Festival City appoints Robert W Hall www.facebook.com/QatarTribune as new GM www.youtube.com/QatarTribuneChannel PAGE 14 www.twitter.com/Qatar_Tribune

THURSDAY, DECEMBER 20, 2018

DOW23,636.00 QE 10,496.40 SENSEX 36,484.33 GOLD 1,249.50 US, China spar over trade crisis at -39.64 PTS +7.36 PTS +137.25 PTS -0.33% World Trade Organisation PAGE 16 PRICE PERCENTAGE PRICE PERCENTAGE 14.73 BRENT 57.28 +1.81% WTI 47.96 +3.72% SILVER +0.20% QAMCO gets nod for inclusion QPC extends maintenance into FTSE EM Index, jumps 10% contract with The company accounted for more than 65 percent of total QSE trade volume on Wednesday Siemens for SATYENDRA PATHAK DOHA QR400 million FTSE Russell on Wednesday announced that it has ap- proved fast entry of QNA Aluminium Manufacturing DOHA Company (Qamco) as a new constituent in FTSE All- QATAR Power Company World Index, FTSE Global (QPC) has signed QR400 mil- Mid Cap Index and FTSE lion deal to extend its long- Emerging Index. term maintenance contract “Following the listing of with Siemens German com- Qamco on December 16, the pany, for another 15 years, scrip has been fast-tracked the companies announced in for its inclusion in the FTSE a statement on Wednesday. Global Equity Index Series in The contract was signed accordance with FTSE Global by Qatar Power Executive Equity Series,” FTSE Russell Managing Director Fawaz Ab- said in a release posted by dulaziz al Baker and CEO of Qatar Stock Exchange (QSE) Siemens Qatar Adrian Wood. on its website. The signing ceremony Fahad bin Hamad al Mohannadi The change will be effective was attended by Managing from December 24 when the Director and Member of the “This confirms the robust- QSE will open for next week’s Board at Qatar Electricity ness of the Qatari market and trading on Sunday, it said. and Water Company (QEWC) the desire of foreign compa- Buoyed by inclusion in Fahad bin Hamad al Mohan- nies to continue operating in FTSE EM index, the share nadi, who is also Chairman it, stressing that the main- price of Qamco jumped its of Qatar Power Company, in tenance work in the stations day limit of 10 percent to addition to members of the operating in the country is QR13.64 at on Wednesday. board and Senior Executive not affected, especially under Attracting huge trade vol- The Qatar Stock Exchange building in Doha. Vice President of Siemens the current circumstances,” ume for the third session in Power Generation Services Fahad said. row, Qamco accounted for around $132 million, includ- as it has been observed in the million in 2016 and $63.5 in the Middle East and North more than 65 percent of to- ing $89 million in its first past,” QNBFS said. million in 2017) coupled Africa, Gianluigi Di Giovanni. tal trade volume on QSE on day. Strong financials backed with strong EBITDA margins Fahad said Umm Al Houl Strong ties Wednesday. As expected, QNBFS said, Strong financials backed by by low leverage and high which are nearly double of power station currently op- According to QNB Fi- the stock has reacted posi- low leverage and high EBITDA margins will also that of its international peers, erates at its full capacity and O Siemens operates 40 nancial Services (QNBFS), tively to the FTSE confirma- EBITDA margins will also help Qamco in attracting for- will result in strong cash will open in February 2019. percent of the power plants Qamco is expected to attract tion with active investors and help Qamco in attracting eign funds, it said. generation for Qatalum and He said QEWC is under- supervised by QEWC around $25 million in passive traders positioning them- foreign funds, QNBFS said “As of 2018 first half, hence Qamco,” it said. going two activities within foreign flows related to the selves ahead of the expected Qatalum’s total net debt was Meanwhile, the QSE the solar energy sector, the O Siemens has a strong FTSE inclusion. inflows. $1.37 billion, accounting for gained 7.36 points before first will kick off at the begin- and successful track record Since its listing on De- “However, we do note months for the passive track- 54 percent of the company’s closing trading at 10,496 ning of 2019, and by the end and has been in contact cember 16, Qamco has traded that it may take a couple of ers to adjust their positions, share capital. Low capex ($85 points on on Wednesday. of 2020 the first solar energy with the Qatar for more station will operate with a ca- than 35 years pacity of 350 megawatts. “The second will include a second station of 250 mega- Fed raises watt capacity, resulting in a Siemens Qatar CEO Wood Woqod opens Markhiya fuel station total of 700 megawatts by said the contract signing re- interest rate mid-2021.” affirms the trust that the ad- TRIBUNE NEWS NETWORK Fahad said all projects