BUSINESS Wednesday 20 March 2019 PAGE | 02 PAGE | 07 Sheikh Mohamed Germany Bin Faisal Al Thani Launches 5G Appointed Aamal Auction Amid CEO Row with US

BUSINESS Wednesday 20 March 2019 PAGE | 02 PAGE | 07 Sheikh Mohamed Germany bin Faisal Al Thani launches 5G appointed Aamal auction amid CEO row with US

Islamic finance will benefit from infra spending: Minister

LANI ROSE R DIZON THE PENINSULA

H E Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry said yesterday that Qatar’s growing Islamic finance industry Sheikh Abdulla bin Mohammed bin Saud Al Thani (centre), Ooredoo Chairman; Sheikh Saud bin Nasser Al Thani (second right), Ooredoo can hugely benefit from Group CEO; and other board members and senior officials during the AGM, yesterday. the country’s infrastructure spending, particularly in the 2022 World Cup projects. He encouraged Islamic Ooredoo soon to roll out Special banks in the country to take advantage of the modern technology in FIFA World Cup 2022 5G services order to reduce cost. Delivering the H E Ali bin Ahmed Al Kuwari, Minister of opening address at the LANI ROSE R DIZON 2018 have also been approved. commitment to building a better Commerce and Industry, addressing the 5th Doha Islamic THE PENINSULA Speaking about the com- digital future for its customers. Finance Conference, opening session of the 5th Doha Islamic pany’s 2018 performance, Sheikh He also said, “Our lead in the Minister said with Finance Conference at the Sheraton Grand Ooredoo Chairman Sheikh Abdullah said Ooredoo recorded adopting new technologies was Qatar’s growing Doha Resort and Convention Hotel yesterday. Abdullah bin Mohammed bin revenues of QR29.9bn, with clear across all of our markets, PIC: SALIM MATRAMKOT/THE PENINSULA Islamic banking Saud Al Thani yesterday Our markets strong contributions from Oman and particularly in Qatar, where assets, the country is announced that Ooredoo would all have strong and Kuwait, with EBITDA at we have launched the world’s currently the fifth largest cutting the cost of providing soon be offering surprise 5G demand for data QR12.2bn and EBITDA margin of first 5G commercial network, Islamic finance market in the financial services by 80 to 90 services to its subscribers, which services, with data 41 percent. and we were the first operator world. percent. will take effect from the Net profits to Ooredoo share- to test self-driving 5G connected According to the Minister, With this, the Minister said, upcoming Emir’s Cup until the revenue growing holders were QR1.565bn, with aerial taxis. In Oman, we Qatar’s Islamic banking assets that fintech plays an important FIFA World Cup 2022. at a pace ahead of net profits in Q4 much improved launched the pre- 5G technology of $120bn with growth rates of role in reinforcing the Islamic Sheikh Abdullah, while other contributing compared to the same period in through our home broadband more than 10 percent, is fifth sector to compete with conven- speaking at the company’s factors. 2017, which was credited to program. While in Algeria we largest in the world. Islamic tional banks, as well as in annual general meeting, said the reduced operational cost and tax. were the first operator to roll out banking assets also constitute keeping up with international new services, which will be B2B revenues were QR5.2bn, 4G in 48 regions. In Palestine, we 26 percent of the total banking markets. announced at the Emir’s Cup, are reflecting Ooredoo’s continued launched 3G in the West Bank assets in Qatar, the Minister The Minister also expressed part of the company’s special network services and tech- support of its business, SME, and for the first time. Also, to cope added. his trust in Islamic institutes’ offer in the run up to the FIFA nology, and our absolute com- government customers, Sheikh with the structural changes in the In his speech, the Minister ability to rub shoulders with World Cup 2022 and commitment to improving cus- Abdullah added. global telecoms sector, we have also reiterated that the country changes in technology while mitment to digital technology. tomers’ digital lives. We look He also said that significant made some important changes was one of the most stable complying with Shariah He added, “It is clear our forward to continuing this pro- revenue contributions came in the management of some economies in the region, standards. markets all have strong demand gression in 2019”. from data, with strong contribu- OpCo’s and took steps to noting that the IMF expects the Also speaking during the for data services, with data During the meeting, the tions from Qatar and Indonesia optimize costs to provide strong country’s GDP to rise to event, Minister of Endowment revenue growing at a pace ahead shareholders approved the rec- resulting in data revenue returns to our shareholders”. 3.1percent. He also highlighted and Islamic Affairs HE Dr. of other contributing factors. We ommendation of the Board of reaching 47 percent or QR14.2bn, During the event, Sheikh the growth of non-oil sector Ghaith Bin Mubarak Al-Kuwari, are seeing a transformation in Directors to distribute a cash div- crediting it to the success of the Abdullah also highlighted the in Qatar with a growth rate of stressed the need for Islamic the telecommunications industry idend of 25 percent of the group’s development and growth revision of the Group’s Standard 6 percent in the first half of banks to update their tech- landscape as a result; a transfor- nominal share value (QR2.5 per strategy. & Poor’s rating from negative to 2018. nology far beyond the technol- mation that is enabling us to con- share). The company’s Corporate Sheikh Abdullah also said stable, reaffirming the rating of In a study, it was said that ogies available in traditional solidate and further enhance our Governance Report and financial that Ooredoo was working to the Group as an issuer at A-2/A-, financial technologies (fin- banks; and to work on zero tol- position within the market statements as well as the confir- digitally transform its operations amidst a general revision of techs) have the potential of erance to errors. `P06 thanks to our superior data mation of final year results for and reiterated the company’s Qatar’s ratings. Nakilat remains steadfast in the face of challenges World’s first gold-backed SATISH KANADY LNG transportation whilst con- THE PENINSULA tributing towards the devel- digital e-token launched opment of Qatar’s shipping and Qatar Gas Transport Company maritime industry. MOHAMMAD SHOEB advances in current block (Nakilat) Chairman Dr. The Chairman said the inte- THE PENINSULA chain technology enables Mohammed bin Saleh Al Sada grated services of ship repair, the I-Dinar e-token to be stated yesterday that Nakilat offshore construction, ship The world’s first Islamic used as a value transference continued to push boundaries building, as well as compre- Electronic Exchange and settlement denominator and successfully implemented hensive maritime services and Platform for digital e-token for exchange, trading, and several long-term growth strat- vessel support to various types I-Dinar, which is backed by payment settlements. egies by strengthening its inter- of ships in local waters further gold, was launched yesterday This unprecedented national presence and diversi- adds value to its business and on the sidelines of the achievement is the result of fying its fleet towards main- Nakilat Chairman, Dr Mohammed bin Saleh Al Sada (centre), with contributes towards elevating opening day of the 5th Doha extensive work, studies, and taining global leadership in LNG Vice-Chairman, Ahmad Saif Al Sulaiti (right), and CEO, Abdullah the country’s maritime industry Islamic Finance Conference. meetings among a distin- transportation in 2018. Al Sulaiti, attending the AGM of Nakilat held at the La Cigale Hotel to greater heights, in alignment The I-Dinar Platform is guished and professional Addressing Nakilat’s Annual in Doha yesterday. PIC: SALIM MATRAMKOT/THE PENINSULA with Qatar National Vision a blockchain based e-token, team of work from Qatar General Meeting (AGM), Dr Al Sada 2030. in which its initial value of Financial Centre (QFC) led said the company expanded its reinforcing its integral role in sup- market environment, Nakilat Nakilat Chief Executive 1-Dinar e-token is backed by Yousuf Al Jaidah, CEO of fleet with the addition of two liq- porting Qatar’s industry-leading continued to deliver all its cargos Officer Abdullah Fadhalah Al by the value of 1 gram of Qatar Financial Centre uefied natural gas (LNG) carriers status as the world’s largest without any interruptions or Sulaiti said: “Nakilat’s strong gold. (QFC) Authority, Khalid bin and acquired a major stake in its exporter of clean energy. impact. Nakilat’s solid foun- financial performance bears tes- The digital I-Dinar Ahmed Al Suwaidi, first floating storage regasification Navigating through the dation and consistent opera- tament to the company’s prudent e-token serves not only as a Chairman of the Board of unit (FSRU). This opened a new unique challenges brought about tional efficiency has allowed the long-term growth plans that has form of ‘digitalised’ gold Directors of QAF Holding horizon and business avenue for by the ongoing blockade of company to remain steadfast and enabled it to remain resilient investment portfolio, but Group, and Ibadah Inc from Nakilat, allowing it to maximize Qatar, as well as the dynamic resilient, steering forward its despite challenging the business also with the advent and Malaysia. `P06 returns for shareholders while global energy and maritime vision to be the global leader in environment. `P06 02 BUSINESS WEDNESDAY 20 MARCH 2019 Barwa announces awarding of Phase-III Madinat Al Mawater project contract

