QIA to Refocus on Direct Investments in Companies: FM
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THURSDAY JUNE 20, 2019 SHAWWAL 17, 1440 VOL.12 NO. 4665 QR 2 HOT Fajr: 3:14 am Dhuhr: 11:35 am HIGH : 43°C Asr: 2:58 pm Maghrib: 6:28 pm LOW : 33°C Isha: 7:58 pm MAIN BRANCH LULU HYPER SANAYYA ALKHOR Business 10 Sports 13 Doha D-Ring Road Street-17 M & J Building MATAR QADEEM MANSOURA ABU HAMOUR BIN OMRAN Ooredoo presents ‘Get Digital!’ at Qatari schools in a Near Ahli Bank Al Meera Petrol Station Al Meera annual Capital Markets Day class of their own alzamanexchange www.alzamanexchange.com 44441448 Cabinet okays ROMANIAN PRIME MINISTER HOSTS FM draft law on DNA database QIA to refocus on HE Cabinet took the neces- Tsary measures to issue a draft law on DNA database after direct investments reviewing the recommendations of the Shura Council. The preparation of the draft law comes to replace the Law No 9 for 2013, in the frame- in companies: FM work of the modernisation of legislation. As per the draft law, it is prohibited to take biological Sovereign wealth In the past six samples, conduct DNA tests months, we or store its data in the DNA fund to focus on database, or use it as evi- have been quite dence and in an investigation technology sector active, mainly in North or a trial without a decision by America...we are the Public Prosecution or the TRIBUNE NEWS NETWORK opportunistic investors, competent court. DOHA so whenever we see DNA tests and data in the Prime Minister of Romania Vasilica Viorica Dancila hosted a dinner banquet in honour of Deputy Prime an opportunity we database are authoritative un- Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman al Thani, on Wednesday. QATAR Investment Author- less otherwise proven, except The FM is on a two-day visit to Romania. The banquet was attended by a number of ministers and senior ity (QIA), Qatar’s sovereign go for it.” for descent provided for in chap- officials of Romania. wealth fund, will refocus on — HE Sheikh ter two of part six of the Family direct investments in compa- Mohammed bin Law. (QNA) PAGE 2 nies and other assets, Deputy Abdulrahman Prime Minister and Minister of Foreign Affairs HE Sheikh al Thani Mohammed bin Abdulrah- man al Thani has said. Qatari aid disbursement to 60,000 “In the past three years, SoftBank’s Vision Fund. Sheikh Mohammed said we invested more in funds, There are already signs that alongside a focus on poor Gaza families to begin today but now we have been more of renewed confidence in its technology, healthcare and active in the direct invest- approach, after the QIA last industrial companies, the ment,” Sheikh Mohammed, month led a $500m equity fi- QIA is also increasing its QNA who is also the Chairman nancing for SoFi, a US digital weightage to North America GAZA of QIA, told the Financial lender. and Asia where it was under- Times. “In the past six months, invested. QATAR will start disbursing “The management style at we have been quite active, A previous target of in- financial assistance for 60,000 that time was [that] invest- mainly in North Ameri- vesting $35bn in the US be- needy families in Gaza Strip ing in funds was better; now ca ... we are opportunistic in- tween 2015 and 2020 will be Qatar signs on Thursday. there’s a new management,” vestors, so whenever we see increased by $10bn, he said. This was announced by he said. an opportunity we go for it,” In April, the QIA and US- pact with 20 Chairman of the Qatari Com- The QIA’s new approach said Sheikh Mohammed. based Crown Acquisitions in- mittee for the Reconstruction includes a focus on the tech- “We are still investing vested in properties in New US states of Gaza Ambassador HE Mo- nology sector that could put in Europe, but we are more York’s Times Square and hammed al Emadi. it in competition with Saudi focusing and directing the along Fifth Avenue, including QATAR’S Attorney General In a statement on Wednes- Arabia’s and the UAE’s sov- funds to Asia and the US,” he the St Regis Hotel and luxury (A-G) HE Dr Ali bin Fetais al day, Emadi said an assistance ereign investment funds and added. jeweller Harry Winston. Marri has signed a coop- of $100 for each family would eration agreement with 20 be distributed according to the A total of $6 million has been allocated to states and areas in the US. previously used mechanism help poor families and another $4 million to The agreement aims at long- — through post offices in the implement other sustainable projects that will term strategic cooperation; provinces of the sector. be announced later.” consolidation of efforts to “After examining the mat- Qatar Airways orders five combat transnational