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Page 01 Dec 25.Indd ISO 9001:2008 CERTIFIED NEWSPAPER Wednesday 25 December 2013 21 Safar 1435 - Volume 18 Number 5924 Price: QR2 Oil rises on Hosts Qatar South Sudan aim to end supply cut WAFF drought Business | 17 Sport | 28 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 17,000 Qataris Deadly mishap in Turkey eligible for free shares MPHC IPO to open from Dec 31 DOHA: Some 15,000 Qataris — culture in a largely consumerist including widows, orphans and society. “Qataris are quite accus- the elderly people — who get tomed to selling shares they are state dole and 2,000 Qatari peo- allotted via state-sponsored IPOs ple with special needs are eligi- immediately after listing due to a ble to be allotted 750 shares free wider price difference,” an analyst as part of a state-sponsored ini- said asking not to be named. tial public offering (IPO) being This time, however, the state launched soon. has taken two major steps to Mesaieed Petrochemical make sure people retain the Holding Company (MPHC) is all shares over the long-term (five set to float the low-priced initial to 10 years) for capital gains and public offering (IPO) that will regular dividend income. be open for subscription from “One of them is that half of the December 31 until January 21, shares allotted as part of the IPO 2014. According to lawyer and to a minor will be frozen and will financial expert, Abdullah Taher, not be listed on the bourse for considering that the Qatari popu- trading so no one can sell until Ten people were killed when a navy tug keeled over near the Turkish port city of Izmir on Monday. The boat met with the accident after being released lation is 300,000 and each one of the owner attains the age of 18,” from a navy shipyard where it had undergone repairs. them applies for subscription to said the analyst. the IPO (priced at QR10.20), each Talking of the second step, the would get 1,077 shares on offer analyst said: “If an owner retains via the IPO. And if only 250,000 half the allotted the shares for five Qataris apply for subscription, the years, he gets bonus at the rate of number of shares will be slightly five shares for every 10 held.” Thousands killed in South Sudan: UN up to 1,292 shares, Taher said. And if the shares (half of Only Qatari individuals are the originally allotted ones) JUBA: Thousands of South celebrated yesterday the impor- The official toll nationwide said in a statement. The unrest entitled to apply for subscription are retained over another five Sudanese have been killed in tant and strategic recapture has stood at 500 dead for days, has taken on an ethnic dimension, as Qatari companies and institu- years after that, the owner gets over a week of violence with of the key town of Bor after a although numbers are feared to be pitting Kiir’s Dinka tribe against tions have this time been barred another five shares for every 10 reports of bodies piled in mass nearly week-long rebel occupa- far higher, aid workers say. the Nuer tribe to which Machar from benefiting from the state held. At the end of 10 years, then, graves, the UN said yesterday, tion, although large areas remain Witnesses that AFP has spo- belongs. largesse. an owner gets a bonus share for amid ongoing battles in the out of their control. ken to recount a wave of atroci- UN chief Ban Ki-moon has The last such IPO was launched every share held. young nation threatening to Earlier, UN rights chief Navi ties, including an orchestrated warned reports of crimes against by the state 10 years ago, in 2003, Owners will be eligible to get slide into civil war. Pillay said a mass grave had been campaign of ethnic mass killings humanity will be investigated, when Industries Qatar, holding the bonus shares over the next The top UN humanitarian chief found in the rebel-held town of and rape. In a Christmas mes- as well as asking the Security company for state-owned cement, five and 10 years if they retain in the country Toby Lanzer said Bentiu, while there were “report- sage to the people, Kiir said that Council to nearly double the size steel and petrochemical compa- at least 50 percent of the shares yesterday there was “absolutely edly at least two other mass “innocent people have been wan- of the UN mission in the coun- nies, offered low-priced shares to allotted to them as part of the no doubt in my mind that we’re graves” in the capital Juba. tonly killed”, warning the violence try. However, Machar said for Qatari individuals and entities via IPO. Taher said that his advice into the thousands” of dead, the The grim discovery follows risked spiralling out of control. the first time yesterday that he a mega IPO. to fellow Qataris is that if some first clear indication of the scale escalating battles