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FDI in Qatar Rises 27% Showing Investors' Trust

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FDI in Qatar Rises 27% Showing Investors' Trust BUSINESS | 14 SPORT | 17 Opec & allies Kroos the hero as agree to boost oil Germany break production Swedish hearts Sunday 24 June 2018 | 10 Shawwal I 1439 www.thepeninsula.qa Volume 23 | Number 7567 | 2 Riyals Enjoy beIN’s 2018 FIFA World Cup™ Package included with Ooredoo tv v Economy Minister meets US Chamber President Qatar condemns FDI in Qatar rises assassination bid against President 27% showing of Zimbabwe QNA investors’ trust DOHA: The State of Qatar has strongly condemned the assassination attempt against SACHIN KUMAR Qatar attracted close President Emmerson Mnan- THE PENINSULA to $1bn inward FDI gagwa of the Republic of last year compared Zimbabwe, during his partic- DOHA: The Foreign Direct ipation in an election rally, at Investment (FDI) in Qatar has to $774m in 2016, the White City Stadium in the risen by around 27 percent last according to the southwestern city of year, which shows that the trust ‘World Investment Bulawayo, causing several of global investors on the coun- Report 2018’. injuries. try’s economy is intact. Qatar In a statement yesterday, attracted close to $1bn ($986m the Ministry of Foreign Affairs to be precise) inward FDI last Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim Al Thani, with the President of reiterated the State of Qatar’s year compared to $774m in under unjust blockade by siege the US Chamber of Commerce, Tom Donohue, and other officials of the US Chamber of Commerce, firm stance rejecting violence 2016, according to the ‘World countries. The trust of global yesterday. They discussed ways and means to strengthen bilateral relations. and criminal acts regardless →SEE ALSO PAGE 3 Investment Report 2018’ investors remained firm on of motives and reasons. released by United Nations Qatar’s economy reflecting that The statement expressed Conference on Trade and the fundamentals of Qatar’s Qatar’s wishes of a speedy Development. economy are strong. recovery to the injured. Increase in FDI in Qatar is According to the report, FDI commendable considering the in Qatar during last year was →SEE ALSO PAGE 5 overall trend in the region was around one percent of gross not encouraging as the region fixed capital formation. The Al Marri calls on EU to take strong and quick saw a declining trend in inward FDI stock in the country attracting foreign funds. The increased from $33.9bn in 2016 West Asia region, which to $34.9bn in 2017. measures against siege countries’ violations included Qatar and other 12 The flow of foreign funds is countries, witnessed a fall of expected to continue this year QNA consistently blamed those coun- He stressed that more than a around 17 percent in 2017. The and also in the coming years tries for the human rights viola- year after the siege imposed on the TODAY’S MATCHES region attracted $25.5bn during due to the proactive steps taken BRUSSELS: The Chairman of the tions that have affected thou- State of Qatar, citizens and resi- ENGLAND VS PANAMA last year which was around by the government. National Human Rights sands of families in Qatar and the dents of Qatar no longer accept the 3.00PM $5.2bn less than $30.8bn Last month, the Cabinet Committee (NHRC), Dr Ali bin Gulf States for more than a year. political positions of some coun- JAPAN VS SENEGAL attracted by the countries in the approved a draft law that Smaikh Al Marri, has called on In a meeting with the Special tries, which only “verbal condem- 6.00PM region in 2016. allows non-Qatari investors to the European Union (EU) to take Representative of the European nation” of the violations of the POLAND VS COLOMBIA Increasing foreign invest 100 percent capital in all strong, quick measures and prac- Union for Human Rights Stavros blockading countries, without 9.00PM investment is a signal of sectors. In another capital- tical steps to condemn the viola- Lambrinidis, in the Belgian being followed by practical and YESTERDAY'S RESULTS growing confidence of global attracting move, many Qatar tions that affect thousands of Gulf capital, Brussels, Dr Al Marri pre- deterrent decisions that would BELGIUM 5-2 TUNISIA investors in Qatar’s robust Stock Exchange listed com- families as result of the siege sented a copy of the 5th report triumph over human rights before economy. The foreign panies have increased their imposed on the State of Qatar, prepared by the National Human political interests among states. SOUTH KOREA 1-2 MEXICO investment has risen at a time foreign ownership limit to 49 similar to the position of the Rights Committee (NHRC), on the GERMANY 2-1 SWEDEN when the country was put percent. European Parliament, which has occasion the siege anniversary. →CONTINUED ON PAGE 2 02 HOME SUNDAY 24 JUNE 2018 Al Marri calls on EU to take Amir greets Grand Duke of action against siege nations Luxembourg CONTINUED FROM PAGE 1 which the EU institutions were impact on