ISO 9001:2008 CERTIFIED NEWSPAPER Home | 3 Business | 17 Sport | 28 Ministry sets Oil tumbles 8pc Qatar Stars November 3 as weak China League gears deadline to data revives up for new implement WPS. growth fears. season. WEDNESDAY 2 SEPTEMBER 2015 • 18 Dhul-Qa’da 1436 • Volume 20 Number 6541 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Work on first Expats gain 2022 venue to end next year from currency DOHA: Qatar will complete work on Khalifa International Stadium — the first venue for 2022 FIFA World Cup tourna- ment matches — by 2016, offi- depreciation cials said yesterday. The 40,000-seater stadium is scheduled to host group Exchange houses witness huge rush stage, round of 16 and quarter- final matches during the 2022 BY SACHIN KUMAR are expected to weaken further World Cup. It is also the venue as China is expected to further for the 2019 World Athletics DOHA: Nepalese, Indian and devalue its currency,” he added. Championships. Philippine currencies have A depreciating currency augurs “We are very happy with the depreciated the most against well for expatriates because they rapid progress of renovation dollar-pegged Qatari riyal due get additional income because of works at the site,” said project to recent concerns about global decline. For example, a Nepali manager Mansoor Saleh B Al economic slowdown and devalu- who was getting around 27 rupees Muhannadi. Officials said the sta- ation of Chinese currency. for one Qatari riyal at the begin- dium once completed will include The Nepalese rupee has depre- ning of March when the rupee cooling technology on “the field ciated by 7.3 percent since March was quoting 27.18 against riyal, A computer-generated image of the Khalifa International Stadium once existing renovation is completed by end of play, all seats and concourses”. this year, Indian rupee fell by 6.7 is now getting around 29 rupee of 2016. This venue will stage matches of the 2022 FIFA World Cup to be hosted by Qatar. AFP percent while the Philippine peso because the currency is trading See also page 28 depreciated 6 percent in the last weak at 29.15 per riyal. six months. Currencies of Pakistan and The Nepalese rupee is currently Sri Lanka have also weakened trading at 29.15 per Qatari riyal, in the past six months. The around 1.97 rupee weaker than the Pakistani rupee was trading at level of 27.18 per riyal on March 27.98 against riyal on March 1 1, 2015. The Indian rupee is trad- while currently it is trading at Youth to be guided on private sector jobs ing at 18.22 against riyal, about 28.59 per riyal. 1.14 rupee weaker than 17.08 at The Egyptian pound has weak- DOHA: To push its job nation- tell the students that there are Development Department of the Development Department at the start of March. The Philippine ened marginally as it is currently alisation agenda in the private better and diverse employment Labour Ministry and the minis- the Labour Ministry, said at the peso was trading at 12.11 per riyal trading at around 2.15 per riyal sector, the government yester- opportunities like insurance, the try’s guidance section are tasked launch ceremony that the cam- on March 1 this year while yester- slightly lower than 2.09 it was day launched a unique initiative hospitality sector and banking, with making the initiative a paign will help push the govern- day it was trading weaker at 12.84 trading in March this year. for Qatari students of high and among others. success. ment’s job nationalisation agenda against the riyal. The euro and Bangladeshi taka secondary schools. Titled Wajjahni (Guide Me), A dedicated and professionally in the private sector. “Weakening of currencies is have not weakened and are sta- They will be guided to choose the campaign was launched at qualified team will visit schools A national workforce will due to flight of foreign capital ble against riyal. “A month after specific subject areas for spe- the Four-Seasons Hotel at a for- and meet students and guide be built and it would help the because of concerns about global Ramadan is usually slow for cialisation and made aware of job mal ceremony by the Ministry them to select subject areas of national economy. Students will economic slowdown and recent remittances because maximum opportunities in the private sector of Labour and Social Affairs and specialisation at high and second- be provided training, he added. devaluation in yuan by China. remittances happen during the from early stages of their life. school regulator the Supreme ary school levels. Mariam Al Mannai, from the Foreign investors are pulling out Holy Month. But, this time Asian Due to a lack of awareness Education Council (SEC). Seminars and lectures will be Labour Ministry’s guidance sec- their investments from emerging expatriates were seen remitting about private