Home | 5 Business | 17 Sport | 24 Jury panel Qatar Airways Lorenzo named for displays finest of sees off Rossi Al Jazeera its fleet in Dubai for MotoGP Film Festival. Airshow. world title. MONDAY 9 NOVEMBER 2015 • 26 Muharram 1437 • Volume 20 Number 6609 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Emir chairs Supreme Council for Economic Affairs meeting Minister hints DOHA: Emir H H Sheikh Tamim bin Hamad Al Thani, Chairman of the Supreme Council for Eco- nomic Affairs and Investment, yesterday chaired the Council’s at moderate fifth meeting of 2015 at the Emiri Diwan. Deputy Emir H H Sheikh Abdullah bin Hamad Al Thani, Vice-President of the Council, deficit budget attended the meeting along with Prime Minister and Interior Minister H E Sheikh Oil price fall will be taken seriously Abdullah bin Nasser bin Kha- lifa Al Thani, executive member By Satish Kanady in non-oil sectors to diversify the of the Council, and members of economy”, Emir said. the council. DOHA: Qatar’s proposed budget Earlier, addressing the Joint Council’s Secretary-General for the new fiscal year will reflect meeting of the GCC Committee and Minister of Finance H E Ali the fall in global energy prices. The on Financial and Economic Coop- Sherif Al Emadi said the Coun- budget will be realistic with a mod- eration, Al Emadi said that the cil reviewed the follow-up terms erate deficit, Minister of Finance GCC nations need to set specific of its previous resolutions and H E Ali Sherif Al Emadi stated targets for realising the results procedures, the developments of yesterday. Addressing the media of their respective financial poli- energy affairs and investment here, along with International cies. He also wanted the region Emir H H Sheikh Tamim bin Hamad Al Thani chairing the Supreme Council for Economic Affairs and Investment affairs. Monetary Fund (IMF) Chief to further accelerate the ongoing meeting at the Emiri Diwan yesterday. QNA Christine Lagarde after a meet- diversification programmes of ing with the finance ministers and economies and increase the effi- central bank governors of GCC, ciency of governments’ capital the minister said the budget pro- spending. Fiscal policies must be posals will consider the realities designed in such a way that the Arab League warns in the global energy market. private sector is getting a boost. “We have been doing very well This meeting comes at a time 1,150 firms get licences in Oct of Israeli violations in terms of expenditure and reve- when the GCC economies really nue for the past fifteen years. The need a collective action to increase CAIRO: The Arab League Coun- country will have a very realistic the cooperation with international DOHA: More than a third of new issued by the ministry were for business activities. At least 236 cil warned yesterday that contin- approach in budget allocations for economic and financial institutions. businesses and branch operations construction companies. commercial registrations were uing Israeli violations could lead the coming fiscal….In fact, Qatar The partnership and engagement of existing businesses licensed in The registrations included cancelled in October and a major- to an end of any political settle- started fiscal adjustments well in with IMF is key. The fund has the country in October were for for both, new businesses and for ity 76 percent of them (179) were ment for the Palestinian problem advance”, he said. presented a series of suggestions contracting and construction branch operations of existing branch operations of existing based on the two-state solution. Last week, addressing the to tackle the challenges faced by activities. businesses. businesses. Assistant Secretary-General Advisory Council’s 44th ordi- the GCC countries in terms of fall- Details released by the Min- Restaurants, fast food joints Limited liability companies for Palestine and Occupied Arab nary session, Emir H H Sheikh ing global energy prices and tax istry of Economy and Com- and vegetable and fruit outlets (LLCs) continue to be the most Territories Dr Said Abu Ali said Tamim bin Hamad Al Thani said reforms. merce for the month show accounted for five percent of popular form of businesses to be during a meeting with the United the new budget will take the fall The Minister noted the GCC that quarter of new business new businesses registered in set up in Qatar as some 45 per- Nations Relief and Works Agency in oil prices into consideration, countries have taken a range of licences issued were for con- the month. They also included cent of new businesses licensed for Palestine Refugees in the Near so as to avoid a big budget deficit actions proactive during the last tracting companies. branch operations of existing and 38 percent of branch opera- East (UNRWA) that the Palestin- that may cause harm that sur- period in order to promote the The ministry licensed a total businesses. tions registered were LLCs. ian people were rising up to protest passes the balance of payments to diversification of their respective of 1,150 businesses and some 910 Factories and cleaning com- Whereas most branch opera- Israel’s hostilities against them. He the overall economy.