THE PENINSULA The project embraces Al Thani, and the follow-up of DOHA the Prime Minister and Interior a total construction Minister H E Sheikh Abdullah bin Barwa Real Estate Group, the built-up area of Nasser bin Khalifa Al Thani. leading real estate investment around 167,072 The construction of this company in Qatar, announced phase comes after the con- square meters, Dr Jabor Fadl Al Nuaimi (centre), presiding over the meeting on behalf of the Chairman of the the award of the construction of struction and operation of the Committee Mohamed bin Ahmed bin Towar Al Kuwari, First Vice-Chairman of Qatar Chamber, at QC the third phase of Madinat Al which includes first and second phases of Mawater project to the used-car lots, Madinat Al Mawater project, headquarters, yesterday. Contractor “Hassanesco Trading apartments, shops which is located on Rawdat and Contracting (HCC)” for a Rashid road near the inter- value of QR335m, with the and workshops. section with Salwa Road. It will QC discusses ways to support implementation of this phase to serve as the main destination be completed within a period of and the first and largest project 18 months. cameras with all related services in the State of Qatar for all investment in private education sector The project embraces a total such as pump rooms, water and services related to the sale, pur- construction built-up area of irrigation tanks, as well as chase and maintenance of used THE PENINSULA the certificate of secondary especially that the British system around 167,072 square meters, sewage treatment plant. cars and vehicles. This project DOHA school as well as systems of allows students to enroll in an which includes used-car lots, Issa bin Muhammad Al is one of the benefits of the part- upgrading students. accredited center for examina- apartments, shops and work- Muhannadi, Vice Chairman and nership between the gov- The Education Committee of The attendees agreed on tions, without being restricted shops. In addition to an inte- Managing Director of Barwa Real ernment and the private sector Qatar Chamber (QC) discussed preparing a note to be to the school in which they study, grated car services center, a Estate Group, noted that the third represented by Barwa Real yesterday mechanisms to addressed to concerned entities provided that they should run commercial car spare parts phase of Madinat Al Mawater Estate Company in order to support investment in the in the ministry to take necessary teat in at least five subjects complex, a hypermarket, a project is considered one of the create a central market for pro- private education sector in measures for protecting what during the academic year. mosque and a car dealer largest phases of the project to viding all the necessary services Qatar, as well as a number of was achieved by students this The meeting also discussed showroom. Moreover, the date and is built with high quality for the car business. topics related to the private year. a number of topics related to project will cover the con- in the construction and with an The first and second phases education sector. The meeting was presided education, including school fees struction of the infrastructure integrated infrastructure. He also were implemented according to During its meeting, the Com- over by Dr Jabor Fadl Al Nuaimi for the new and existing schools, work which includes the con- praised the unlimited govern- the highest standards despite the mittee discussed a number of on behalf of the Chairman of the relations between the teacher struction of an electricity sub- mental support for the private unjust blockage imposed on issues including impacts of Cir- Committee Mohamed bin Ahmed and students as well as the station, internal roads, networks sector and relying on it in the Qatar. It should be noted that cular No (6) of the Ministry of bin Towar Al Kuwari, First Vice- information requested from for potable water, firefighting urban development in Qatar there is no conflict of interest Education and Higher Education Chairman of QC. various departments of the systems, irrigation, storm water under the patronage of the Amir between the contracting parties on the commitment to the edu- The meeting also discussed private school, reaching to 46 and foul waters and surveillance H H Sheikh Tamim bin Hamad to this agreement. cational sequence for adopting venues of examinations, files. Sheikh Mohamed bin Faisal Al Thani appointed Aamal CEO

