BUSINESS | Page 1 SPORT | Page 8 Al Jazi completes hat-trick of INDEX DOW JONES QE NYMEX QATAR 2, 16 COMMENT 14, 15 Siemens Gamesa wins for Al REGION 3 BUSINESS 1–8 wins Turkey’s fi rst 22,092.81 9,313.49 49.51 ARAB WORLD 3 CLASSIFIED 5, 6 +66.71 -156.10 +0.48 INTERNATIONAL 4–13 SPORTS 1–8 wind power auction Shaqab +0.30% -1.65% +0.98% Latest Figures published in QATAR since 1978 SATURDAY Vol. XXXVIII No. 10536 August 5, 2017 Dhul-Qa’da 13, 1438 AH GULF TIMES www. gulf-times.com 2 Riyals NYC yellow cabs hail Qatar Two months In brief on, spirit of QATAR | Imports Turkey discusses trade solidarity routes with Qatar Turkish Economy Minister Nihat Zeybekci yesterday said Ankara, Doha and Tehran hoped to reach a tripartite agreement on transporting Turkish products prevails to Qatar in a practical and cost- effective way, the official Qatar News Agency reported. “We’re thinking about alternatives for land trade routes with Qatar,” Zeybekci told Anadolu Agency. He across Qatar said using cargo planes to carry New York’s yellow cabs carry a message of solidarity with Qatar. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt Turkish products to Doha was not imposed the unjust blockade on the country on June 5. People have grown taining stability in the country and en- sustainable. “Shipment by sea will more aware of the wisdom suring welfare of the people. gain importance. We foresee that At the same time, a number of Qa- at least four large tonnage ships of their leadership taris said their confi dence in the block- would go to Qatar monthly but Qataris say confidence ading countries has ebbed and it may the land route is an alternative in the blockading not return to pre-siege levels. for carrying flexible and smaller This despite the fact that people packages,” Zeybekci added, noting Blockade catalyses hostile countries has ebbed from the GCC states considered the that the easiest option is sending region as one family with mutual inter- these packages through Iran. eople in Qatar have reiterated ests and a shared destiny. their fi rm support for the country Nasser al-Swaidi, a citizen, said the AMERICA | Technology Pas the blockade imposed by the blockade has made all inhabitants of political climate: USQBC Saudi-led group completes two months. Qatar put up a united stand in support Apple to launch watch Citizens and expatriates from diff er- of the country, and everyone is right that can make calls Council says there report secondary boycott requests may US anti-boycott laws establish the ent walks of life have come together to behind the country’s wise leadership. Apple Inc plans to release a version are rumours that the result in signifi cant civil/criminal pen- principle that US businesses should not express solidarity with the leadership, “Our morale is high and we are ready of its smartwatch later this year alties,” it stressed. participate in foreign boycotts that are whose decisions and actions ensured to withstand the blockade forever, de- that can connect directly to cellular embargoing bloc will try The white paper serves to educate not sanctioned by the US. The laws pre- that the initial challenges posed by the fending our sovereignty and independ- networks, Bloomberg reported to pressure US businesses and inform US businesses on the vital vent US companies from engendering siege were quickly overcome. ence,” he said. yesterday, citing people familiar to diminish or cease US-Qatar trade relationship, current US themselves to foreign policy objectives The steps taken to retain normalcy He also pointed that people’s aware- with the matter. Some of the new anti-boycott laws and applications for that run counter to US interests abroad. across social, economic and other ness about local investments in many models for the Apple Watch will operations with Qatar the Gulf crisis, navigating potential sec- The economic boycott of Qatar has spheres of life included various meas- fi elds, whether small or big projects, be equipped with LTE chips and ondary boycott requests, reporting and highlighted the relevance of US anti- ures taken through co-ordination has gone up and youngsters too have be able to perform many tasks he blockade imposed on Qatar by disclosure regimes and penalties, and boycott laws in 2017, the USQBC said. among ministries, government agen- started to look for such opportunities. without needing an iPhone to be in Saudi Arabia, the UAE, Bahrain applicable resources and assistance for “There have been rumours circulating cies, private entities and individuals. Meshaal al-Ahbabi said the blockade range, the Bloomberg report said. Tand Egypt has catalysed a hostile US businesses. that the embargoing bloc will attempt Speaking to local Arabic daily Ar- enhanced the importance of local prod- Currently, the Apple Watch needs