vanced Siemens technologies to 2.25-2.5% DOHA at QEWC are always offered is able to support Qatar in its through tenders, and there are long term plans to provide REUTERS WOQOD (Qatar Fuel) has about 16 companies that have reliable electricity, economic WASHINGTON opened a new fuel station been qualified to enter pro- feasibility and sustainability in Hazm on jects related to solar energy. for homes and factories. THE US Federal Reserve raised Wednesday, raising its net- The companies will com- He added that through interest rates on Wednesday, work of petrol stations to 81. pete for a 25- year electric- working closely with partners as expected, but forecast Woqod CEO Saad Rashid ity purchase contract and such as the French company, fewer rate hikes next year and al Muhannadi, said, “Woqod long-term contracts will be ENGIE, Siemens is leading signaled its tightening cycle is aspires to expand its petrol sta- awarded to companies of- the digital transformation nearing an end in the face of tion network in the country to fering competitive prices, he in the energy sector in Qatar financial market volatility and meet the rising demand for pe- said. through the implementing slowing global growth. troleum products and achieve “The foreign investment projects that establish new The central bank said the the goal of providing custom- opportunities are good and standards in efficiency and US economy has been grow- ers with access to best-in-class Nebras Power is working well innovation. ing at a strong rate and the job products and services at their in this regard, and will repre- Qatar Power Executive market has continued to im- convenience and comfort. sent by the end of this year 17 Managing Director Fawaz prove. It noted that “some” fur- “Woqod has recently accel- percent of profits of QEWC,” Abdulaziz Al Baker said Sie- ther gradual rate hikes would erated the process for the con- he said. mens’ advanced technologies be needed, a subtle change that struction of new petrol stations Hazm Al Markhiya petrol station offers round-the-clock services to the residents. Siemens operates 40 per- will enhance station perfor- suggested it was preparing to to meet the fuel and energy cent of the power plants su- mance and thus saves future stop raising borrowing costs. needs of the country.” The new petrol station of- light vehicles. six stations in the bidding pervised by QEWC, Fahad maintenance costs. In a statement issued after Hazm Al Markhiya petrol fers round-the-clock services Muhannadi said Woqod is phase and 26 stations in the noted. Ambassador of Germany the end of its last policy meet- station is spread over an area to the residents, and include currently overseeing the im- design phase. He said Siemens has a to Qatar HE Hans-Udo Mu- ing of the year, the Fed said of 5,000 square metres and has Sidra convenience store, man- plementation of 16 new petrol “As part of its strategic ex- strong and successful track zel said the contract is a proof risks to the economy were three lanes with nine dispensers ual car wash, and LPG cylinder stations, most of these stations pansion plan, Woqod is target- record and has been in con- to the significance of the ser- “roughly balanced” but that it that will serve Hazm Al Markhi- sales, in addition to sale of gas- are expected to be operational ing to complete 130 fuel sta- tact with the Qatar for more vices provided by Siemens would “continue to monitor ya and its neighbourhood. oline and diesel products for in 2019, noting that there are tions by the end of 2020”. than 35 years. Qatar. global economic and financial developments and assess their implications for the economic outlook.” The rate hike, the fourth of 2018, lifted the target range for the Fed’s benchmark overnight QC hosts banking and investment committee meeting lending rate by a quarter of a percentage point to a range of 2.25 percent to 2.50 percent. to match the status of Qatar The decision to raise bor- The meeting is aimed at identifying regionally and globally. rowing costs again is likely to Haidar said the commit- anger US President Donald obstacles and challenges facing the tee will work to overcome Trump, who has repeatedly investment sector in Qatar obstacles facing the imple- attacked the central bank’s mentation of the policies and tightening this year as damag- QNA projects on industrial lands, in strategic plans set by the gov- ing to the economy. The Fed DOHA addition to the role of banks in ernment, in a balanced man- has been raising rates to reduce financing small, medium and ner that takes into account the the boost that monetary policy QATAR Chamber on Wednes- emerging enterprises. interests of all parties. gives to the economy, which day hosted the