THE PENINSULA series of internal enhancements that Aamal CEO and Managing Director of Aamal Aamal’s ongoing commitment to best DOHA is implementing, to further improve the Company, commented: “It is truly an practice and the highest professional Company’s efficiency and effectiveness. honour to have gained the trust of the standards, including in our transparency Aamal Company , one of the region’s Sheikh Mohamed has been a member Board of Directors and to be appointed and application of the Corporate Gov- fastest growing diversified companies, of the Board of Directors of Aamal CEO and Managing Director of Aamal. This ernance Code. This appointment is also announced the Board of Directors’ Company since 2009. He is also a member appointment gives me an enhanced role in accordance with the Board’s continuity decision of 26 February 2019 to appoint of the Board of Directors of Al Khaliji in leading Aamal forward and in helping plan to ensure the implementation of the Sheikh Mohamed bin Faisal Al Thani as Bank, and the Honorary President of the to realize the Board’s vision, including strategic objectives, which have guided the CEO of the Company. In addition, Italian Chamber of Commerce in Qatar. achieving further growth and prosperity Aamal since our establishment. We aim Sheikh Mohamed will continue to serve He was awarded a bachelor’s degree in for our Company and country.” to achieve these objectives under the lead- in his current position as Aamal’s Commerce and Business Administration Sheikh Faisal bin Qassim Al Thani, ership of our efficient management team, Managing Director. from Carnegie Mellon University, Qatar. Chairman of Aamal Company, com- and we will be making further appoint- Sheikh Mohammed bin Faisal Al This appointment marks the start of a Sheikh Mohamed bin Faisal Al Thani, mented: “This decision is in line with ments to be announced in due course.” Thani WEDNESDAY 20 MARCH 2019 BUSINESS 03 04 BUSINESS WEDNESDAY 20 MARCH 2019 WEDNESDAY 20 MARCH 2019 BUSINESS 05 06 BUSINESS WEDNESDAY 20 MARCH 2019 Porsche expects more growth in 2019 after achieving new records in 2018

THE PENINSULA successful model in terms of volume, DOHA at 86,031 vehicles. The Chinese market also retained its position as top per- Success in a time of transformation: former in 2018, with growth of 12 In the 2018 financial year, Porsche AG percent there, amounting to 80,108 achieved new records for operating units. With an increase of 3 percent to profit, sales revenue, deliveries, and 57,202 vehicles, the USA again took headcount. The company’s operating the second spot. profit grew by around 4 percent “The transformation of the auto- compared with the same period in the motive industry is in full swing. We are previous year, reaching €4.3bn, and very much engaging with digitalisation, sales revenue increased by 10 percent connectivity, and new mobility con- to €25.8bn. The operating return on cepts,” said Blume. In order to further sales was 16.6 percent. In 2018, the reduce carbon emissions, Porsche is company delivered 256,255 vehicles also focusing its attention on synthetic to customers, representing a 4 percent “power-to-liquid” fuels that are pro- increase on the previous year. Senior officials of Porsche AG posing with the latest model. duced using renewable energy. “We “In the 2018 financial year, our see significant potential in the area of attractive product range enabled us to purely battery-powered model series Panamera, Cayenne and 911 synthetic fuels as a way of making the once again significantly increase deliv- from Porsche. In this area, the com- “We achieved new records for operation of vehicles with combustion eries. Porsche is synonymous with pany’s efforts are based on the pro- sales revenue and operating profit in engines even more environmentally emotional petrol engines and high-per- jection that by 2025, half of all sales 2018. The increase in profit resulted friendly – particularly in the existing formance plug-in hybrids; in the future from the Porsche product range will in particular from a growth in volume, vehicles,” said Blume. it will be just known as well for pure be of electrically driven models, or improved product mix, and positive “The switch to the new WLTP test electric drive systems,” comments partially electrically driven plug-in development in our other business cycle and gasoline particulate filters, Oliver Blume, Chairman of the Exec- hybrid models. fields and divisions,” said Lutz combined with our elimination of new utive Board of Porsche AG. Porsche will “Our workforce has more than Meschke, Deputy Chairman and Exec- diesel-driven models, mean that the be investing around €15bn in new doubled in just seven years,” Blume utive Board Member for Finance and months ahead will also be chal- products in the period up to 2023. points out, “and electromobility is IT at Porsche AG. lenging,” comments CFO Meschke. The sports car manufacturer is another driver of jobs; we’re creating With a 38 percent increase, the Despite this, Porsche expects systematically expanding its offering 1,500 new roles for producing the Panamera achieved the strongest increased deliveries in 2019, as well in the field of electromobility: The Taycan alone. Our first purely electric growth in terms of deliveries, reaching as a slight rise in sales revenue. “Our Taycan, the first purely electrically sports car heralds the start of a new 38,443 vehicles. But even the 911 products create the foundation for a driven sports car from Porsche, will era – and we’re very optimistic that recorded double-digit growth, despite successful financial year. In particular debut in September, with its first the Taycan will be a success. Given the change in model generation: the in 2019, we will have the new gener- derivative, the Cross Turismo, fol- that we already have more than number of sports cars delivered ation of the 911 being launched in all lowing at the start of the next decade, 20,000 people seriously interested in increased by 10 percent to 35,573 markets worldwide; further model while the new generation of the buying one, we will be adjusting our vehicles. Deliveries of the Cayenne derivatives of the 718 and Cayenne; Macan compact SUV will also feature production capacities upward.” grew by 12 percent, to 71,458 cars. The and the launch of the Taycan,” an electric drive, making it the second Double-digit growth rates for the Macan continued to be the most Meschke added. MARKETWATCH

