Trump heaps another 5% tariff on Chinese goods page 10

Sunday, August 25, 2019

25,628.90 9,918.60 36,701.16 1,537.60 -623.34 pts +41.50 pts +228.23 pts Gold +1.93% What tools could Trump use to get Dow QE sensex US firms to quit China?pa ge 10 Price percentage Price percentage 17.55 Brent 59.34 -0.97% WTI 54.17 -2.13% Silver +2.19%

New highways pave way for affordable rental housing localities in

While historically down- the airport and industrial area town planned development Improved connectivity makes many locations town Doha is considered as a are other advantages. It’s a that offers easy access to Al leasing preference for budget- well-planned community with Furjan Markets and communi- affordable for budget-constrained families constrained families, he said school, hypermarket, and res- ty schools. Mostly private and now expatriates have several taurants. standalone villas are available Satyendra Pathak portation, food, healthcare or new locations to choose from. on very affordable rental rates. Doha education,” he said. According to Borikar, the Top five new neigh- Umm Al Seneem: Great In such a situation, Borikar top five new neighbor- bourhoods for affordable location due to access from The development of various said, affordable housing helps hoods for budget apart- villas: Salwa Road, East Industrial new intercity highways has increase the discretionary in- ments are: Umm Slal Mohammad: Area Road and Industrial Area led to the emergence of sev- come that low- and mid-in- Lusail: About 10 minutes Very affordable rental rates Road. Town planned devel- eral new locations for afford- come families have available to drive from West Bay and 20 for comparatively large units. opment and easy access to Al able rental housing in Qatar, meet important family needs minutes from Doha Down- While connectivity with im- Furjan Markets, Industrial Al Asmakh Valuations and or save for the future. town, Lusail is full of choices portant places through Al Area, Salwa Road, and schools. Research Director Gaurav Bo- Shamal Road is moderate, the Both compound development rikar has said. locality has easy access to basic and standalone villas are avail- “Qatar’s well-planned amenities and restaurants. able at bargain rental rates. transit access has resulted in Realty Check with While historically downtown Doha is considered a leasing preference Semaismah: Due to the de- and Rawdat strategically linking several for budget-constrained families, now expatriates have several new velopment of new Al Khor Egdaim: Both communities affordable housing communi- Al Asmakh Real Estate locations to choose from, such as Lusail City. Road, Semaismah is about 30 are developed under town- ties that are well-organised, minutes drive away from West planning. Accessed from elegant, and offer household- He, however, said that peo- with new housing construc- generally known for villas. Bu Sidra: Little far off from Bay. Private and standalone Dukhan Highways, the area friendly environment. The new ple should be very careful while tions, well-developed infra- However, plenty of apartments Salwa Road, but super easy large size villas are available has easy connectivity with highways have led access to renting affordable houses. structure and amazing connec- are available that are newly access to all parts of Doha. for plus size families. Easy ac- Mall of Qatar, Education City, those communities which were “A wrong choice of select- tivity with Doha and Al Khor. constructed in a closed and se- Generally, 2BR and 3BR apart- cess to Semaismah beach and and New markets. earlier neglected as an option ing rental house may also Family beaches are just 10 cured compound. ments are available here. As- good connectivity to Doha and Both communities are about for leasing,” he said. lead to poor housing quality, minutes drive away. While the Bu Hamour: Amazing con- pire Park, Villaggio Mall, Hyatt Al Khor make this area a good 15 minutes drive from Al Sadd. “On average, one in four overcrowding, compromised rental rates are not low, most nectivity and very affordable Plaza are just 10 minutes drive choice. Mostly standalone villas are renters pay more than 50 per- neighbourhood, and lack of residential units are available at rental rates. It is well-devel- away. Al Kheesa and Rawdat Al available with a few options of cent of their income on rent, approach to basic amenities affordable rents given the up- oped and has easy access to : The area is well- Hamama: Dual connectiv- compound developments. The leaving less money for other such as market, school, office scale lifestyle that Lusail offers. schools, supermarkets, Salwa connected by G Ring Road. Af- ity from Al Shamal Road and rental rates are very affordable important expenses like trans- and so forth,” he said. Markhiya: This locality is Road, and to the airport. fordable rents, easy access to Al Khor Road. Both areas are indeed.

