QDB, ITC to Step up Joint Support for Qatar Msmes
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MIDEAST GROWTH | Page 2 ALL-TIME HIGH | Page 3 Xi pledges Temasek net $20bn portfolio value in loans hits $227bn Wednesday, July 11, 2018 Shawwal 27, 1439 AH CAPITALISATION GAINS OVER QR7BN: Page 16 QSE inches towards GULF TIMES 9,400 levels on across-the-board BUSINESS buying support Qatar most active player in Mena QDB, ITC to step up joint debt capital market Qatar was the most active player 18 more than the 40 recorded in in the Middle East and North Af- the energy and power industry, rican (Mena) debt capital market the study said. support for Qatar MSMEs (DCM), accounting for 28.5% of Goldman Sachs currently leads the issue in terms of value, ac- the Q2, 2018 announced any he Qatar Development cording to Thomson Reuters. Mena involvement M&A league Bank (QDB) and the In- The mergers and acquisition table. JP Morgan and Credit Suisse Tternational Trade Centre (M&A) deals with Mena involve- follow in second and third place. (ITC) have announced the sign- ment touched an eight-year high Fees generated from com- ing of a partnership for a $1mn of $33.9bn during the second pleted M&A transactions totalled funding to help diversify micro, quarter (Q2) of this year, it said $59.6mn, a 52% decrease from small and medium-sized enter- in a report. last year and the lowest first half prises (MSMEs) in Qatar. Saudi Arabia trailed behind Doha since 2012. Syndicated loan fees As part of a new co-operation with 21.8% share in the Mena stood at $215.7mn, up 17% from agreement, QDB will provide DCM, it said, adding Internation- Q2 2017. $1mn to ITC towards the de- al Islamic debt issuance (within The Mena equity and equity- velopment and enhancement the region) reached $19.3bn so related issuance totalled $3bn of competitiveness of MSMEs far this year. during Q2, 2018, a 68% increase in the country, the ITC said in a The DCM have seen significant year-on-year. statement yesterday. activity during the first half of Out of the 15 transactions an- The two organisations will this year, despite a 2% decreased nounced so far this year, nine work jointly to diversify the ex- compared to Q2, 2017. Debt issu- have been follow-on off erings, ports of Qatari enterprises and ance in the Mena region is at its raising a total of $1.8bn and improve the visibility of Qatari second highest level, reaching accounted for 58.5% of the first non-oil and non-gas sectors, the $59.4bn so far this year. half ECM (equity capital market) ITC said. Standard Chartered currently activity in the region. A letter of declaration was leads in the Mena bond ranking Orange Egypt follow-on raised signed by QDB CEO Abdulaziz for Q2 2018 with a 14.9% share $866mn and is the biggest deal bin Nasser al-Khalifa and ITC of the market, while CIMB Group so far during 2018. EFG Hermes executive director Arancha Holdings took the top spot for leads the Mena ECM ranking González on the sidelines of Islamic DCM issuance with a with a 24.4% market share, the ITC’s annual Joint Advi- 15.5% share. followed by JP Morgan and Gold- sory Group (JAG) meeting in The value of announced M&A man Sachs in second and third Geneva. transactions with any Mena place, respectively. Announcing the launch of the involvement reported 74% The Mena investment bank- project, al-Khalifa, said: “We Qatari enterprises have the skills to compete in regional and González says the partnership with QDB will allow us to jointly growth year-on-year during Q2, ing fees totalled an estimated know that Qatari enterprises international markets, says Abdulaziz al-Khalifa. address challenges faced by Qatari enterprises. 2018, it said. $472.3mn during Q2 2018, have the skills to compete in Deals with a Mena target 7% less than the value of fees regional and international mar- benefi t from trade and market the United Nations Confer- business e-commerce markets. tween QDB and ITC has been reached an all-time high rising to recorded during Q2 2017. kets. This project supports QDB intelligence, provide the right ence on Trade and Development One focus would be through es- designed along the lines of the $21.3bn, up 110% from the same DCM fees accounted for 30% eff orts to improve the national skills to succeed in e-commerce (UNCTAD). tablishing a barcode standard in Qatar National Vision 2030, period in 2017 while inter-Mena of the overall Mena investment trade-enabling environment as and work towards establishing a The focus will be on sustain- Qatar that will encourage com- which puts diversifi cation of or domestic deals reached a banking fee pool, the second well as enterprise export com- barcode standard in Qatar.” ing the quality and transparency panies to produce