encompasses throughout cabin. Salwa road. Customers can visit Mr Muhammad Mesned S class leading features, technology The bus is perfect for all kinds Multimedia SAT/NAV unit MBM was founded in 1997 the showroom from Saturday to M Al Misned, Chairman, MBM and high performance with of transportation including with Bluetooth and 3 years map to provide transport solutions to Thursday from 8 am to 9 pm and commented: “MBM continues minimum operation cost and high entertainment trips, school upgrades. various fields in Qatar. MBM has on Friday from 5 pm to 9 pm.