“This budget economies and the expansion of of them, or 79 percent, were new panies came in the next with a tions registered in the month (48 warned that the recent escalations will focus on efficiency in govern- private sector participation in businesses. share of four percent each in the percent) were of proprietorship threatens peace and security of the ment spending. It will also tend to various fields. A tenth of the commercial reg- total, while the remaining 52 per- companies. entire region. promote growth and expansion THE PENINSULA istrations (CR) done or licensed cent pertained to several other THE PENINSULA QNA MONDAY 9 NOVEMBER 2015 02 www.thepeninsulaqatar.com HOME Emir gets phone Emir meets IMF managing director call from Erdogan Ministry to open DOHA: Emir H H Sheikh Tamim bin Hamad Al Thani yes- terday received a telephone call from Turkish President Recep Tayyip Erdogan. Talks dealt gallery in Istanbul with bilateral relations, means of promoting them and regional and international developments. 10 *10 to display works of Qatari, Turkish artists Emir gets call from DOHA: The Visual Arts Minister of Culture, exhibition brochure. Kosovo president Department of the Min- Arts and Heritage H E Dr Artists from Qatar istry of Culture, Arts and Hamad bin Abdulaziz Al include Ahmed Al Hamar, DOHA: Emir H H Sheikh Tamim Heritage is organising Kuwari said that despite Ahmed Nooh, Jameela Al bin Hamad Al Thani yesterday Gallery (10*10) with par- each country’s keenness Ansari, Jawaher Al Man- held a telephone conversation ticipation of 10 Qatari and to save its cultural and nai, Hassan Al Mulla, with Kosovo President Atifete as many Turkish artists civilisational identity, the Dana Safar, Ali Al Mulla, Jahjaga. Talks dealt with bilat- at Istanbul Archaeological meaning of communication Mohammed Al Atiq and eral relations, means of enhanc- Museums on Wednesday between peoples requires Hanadi Al Darwish. ing them and issues of mutual as part of celebrations of exchange of human cul- Artists from Turkey concern. Qatar Turkey 2015 Year of tures and all forms of fine are Asim Yucesoa, Hek- Culture. arts. mat Astanakaya, Saban Emir gets message The exhibition, which The exhibition takes Tuncer, Kameel Aslanger, runs until December 11, will place for exchange of expe- Sauna Giorschew Konishlo, from Togo president feature works of the artists. riences between Qatari and Haluk Hatpoglo, Celine Emir H H Sheikh Tamim bin Hamad Al Thani met International Monetary Fund (IMF) Managing It aims to create a state Turkish artists, who seek Singer Gul, Fateeh Kahya, DOHA: Emir H H Sheikh Tamim Director Christine Lagarde at the Emiri Diwan yesterday. Talks dealt with cooperation of an artistic dialogue and to confirm their artistic Nuray Karrapo Lott and bin Hamad Al Thani has received between Qatar and IMF and issues of mutual interest. Lagarde was in Doha for a joint harmony among the works visions, Al Kuwari added, Ahmed Sula. a message from Togo President meeting of the GCC Financial and Economic Cooperation Committee and GCC central on display. in remarks included in the QNA Faure Gnassingbe on bilateral banks and monetary institutions governors meetings. relations and means of enhanc- ing them. It was handed over to Foreign Minister H E Dr Khalid bin Mohamed Al Attiyah when he met Togo Minister of State for Presidential Affairs Solitoki Qatar-Nato relations discussed Magnim. DOHA: A variety of topics GCC quality forum related to Qatar were discussed at a special session at Georget- on Tuesday own University in Qatar (GU-Q) in Education City, attended by a DOHA: The Eighth GCC Qual- delegation from Nato Parliamen- ity Conference opens tomorrow at tary Assembly Science and Tech- Sheraton Doha Resort and Con- nology Committee. vention Hotel. Top industry exec- A panel of GU-Q scholars and utives will address the conference experts led by Dean Dr Gerd that will discuss human resources, Nonneman took part. The annual meeting of representatives of Chemical Industry and National its training, development and The delegation comprised eight Authorities of States Parties to the Chemical Weapons Convention in quality of performance. Qatar members of parliament from Ger- progress at Inter-Continental Doha yesterday. BAHER AMIN Fertilizer Company CEO Khalifa many, Norway, Italy, Romania and Al Sowaidi and Gulf Develop- Estonia, and was led by Chairman Nato delegation with GU-Q officials attend the meeting. ment Centre CEO Mohammed Al of the Sub-Committee on Energy Kuwari will address the forum, and Environmental Security, Jan cation in Qatar’s future develop- GU-Q’s high-tech purpose-built organisers said.