crimi- ter with the competent min- — HE Mohammed al Emadi, Qatar’s ambassador nal organisations, terrorism istries and authorities, and in new Boeing 777 freighters and corruption; and effec- order to maximise the benefit other sustainable projects that ficiaries would be through the atar Airways has ordered five new Boeing 777 freighters, the airline tive cooperation among of the Qatari grant funds, $6 will be announced later,” he Ministry of Social Develop- Qsaid on Wednesday. QA Group Chief Executive Akbar al Baker has law enforcement institu- million has been allocated to said. ment, from the approved lists also revealed three new freighter routes -- Hanoi to Dallas, Chicago to tions. PAGE 2 help poor families and an- Emadi pointed out that the that conform to the terms of Singapore and Singapore–Los Angeles–Mexico City. PAGE 10 other $4 million to implement process of selecting the bene- use of the grant. ‘Credible evidence’ links MBS Now, app to help fill car tanks at your doorsteps to Khashoggi’s murder: UN here is “credible evidence” Young Qatari entrepreneur launches ‘WE FILL, Tlinking Saudi Crown Prince Mohammed bin Salman (MBS) fuel delivery app ‘iFuel’ YOU CHILL’ to journalist Jamal Khashoggi’s murder, a UN expert said on SATYENDRA PATHAK Launched with a tag nationals from long queues at line ‘never stop for pet- Wednesday, calling for sanc- DOHA petrol stations in the country. tions on the prince’s foreign “We take the hassle out rol again, we fill, you assets. The conclusion was IN a first-of-its-kind service in of topping-up your vehicle chill’, iFuel will be com- outlined in a report by the UN Qatar, a young Qatari entre- fuel tank by coming to you. mercially operational special rapporteur on extra- preneur has launched a fuel Thanks to our at home petrol in the next 10 months judicial, summary or arbitrary delivery app, ‘iFuel’, to fill car top-up app, waiting at the gas once all the tests are executions, Agnes Callamard. tanks at customers’ doorsteps station will be a matter of past. conducted and all Callamard, an independent with the help of specifically Book a date that suits you for regulatory approvals human rights expert who does built trucks in different locali- your top-up, leave your vehi- are taken. not speak for the United Nations but reports her findings to ties of the country. cle’s fuel cap open and we’ll it, called on UN Secretary-General Antonio Guterres to initiate Launched with a tag line take care of the rest,” iFuel an international criminal investigation into the case. ‘never stop for petrol again, Co-founder and CEO Nasser “We want to be fully con- She told reporters in Geneva it was clear “the execution we fill, you chill’, iFuel will be al Kaabi said while making a fident in the safety of this of Mr Khashoggi was the responsibility of the state of commercially operational in presentation of the innovative service. The trucks will be Saudi Arabia.” Callamard added in her report: “There is the next 10 months once all app in Doha on Tuesday. equipped with fire extinguish- credible evidence, warranting further investigation of high- the tests are conducted and Providing more details ers in the unlikely event of a level Saudi Officials’ individual liability, including the Crown all regulatory approvals are about the viability of the new fire. We will transport small Prince’s.” (AFP) PAGE 7 taken. initiative, iFuel Co-founder amounts at a time, making it One of the eight winners and COO Jamal Khatib said, even safer,” he said. of ‘Al Fikra 2019’ competition “We have got very good re- iFuel Co-founder and CEO Nasser al Kaabi (right) and iFuel Co-founder As per the plan, Khatib conducted by Qatar Develop- sponse from the Ministry of and COO Jamal Khatib with ‘Al Fikra 2019’ award in Doha on Tuesday. said, the service will start with ment Bank, the Qatari start- Energy and Woqod and other four trucks in high traffic ar- up ‘iFuel’ was co-founded by regulatory authority to make vices to develop the iFuel ap- We want to ensure 100 per- eas like The Pearl-Qatar, West NHRC chief calls for stronger UN and Nasser al Kaabi and Jamal the project operational.” plication and we’re currently cent accuracy before mak- Bay and Qatar University. Khatib a few months ago with “We have finalised a deal working on specifically built ing this service operational,” GANHRI strategic coordination (PG 3 ) the aim to spare residents and with Data Line Software Ser- trucks to sync with the app. Khatib said. Continued on page 3 Ô 02 Thursday, June 20, 2019 Contact US: Qatar Tribune I EDITORIAL I Phone: 40002222 I ADMINISTRATION & MARKETING I Phone: 40002155, 40002122, Fax: 40002235 P.O.