goods con- the economy as a priority ob- five-year high, also up 232% highest market share since its petitiveness.” In addition to supporting Qa- of trade-related information, forming to international market jective. year-on-year. records began in 2000. Syndi- González added: “This part- tari businesses to diversify out strengthening public-private standards. This will ease access In addition to providing sup- Energy and power deals ac- cated lending fees accounted nership with QDB will allow us of the hydrocarbon sector, the dialogue and transforming this to new national, regional and in- port to Qatar in realising its de- counted for 32.8% of Mena for 46% while the share of com- to jointly address challenges funding will also provide sup- data into intelligence. ternational markets and improve velopment objectives, the part- involvement M&A by value, pleted M&A advisory fees fell to faced by Qatari enterprises and port for the Global Trade Help- Stepping up its support for product safety by ensuring bet- ners are committed to explore followed by the financial sector its lowest level, only accounting help them diversify and scale desk (helpmetrade.org), an initi- Qatari MSMEs, the project will ter traceability along the global further opportunities for future with a 30.2% market share but for 13% of the market. ECM up exports. This includes em- ative launched by ITC, the World work to better integrate them supply chain. collaboration, in Qatar and else- counting with 58 transactions, underwriting fees was 12%. powering MSMEs to access and Trade Organisation (WTO), and into the global business-to- The renewed partnership be- where in the region, the ITC said. Qatar firms to get ‘big savings’ once ATA Carnet takes effect next month Iran vows to sell as By Peter Alagos Business Reporter much oil as it can Companies in Qatar could expect to generate “very big savings” in opera- tional costs once the ATA Carnet takes eff ect in the country next month, Qatar Chamber Legal Aff airs Department director Abdul Aziz al-Kuwari said. despite US sanctions Aside from cost, the ATA Carnet will help companies in Qatar save time in terms of streamlining procedures when exporting and re-exporting Reuters have no impact, but added: “We a number of fi rms have already goods, al-Kuwari told Gulf Times on the sidelines of Qatar Chamber’s first London will make Americans under- said they plan to pull out. workshop on the ATA Carnet yesterday. stand this year that they cannot Foreign ministers from the “A lot of countries require customs duties, certificates, and other costs. But ranian vice-president Es- stop Iranian oil sales.” fi ve remaining signatory coun- with the ATA Carnet, companies will only pay for fees of the carnet and the haq Jahangiri acknowledged The US ambassador to Ber- tries to the nuclear deal — Brit- guarantee, which will be returned once the companies return to Qatar, so Iyesterday that US sanctions lin called on the government ain, France, Germany, China they get very big savings on money and time,” al-Kuwari pointed out. would hurt the economy but of Chancellor Angela Merkel and Russia — off ered a package The ATA Carnet is an international customs document that allows the promised to “sell as much oil as to block an Iranian attempt to of economic measures to Iran on duty-free and tax-free temporary import and export of goods for up to we can” and protect its banking withdraw large sums of cash Friday but Tehran said they did one year. The system is applied to import-export goods that will return system. from bank accounts in Germany. not go far enough. to the country of origin within the period which is approved by customs Jahangiri said Washington was Iran’s foreign ministry and “We think the Europeans will authorities. trying to stop Iran’s petrochemi- the central bank have taken act in a way to meet the Iranian Al-Kuwari also stressed that the ATA Carnet will help make Qatar attractive Qatar Chamber Legal Aff airs Department director Abdul Aziz cal, steel and copper exports, measures to facilitate bank- demands, but we should wait to foreign investors, and “will contribute to activating the tourism sector, al-Kuwari speaking at the first workshop on the ATA Carnet held in and to disrupt its ports and ship- ing operations despite the US and see,” Jahangiri said. conferences, and exhibition being held in the country.” Doha yesterday. ping services. “America seeks to sanctions, Jahangiri said with- The pressure on Iran came as “Countries travelling abroad for exhibitions and events always look for the reduce Iran’s oil sales, our vital out elaborating. The Iranian oil Washington had launched an ATA Carnet for the export and re-export of the goods that they are using.