Macron, Tusk ‘Lower credit sound alarm Leaders of EU round on rating for over trade Lebanon war risks Trump over trade at G-7 shows need AFP for reform’ Biarritz AFP EU Council President Donald The three-day Beirut Tusk warned Saturday that US President Donald Trump’s es- summit will be Analysts warned Saturday calating trade skirmishes with that Lebanon needs to acceler- China and Europe could force a difficult test of ate reforms to revive its floun- economies around the world unity, says EU’s dering economy, a day after an into recession. agency downgraded the Medi- “Trade wars will lead to re- Donald Tusk terranean country’s credit rat- cession, while trade deals will ing. boost the economy,” Tusk said AFP On Friday, Fitch bumped as leaders of the Group of Sev- Biarritz Lebanon down to “CCC” while en (G7) countries descended on Standard & Poor’s kept it at “B- the French resort town of Biar- EU leaders rounded on US /B” with a negative outlook. ritz for a three-day summit. President Donald Trump over “The downgrade reflects French President Emma- his trade threats on Saturday intensifying pressure on Leba- nuel Macron, the summit’s as they arrived in the chic non’s financing model, increas- host, also warned of the wide- French seaside resort of Biar- ing risks to the government’s spread fallout from the trade ritz for a G-7 summit over- debt servicing capacity,” Fitch disputes. shadowed by trans-Atlantic said in a statement. In a televised address to the tensions and worries about the S&P said it could still lower nation from Biarritz, Macron global economy. Lebanon ratings over the next said his goal was “to convince Already embroiled in year if banking system depos- all our partners that trade ten- a high-risk trade war with its and the central bank’s for- sions are bad for everyone”. China, Trump warned late eign exchange reserves contin- And he vowed to work on “a Friday he would impose pun- ued to fall. real recovery” for the global ishing tariffs on French wine “Non-resident deposi- economy. if France doesn’t withdraw a tors and foreign investors will “We have to achieve some new digital tax that will hit US likely remain cautious of Leba- form of de-escalation, stabilise tech giants. non unless the government is things, and avoid this trade war The European Union “will able to... implement structural that is taking place all over,” he respond in kind,” EU Council An Isolated President Donald Trump arrived Saturday for the G-7 summit in Biarritz bearing threats of tariffs against host France and a decision reforms to reduce the large said. President Donald Tusk an- to deepen his trade war with China, despite fears of US or even global recession. (EPA-EFE/LUDOVIC MARIN) budget gap and improve busi- “We have to work for more swered to Trump, who issued ness activity,” it said. growth, and more jobs,” he his threat on departing Wash- In an attempt to lighten though 13,000 police have testers camped out near Hen- Growth in Lebanon has added. ington for Biarritz. the mood, Macron deployed been deployed to keep them daye. plummeted in the wake of re- France in particular was Host Emmanuel Macron, his secret weapon of French far from view. Wall Street stocks slumped peated political deadlocks in targeted by Trump just before France’s president, and even cuisine diplomacy, treating So far so good. The weather Organisers said 15,000 heavily Friday after Trump recent years, compounded by his departure for Biarritz, when British Prime Minister Bo- Trump to a surprise lunch is perfect. Everybody’s people rallied around 30 kilo- escalated his trade war with the 2011 breakout of civil war the US leader again threatened ris Johnson also sounded the minutes after he had arrived getting along. I think we will metres (20 miles) south of the China. in neighbouring Syria. to impose heavy tariffs on alarm about the dangers of on Air Force One. accomplish a lot this G7 gathering at the border “We don’t need China and, The country’s public debt French wines in retaliation for Trump’s escalating trade war Speaking to reporters in town of Hendaye for a march frankly, would be far... bet- stands at more than 86 billion a new French tax on large US with China. fluent English, Macron called weekend. over the Bidassoa River to- ter off without them,” Trump dollars, or higher than 150 per- tech companies like Google. “I am very concerned. The Trump “a very special guest”. US President Donald Trump ward the Spanish town of Irun. tweeted on Friday. cent of GDP, according to the “Frankly, I don’t want UK is at risk of being implicat- Trump, sitting across the Red, white and green His outburst came after finance ministry. France going out and taxing ed in this. This is not the way small table on a terrace of the Basque flags waved above a China imposed tariffs on US Eighty percent of that debt our companies. Very unfair,” to proceed,” Johnson told re- ornate Hotel du Palais, ap- focusing on a push for action crowd that included anti-cap- imports worth $75 billion in is owed to Lebanon’s central he told reporters in Washing- porters on the plane to the G7 peared to be softened by the against fires in the Amazon italists, environmental activ- response to an earlier round of bank and local banks. ton on Friday. “If they do that, summit in Biarritz. warm, unscheduled welcome. rainforest, despite Brazilian ists as well as a few dozen of American measures. Economist Ghazi Wazni we’ll be taxing their wine or “I want to see a dialling “So far so good. The weath- right-wing President Jair Bol- France’s “yellow vest” anti- Trump hit back immedi- said both the Fitch and S&P re- doing something else. We’ll be down of tensions.” er is perfect. Everybody’s get- sonaro’s angry response to government protesters, ac- ately, with a sharp increase in ports were a warning of Leba- taxing their wine like they’ve The stormy start to a sum- ting along. I think we will ac- what he sees as outside inter- cording to AFP journalists at his own tariffs on all Chinese non’s “difficult economic and never seen before,” he said. mit of what are meant to be complish a lot this weekend,” ference. the scene. imports. financial situation”. The trade disputes have like-minded allies -- Britain, Trump said, praising his “spe- Echoing criticism from “It’s important to show A Chinese commerce min- It highlighted the need to jumped to the forefront of this Canada, France, Germany, cial relationship” with Ma- France, Tusk said Bolsonaro’s that people are mobilised and istry spokesman on Saturday reduce the budget deficit in- year’s G7 summit, with both Italy, Japan and the United cron. response to the “destruc- do not accept the world they’re denounced Washington’s cluding through a “serious re- Tusk and Macron also warn- States -- led Tusk to sound a In addition to the global tion of the green lungs of the offering us,” said Elise Dilet, “unilateral and bullying trade form of the electricity sector”, ing that an ambitious deal in dire alarm over the future of economy and fears of reces- Earth” was insufficient and 47, of the Basque anti-globali- protectionism”. as well as fighting tax evasion the works between the EU and Western leadership. sion, the G7 chiefs will huddle he warned that a big EU trade sation group, Bizi. In a televised address and corruption, he told AFP. South American nations is now “This may be the last mo- over several hot topics, includ- deal with South America could The rally has been peaceful ahead of the summit, Macron Karim Bitar, a Lebanon ex- at risk over Brazil’s response to ment to restore our political ing their diverging positions be imperilled. so far, after police said 17 peo- said his goal was “to convince pert, said Friday’s downgrade an outbreak of wildfires in the community,” he said. “The on Iran’s nuclear program. G7 leaders were greeted ple were arrested as of Friday all our partners that trade ten- came at a time of low confi- Amazon. world needs our cooperation.” European leaders are also by protests outside Biarritz, night amid clashes with pro- sions are bad for everyone”. dence in financial markets.