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Real Estate Trading Value Exceeds QR3.8 Bn in June

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Real Estate Trading Value Exceeds QR3.8 Bn in June Toyota’s Prius changed everything 20 years ago PAGE 11 MONDAY, JULY 6, 2020 25,827.36 9,187.17 36,021.42 1,772.05 +92.39 PTS -24.72 PTS +177.72 PTS GOLD -0.19% Lebanese struggle with hardship DOW QE SENSEX as currency nosedives PAGE 10 PRICE PERCENTAGE PRICE PERCENTAGE 18.31 BRENT 42.80 -0.79% WTI 40.32 -0.81% SILVER -0.07% Minister, QC chairman to address first PPP conference TRIBUNE NEWS NETWORK cooperation with Al Mashoura Ad- tigious local and international or- terials Company (QPMC) as golden DOHA vertising via video conference, aims ganisations will participate in the sponsors, while Mwani Qatar, Qatar to raise awareness among the busi- conference. Speakers from the Min- Free Zones, Qatar Financial Center QATAR Chamber is all set to hold ness sector on Law No 12 of 2020 istry of Commerce and Industry, and Al Sulaiti Law Firm are silver the first conference on ‘Developing regulating the partnership between Ministry of Justice, Qatar Chamber, sponsors. Partnership between Public and Pri- public and private sectors that was Qatar Free Zones, Qatar Develop- The conference is also support- vate Sectors’ under the patronage of issued in May and enters into force ment Bank, Qatar Finance Center, ed by Abdul Rahman Al-Mahmoud Minister of Commerce and Industry on July 11. Qatar Investment Authority, as well Law Firm, Sheikh Thani Bin Ali Law HE Ali bin Ahmed Al Kuwari and The QC has invited businessmen as speakers from Qatar University Firm, and Qatar International Cent- QC Chairman Sheikh Khalifa bin and interested persons to register College of Law, and international er for Conciliation and Arbitration Jassim Al Thani on July 7. online for attending the conference. speakers from Brazil and the United (QICCA) at the Qatar Chamber. The conference’s opening will The event includes three work- Kingdom will also participate in the The conference is being held be addressed by the minister, QC ing sessions. The first session will virtual conference. through Microsoft Teams applica- chairman, Public Works Author- deal with opportunities and chal- The conference is supported by tion and will be published on the ity (Ashghal) President Saad bin lenges expected after the implemen- Minister of Commerce and Industry Qatar Chamber Chairman Sheikh many leading companies, banks conference website www.pppqa- Ahmed Al Muhannadi and Qatar tation of the PPP Law. The second HE Ali bin Ahmed Al Kuwari Khalifa bin Jassim Al Thani and institutions. QNB is supporting tar.com, as well as on social media Financial Center (QFC) CEO Yousef session will review partnership laws the conference as strategic partner, channels Facebook and YouTube. Al Jaidah. and some leading international ex- will discuss many legal studies re- sectors. Ashghal as platinum sponsor, Ur- About 5,000 people are expect- The conference, organised in periences, while the third session lated to partnership between both About 15 speakers from pres- bacon, QDB and Qatar Primary Ma- ed to attend the conference. QNB launches new cross Real estate trading value border account in Tunisia TRIBUNE NEWS NETWORK exceeds QR3.8 bn in June DOHA QNB Group, the largest finan- QNA Shamal, and QR124 in Al Sha- cial institution in the Middle DOHA haniya. East and Africa, has launched The trading volume re- an exclusive programme al- THE trading volume of regis- vealed the registration of the lowing Tunisian customers tered real estates at the Min- highest value of ten properties to connect with their home istry of Justice’s real estate sold for June 2020, including 9 country and Qatari nationals registration department stood properties in the Doha munici- to bank in Tunisia, by opening at QR3.815 billion in June this pality and one in the Al Rayyan an account with QNB Tunisia year. municipality. from Qatar. The data of the analytical The volume of mortgage This exclusive service has real estate bulletin issued by transactions that took place in been added to the package of the Ministry of Justice showed June 2020 reached 52 trans- other cross-border offerings 456 real estate transactions actions, with a total value of QNB has in Turkey, Egypt, were recorded during June. QR2.327 billion. Jordan, Lebanon, Kuwait, The municipalities of Doha, Al Al Rayyan municipality Oman, the UK, and France. Rayyan and Al Daayen were the recorded the highest number This is an addition to the most active trades in terms of of mortgage transactions with bank’s cross-border offerings, financial value, followed by the 22 transactions, equivalent to enabling customers to open municipalities of Umm Salal, Al 42.3 percent of the total num- accounts in their home coun- Wakra, Al Khor, Al Thakhira, Al ber of mortgages, followed by