Rising Private Consumption to Aid Qatar's Growth
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FRIDAY JULY 5, 2019 DHU AL-QADAH 2, 1440 VOL.12 NO. 4678 QR 2 DUSTY & WINDY Fajr: 3:19 am Dhuhr: 11:38 am HIGH : 44°C Asr: 3:02 pm Maghrib: 6:29 pm LOW : 32°C Isha: 7:59 pm MAIN BRANCH LULU HYPER SANAYYA ALKHOR Business 8 Sports 11 Doha D-Ring Road Street-17 M & J Building MATAR QADEEM MANSOURA ABU HAMOUR BIN OMRAN Oil drops on US inventory Pak need World Cup miracle, Near Ahli Bank Al Meera Petrol Station Al Meera data, demand concerns admits skipper Sarfaraz alzamanexchange www.alzamanexchange.com 44441448 Rising private PRIME MINISTER MEETS US CHARGE D’AFFAIRES consumption Amir greets Trump on to aid Qatar’s US I-Day QNA DOHA growth: Fitch THE Amir HH Sheikh Tamim bin Hamad al Thani on Real GDP growth is expected to touch 2.5% in 2019 Thursday sent a cable of congratulations to US Pres- SATYENDRA PATHAK “We also expect investment to ident Donald Trump, on the DOHA continue to rise, albeit at a slower pace anniversary of his country’s than in 2018. We expect investment Independence Day. QATAR’S real GDP growth is expected levels to remain high in Qatar over the Prime Minister and Minister of Interior HE Sheikh Abdullah bin Nasser bin Khalifa al Thani met with Charge d’Affaires to go up from an estimated 2.3 percent quarters ahead, driven by large-scale of the US to the state William Grant. The meeting reviewed bilateral cooperation and the means to enhance them. They in 2018 to 2.5 percent in 2019, as ex- infrastructure projects linked to the also discussed a number of issues of joint interest. (QNA) pansionary fiscal policy encourages an 2022 FIFA World Cup and the govern- increase in private consumption in the ment’s Vision 2030 economic diversi- country, Fitch Solutions has said in its fication programme,” it said. Libyan guards latest report. “That said, the Qatari government According to the is planning to gradu- QFC censures shot at migrants report, rising govern- ally pare back capital ment spending and expenditure over the US thanks Qatar, Germany fleeing air subdued inflation in next several years as GWMQ Qatar will facilitate numerous large-scale raids, says UN an increase in private projects near com- for agreeing to host chairman HE United Nations said consumption. pletion. As a result, Ton Thursday it had In its 2019 budg- we expect headline intra-Afghan dialogue he Qatar Financial information that Libyan et, the report said, investment growth TCentre (QFC) Regula- guards shot at refugees Qatar’s government to slow substantially tory Authority has issued and migrants trying to flee announced its inten- from 2019 onwards,” TRIBUNE NEWS NETWORK a public censure against from air strikes that killed tion to substantially the report said. DOHA Vincent Jones, Chairman at least 53 people, includ- increase the number As hydrocarbons and independent director ing six children, in a migrant of public sector jobs, Rising still account for a ma- THE US has thanked Qatar and Ger- of Guardian Wealth Man- detention centre. A report particularly within the employment jority share of Qatari many for agreeing to host the Intra- agement Qatar (GWMQ), from the UN Office for Co- health, education, de- and subdued exports, the report Afghan Dialogue Conference on July the authority announced ordination of Humanitarian fence and security seg- said, it expects overall 7 and 8. in a statement on Thurs- Affairs (OCHA) said there ments. price pressures will create export growth to re- “I want to thank #Germany & #Qatar day. were two air strikes late Furthermore, conditions that are main far below histor- for agreeing to host the upcoming July GWMQ, which is now on Tuesday, one hitting an the government has conducive to household ical standards at least 7-8 intra-Afghan Dialogue Conference. in liquidation, was an in- unoccupied garage and one now postponed the spending growth, which in the near term, until This dialogue is an essential element The talks will be held in Doha on July 7-8. surance intermediary firm hitting a hangar containing planned implementa- we forecast at 4.6 percent fresh investment into of the four-part peace framework & an that sold mainly long-term around 120 refugees and tion of a GCC-wide 5 in 2019, compared with gas field expansion important step in advancing the #Af- agreement between the Afghan parties savings plans in Qatar. migrants. “There are re- percent value-added an estimated 3.6 percent begins to bear fruit. ghanPeaceProcess,” US Special Repre- is one of the most important elements The regulatory au- ports that following the first tax, which means that in 2018.” “In contrast, im- sentative for Afghanistan Reconciliation of any process leading to this objective. thority