ISO 9001:2008 CERTIFIED NEWSPAPER Tuesday 19 February 2013 9 Rabial II 1434 - Volume 17 Number 5615 Price: QR2 Qatari bourse Milan and index rises by Barcelona 0.15 percent meet again Business | 18 Sport | 28 www.thepeninsulaqatar.com [email protected] | [email protected] Editorial: 4455 7741 | Advertising: 4455 7837 / 4455 7780 Sochi Winter Olympics preparations Qatari firms to get 70pc of 2022 Final draft projects: Official DOHA: About 70 percent of 2022 Fifa-related projects will be awarded to local business com- of company munity, Qatar Chamber Director General Remy Rowhani said on the sidelines of Qatar Projects 2013 here yesterday. Qatar is set to spend about QR500bn over the next 10 years to implement a law ready number of mega infrastructure projects to host the World Cup. Meanwhile, Qatar Central Bank New law to match global standards Governor H E Sheikh Abdullah bin Saud Al Thani has forecast that DOHA: A new company law is capital requirement for setting Qatar’s gross domestic product will expected to be announced soon, up a company, whereas under the reach 5.5 percent in 2013. with a high-level legal commit- present law firms need to have at He noted preliminary estimates tee set up by the Ministry of least QR200,000 ($54,938). show that Qatar’s GDP at the cur- Business and Trade submitting Following these objections, the rent prices grew in 2012 by 11 per- the amended draft to Minister ministry decided to seek views of cent to about QR700bn, a strong H E Sheikh Jassim bin Abdul- the private sector, consultancies indication that the local economy Aziz Al Thani yesterday. and other agencies. has entered a point of sustainable After receiving the docu- The Ministry of Business and growth to achieve the aspirations ment, the minister said the new Trade posted the original draft A general view of the Olympic stadium for the Sochi 2014 Winter Olympics in Adler, near Sochi, Russia, of QNV 2030. THE PENINSULA law would meet expectations of of the law on its website and yesterday. Construction will be completed by August 2013, according to organisers. The Sochi 2014 Winter Full reports on page 17 Qatar’s business community. sought public comments and Olympics opens on February 7, 2014. “The new commercial law will suggestions. It received a con- help enhance Qatari companies’ siderable number of suggestions competitiveness and further boost for amendments. The final draft the booming local economy. was drawn up after taking into The proposed law would meet account these suggestions. the demands of the fast changing The draft law will empower global economic and social reali- Qatari companies to face challenges Spanish architect sues Ashghal ties in line with Qatar National of the international market. The Vision 2030”. ministry will review procedures BY ISABEL OVALLE Cole, a member of the Barcelona abysmal quality of the falsifica- warnings, to be replied to in 20 The original draft law, before the issuance of the law, Design Centre (BCD in Spanish), tions can cause traffic accidents days. “Notice of the lawsuit was released last month, received the minister said. He expressed DOHA: A Spanish architect a non-profit foundation created due to dazzling or the detach- due to be served through the mixed reactions. While legal appreciation for all individuals and has filed a lawsuit against in 1973 to promote design and ment of their components,” said Ministry of Foreign Affairs and professionals, businessmen and institutions that had submitted the public works authority, innovation. the BCD. the Spanish Embassy in Qatar,” investors were all praise for the comments and suggestions. Ashghal, on grounds of alleged The BCD, which is support- After six years of attempts to reported Spanish daily ABC. initiative, private companies and The existing company law is infringement of patent rights ing the architect in the legal reach an amicable agreement Beth Galí was born in Barcelona the Qatari business community eight years old and the ministry in the design of lampposts on process, recently issued a press and due to the refusal to arbi- and has received the Chevalier de raised objections regarding some wanted to come out with a fresh Al Waab Street. release widely reported by the tration by the World Intellectual l’Ordre des Arts et des Lettres clauses. The private companies law of international standards. Recently, a court in Barcelona Spanish media, saying that with Property Organisation (WIPO), medal awarded by the French noted that they should have been The original draft had 340 arti- admitted the lawsuit, filed last its alleged counterfeits, Ashghal the courts of Barcelona have government, among other recog- consulted by the authorities cles divided into 13 chapters and June by architect Elizabeth Galí, could have caused moral dam- admitted