between troops “There are now people who are was “ready” to accept Kiir’s offer The MPHC IPO, according to of them do not have enough cash of conflict and ethnic violence loyal to President Salva Kiir and targeting others because of their of talks, suggesting neighbouring stock and financial analyst, Bashir to apply for subscription, they engulfing the world’s youngest those backing his rival Riek tribal affiliation... It will only lead Ethiopia as a neutral location. Al Kahlout, is different because should take a bank loan. country. Machar, a former vice president to one thing and that is to turn AFP it aims at promoting a savings THE PENINSULA However, the government also who was sacked in July. this new nation into chaos,” Kiir See also page 8 Egypt police Weather woes hit UAE frees Qatari arrest former national’s son DOHA: The UAE authorities Christmas travel have released a son of a Qatari PM Qandil national who was earlier this CAIRO: Egyptian police PARIS: Gale-force winds and morning, according to power sup- year detained at Dubai airport arrested yesterday Hisham pounding rain yesterday lashed plier ERDF. for his alleged links to a banned Qandil, who was prime min- Britain and France, killing Ferry services in parts of the local social organisation. Abdul ister under deposed Islamist at least five people, disrupt- northern Netherlands were dis- Rahman Al Jaidah, son of Dr president Mohamed Mursi, the ing Christmas travel and leav- rupted and a number of buildings Mahmoud Al Jaidah, was taken Interior Ministry said. ing tens of thousands without have been damaged, including into custody by the UAE author- The ministry said he was power. the PSV football stadium in the ities after an alleged brawl arrested in the desert outside In Britain, three people died southern city of Eindhoven. with security officials outside Cairo with a “smuggler attempt- in pre-Christmas storms, includ- Britain’s Environment Agency the court premises on Monday ing to escape to Sudan,” south of ing a man in Devon, southwest has 276 flood alerts and 162 more during his father’s hearing. Al Egypt. England, who jumped into a fast- severe flood warnings in place, Sharq reported yesterday quot- During his time in office, a flowing river to rescue his dog, almost 120 of which are in south- ing friends of Al Jaidah fam- court had sentenced Qandil to a police said. Two other deaths west and southeast England. The ily here that Abdul Rahman year in prison for not carrying were in car accidents linked to Highways Agency has warned of was back in Doha after being out a ruling to re-nationalise a bad weather. dozens of road closures and local- released. THE PENINSULA company that had been privatised A Russian sailor was also ised flooding. in 1996. feared dead after falling over- The French weather service A Cairo appeals court upheld board from a damaged cargo ship had put 23 of the country’s 96 Snowden says the sentence in September. off the northwest French coast metropolitan departments on An unpopular prime minister, about 220 kilometres from Brest. orange alert — its second-high- mission over Qandil kept a low profile after Rescue workers called off their est level — for high winds and Mursi’s overthrow by the mili- search late on Monday. waves. By yesterday afternoon WASHINGTON: The whistle- tary in July. In another incident, Swiss the number affected had dropped blower Edward Snowden has He represented an alliance sailor Bernard Stamm and to 16. declared “mission accom- of pro-Mursi Islamist groups in Frenchman Damien Guillou were London’s Gatwick Airport plished”, seven months after meetings with European media- rescued from their racing yacht was expecting disruptions, with revelations were first published tors who tried to defuse ten- by a Norwegian vessel. Their some flights likely to be diverted from his mass leak of National sions with the military-installed boat had been damaged by huge to other airports, and Heathrow Security Agency documents. government. waves and Force 10 winds off the Airport warned of problems and The documents, which were The efforts failed in August, British coast, French maritime urged passengers to check flight passed to the Guardian, as well with the police launching a mas- officials said. details. Flights to and from the the Washington Post and other sive crackdown that killed more A total of 145,000 French northern French city of Lille were publications, revealed how the than 1,000 people in street clashes homes, mainly in the northwest- cancelled yesterday due to strong US surveillance agency spied and imprisoned thousands, Stranded passengers at Waterloo train station in central London as train ern region of Brittany, were with- winds but resumed later.
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