first meeting of Nasser Sulaiman Haider The meeting reviewed the is growing faster than what the banking and investment al Haidar, QC board member committee’s form and terms central bank policymakers view committee that aimed at iden- and chairman of the commit- of reference. as a sustainable rate. There tifying obstacles and chal- tee, hailed the role of the na- The committee’s members are worries, however, that the lenges facing the investment tional banks in Qatar. also agreed to prepare techni- economy could enter choppy sector. He said the newly formed cal notes to be submitted to waters next year as the fiscal The meeting also focused committee will link the pri- the relevant authorities and boost from the Trump admin- on the mechanisms to en- vate sector and the concerned invite the representatives of istration’s spending and $1.5 Nasser Sulaiman Haider al Haidar, QC board member and chairman of the committee, with other hance the contribution of government bodies to pro- the concerned parties to at- trillion tax cut package fades officials, in Doha on Wednesday. banks to finance commercial mote the growth of the sector tend its meetings. and the global economy slows. 14 Thursday, December 20, 2018 Economy & Business

Qatar attends SoftBank mobile AESC meet in unit in record Egypt’s capital IPO but market debut flops QNA CAIRO AFP TOKYO THE extraordinary session of the Arab Economic and Social JAPANESE technology giant Council (AESC) of senior offi- SoftBank celebrated the world’s cials from the Arab ministries second-biggest IPO for its mo- of finance and economy and bile unit Wednesday but the the general directors of joint newly traded shares endured a economic institutions began at torrid time in their debut ses- the headquarters of the General sion, plunging nearly 15 per- Secretariat of the Arab League cent. on Wednesday. A spokesman for the firm The session being is held in confirmed it had raised around preparation for the fourth ses- 2.65 trillion yen ($23.5 billion) sion of the Arab Economic and via the unit’s IPO, making it Social Development Summit Japan’s largest and the biggest scheduled to be held in Beirut globally since Alibaba went in January under the chairman- public in 2014. ship of Iraq, the current chair of But at the opening bell, the the Arab Economic and Social stock was already trading at Council. 1,463 yen, significantly under The draft agenda has 23 the initial offer price of 1,500 items, namely the report of yen per share, and headed low- the Arab League’s Secretary er from there. The firm finished General on the joint economic, at 1,282 yen, down 14.5 percent social and development work, from the IPO price with heavy and a report on the follow-up selling into the close. of the implementation of the Ken Miyauchi, CEO of the decisions of the third session of SoftBank Corp mobile division, Arab Economic and Social De- acknowledged it was “unfortu- velopment Summit in Riyadh nate that the share price ended in 2013, and a special annex on down”. the regular session of Arab De- “But this is only the begin- velopment Summit based on a ing. Many things will happen. decision from economic and so- We are off to a tough start of cial council. our journey... but I see this as a The draft agenda also in- new start for our business,” Mi- cludes an item on Arab food yauchi told reporters. security and has a number of topics, including Sudanese President Omar al Bashir’s initi- ative on Arab food security, the Arab emergency food security The contributions of all the members of the QFC Legal Department received recognition, including citations for Nasser al Taweel, Ishaq Burney, Roscoe Banks, Lauren Djedid and Daimler, BMW programme, integration and Moza al Naeimi. get not for merger trade exchange in agricultural and plant crops and livestock of car-sharing products in the Arab region. The draft agenda has items services units related to the developments of QFCA named in Legal 500 the greater Arab free trade area, AFP the completion of the require- FRANKFURT AM MAIN ments to establish the Arab cus- toms union, the Arab charter GERMAN carmakers Daimler for the development of SMEs, and BMW said Wednesday they the Arab strategy for sustain- ‘GC Powerlist Middle East 2018’ had won final approval to merge able energy 2030. their car-sharing services Car- The agenda also includes 2Go and DriveNow, paving the the launch of a process to estab- way for the creation of a Euro- lish the Arab common market The accolade recognises contributions of the QFC in delivering substantial and innovative legal mandates pean giant to challenge the likes for electricity, the strategic vi- of Uber. sion for enhancing and activat- TRIBUNE NEWS NETWORK The list further