Consumer Confidence, Spending Looking Up
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BUSINESS | Page 1 SPORT | Page 9 Rahane helps Pune to 7-wicket INDEX DOW JONES QE NYMEX QATAR 2, 20 COMMENT 18, 19 ARAB WORLD 3, 4 BUSINESS 1-12 win over QIA ‘in talks’ to buy 17,660.71 9,748.78 44.34 INTERNATIONAL 5-16 CLASSIFIED 8 +9.45 -106.07 +0.56 ISLAM 17 SPORT 1-12 St. Regis hotels Delhi +0.05% -1.08% +1.28% Latest Figures published in QATAR since 1978 FRIDAY Vol. XXXVII No. 10080 May 6, 2016 Rajab 29, 1437 AH GULF TIMES www. gulf-times.com 2 Riyals Qatari minister in Ankara meetings Consumer In brief confi dence, QATAR | Education 109 new engineers graduate at Tamuq As many as 109 new engineers received their diplomas tonight spending during Texas A&M University at Qatar’s annual commencement exercises held on the Education City campus. Eighty-nine Aggie engineers earned bachelor’s degrees in chemical engineering, electrical engineering, mechanical engineering looking up and petroleum engineering, 43 of those to Qatari nationals. This is the ising consumer confi dence and tinue to support high rental rates. largest ever graduation ceremony spending, alongside greater “We have a stable outlook for Qatar’s for Texas A&M at Qatar. The branch Rgovernmental investment will economy in the medium term, refl ect- campus also awarded its largest present opportunities in Qatar’s retail ing the countries resilience to the col- ever batch of master’s degrees and offi ce sub-sectors in 2016 and 2017, lapse in oil prices over 2015,” BMI said. in chemical engineering, with 20 Turkey’s President Recep Tayyip Erdogan met in Ankara yesterday with Qatar’s Minister of State for Defence Aff airs HE Dr BMI has said in a report. The government has announced handed out tonight. Page 20 Khalid bin Mohamed al-Attiyah. During the meeting, they discussed relations between Qatar and Turkey, and ways to enhance Infrastructure “improvements” in reforms that should mitigate further them, and exchanged views on a number of issues of common interest, especially in the military fields, besides overall Qatar will benefi t the broader real es- damage to the economy. These in- situation in the Arab and international arenas. HE Dr al-Attiyah also met separately with Turkish Defence Minister Ismet Yilmaz tate market, the Fitch Group company clude reductions in current govern- ARAB WORLD | Confl ict and Foreign Minister Mevlut Cavusoglu to discuss issues of mutual interest and ways to develop them to serve the common said. ment spending, which was cut by 9.5% Air strikes on camp for interests of two countries. The offi ce sector benefi ts from a over 2015 and is forecast to fall again in strong development pipeline, with 2016, as slow developing projects are displaced Syrians kill 28 around 2mn sqm of space expected to scrapped, subsidies removed and an Air strikes on a camp housing Syrians enter the market by 2019, and higher increase in stamp duty is introduced. uprooted by war killed 28 people levels of demand, on the back of greater Capital spending will increase near the Turkish border yesterday, a government spending. slightly as spending on infrastruc- monitoring group said, and fighting “Doha will be central for offi ce de- ture developments advance in order raged in parts of northern Syria Turkey PM to step velopments,” it said. to boost business prospects. Projects despite a temporary deal to cease The city is the focus of most tenant include ‘free zones’ to benefi t logistics hostilities in the city of Aleppo. The interest and will see continued higher and attract foreign investment. Syrian Observatory for Human levels of demand leading up to the 2022 On top of this, the government is Rights said the dead included FIFA World Cup, with a particular ap- looking to off er more development women and children and the death down in two weeks petite for premium grade units from projects to the private sector, which toll from the air strikes, which hit international investors. BMI forecasts will channel funding into a camp for internally displaced AFP On the other hand, Al Khor and Al the most important and strategic in- people near the town of Sarmada, Ankara Wakrah are seeing little interest for vestments. was likely to rise. Footage shared on higher-grade space, as developers are Overall, it sees this as benefi ting the social media showed rescue workers unwilling to build due to the economic commercial real estate market over the putting out fires which still burned urkey’s Prime Minister Ah- focus on Doha. medium and long term, as greater in- among charred tent frames, pitched met Davutoglu yesterday an- The retail sub-sector benefi ts from vestment into the private sector will in a muddy field. Page 4 Tnounced he would step down demand for premium