jobs, most Qataris, Some key private sector part- held and booklets and pamphlets tion, said that a lack of awareness economies and other countries money in August to benefit from when they finish their education ners in the campaign include will be distributed and parents about private jobs among young and are investing in US,” said falling currencies,” said a branch and hunt for jobs, tend to show Hassad Food, Al Sharq, Ooredoo, will also be actively involved Qataris was the reason why they Zuber Abdul Rahman, Operations manager of an exchange house. strong preference for certain sec- Doha Bank and Masraf Al in the selection of subjects of preferred certain sectors (read: Manager, Al Zaman Exchange. Continued on page 4 tors (read: public sector). Rayyan, to name a few. specialisation. government). “Currencies across the world THE PENINSULA The idea of the initiative is to The Human Resource Mellak Al Hajri, head of HR THE PENINSULA WEDNESDAY 2 SEPTEMBER 2015 02 www.thepeninsulaqatar.com HOME Qatar keen to exploit youth potential: Minister First Global Youth Consultation summit opens DOHA: The first-ever Global unleashing their potentials. to exchange insights to contrib- Youth Consultation (GYC) of “We in Qatar firmly believe on ute in shaping humanitarian and the UN’s World Humanitarian the youth’s role in shaping our development polices. Summit (WHS) opened here future and contributing in lay- “Despite the challenges that yesterday confirming the ing the foundation for innovative we are facing across the globe we importance Qatar places on solutions. Qatar also believes in are all hopeful with your contri- the role of youth in shaping the empowering civil society organi- butions that would light the path future of global humanitarian sations to support the youth and of our future.” landscape. provide them with education and The opening ceremony Hosted by Reach Out To Asia necessary tools for their success,” was attended by a number of (ROTA), the two-day event being he said. high-profile local and interna- held at the Hamad bin Khalifa Among the initiatives Qatar tional delegates, including Dr University Student Centre at has launched for the youth was Sheikha Aisha bint Faleh bin Education City gathers over 300 the Education Above All “because Nasser, ROTA Board Member; youth from 82 countries including Qatar believes in education for Jemilah Mahmood, Chief of the 70 from Qatar. the youth to become the builders World Humanitarian Summit H E Sheikh Mohammed bin Abdulrahman Al Thani, Assistant Minister of Foreign Affairs for International Cooperation This is the first time Qatar is of civilisations rather than being Secretariat, UN Office for (right), visiting the exhibition as part of the Global Youth Consultation for World Humanitarian Summit (WHS) at hosting this event. The last major a destructive force.” Coordination of Humanitarian Qatar Foundation’s Student Centre yesterday. Also seen are Sheikha Aisha bint Faleh bin Nasser, ROTA Board consultation on humanitarian In light of what’s happening in Affairs (UNOCHA); Ahmad Member; Ahmad Al Hendawi, UN Secretary General’s envoy on Youth and Dr Jemilah Mahmood, WHS Secretariat action took place nearly 25 years Syria, Qatar had also launched Al Hendawi, United Nations Chief. ABDUL BASIT ago. an initiative to educate Syrians Secretary-General’s Special Addressing the opening ses- in refugee camps and other areas Envoy on Youth; and Dr Hany Al to host such a milestone event, by gathering input from youth to be held in Istanbul, Turkey on sion, Assistant Minister of “whereby the gun can be replaced Banna, Executive Director for The as Qatar will be participating in on humanitarian challenges and May 23 and 24 next year. GYC is Foreign Affairs for International by books and pens.” Humanitarian Forum. A number gathering the input of the world’s solutions. sponsored by Qatar National Bank Cooperation H E Sheikh The minister called the of local charity organisations were youth to change the shape of the The consultation will allow the (QNB), Qatar Airways, Qatar Mohammed bin Abdulrahman Consultation ‘an added value’ to also present at the opening. future on humanitarian issues.” views of participants to be incor- Petroleum (QP), Nakilat, Sheikh Al Thani said hosting the event the WHS and a significant step “ROTA strongly believes in said Dr Sheikha Aisha. GYC aims porated into the UN Secretary- Thani Bin Abdullah Foundation in Qatar for the first time under- for the youth to have their voices the importance of unlocking to improve global disaster pre- General Ban Ki-moon’ report, and for Humanitarian Services (RAF) scores how the State values the heard. He urged cooperation the human potential, especially paredness and response as well the overall recommendations for and United Muslim Relief.