QSE FTSE100 DOW BRENT 9,957.03 7,324.00 25,965.59 $58.88 -15.65 PTS +24.81 PTS +51.49 PTS -0.21 0.16% 0.34% 0.20% Dow & Brent before going to press

Abbas Ali, Managing Director of Ibadah Inc, providing a presentation on the details of I-Dinar, the world’s ﬁrst digital e-token, which is backed by gold, on the sidelines of the opening day of the 5th Doha Islamic Finance Conference, yesterday. UK unemployment rate hits World’s first gold-backed digital e-token launched 44-year low: Official data AFP FROM BUSINESS PAGE 1 LONDON Al Suwaidi said that as part of the com- from the Qatari establishment, including According to Ibadah Inc Managing Director pletion of the digital trading ecosystem, The the Prime Minister and Minister of Interior, Abbas Ali, through its incorporated company I-Dinar platform should work to develop Sheikh Abdullah bin Nassir Bin Khalifa Al The British unemployment rate has struck a 44-year low, official in Qatar, Ibadah Inc has been given the prin- the role and presence of many institutions Thani, and QFC as well. The actual imple- data showed yesterday, despite a broader economic slowdown cipal approval by QFC to operate the I-Dinar operating in the field of financial services, mentation of I-Dinar idea in Qatar demon- as Brexit looms. E-Exchange, a multi-product digital trading especially specialized banks and financial strates and reflects the progress and the cul- The jobless rate - or proportion of the workforce that is unem- platform which trades the I-Dinar with and institutions, which are used to provide the tural awareness of Qatar as well as the ployed - hit 3.9 percent in the three months to the end of January, against other commodities, cryptocurrencies, optimal solutions and financial instruments understanding of the future variables and the lowest level since 1975, the Office for National Statistics said. financial instruments and products as well necessary to conduct financial and com- requirements in spite of all the challenges That followed 4.0 percent in the three months to December, as major fiat currencies globally. This is the mercial operations accurately and com- in general. On the other hand, I-Dinar the ONS added in a statement, while expectations had been for first “hybrid” digital online exchange of its pletely taking into consideration the cri- concept is considered an unprecedented no change. The total number of unemployed people slid by 35,000 kind in the world, with the base denominator teria of acceptance globally other than the achievement on the ground to develop the to 1.34 million in the year to January, which was 112,000 lower exchange medium being the digital, gold enormous technological and electronic economic cooperation, trade, prosperity, than a year ago.Economists said the labour market update painted backed I-Dinar e-token. development and speed. and wealth to the Islamic World despite of a bright picture, despite a slowing economy with Britain scheduled As for the future development of the The idea of I-Dinar has found generous the current challenges of rapid digital eco- to leave the European Union next week. I-Dinar platform and the e-stock exchange, patronage and support from the first day nomic development in particular.

UK supermarkets Islamic ﬁnance will beneﬁt from QSE holds workshop for pledge price cuts infra spending: Minister amid merger FROM BUSINESS PAGE 1 one of its priorities. listed companies on IR rules doubts In his speech, Barwa Bank During the event, Islamic Chairman & Managing Director finance experts also discussed THE PENINSULA presentation and hold at least AFP Sheikh Mohammad Bin Hamad the experience of central banks DOHA QSE has invested in one investor conference call LONDON Bin Jassim Al-Thani, said the in their transformation towards a number of ini- after publication of its annual, bank is aiming to reach a digitalization, the risks and Qatar Stock Exchange yesterday tiatives in the area semi-annual and quarterly British supermarket giant complete digital transformation requirements in setting up a held a workshop for listed reports. Sainsbury’s and Walmart- as part of their five-year digital Islamic bank, the role of companies in relation to the of IR over recent Abdul Aziz Al Emadi who owned Asda yesterday vowed strategy. He said the bank, which fintech in digital economy and forthcoming introduction of a years and this led the workshop commented to slash prices to overcome is diversifying its services and sustainable development, and mandatory IR Rules regime. represents a fur- “The IR Rules are part of QSE’s regulatory concerns and secure products, has also identified the challenges in electronic QSE has invested in a ther commitment commitment to create effective a blockbuster merger. digital technology services as systems in Islamic banks. number of initiatives in the area communication channels and The Competition and of IR over recent years and this to best practice in improve and encourage the Markets Authority watchdog represents a further com- Qatar. ongoing communication last month warned that the mitment to best practice in between companies listed on planned merger raised Nakilat remains steadfast Qatar. Feedback from local and the main market of QSE and the “extensive competition con- international investors suggests standards. What we are talking investor community.” He cerns” and could spark higher in the face of challenges that Qatari listed companies are about is doing more than the added, “Qatar’s inclusion in a prices and less choice. FROM BUSINESS PAGE 1 making significant strides in regulatory minimum which is number of important indices in The warning, contained in during the period from January this area but QSE recognizes the an important differentiating the recent years including the early findings of the CMA’s in- The company has successfully 2018 until March 2019, need for continuing factor for emerging markets.” EM MSCI, FTSE and S&P Indices depth probe, has sparked heavy capitalized on profitable growth compared to an increase of 13.5 improvement since good IR has The IR Rules consist of a are important indicators of criticism from the two super- opportunities and pursued percent in the Qatar Stock knock-on effects in terms of number of base line provisions progress made by Qatar and market firms, particularly over sustainable cost optimization Exchange. valuation, liquidity and ulti- in the QSE Rulebook and thus the IR function is critical the level of competition in the initiatives to achieve greater cost “We will continue to steer mately ‘trust’ in the Qatari further requirements published to the successful ongoing devel- sector. efficiency and synergy across ahead with our business plans market. in February. In summary, as opment of our companies and “Sainsbury’s and Asda the organization, which has and effective risk management In relation to the IR Rules, from 01 October 2019, each the promotion of our market strongly disagree with the enabled us to maintain a steady to continue delivering positive Rashid Mansoori, CEO of Qatar company listed on QSE will be both domestically and interna- CMA’s provisional findings,” the cashflow. The company value to our shareholders, and Stock Exchange commented required to appoint an Investor tionally.” The workshop was pair said in a statement on achieved strong results which towards achieving our vision to “The existing disclosure rules Relations Officer; create and attended by representatives of Tuesday, adding that the regu- reflected positively on the be a global leader and provider are based on regional best maintain a dedicated investor listed companies who will be lator’s initial verdict contained performance of the share price of choice for energy transpor- practice and Qatari companies relations section on its website; closely involved in the intro- “significant” economic and during the previous period with tation and maritime services,” clearly meet these regulatory and publish an investor duction of the IR rules. legal errors. an increase of 23.7 percent the CEO added. WEDNESDAY 20 MARCH 2019 BUSINESS 07 Germany launches 5G auction amid row with US