try, Tunisia, from Qatar. Shamal, and Al Shahaniya. Doha municipality with 14 QNB’s cross-border so- The value of the transac- transactions, equivalent to lutions enable customers to tions of Doha municipality 26.9 percent, Al Daayen with have a full 360 view on their amounted to QR2.81 billion, 9 transactions, equivalent to accounts in one click through while that of Al Rayyan munici- 17.3 percent, Umm Salal mu- its Internet and Mobile Bank- pality was QR406 million. The nicipality with 4 transactions, ing platforms. With the global value of Al Daayen municipal- equivalent to 7.7 percent and ID feature, customers can also ity transactions amounted to Al Wakra, with three transac- transfer money between their QR368 million, while that of Doha municipality witnesses Al Rayyan sees highest number tions, equivalent to 5.8 per- accounts easily and quickly. the municipality of Umm Salal transactions worth QR2.81 bn of mortgage transactions cent of the total number of QNB Group’s presence was QR87 million and that of mortgages. through its subsidiaries and Al Wakra municipality stood at The value of transactions of Doha Al Rayyan municipality recorded the highest The trading data shows that associate companies extends QR64.89 million. municipality amounted to QR2.81 bn, while number of mortgage transactions with 22 the real estate sector continues to more than 31 countries The municipality of Al that of Al Rayyan municipality was QR406 transactions, equivalent to 42.3% of the its steady growth in various across three continents, pro- Khor and Al Thakhira record- mn. The value of Al Daayen municipality total number of mortgages, followed by fields of investment and trade, viding a comprehensive range ed trading amounting to QR transactions amounted to QR368 mn, Doha municipality with 14 transactions, which confirms the growth of of advanced products and 44,492,125, while that of Al while that of the municipality of Umm Salal equivalent to 26.9%, Al Daayen with 9 strong and active trading ac- services. Shamal municipality reached was QR87 mn and that of Al Wakra transactions, equivalent to 17.3%, Umm tivity during the current year, QR 32,808,239 and that of the municipality stood at QR64.89 mn Salal municipality with 4 transactions especially with the issuance municipality of Al Shahaniya of new laws and decisions re- reached QR875 million. lated to real estate sector, reg- In terms of the traded area municipality by 28 percent and Regarding the number of Rayyan municipality by 17 per- square foot for June 2020 istration, as well as attractive index, indicators showed that Al Rayyan municipality at 19 transactions index (sold real es- cent, Umm Salal municipality ranged between QR440- laws for domestic and foreign the municipalities of Doha, Al percent, followed by Al Wakra tate), trading indicators showed by 8 percent, Al Wakra Munici- 1,284 in Doha, QR239-353 in capital. Daayen and Al Rayyan were the municipality by 6 percent, that the most active munici- pality by 7 percent, Al Samal Al Wakra, QR354-473 in Al These data confirm the most active municipalities in Umm Salal and Al Khor munic- palities during June 2020 are municipality with 5 percent Rayyan, QR289-484 in Umm strength of Qatar’s economy the areas of real estate traded ipalities by 5percent each and Al Daayen municipality with and Al Khor and Al Thakhira Salal, QR299-411 in Al Daayen, and the continued growth of during June 2020, at about 33 Al Thakhira municipality by 4 32 percent, followed by Doha municipality by 5 percent QR204-288 in Al Khor and Al the real estate sector as one of percent in Doha, by Al Daayen percent. municipality by 25 percent, Al The average price per Thakhira, QR139-249 in Al its key components. The QNB headquarters in Doha. QIIB launches summer offer for credit card holders In addition to the bank’s and will cover all QIIB cards data also called the Payment Customers to get double points on all customers who hold QIIB like Wajaha, Deyafa and Plati- Card Industry Data Security online purchases from July 5 to August 27 credit cards and are sub- num. Standard (PCI-DSS), granted scribed to the 5 percent repay- QIIB credit card transac- by SISA Company to banking ment plan or who subscribe to tions meet the highest inter- institutions with the best se- TRIBUNE NEWS NETWORK or who subscribes to the plan it during the offer period, cus- national safety standards, and curity standards in the field of DOHA during the offer period, shall tomers who request the issue accordingly, the advantage of Information Security. be eligible to earn double of a new credit card and sub- doubling points during the of- This certificate is of ut- QIIB on Sunday announced points when making any pur- scribe to the 5 percent repay- fer period comes in addition most importance to QIIB at a the launch of its summer of- chase, online.
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