what could be one of nitions, and has been guest pro- prior to drafting the law. was drawn up by a committee of for breach of patents in produc- age to the architect and sub- the biggest lawsuits for piracy,” fessor in numerous institutions, Qatar Chamber, which held a experts from various ministries ing and installing street lights stantial financial damage to the the non-profit foundation added, including Harvard University. meeting to discuss the new law, and government agencies. It was identical to the one designed by company. as reported by Spanish newspaper The firm she heads has designed described the original draft as prepared in consultation with her. In addition, the foundation said La Vanguardia. private and public buildings in “vague” and ‘confusing’. One of competent agencies, including The patent for the lights, it was worried about the safety of According to these reports, the Spain, Germany and Italy, among the key objections to the new law international legal consultancies. called Latina, is claimed by the people due to the alleged coun- court has served notice of the law- other places. was that there was no minimum THE PENINSULA Spanish company Santa and terfeiting of street lamps. “The suit, with the legal cautions and THE PENINSULA Clashes in Hebron Time to refer UAE to grant Bahrain $2.5bn Syrian crimes for development projects to ICC: UN team DUBAI: The United Arab Emirates will grant Bahrain $2.5bn GENEVA: United Nations inve- for development projects in the Gulf Arab state, part of a regional stigators said yesterday that funding programme implemented after a pro-democracy uprising Syrian leaders they had identi- in 2011, Bahrain’s state news agency reported. The money from fied as suspected war criminals the UAE, to be disbursed on an annual basis over the next 10 years, should face the International would finance projects in housing, electricity, water, infrastruc- Criminal Court. The investi- ture and social services, the Bahrain News Agency (BNA) said. gators urged the UN Security Wealthier Gulf Arab neighbours pledged in March 2011 to each Council to “act urgently to extend $10bn over 10 years to Bahrain and to Oman to ease ten- ensure accountability” for viola- sions and support economic development in the two states. Bahrain tions, including murder and tor- said last June that it had not yet received any of the pledged money, ture, committed by both sides and it was unclear when the funds would start to flow. in a conflict that has killed an estimated 70,000 people since a Tunisia PM fails to get new cabinet revolt against President Bashar Al Assad began in March, 2011. TUNIS: Tunisia’s main political parties failed to agree on forming “Now really it’s time,” Carla del a non-partisan cabinet to tackle turmoil triggered by the assassi- Ponte, a former ICC chief pros- nation of an opposition leader, Prime Minister Hamadi Jebali said ecutor, said here. yesterday. But he said efforts would continue to form a government Full report on page 10 Palestinians throw stones at Israeli troops during clashes that broke out after a rally in the West Bank city of supported by most parties in the North African state that spawned the slew of popular uprisings against dictatorship across the Arab Hebron to show solidarity with prisoners on hunger strike in Israeli jails, yesterday. world two years ago. “The initiative for a cabinet of technocrats did not receive full political consensus and has failed...But work is con- tinuing with all parties to form a government which has the agree- ment of most of the political parties,” Jebali told a news conference. Facility in Wakra to deal with domestic abuse Full report on page 10 UAE to buy Predator drones DOHA: The Qatar Foundation women and children reported from facilities are where victims go for an overload of abuse cases at the for Protection of Women and places outside Doha. Hospitals are help. We can get reliable reports foundation’s office at HGH. ABU DHABI: The United Arab Emirates has signed defence con- Children (QFPWC) has opened the primary sources to learn about from these sources because doc- Procedural delays in handling tracts worth Dh5.2bn ($1.4bn), including one for unmanned aerial an office in Wakra Hospital to these incidents,” QFPWC Director tors and administrative staff also abuse cases are said to be the main drones, a spokesman for the country’s military said. The largest deal with the increasing cases of Fareeda Al Obaidli said. collect and record evidence in reason for not being able to provide deal, worth Dh1.4bn, was for 750 mine-resistant, ambush-protected, domestic violence and abuse in From January 1 to September cases of abuse,” Al Obaidli said. help to victims on time. Apart from all-terrain vehicles from Oshkosh Corp. The UAE’s armed forces the country.