AFP infrastructure, arguing that Chinese Chinese Foreign Minister BERLIN equipment could help Beijing spy Wang Yi on Monday lashed out at on Western companies and what he called “abnormal, Germany launches its auction governments. immoral” attacks on Huawei and yesterday for the construction of Attempting to play down the demanded a “fair and just compe- an ultra-fast 5G mobile network row on Monday, Jochen Homann tition environment” for Chinese as a transatlantic dispute rages (pictured), chairman of the firms. US-led attempts to over security concerns surrounding German Federal Network Agency encourage other nations to ban giant Chinese telecoms equipment (BNA), said: “No matter whether a Huawei equipment from their tel- maker Huawei. supplier comes from Sweden or ecoms infrastructure suffered a The United States has warned China, companies must meet cer- setback when Chancellor Angela it could scale back the sharing of tification requirements and Merkel’s government decided sensitive information with Berlin security checks.” against imposing company spe- if it does not exclude hardware ‘5G’ - ‘fifth generation’ - is the cific-restrictions on the 5G auction. made by Huawei from the latest, high-speed generation of providers - Deutsche Telekom, According to media reports, cellular mobile communications Vodafone and Telefonica Germany US ambassador to Germany ‘5G’ - ‘ﬁfth genera- and Berlin will require winning (O2) - plus United Internet (1&1), a Richard Grenell last week warned tion’ - is the latest, bidders to offer 5G service to at German company specialising in that Washington could review least 98 percent of German house- internet services. intelligence cooperation unless high-speed gen- holds and along motorways and Huawei is not one of the Berlin agreed a Huawei ban. eration of cellular rail lines. Germany, Europe’s bidders but provides the four In a letter, Grenell told Peter mobile communi- biggest economy whose wireless German companies with essential Altmaier, Germany’s economy cations and Berlin networks however rank 46th in the hardware such as antennas and minister, that intelligence-sharing world for download speeds, wants routers. cooperation could be scaled back will require winning to close the sizeable digital gap by The US has accused Beijing of if Berlin allows the Chinese firm to bidders to offer 5G making the shift to the ultra-fast using Huawei’s 5G network gear be part of the 5G network, the Wall service to at least 5G system. as a Trojan horse, forcing operators Street Journal reported. 98 percent of Ger- The BNA started the auction to transmit data to the regime, but The threat escalated last week in Mainz at 0900 GMT on Tuesday Washington has not provided evi- when NATO’s Supreme Allied man households and and the process will allocate 41 dif- dence to support their Commander in Europe, US General along motorways and ferent frequency blocks. suspicions. Curtis Scaparrotti, warned rail lines. Four operators are in the Huawei has strenuously Germany that NATO forces would running, among them Germany’s denied allegations its equipment cut communications if Berlin three main mobile network could be used for espionage. works with Huawei. Sri Lanka wins record foreign investment in oil project

AFP Colombo. It is more than double the next largest experience. “The latest investment shows that COLOMBO foreign investment -- a $1.4bn land reclamation companies in other countries too are interested project next to Colombo port. in going to Hambantota,” Bandara said. Sri Lanka announced yesterday that an overseas Oman will fund 30 percent of the new oil Sri Lanka attracted a record $2.37bn last year joint venture had committed $3.85bn to a new oil project while Singapore-based Silver Park Inter- in foreign direct investment, up 38 percent com- refinery -- the single largest foreign investment national, which is majority owned by a business pared to the previous year, official figures show. in the country’s history. interest in India, will finance the rest. Several major proposals were put on ice late The Board of Investment of Sri Lanka said It is being constructed near the port of Ham- last year as Sri Lanka reeled from a constitutional construction would begin this weekend on the bantota, which was leased to a Chinese state- crisis, with rival factions of government claiming refinery and storage facility jointly financed by owned enterprise in 2017 for 99 years after Sri the right to rule the country. Oman’s Ministry of Oil and Gas and a Singapore- Lanka was unable to service a loan from Beijing. Calm was restored after the Supreme Court registered company. The circumstances surrounding China’s acqui- ruled President Maithripala Sirisena acted ille- Deputy international trade minister Nalin sition of that port, along one of the world’s busiest gally when he sacked his prime minister and par- Bandara said he expected the refinery, which will shipping lanes, generated concern in neighbouring liament, and called snap elections. eventually produce 200,000 barrels a day, to be India and beyond over Beijing’s expanding Sirisena’s opponents blamed the president fully operational within four years. presence in the Indian Ocean. Bandara said new for unnerving foreign investors at a time Sri “This is the biggest single foreign investment lines of cash pouring into the region showed Lanka desperately needs to spur its ailing (in Sri Lanka’s history),” he told reporters in foreign investors were not deterred by that economy.

