BUSINESS | Page 1 SPORT | Page 1 Qatar’s Abdulla seals T3 Qatar’s merchandise trade balance ‘to scale victory in up to $53.4bn in 2023’ Dubai published in QATAR since 1978 SUNDAY Vol. XXXX No. 11118 March 10, 2019 Rajab 3, 1440 AH GULF TIMES www. gulf-times.com 2 Riyals In brief Sheikha Moza crowns CHI Al Shaqab winner Education can QATAR | Visit Libyan premier transform arrives in Doha Libyan Prime Minister of the Government of National Accord Fayez al-Serraj arrived in Doha societies, says yesterday on a working visit. He and the accompanying delegation were greeted upon their arrival at Hamad International Airport by HE the Minister of State for Foreign Sheikha Moza Aff airs Sultan bin Saad al-Muraikhi and the Libyan charge d’aff aires in Qatar Khalid Abdullah Mazuz. O Silatech leading eff orts to portunity by which they can be active connect young people with in their societies and practise the art of QATAR | Hospitality citizenry that we taught them during employment opportunities their schooling.” Msheireb Downtown’s Replying to a question about Silate- fi rst hotel opens ducation has the power to trans- ch’s contribution, Sheikha Moza said Msheireb Properties celebrated form lives and societies but edu- the organisation (Silatech) is working yesterday the opening of Mandarin Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation for Education, Science and Community Ecated young people have to be to fi ll certain gaps. “The problem is that Oriental, its first hotel in the Development, crowned yesterday Pieter Devos, winner of CHI Al Shaqab International Equestrian Competition. President of provided with decent work and em- some of these young people lack skills Msheireb Downtown project. Qatar Olympic Committee (QOC) HE Sheikh Joaan bin Hamad al-Thani crowned second place winner Nicola Philippaerts, while ployment, Her Highness Sheikha Moza that really can allow them to fi t in an Acting CEO of Msheireb Properties Alistair Routledge President and General Manager for ExxonMobil Qatar crowned third place winner Emanuele Gaudiano. bint Nasser has said. ever-changing market, so Silatech is Ali al-Kuwari expressed his delight PICTURE: AR al-Baker Page 24, Sport Page 7 Five million young people will be training these young people to be em- with the opening of the hotel in entering the job market every year for ployed. Doha, noting that it is the first for the next fi ve years in the Middle East, “So we help them with their em- Mandarin Oriental in the Middle a region already struggling to create ployability, also train them to be entre- East. He added, in remarks made enough jobs for its youth. The IMF es- preneurs. We provide them with loan on the sidelines of the opening, timates 27mn young people will soon guarantees and try to instil in them that the hotel is a partnership be looking for work. their self-confi dence to see themselves between Msheireb Properties Expansion in petrochemicals, One organisation, Silatech (Arabic as productive citizens. and Mandarin Oriental, a leading for ‘your connection’), is leading ef- “We also help certain governments hospitality company. The luxurious forts to connect young people with em- to change certain mindsets, certain hotel is close by to the major ployment opportunities in places such policies to create this ecosystem, by roads of Doha, with its location fertilisers possible: IQ offi cial as Yemen, Somalia and Palestine. which young people can excel or prac- chose after careful examination. Her Highness Sheikha Moza is Si- tise this good citizenry.” Al-Kuwari said that the Msheireb By Peter Alagos chemical segment reported a QR5.8bn latech’s founder and chairperson. She Downtown project has a total Business Reporter revenue in 2018 – a QR0.3bn year-on- is also Chairperson of Qatar Founda- “So we help them with their investment of QR20bn. Page 24 year increase or 5% over 2017 that was tion (QF) and a UN Sustainable Devel- employability, also train primarily driven by the improved sales opment Goals Advocate. them to be entrepreneurs. LATIN AMERICA | Accident ndustries Qatar’s (IQ) investments volumes. Sales volumes in 2018 showed Last week in Geneva, Sheikha Moza We provide them with loan 12 dead in Colombia abroad, if any, will be in petro- a slight growth as the group’s polyolefi n announced an ambitious new target: to guarantees and try to instil Ichemicals or fertilisers according facilities returned to normal produc- connect 5mn young men and women in them their self-confi dence plane crash to a senior offi cial. tion levels following the unplanned with jobs by 2022. to see themselves as A plane crash in Colombia killed Qatar Petroleum Privatised Compa- outage in the fi rst quarter of 2017. Al Jazeera’s Adrian Finighan spoke productive citizens” 12 people yesterday, aviation nies Aff airs manager