children, DOHA: Amir H H Sheikh founded,” he added. especially as a result Tamim bin Hamad Al Thani Dr. Al Marri called on the The NHRC chief invited the of the siege imposed sent yesterday a cable of European Union countries to Special Representative of the on Qatar. He said that congratulations to HRH give priority to human rights in European Union for Human thousands of Qatari, Grand Duke Henri of Luxem- their relations with the coun- Rights Stavros Lambrinidis to Emirati, Saudi and bourg on the occasion of his tries of the blockade, urging visit the State of Qatar and the Bahraini children country’s National Day. them to triumph over the noble rest of the countries, parties of were deprived of their Deputy Amir H H Sheikh humanitarian principles on the crisis in order to work to parents and were pre- Abdullah bin Hamad Al Thani which the European Union is address the humanitarian vio- vented from traveling and Prime Minister and based, particularly the defense lations resulting from the siege, with their parents Interior Minister, H E Sheikh of human rights issues in dif- pointing out that the visit of the because of the pos- Abdullah bin Nasser bin ferent regions of the world. representative of the European session of these Khalifa Al Thani, also sent He also called on the Special Union to find out the repercus- children or the father similar messages respectively Representative of the European sions of the siege and its impact or mother of Qatari to HRH Grand Duke Henri Union to inform the represent- on the peoples of the Gulf nationality, stressing and Prime Minister of Luxem- atives of the EU countries that region, would play a key role that these children bourg Xavier Bettel. The Chairman of the National Human Rights Committee, Dr. Ali bin Smaikh the victims of the blockade are and a major contribution to were subjected to a Al Marri, with the Special Representative of the European Union for Human citizens, residents of Qatar and resolving this humanitarian “humanitarian crime” the blockading countries were crisis. which can not be Rights, Stavros Lambrinidis, in Brussels yesterday. Qatar condemns waiting for more effective and During his meeting with tolerated. attack on supporters strong positions to stop Chiara Adamo Head of the Unit During his meetings in countries to show strictness in partnership between her violations. for Gender Equality, Human Brussels, the NHRC chief that dealing with human rights vio- department and the NHRC. The of Ethiopian PM “The EU countries have pro- Rights and Democratic Gov- the silence of States and gov- lations resulting from the Gulf cooperation between the two QNA cedures and mechanisms that ernance of the Department of ernments to the continuation of crisis similar to those dealing sides is expected to result in the enable them to put pressure on International Cooperation and the siege imposed on Qatar for with labor rights issues in the signing of a partnership the blockading countries urging Development of the European more than a full year, is no Gulf region. agreement with, especially in DOHA: Qatar strongly them to stop their violations, in Union, Dr. Al Marri pointed out longer acceptable. Dr. Al-Marri also reviewed working with national human condemned the attack which line with the principles on to the disastrous humanitarian Dr. Al Marri called on the EU with Chiara Adamo ways of rights institutions. targeted a crowd of supporters of Ethiopian Prime Minister Abiy Ahmed, leaving several killed and injured. QRCS, QC aid Yemenis affected by Cyclone Mekunu The Ministry of Foreign Affairs reiterated Qatar’s firm THE PENINSULA Qatar Red Crescent Society affected families in Yemen’s gov- cyclone, which has caused major international humanitarian stance on rejecting violence (QRCS) continued to implement ernorates of Hadramawt and Al damage, forcing many families organizations, starting with a and criminal acts regardless DOHA: Qatar Red Crescent the emergency humanitarian Mahrah, QNA reported. to flee their homes after they public tenders for the supply of of motives and reasons. The Society (QRCS) said that its response it launched in cooper- The statement pointed out have lost their living necessities. food and shelter packages then statement expressed the con- mission in Yemen has distributed ation with Qatar Charity (QC) for that the total budget for this It added that this relief project is the selection and approval of the dolences of Qatar to the food baskets, blankets, sponge the relief of the Yemenis affected project is USD 200 thousand, going through several phases suppliers, then follow up proce- victims’ families, and to the mattresses and cooking gears to by Cyclone Mekunu by covering adding the project is of high according to the working mech- dures for purchasing and sup- Government and people of 1,000 families of about 7,000 basic food and emergency importance due to the urgent anisms and transparency plying the required quantities to Ethiopia, wishing the injured people.
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