certifies The contributions of all incredibly proud of this pres- In a joint statement, the ing joint Arab action between DOHA the QFCA Legal Department’s The ‘GC Power List Middle the members of the QFC Legal tigious accolade as it show- companies said they had re- the sectors of tourism and cul- position as a leading, multi- East 2018’ is the latest Department received recogni- cases the technical excellence ceived the green light from US ture in the Arab countries, and THE Legal Department of award winning, influential in- publication from ‘The Legal tion, including citations for of the legal team and Qatar regulators, removing the last ob- the management of solid waste the Qatar Financial Centre house team in the region. 500’, which recognises an Nasser al Taweel, Ishaq Bur- Financial Centre’s ongoing stacle to the deal after EU anti- in the Arab world. Authority (QFCA), has been The accolade recognises array of the most influential ney, Roscoe Banks, Lauren commitment to leading the trust authorities already gave the The meeting will also dis- named in the Legal 500 ‘GC the contributions of the QFC Djedid and Moza al Naeimi. implementation of global best nod in November. cuss issues related to the sup- Powerlist Middle East 2018’, Legal Department in success- in-house counsel who are Chief Legal Officer at QFC practices.” “Now that the approval of port of the Palestinian econo- a press statement said on fully delivering substantial driving the legal industry in Authority, Nasser al Taweel, Earlier this year, Taweel, the competition authorities has my, including the strategic plan Wednesday. and innovative legal mandates the region forward said, “We are very honoured was named as the General been received, the goal is to close for sectoral development in The ‘GC Power List Mid- of strategic importance to Qa- to be nominated as a team Counsel of the Year at the this transaction by January 31, Al Quds (2018-2022) and the dle East 2018’ is the latest tar such as its involvement in in ‘2018 The Legal 500 GC Qatar Business Law Forum & 2019,” Daimler and BMW said. achievements of Al Quds and publication from ‘The Legal national level legislative and global best-practices in com- Power List Middle East’. This Awards 2018. The deal, first announced Al Aqsa funds, in addition to an 500’, which recognises an ar- strategic initiatives, achiev- pliance, and delivering inno- is further recognition of the This award recognised ex- in March, will see the birth of item on financing for develop- ray of the most influential in- ing international recognitions vative technology solutions in innovation and excellence cellence on the basis of legal a joint venture owned in equal ment, a proposal submitted by house counsel who are driv- for the QFC such as the Inter- contract automation, result- demonstrated by everyone in expertise, client satisfaction, parts by the two longtime rivals. the General Secretariat of the ing the legal industry in the national Swaps and Deriva- ing in increased efficiencies the QFCA’s Legal Department innovation, strategic vision Car2Go and DriveNow allow Arab League. region forward. tives Association, adoption of for the business. on a daily basis. “We are also and leadership. users to rent Daimler’s Smart cars and BMW Minis as well as the groups’ flagship Mercedes- Benz and BMW vehicles by the minute, picking them up and Doha Festival City parking wherever is convenient QFBA takes part in 7th edition of rather than at a rental location. Combined, they boast some appoints Robert 20,000 cars in 30 cities around Euromoney Qatar Conference the world used by more than W Hall as new GM four million customers. TRIBUNE NEWS NETWORK DOHA agement. With extensive ex- Germany shields posure to brand management, THE Qatar Finance and and an exceptional record in Business Academy (QFBA) strategic firms the development, progres- participated in the 2018 Eu- sion and empowerment of romoney Qatar Conference. against takeovers his teams, his leadership has The 7th edition of the proven invaluable to the suc- conference was held in the AFP cess of key properties. second week of December. BERLIN Hall has led all operations This year’s edition wel- and trading aspects of the re- comed several government GERMANY toughened rules tail business, driving integra- officials, senior economists Wednesday for non-EU share tion across prominent prop- and bankers from across the purchases or acquisitions of erties in the region including, region as well as internation- companies that are part of its The Avenues in Kuwait, and al delegations. critical infrastructure, amid thecentre:mk, Westfield Lon- The keynote speakers in- growing disquiet about takeo- Robert W Hall. don and West