ISO 9001:2008 CERTIFIED NEWSPAPER Tuesday 14 January 2014 13 Rabial I 1435 - Volume 18 Number 5944 Price: QR2 Brent, US $500,000 crude prices up for edge down grabs in Qatar Business | 17 Sport | 26 www.thepeninsulaqatar.com
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[email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 QE breaches Labour Ministry 11,000 mark DOHA: Qatar’s rallying stocks pushed the bourse’s main index beyond the psychological barrier licence must of 11,000 points to 11,019.86 yes- terday. The buoyancy in witness on Qatar Exchange (QE) for a while, say analysts, is mainly inspired by investor expectations for nurseries that dividend payouts by compa- nies for 2013 might surge to his- toric highs. QR100,000 fine for violators According to an analyst, listed entities may pay out up to a stag- DOHA: A law passed yesterday Minister to frame executive reg- gering QR24bn to QR25bn in cash makes it mandatory for play ulations to help enforce the law, dividend for 2013. “We hope the schools, nurseries and crèches and until then the existing rules collective net profits of Qatari in the country to be licensed will apply. companies in 2013 to be in the by the Ministry of Labour and Every licensed nursery or play range of QR39.5bn to QR40.8bn,” Social Affairs after making a school will need to have a female said an analyst. The combined net security deposit of QR100,000 director and a female assistant, a profits in 2012 were QR37.6bn. and fulfilling several other supervisor and a qualified nutri- The bourse had created a conditions.