CROSSWORD MALL ROYAL PLAZA

Badla (2D/Hindi) 2:30, 4:45, 7:00 & 9:15pm Wonder Park (2D/Animation) 5:00pm 3D 3:00pm; Mere Pyare Prime Minister (2D/Hindi) 7:15pm; An International Local Story (2D/Malayalam) 2:15pm; Captain Marvel (2D/Action) 2:00, 3:30, 7:00, Ispade Rajavum Idhaya Raniyum (2D/Tamil) 2:15pm; 9:15 & 11:30pm; Wonder Park (2D/Animation) Badla (2D/Hindi) 4:45, 7:00 & 11:30pm 2:00, 4:00 & 5:30pm; Captain Marvel (2D/Action) 5:00, 7:00, 9:00 & 11:15pm Photograph (2D/Hindi) 5:30pm; Photograph (2D/Hindi) 7:00pm; Capharnaum (2D/Arabic) Capharnaum (2D/Arabic) 7:30pm; 9:15pm; The Hole In The Ground (2D/Horror) 7:15pm Greta (2D/Thriller) 9:45pm; June (2D/Malayalam) 9:00 & 11:30pm; An International Local Story (2D/Malayalam) 11:30pm ASIAN TOWN An International Local Story (2D/Malayalam) 7:00, 9:30pm, LANDMARK 12:00midnight; June (2D/Malayalam) 8:15pm; Kodathisamaksham Balan Vakkeel (2D/Malayalam) 2:45 & An International Local Story (2D/Malayalam) 8:30pm; Mere Pyare Prime Minister (2D/Hindi) 5:30pm; 2:15pm; Badla (2D/Hindi) 2:30, 9:15 & 11:30pm; Ispade Rajavum Idhaya Raniyum (2D/Tamil) 8:30pm; June (2D/Malayalam) 4:30, 8:45 & 11:15pm; Kumbalangi Nights (2D/Malayalam) 11:00pm; Wonder Park (2D/Animation) 3:00, 5:00 & Photograph (2D/Hindi) 6:00pm; Badla (2D/Hindi) 6:00pm; 7:00pm; Lonappante Mammodoisa (2D/Malayalam) 11:00pm; Captain Marvel (2D/Action) 4:45, 7:00, 9:00 & Mr & Ms Rowdy (2D/Malayalam) 11:00pm 11:30pm; ROXY FLIK Mirqab Mall An International Local Story (2D/Malayalam) 11:00am, 1:30, Arctic (2D/Thriller) 1:10, 2:35, 5:10 & 9:15pm 4:00, 6:30, 9:00 & 11:30pm; Badla (2D/Hindi) 10:30am, 1:00, Better Start Running (2D/Action) 11:10am, 3:30 & 9:00pm; Captain Marvel (2D/Action) 11:00am, 1:30, 12;35, 3:10, 7:10 & 11:15pm; 4:30, 6:30, 9:00 & 11:30pm; Rajavum (2D/Tamil) 6:00 & Captain Marvel (2D/Action) 10:00am, 11:10am, 11:30pm; The Hole In The Ground (2D) 9:00 & 11:30pm; 12:30, 1;40, 3:00, 3:50, 4:10, 4:30, 5:00, 6:20, Wonder Park (2D) 10:30am, 12:20, 2:10, 5:00 & 7:00pm 6:40, 7:00, 8:00, 8:50, 9:10, 10:30, 9:30, 11:20, 11:40pm & 12:00midnight; Captain Marvel (3D/ AL KHOR Action) 11:50, 2:20, 4:50, 7:20, 9:50pm & 0:20am; Greta (2D/Thriller) 11:20am, 1:30, Captain Marvel (2D/Action) 11:30am, 2:00, 4:30, 7:00, 3:50, 6:00, 8:10, 10:20pm & 0:30am; Ispade 9:30pm & 12:00midnight; Wonder Park (2D/Animation) Rajavum Idhaya Raniyum (2D/Tamil) 4:40, 11:15am, 1;15, 3:15 & 5:15pm; Ispade Rajavum Idhaya 7:40 & 10:45pm; The Hole In The Ground (2D/ Raniyum (2D/Tamil) 12:30 & 8:30pm; Horror) 7:50, 10:00pm & 12 Midnight; Mere Pyare Prime Minister (2D/Hindi) 7:15, 9:30 & Wonder Park (2D/Animation) 10:15am, 12;10, 11:45pm; An International Local Story (2D/Mal) 3:30 & 2:05, 4:00 & 5:55pm 11:30pm; Badla (2D/Hindi) 6:00pm

Note: Programme is subject to change without prior notice.

JUNE The life story of a girl named June from 16 years of her age until she turned 26, thereby giving an insight into those ten years of her life. WEDNESDAY 20 MARCH 2019 CLASSIFIEDS 08 AL ASMAKH LISTINGS CALL CENTER: 4448 5111 / 4041 0757 We also offer our RICS regulated International valuation service VALUATIONS & RESEARCH [email protected]