Quay Southamp- cluded Minister of Finance vers by Chinese firms. ton in the UK. HE Ali Shareef al Emadi and The new rules allow the TRIBUNE NEWS NETWORK He has been instrumental Sheikh Abdulla bin Saoud government greater review DOHA in ensuring destination perfor- al Thani, Governor of Qatar powers in the defence, high- mance, and was responsible for Central Bank. tech and infrastructure sectors, DOHA’S largest and preferred marketing, footfall generation, The event focussed on including utilities and telecoms leisure and retail destination, retailer management and gross Qatar’s post-blockade strat- providers, for media compa- Doha Festival City has an- revenue in various positions re- egy and its development as a nies. nounced Robert W Hall as its lated to retail. Chancellor Angela Merkel’s new General Manager. “I am delighted to be work- The event also served as a cabinet decided to lower the With more than 30 years ing together with the Doha threshold where reviews ap- of experience, Hall comes with Festival City mall management launch pad for QFBA to ply to foreign purchase offers a rich and extensive history in team to continue raising the announce its 2019 portfolio. The 7th edition of the conference focussed on Qatar’s post-blockade strategy and its development as a of 10 percent of such strategic retail and mall management bar in one-of-a-kind offerings,” QFBA has enriched its portfo- sustainable economy. companies, down from 25 per- across the Middle East and UK. Hall said. lio by including 14 accredited cent now. Germany and other “I am extremely pleased to “I welcome the chance to certifications being offered ent international awarding strates our commitment to tion of hydrocarbon demand, EU states have voiced growing be given the opportunity to be build on an already successful bodies. Besides, QFBA has develop a self-sufficient, and the importance of hav- concern as Chinese companies part of Doha’s leading retail experience in 2019 bringing from nine different interna- also introduced Fintech and robust economy, which is ing a strong and innovative have bought up, or purchased and entertainment destina- even more unique experiences tional awarding bodies Blockchain in its customised aligned with the Qatar Na- financial system.” controlling stakes in, high-tech tion,” says Hall. for our valuable customers,” B2B options based on up- tional Vision 2030. QFBA “QFBA’s customised pro- firms, airports and harbours. “Doha Festival City has es- concludes Hall. sustainable economy. dated 5 Ds (diagnose, design, will continue to support ini- grammes partner with lead- The update strengthened tablished an exceptional stand- Doha Festival City is cur- The event also served as deliver, evaluate, debrief) tiatives which promote the ing international institutions government powers to review ard of services and offering and rently home to more than 400 a launch pad for QFBA to an- customisation approach. development of Qatar’s econ- to create a five-phase pro- and possibly block foreign pur- it does bring an exciting array carefully selected international nounce its 2019 portfolio and QFBA plans to increase over- omy. gramme process, which help chases and aim to “strengthen of activities to the city, I wel- and local brands, including the create an awareness among all programme portfolio with “Such conferences are professionals address organi- our national security,” said come the chance to build on an country’s only IKEA and the participants and delegates a sharp focus on banking, fi- precisely what we need in sational challenges and sup- Economy Minister Peter Alt- already successful experience.” largest Monoprix in the world. alike. nance, and customer service. Qatar to reinforce productive port them to achieve their maier. Hall comes with two years The mall hosts some of the QFBA has enriched its Dr Khalid al Horr, CEO, dialogue especially one that business objectives through He assured foreign inves- experience at regional mall most admired names, many of portfolio by including 14 ac- QFBA, said, “Our participa- focuses on the future and the their employees. In 2019, tors that “companies like to in- management level, following which have made their debut in credited certifications being tion in the 2018 Euromoney challenges of the national QFBA will be offering 14 dif- vest in Germany, and we would 14 years of retail store man- Qatar at Doha Festival City. offered from nine differ- Qatar conference demon- economy, the future direc- ferent certifications. like to keep it that way”. www.guide.com.qa  Thursday December 20, 2018