political climate in the Gulf region and “As Qatar’s largest foreign investor to pressure US businesses to diminish or rayah, a number of citizens expressed ucts and the need to look for alternative to be connected to an iPhone to instigated rumours of an impending and its single largest source of imports, cease operations with Qatar or Qatari- pride in the spirit of solidarity that has sources to procure various items. Key send messages, get directions secondary boycott campaign, the US- the US has developed a robust trade re- owned businesses,” it explained. prevailed across the country since the measures have been implemented suc- from maps and stream music. Intel Qatar Business Council (USQBC) has lationship with Qatar, with over 120 US “Secondary boycott demands may blockade began on June 5. cessfully by the government in this re- Corp will supply the LTE modems said, off ering a guide to American busi- companies operating in-country,” the not be in the form of enacted laws, but This unity has, in fact, grown strong- gard. Besides, the people’s expression of for the new watch, according to nesses on how to deal with the situation white paper noted, highlighting US- rather in the form of private conversa- er with every passing day, they said. love and support for His Highness the Bloomberg. and navigate the GCC crisis. Qatar trade relations. tions between foreign businesspersons The blockade has opened people’s Emir Sheikh Tamim bin Hamad al-Thani Secondary boycotts in the context of US exports to Qatar include aircraft, and their corresponding US counterpart. minds to new opportunities for the through their comments on ‘Tamim Al PAKISTAN | Politics international commerce refer to an at- machinery, vehicles, optical and medical They may also be referred to directly or country, especially in terms of business Majd’ murals has drawn global attention. tempt by a foreign government to infl u- instruments, and agricultural products. indirectly via purchase orders and other and investment, according to them. Ahmed al-Muhannadi stressed that New prime minister ence the actions of a company operating US imports from Qatar include liquefi ed export/import forms or requirements.” The siege has opened up various av- the blockade has revealed the real place Abbasi forms cabinet in another country by exerting econom- natural gas, aluminium, fertilisers and US law requires American business enues in sectors such as food, building of Qatar in the world and the support it Pakistan’s new Prime Minister ic or political pressure for that company sulphur. The US and Qatar have signed a operators to report such requests to the materials, services, agriculture and has got around the world. Shahid Khaqan Abbasi yesterday to cease business operations with or trade and investment framework agree- Department of Commerce’s Bureau of others, they point out, noting that the The fabrications and false accusa- formed a cabinet filled with allies within a third country, according to a ment and host annual bilateral econom- Industry and Security’s Offi ce of Anti- government has provided support and tions against Qatar have fallen apart, of toppled leader Nawaz Sharif, in white paper issued by the USQBC. ic and investment dialogues. boycott Compliance (https://www. facilities for potential investors to start exposing the falsehood of the countries a reshuff le that appears aimed at In the ongoing Gulf crisis, this sce- Qatar plans to invest $45bn of its sov- bis.doc.gov/index.php/enforcement/ the production of diff erent types of that have imposed the blockade. bolstering support ahead of general nario refers to foreign governments at- ereign wealth fund in the US by 2021, the oac?id=300), the council informed, items as soon as possible. The blockade experience has further elections due in mid-2018. Ishaq Dar, tempting to exert pressure on American white paper states, adding that in 2016, adding that it would be in discussion Similarly, people in the country have proven that everyone living in Qatar a powerful finance minister, returns companies to cease business operations Qatar’s purchase of $12bn in F-15 fi ght- with relevant government agencies to grown more aware of the wisdom of has tremendous love for the country in the same role, despite a criminal with Qatar or Qatari-owned businesses, ers was approved by Congress. Also, Qa- ensure that companies had the right re- their leadership and government in and are ready to exert more eff orts to investigation ordered against him the council has said. “Secondary boy- tar announced an $18bn worth of Boeing sources for reporting secondary boycott handling tough and unanticipated sit- enhance its position, according to citi- by the Supreme Court. Another cotts are against US law, and failure to commercial jets. requirements.