malls space, from create opportunities for foreign devel- in two weeks as ruling party chief and both domestic and international inves- opment. premier. tors. This has seen an infl ux of supply The commercial real estate mar- REGION | Meeting Divisions between Davutoglu and in the pipeline for Doha to meet rising ket will also continue to benefi t from Yemen president lauds President Recep Tayyip Erdogan that demand. Qatar’s strong macroeconomic fun- had been rumoured for months burst Al Khor and Al Wakrah will see a damentals, including low unemploy- GCC peace eff orts into the open on Wednesday, with the similar trend to the offi ce sector, al- ment and a diversifi ed labour market, Yemeni President Abd-Rabbu two leaders holding crisis talks at the though the former is seeing interest for which will support business senti- Mansour Hadi conferred with GCC presidential palace that failed to re- premium grade units, which will con- ment, BMI said. Secretary General Dr Abdul Latif solve the confl ict. bin Rashid al-Zayani in Riyadh Davutoglu said after a central ex- yesterday. President Hadi lauded ecutive committee meeting of the GCC eff orts in trying to bring peace ruling Justice and Development Party to Yemen through abidance by the (AKP) that the party would hold an ex- Gulf initiative, the UN resolution traordinary congress on May 22 and he Turkish Prime Minister Ahmet Davutoglu gives a press conference after an executive Four terrorists killed in No. 2216, and the outcomes would not be standing for a new man- board meeting of his Justice and Development Party in Ankara yesterday. of the negotiations in Kuwait. date. He expressed his appreciation This means that the premier - who his achievements as premier and in- Soner Cagaptay, director of the Saudi raid near Makkah for Kuwait in providing all the headed the government since 2014 sisted he held no regrets. Turkish Research Program at the ingredients needed for the success when Erdogan moved from the pre- But alluding to a lack of support by Washington Institute, said the move of Yemeni negotiations. miership to the presidency - will step some within the AKP, he said he could was the next stage in a “hollowing out” AFP ing when the shootout occurred. aside from his twin jobs of AKP boss not be a candidate for the party lead- of Turkish institutions by Erdogan. Riyadh A simultaneous raid occurred on a and prime minister and the congress ership “if there is no consensus”. “It shows how much power has hideout in the Red Sea city of Jeddah, BRITAIN | Vote will choose a new leader. The appointment of a potentially been massed in one person’s hands,” where two people were arrested, “and London ‘set’ to elect According to the conventions of the more pliant prime minister would al- he told AFP, adding that Erdogan was audi police shot dead two sus- they are being investigated for their in- fi rst Muslim mayor AKP - a party co-founded by Erdogan low Erdogan to further consolidate his now exercising more control than an- pected militants and two others volvement in this cell”, the spokesman to bring Islam into the mainstream of powers as he seeks to win backing for yone in Turkey’s modern democratic Sblew themselves up during a raid said. London was on track to become the Turkey’s secular politics - the party controversial constitutional changes history. near the holy city of Makkah yesterday, “The security operation is still un- first EU capital with a Muslim mayor chairman and head of government are to make Turkey a presidential system. Leading potential successors to Da- the Interior Ministry said. derway. Explosives are being removed as voters went to the polls yesterday the same person. Since becoming president after over vutoglu include the president’s long- “The terrorists started shooting to- and the area combed. And the suicide after a bitter campaign between “I don’t think I will be a candidate decade as premier, Erdogan has sought time henchman Transport Minister wards security forces, which they re- belts, explosives and weapons at the Prime Minister David Cameron’s in the next congress in the current cir- to tighten his grip on the levers of Binali Yildirim, and the youthful En- sponded to”, leading to the deaths of a fi rst location are being dealt with,” the Conservatives and the opposition cumstances,” Davutoglu said. power, leading critics to accuse him of ergy Minister Berat Albayrak, 38, who pair of suspects while the others “com- spokesman said. Labour party. Labour lawmaker Sadiq He added that after “consultations authoritarianism and cracking down is married to the president’s eldest mitted suicide by blowing themselves The raids were part of surveillance Khan, a former government minister with friends”, including Erdogan, “I on press freedom.