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Floor, Office No. 3, Doha, Qatar 16 Thursday, December 20, 2018 Economy & Business GSK and Pfizer to merge consumer US, China spar over healthcare units AFP was up 0.4 percent overall in trade crisis at WTO LONDON early deals. “This announce- ment seems to be the next PHARMACEUTICAL giants brick in the wall of CEO Emma GlaxoSmithKline and Pfizer on Walmsley’s plan to cement US says China subverting open trade regime; Trump administration is root of the crisis, China responds Wednesday announced a merg- Glaxo’s position in this particu- er of their consumer healthcare lar (OTC) space, having already REUTERS units that produce over-the- bought out Novartis stake in a GENEVA counter medicines. similar venture earlier this year, GSK said it would have a while also offloading its Hor- THE United States and 68-percent controlling equity licks (drink) business,” noted China clashed anew at the interest in the GSK Consumer Michael Hewson, chief market World Trade Organization on Healthcare joint venture that analyst at CMC Markets UK. Wednesday, accusing each oth- will have combined sales of “The pharmaceutical sector er of undermining the multilat- about £9.8 billion ($12.7 billion, is likely to face enormous chal- eral trading system, according 10.9 billion euros). lenges in the years ahead with to texts of speeches at closed- respect to margin compression door talks seen by Reuters. and the prospect of increased US Ambassador Dennis competition... particularly since Shea also rejected a comment companies like Amazon have made by the European Union helped push prices lower,” he (EU) on Monday that Wash- added in a client note. ington was at the “epicenter” of - ‘Global leader’ -GSK said the crisis. annual cost savings should reach £500 million by 2022 and predicted that the joint venture Accusations would be the global leader in OTC products with a market O US Ambassador Dennis share of 7.3 percent. Shea accuses China of “Within three years of the seeking to force technology closing of the transaction, GSK transfer intends to separate the joint The tie-up of over-the- venture via a demerger of its O China said it refuses to counter (OTC) brands includ- equity interest and a listing of be the scapegoat and ing GSK’s Sensodyne toothpaste GSK Consumer Healthcare on excuse for unilateralism with Pfizer’s Centrum multivita- the UK equity market,” a state- and protectionism mins paves the way for British ment said. group GSK to have two UK-list- “Over this period, GSK will ed companies, one specialised substantially complete the in- in the development of drugs and tegration and expects to make “The crisis is caused by the the other in consumer health- continued progress in strength- fundamental incompatibil- care. ening its Pharmaceuticals busi- ity of China’s trade-distorting, US-based Pfizer’s erectile- ness and R&D pipeline.” non-market economic regime dysfunction drug Viagra does Earlier this month, GSK with an open, transparent and not form part of the tie-up, a struck deals to buy US cancer- predictable international trad- (File photo) US Ambassador to the WTO Dennis Shea (right) with Chinese Ambassador Xiangchen Zhang in Geneva, Switzerland. (REUTERS) GSK spokesman told AFP. treatment specialist Tesaro for ing system,” Shea said. “It is The merger meanwhile $5.1 billion and sell the night- compounded by (WTO) mem- multiple industries, forcing less actions” by the Trump the two powers could “move in $200 billion worth of Chinese comes as the pharmaceutical time hot drink brand Horlicks bers’ collective failure over producers in other economies administration were the root of the same direction with mu- imports at 10 percent at the be- industry’s biggest players seek to Unilever for 3.3 billion euros. many years to address this to shut down. China will dump the crisis. tual respect to contribute to ginning of the new year, agree- out new blockbuster treatments In a separate statement, US problem.” its products on our markets, “China absolutely refuses the stability of world economic ing to not raise them to 25 per- following expiry of patents giant Pfizer said the joint ven- Shea accused China of claiming that all is okay be- to be the scapegoat and excuse and trade environment”. cent “at this time”, the White for some of their major drugs ture “will be a category leader in seeking to force technology cause our consumers pay a bit for unilateralism and protec- China and the United House said in a statement. that has enabled rivals to offer pain relief, respiratory, vitamin transfer and “outright steal it less,” he said. tionism,” he said. States agreed to a ceasefire in But US Trade Representa- cheaper alternatives. and mineral supplements, di- when it sees fit” to become the “This is not acceptable”. But Hu said China hoped their trade war on Dec. 1 after