Mohamed Jaber A Fuel additive sales, on the other with Sheikha Moza about her new ef- and emergency services said. al-Sulaiti said petrochemicals or ferti- hand, remained relatively unchanged forts in job creation. On Silatech’s participation in the The Douglas DC-3 aircraft, a lisers may form the bulk of IQ’s invest- on last year, as fuel additive plants Asked how Silatech is utilising the UN’s Sustainable Development Goals twin-engine propeller plane that ments abroad as part of the group’s operated throughout the year with no opportunities provided by education (SDG) project, Sheikha Moza said the was first produced in the 1930s, plans to “selectively invest in capital shutdowns. The slight increase in the and the challenges faced, in particu- organisation “actually tackles many of crashed in the centre-east of the investment projects.” Mohamed Jaber A al-Sulaiti prices of the products has marginally lar in the Middle East North Africa the SDGs, so from poverty to decent country on a flight between the As the holding entity of Qatar Petro- contributed towards the growth in the (Mena) region, Her Highness said she work, to gender equality to partner- towns of San Jose del Guaviare chemicals, Qatar Fertiliser, and Qatar tilisers,” he pointed out. revenue, the report continued. was really a great believer in educa- ship, we connect these young people to and Villavicencio. “Unfortunately Steel, IQ is currently looking at projects In its report, the board of direc- Revenue in the fertiliser segment tion. “I believe in the power of educa- jobs or train them to be entrepreneurs. there were no survivors,” the across the globe, including many ef- tors said stable production, record amounted to QR4.7bn in 2018 – a tion in transforming lives and societies. Their families also can benefi t from Aeronautica Civil aviation fi ciency projects in terms of facilities sales volumes, modest improvement QR0.7bn increase of QR 0.7bn or 19% Education is the basic building block these businesses or these jobs, and authority said. expansion and capacity increase across in product prices, and the group’s versus 2017, which was primarily driv- for human development; it is the base their society.” the group, al-Sulaiti said. continued focus on cost optimisation en by a notable price increase in both where young people can learn their Sheikha Moza continued: “We are AMERICA | Offb eat “Our international investments, if and effi ciency improvements were the ammonia and urea. skills, their knowledge, the art of citi- in a way activating business in the any, are going to be limited to either main factors that helped the group Fertiliser prices remain bullish in the zenry, and also they will construct their whole community. And also we work No kidding! US town petrochemicals or fertilisers,” he told achieve “commendable results.” second half of the year due to rising en- fi rst world view.” in partnerships. We have international elects goat as ‘mayor’ reporters on the sidelines of IQ’s annual “Product prices across the group ergy costs and tight supplies. The group But she said education alone is not partners, regional partners and also lo- In a divided America where politics general assembly, which was presided have shown modest improvement was able to increase the production enough. “We need to follow that with cal partners. Local partners for us are seems increasingly to get people’s over by HE the Minister of State for En- versus last year. Petrochemical prices, yield in the fertiliser facilities despite decent work and employment. We very essential because they’re the ones goat, a small town in Vermont has ergy Aff airs Saad bin Sherida al-Kaabi, particularly the prices of fuel addi- an increase in the unplanned outage failed to provide our young people with who can lead us towards the right pro- taken the concept to heart — this who is also QP president and CEO. tives, have improved moderately on days and maintained the sales volumes the right environment - economic, grammes. week electing one as “mayor”. He In terms of steel production, al-Su- the backdrop of a notable increase in in the current year, it was reported. social and cultural environment - for “There’s no one-size fi ts all, so we may be a political novice but the laiti said the Qatari demand “currently crude oil prices during most of 2018. The steel segment closed 2018 with their prosperity and their hope. really need to make sure that what goat’s name, Lincoln, brings with it accounts for 60%” of the capacity of “Fertiliser prices have improved due revenue of QR5.8bn, a signifi cant in- “We have a very young population. we’re off ering is appropriate and ad- a storied pedigree. And the leading Qatar Steel, while the remainder of the to rising energy costs and a scarcity of crease of QR1.2bn or 25% versus 2017.