Email: info@alasmakhrealestate/com Website: www.alasmakhrealestate.com

TOWERS REGENCY PEARL 2 (THE PEARL): Fully furnished % ! R Z a_,*'b &&# %)') ))## %&() (((% )'# R , % ))##')&)! Z BEVERLY HILLS TOWER (WEST BAY): Fully furnished :K:!+RZR, KK,:K:R:RZ%' , , :K: !+RZ R REGENCY RESIDENCE AL SADD 10 (AL SADD): JK&Z! :K: !+RZ R ,JK:!K:+JK:!K+ W Q W ,,6 7 R Za_,*'b*#%'))'%((+,+%,%))##&%,((+( 7,, JK: !K: +JK:!K+ , , #'&! Z, KK,K :K:R:RZ%' R Z a_,*'b &&# %)') ))## %&() (((% )'# ! Z :K:R:RZ%', REGENCY PEARL 2 (THE PEARL): Fully furnished 1 JK: !K: +JK:!K+ R Z a_,*'b (() *,%) ((+( (%* ))## %&() ((+, #')% ! Z JK:!K:+JK:!K+ R Z B a_,*'b((('#**,((+(#'&(((')#+))##%&,'((+, :K: !+RZ R , KK REGENCY RESIDENCE AL SADD 12 (AL SADD): #%#*! Z ,:K:R:RZ%', AIN KHALID GATE:JK% JKZ R,:K:!+RZJ7,, REGENCY RESIDENCE (WEST BAY): Fully furnished JK: !K: +JK:!K+ % a, b R Za_,*'b*#%'))'%((+,+%,%))##&%,((+( :K: !+RZ R W :K: R:RZ %' %Z%! JK:!K:+JK:!K+ R Za_,*'b&&#%)') #'&! Z, QW 77, ))##&%,((+(#'&))##')&)! Z :K: !+RZ R , , , REGENCY PEARL 1 (THE PEARL): Fully furnished 1 ,:K:R:RZ W :K: R:RZ %' R %' JK: !K: +JK:!K+ REGENCY RESIDENCE AL SADD 12 (AL SADD): R Za_,*'b(()*,%)((+((%*((+,#')% JK:!K:+JK:!K+ R :K:!+RZR JKZ ,KK,:K:R:RZ ! Z Za_,*'b((('#**,(((%)'#((+,#')%((+,#%#* R, :K: !+RZ J 7,, %' , JK: !K: ! Z BEVERLY HILLS GARDEN 2 (AL WAAB): R :K: R:RZ %' +JK:!K+ R Z a_,*'b *#%' ))'% ((+* +,& REGENCY RESIDENCE (WEST BAY): Fully furnished K'Z%! B JK: !K: +JK:!K+ R Z a_,*'b &&# %)') ((+, +%,% (((' )#+ ((+( #'& ! Z , K, ))##&%,((+(#'&))##')&)! Z :K: !+RZ R , , , , REGENCY PEARL 1 (THE PEARL): Fully furnished 1 W:K:R:RZ%' :K:!+RZR, REGENCY RESIDENCE AL SADD 13 (AL SADD): , :K: R:RZ JKZ RJK:!K:+JK:!K+ :K:!+RZR R Za_,*'b((('#**,((+,+%,%))##&%,((+( %' JK: !K: +JK:!K+ :K: R:RZ %' ,KK,:K:R:RZ Za_,*'b&&(%*&))##%&()((+(#'&(((')#+ #'&! Z JK: !K: +JK:!K+ R %' , JK: !K: ))##')&)! Z Za_,*'b&&#%)')))##%&,'((+,#%#*(((%)'# REGENCY RESIDENCE (WEST BAY): Fully furnished +JK:!K+ R Z a_,*'b *#%' ))'% ((+* +,& BEVERLY HILLS GARDEN 1 (AL WAAB): R ))##')&)! Z %Z%! ((+, +%,% (((' )#+ (((% )'# ! Z , K'Z%! B REGENCY RESIDENCE MUSHEIREB 1 :K: !+RZ R , K, (MUSHEIREB):JK , , REGENCY PEARL 2 (THE PEARL): Fully furnished 1 :K: W :K: R:RZ %' R B ,:K: !+RZ R , !+RZ R Q R JK:!K:+JK:!K+ R :K: !+RZ R , KK WB:K:R:RZ%' Z a_,*'b (((' #**, (((% )'# ((+, #')% ! Z ,:K:R:RZ%', , :K: R:RZ %' JK: !K: +JK:!K+ JK: !K: +JK:!K+ R Z JK: !K: +JK:!K+ Za_,*'b&&(%*&))##%&()((+(#'&(((')#+ a_,*'b((*#*%'((,&)*(+&&,,'%))! Z R Za_,*'b*#%'))'%((+,+%,%))##&%,((+( BEVERLY HILLS TOWER (WEST BAY): Fully ))##')&)! Z #'&! Z, K & & BEVERLY HILLS GARDEN 13 (AL WAAB): R REGENCY RESIDENCE AIRPORT 1 (DOHA AREA): REGENCY PEARL 1 (THE PEARL): Fully furnished K'Z%! B JK :K:!+RZR, _ KQ , 6 K , :K:!+RZR, :K: !+RZ K 7,, Q :K: R:RZ %' , , R,KK,:K: KK , K :K:!+RZR,K7,, JK: !K: +JK:!K+ R Z a_,*'b &&() *() :K: R:RZ %' R R:RZ %' JK: KK &#&,(%+*))##')&)(((%*&'! Z JK:!K:+JK:!K+ R Z !K:+JK:!K+ R Za_,*'b((+*+,&((+, :K:R:RZ%' a_,*'b((('#**,((+,#')%))##')&)(((%*&'! Z +%,% ))## %&,' ))## %&() ! Z , JK: !K: +JK:!K+ R Z a_,*'b &&() *() &&'&&)+((+(#'&(((')#+))##')&)((+,#%#* REGENCY RESIDENCE AIRPORT 1 (DOHA AREA): ! Z RK% REGENCY PEARL 3 (THE PEARL): R K REGENCY PEARL 2 (THE PEARL): Fully furnished , :K:!+RZR, , % Q BEL AIR COMPOUND (LAQTAH):RK (BZ%! Q :K: R:RZ %' BR,, :K:!+RZR JK: !K: +JK:!K+ R Z a_,*'b &&() *() JK: !K: +JK:!K+ R Z a_,*'b *#%' ))'% ,KK,:K:R:RZ :K: !