said it censured impact, some refugees and inflation will likely re- port levels are likely to Zalmay Khalilzad said in a tweet. Only Afghans are capable of determin- Jones under Article 58 migrants were fired upon main subdued over the — Fitch Solutions remain high as ongo- “Reciprocal acceptance, seeking ing the future of their country. The of the Financial Services by guards as they tried to quarters ahead. ing infrastructure pro- consensus, and agreeing to resolve po- intra-Afghan dialogue can help clarify Regulations as his con- escape,” the OCHA report “Rising employ- jects will continue to litical differences without the use of the options and opportunities that this duct fell below the Prin- said. Bodies were still being ment and subdued price pressures will fuel demand for capital inputs, while force, are urgent needs to learn from the direct consensus entails.” ciples of Conduct for an recovered from the rubble, create conditions that are conducive to improving conditions for households tragedy of the last 40 years,” he added. The statement underlined that Qa- Approved Individual per- the report said, suggesting household spending growth, which we raise demand for consumer goods. A joint German-Qatari press release tar and Germany have sent invitations forming the Non-Exec- the death toll could rise. forecast at 4.6 percent in 2019, com- This will drag on net exports and pre- issued on Tuesday said, “Afghanistan is to the Afghan parties that would par- utive Governance Func- (REUTERS) PAGE 5 pared with an estimated 3.6 percent in vent a more robust recovery in head- at an important crossroads to seize the ticipate in their personal capacity only tion. PAGE 8 2018,” the Fitch report said. line growth,” it said. opportunity to achieve peace, so direct and on an equal footing. 80 feared Tehran fumes as Britain dead after boat sinks off seizes Iranian oil tanker Tunisia coast REUTERS LONDON/DUBAI T least 80 migrants are Afeared dead after their BRITISH Royal Marines boat sank off the Tuni- seized a giant Iranian oil sian coast, International tanker in Gibraltar on Organization for Migration Thursday for trying to take (IOM) spokesman Flavio Di oil to Syria in violation of EU Giacomo wrote on Twitter sanctions, a dramatic step on Thursday. “A shipwreck that drew Tehran’s fury and occurred off the Tunisian could escalate its confronta- coast, four survivors have tion with the West. been rescued and brought The Grace 1 tanker was to tunisia. They said that Signal-controlled junction between Al impounded in the British A British Royal Navy ship (back) patrols near supertanker Grace 1 their dinghy was carry- territory on the southern tip suspected of carrying crude oil to Syria in violation of EU sanctions ing 86 people. About 80 Maadeed Street and Haloul Street opens of Spain after sailing around after it was detained off the coast of Gibraltar on Thursday. (AFP) migrants are feared dead,” Africa, the long route from he tweeted. The number The Public Works Authority (Ashghal) on Thursday opened a signal-controlled junction the Middle East to the mouth its ship. Shipping data reviewed of missing migrants was between Al Maadeed Street and Haloul Street in Al Maamoura area, as part of the Sabah Al of the Mediterranean. The diplomatic gesture by Reuters suggests the tank- probably 82, the IOM of- Ahmad Corridor Project. The upgraded junction allows drivers coming from Haloul to turn left Iran’s Foreign Ministry lifted any doubt over Iran’s er was carrying Iranian oil ficial added. The incident to Al Ghemar Street, and drivers from Doha to turn left to Al Maadeed Street. It also allows summoned the British am- ownership of the vessel, loaded off the coast of Iran, took place on Wednesday drivers coming from Al Maadeed Street to continue straight or turn left to Haloul Street. It’s bassador to voice “its very which flies a Panama flag although its documents say off Tunisia’s southern town strong objection to the illegal and is listed as managed by a the oil is from neighbouring of Zarzis, said Mongi Slim. possible to turn right from all four sides of the junction now. (TNN) and unacceptable seizure” of company in Singapore. Iraq. PAGE 5 (DPA) PAGE 5 02 Friday, July 5, 2019 Contact US: Qatar Tribune I EDITORIAL I Phone: 40002222 I ADMINISTRATION & MARKETING I Phone: 40002155, 40002122, Fax: 40002235 P.O. Box: 23493, Doha. Quick read Amir, US senators discuss relations QNA the US in different fields. Deputy Amir greets US president DOHA The senators thanked HH the Amir for the role of Al THE Deputy Amir HH Sheikh Abdullah bin Hamad al Thani on THE Amir His Highness Udeid airbase and for hosting Thursday sent a cable of congratulations to the President of Sheikh Tamim bin Hamad al more US forces.