tive Robert Lighthizer said GSK’s share price surged 7.4 gestive health, skin health and top producer, particularly in Hu Yingzhi, deputy direc- that in the follow-up to the their leaders’ high-stakes talks a week later that unless US- percent to £15.54 on news of the therapeutic oral health and will strategic industries. tor general of the department summit between President Xi in Argentina, including no es- China trade talks wrap up deal, topping London’s bench- be the largest global consumer “China will subsidize and of WTO affairs at China’s min- Jinping and US President Don- calation of tariffs on Jan. 1. successfully by March 1, new mark FTSE 100 index, which healthcare business”. maintain excess capacity in istry of commerce, said “reck- ald Trump earlier this month, Trump will leave tariffs on tariffs would be imposed. Abdullah Abdulghani & Bros Co organises Hybrid experience programme for limousine companies

Seven Limousine firms given mementos as a token of appreciation for reposing trust in Camry Hybrid model

TRIBUNE NEWS NETWORK note address, thanking them In Qatar, Abdullah Abdul- Royal Trust Limousine, Super hybrid electric vehicles in the DOHA for their loyalty towards Toy- ghani & Bros Co are selling Limousine, Markhiya Limou- world. ota brand and making Toyota two hybrid electric vehicles sine, Ajmal Limousine. Toyota’s hybrid system ABDULLAH Abdulghani & no 1 brand in Qatar. viz Toyota Prius and Toyota Four major Limousine cli- combines the benefits of a pet- Bros Co (AAB), the sole agent K S Ravikumar, Manager Camry. ents gave testimonials wherein rol engine and an electric mo- for Toyota vehicles in Qatar – Fleet Sales, explained the After the introduction of they shared their positive expe- tor to deliver a seamless driv- organised a ‘Hybrid Experi- mission of Corporate Sales De- Camry HEV in May this year, rience of Toyota Camry Hybrid ing experience. ence Programme’ for Limou- partment and said, “Our mis- more than 100 vehicles have Fleet in terms of 50 percent The hybrid drivetrain can sine companies in Qatar. sion is to treat every corporate been sold by the AAB. fuel cost savings and powerful operate using only the electric The event was held re- fleet customer as an ‘appreci- drive feel. This event was fol- motor, petrol engine or a com- cently at Marriott hotel and ating asset’. In line with this lowed by Camry hybrid test bination of the two. The vehi- was attended by more than mission, we had conducted The objective of the pro- drives, which facilitated many cles’ hybrid battery recharges 150 limousine clients. Toyota Hybrid Experience gramme was to familiarise clients to have a firsthand ex- itself as you drive and does not The objective of the pro- Programme to cater to the ma- the hybrid electric vehicle perience. need to be plugged in. gramme was to familiarise jor Limousine and taxi compa- AAB has a dedicated Cor- The AAB is committed to the hybrid electric vehicle nies in Qatar.” technology to the limousine porate Sales Department to provide the best after-sales technology to the limousine Ravikumar also presented companies as well as its take care of the corporate/ support to its ever expanding companies as well as its key the Toyota Hybrid Educational key advantages of owning a bulk sales. The department is customer base and operates advantages of owning a hybrid Module and the key benefits hybrid electric vehicle committed to provide highly eight Quick Service Centres electric vehicle. of the new generation Toyota efficient Toyota vehicles and across the country which is An educational presenta- Camry Hybrid. Besides, a services to their fleet custom- the widest network of after- tion was conducted, which question and answer session During the function, seven ers by offering the best pur- sales facilities in addition to highlighted the tremendous was conducted by the fleet major Limousine companies chase and ownership experi- the state-of-the-art workshop saving for hybrid cars on fuel sales team members on the were given mementos as a to- ence. located at the . cost through a period of three education module to clarify ken of appreciation for repos- Toyota is the pioneer of hy- The showrooms are open to five years. all related queries and the cus- ing their trust in Toyota Camry brid technology and has sold seven days a week so that cus- RK Murugan, ACEO of tomers were given prizes for Hybrid model. They are Al more than 12 million hybrid tomers have the option of vis- AAB, welcomed Limousine the right answers on the Hy- Ijarah Limousine, Thousands electric vehicles worldwide iting the showrooms at their delegates and delivered the key brid model. Limousine, Colors Limousine, and it has the largest line-up of convenience.