+RZ R , &#&,(%+*((+,+%,%))##&%,! Z ((+* +,& ((+, +%,% ))## &%, &&%, '&% ! Z %' JK: !K: ,, JK: !K: +JK:!K+ R Z +JK:!K+ R Z a_,*'b *#%' ))'% ((+, a_,*'b &&%, '&% ))## %&() (((% )'# ((+, #%#* REGENCY PEARL 3 (THE PEARL): R K +%,% ))## %&,' ))## %&() ! Z , ! Z REGENCY RESIDENCE AIRPORT 2 (DOHA AREA): R K % , BR,, Q BEL AIR COMPOUND (LAQTAH):RK ,:K:!+RZR UMM BAB TOWER (WESTBAY): J K % (BZ%! , :K: R:RZ %' JK: !K: +JK:!K+ R Z a_,*'b *#%' ))'% %! ((+* +,& ((+, +%,% ))## &%, &&%, '&% ! Z :K: JK: !K: +JK:!K+ R Z a_,*'b &&() *() :K: !+RZ !+RZ R , &#&,(%+*((+(#'&&&'&&)+! Z , K 7,, ,, JK: !K: +JK:!K+ R Z REGENCY PEARL 3 (THE PEARL): R K , , JK: !K: a_,*'b&&%,'&%))##%&()(((%)'#! Z ,B +JK:!K+ R Za_,*'b&&%,'&%(((%)'# BIN DIRHAM 1 (MANSOURA): !K % R, , JK: !K: ((+,#')%! Z Z +JK:!K+ Za_,*'b*#%'))'%((+*+,&((+,+%,% COMPOUND APARTMENT :K: R:RZ %' JK: ))##&%,&&%,'&%! Z VIVA BAHRIYA TOWER 4 (THE PEARL-QATAR): AIN KHALID COMPOUND (AIN KHALID): !K: +JK:!K+ R Z a_,*'b &#&, (%+* R J K B , &&()*()))##%&,'))##%&()! Z K ! J J 6 R, : J K % Z % REGENCY PEARL 3 (THE PEARL):RK :K: !+RZ R , :K: !+RZ R , , JK: !K: ,BR, Q_ KBJK:!K: BIN DIRHAM 5 (MANSOURA): !K % , JK: !K: R +JK:!K+ R Za_,*'b&&#,)'++(((%)'# +JK:!K+ R Z_,*'((++*%+! Z: ! Z Z +JK:!K+ Za_,*'b*#%'))'%((+*+,&((+,+%,% :K: R:RZ %' JK: ))##&%,&&%,'&%! Z AIN KHALID COMPOUND (AIN KHALID): !K: +JK:!K+ Z a_,*'b &#&, (%+* &&() *() UMM BAB TOWER (WESTBAY): J K & J K % Z % (((%)'#! Z _ XZ & ! :K: !+RZ R , REGENCY PEARL 5 (THE PEARL): R K , , JK: !K: 18 FLATS (AL WAKRA): + !K , , B :K:!+RZ,K7,, +JK:!K+ R Za_,*'b&&#,)'++(((%)'# K , % K R,,JK: ! Z !K:+JK:!K+ R Za_,*'b((*#*%'((+* ,,JK: %' aX b JK: +,&((+,+%,%))##&%,&&%,'&%! Z !K: +JK:!K+ R Z a_,*'b &&%,'&% ))## BUILDING APARTMENT !K: +JK:!K+ Z a_,*'b &#&, (%+* &&() *() ')&) ((( %*&' ((+, +%,% ! Z &&'&&)+! Z REGENCY RESIDENCE AL SADD 1 (AL SADD): REGENCY PEARL 5 (THE PEARL): R K JKZ! DOHA GARDENS (AL WAAB):JK& ,BR COMPOUND Z!B , , JK: !K: VILLA D`ESTE 2 (AL WAAB):RK& :K:!+RZRQ :K:R:RZ%' +JK:!K+ R Za_,*'b((*#*%'((+*+,& Z! RWR:K:R:RZ%' Z a_,*'b &&#%)')))## %&()((+(#'&(((')#+ ((+,+%,%))##&%,&&%,'&%! Z :K: !+RZ JK: !K: +JK:!K+ ! Z R Z a_,*'b &&# %)') ))## &%, &&,, '%)) R,:K:R:RZ%' ONE COMPANY DEAL ))##')&)! Z REGENCY PEARL 1 (THE PEARL): Fully furnished JK: !K: +JK:!K+ R R , Za_,*'b&&(%*&(((%*&'((+,+%,%))##&%, BRAND NEW RESIDENTIAL BUILDING (WAKRA): MESAIMEER/BARWA CITY: !K & !K ( ! K % Z :K:!+RZR, ! Z Z ! KK,:K:R:RZ%' JK:!K:+JK:!K+ Za_,*'b ,JK:!K:+JK:!K+ VILLA D`ESTE 2 (AL WAAB): R K & :K: &#&,(%+*! Z R Za_,*'b*#%'))'%((+*+,&((+,+%,%))## Z ! R:RZ %' JK: &%,! Z, :K: !K: +JK:!K+ R Z a_,*'b &&%, '%)) ((+( OFFICE & SHOWROOM !+RZ R , :K: #'&! Z AL ASMAKH TOWER (WESTBAY): B + R:RZ %' JK: !K: REGENCY PEARL 2 (THE PEARL): Fully furnished REGENCY RESIDENCE AL SADD 3 (AL SADD): KKQZK, +JK:!K+ R Za_,*'b&&(%*&(((%*&' , JK: !K: +JK:!K+ R Z a_,*'b R , ((+,+%,%))##&%,((+,#%#*! Z JK&Z! :K:!+RZR, &&#&**&+! Z KK,:K:R:RZ%' ,JK:!K:+JK:!K+ :K: !+RZ J 7,, Q :K: REGENCY BUSINESS CENTER 3 (GRAND HAMAD STREET): BEVERLY HILLS GARDEN 10 (Al WAAB): R R:RZ %' JK: !K: KKQ R, , R Za_,*'b*#%'))'%((+,+%,%))##&%,((+( K ' Z & #'&! Z, +JK:!K+ R Za_,*'b&&#%)')((+(#'& R, Q , :K: (((')#+))##%&,'))##')&)! Z KJK:!K:+JK:!K+ R Za_,*'b REGENCY PEARL 1 (THE PEARL): Fully furnished !+RZ R , B , &#&,(%+*&&()*()(((')#+! Z Q :K: R:RZ %' R , :K:!+RZR, JK:!K:+JK:!K+ R Za_,*'b REGENCY RESIDENCE ALSADD 3 (AL SADD): OFFICE COMMERCIAL BUILDING:KKQ KK,:K:R:RZ%' &&(%*&))##%&()((+(#'&(((')#+((+,#%#* JK&Z! R,BQ_%J'RJK: ,JK:!K:+JK:!K+ ! Z R Za_,*'b((+*+,&((+,+%,%))##&%, :K: R:RZ %' !K: +JK:!K+ Z a_,*'b ((+, #%#* '''+ ( ! Z, AIN KHALID GATE: J K ' JK:!K:+JK:!K+ '#'#*%(! Z