www.thepeninsula.qa Thursday 25 June 2020 Volume 25 | Number 8299 4 Dhul-Qa'da - 1441 2 Riyals BUSINESS | 01 PENMAG | 03 SPORT | 08 Merger was a Classifieds Al Sulaiti sets smooth affair: and Services pace in first Barwa Bank section race against Chairman included Leopard Racing Fitch affirms Qatar rating Amir directs at 'AA-'; outlook stable to send THE PENINSULA — DOHA of liquidity injections by the medical aid QCB, stock market invest- Global rating agency Fitch has ments by government funds, to Belarus affirmed Qatar’s Long-Term support to businesses through Foreign-Currency Issuer loans and guarantees by Qatar QNA — DOHA Default Rating (IDR) at ‘AA-’ Development Bank, and post- with a Stable Outlook. Qatar’s ponement and suspension of Amir H H Sheikh Tamim ‘AA-’ ratings reflect a strong fees and taxes by the bin Hamad Al Thani has sovereign net foreign asset government. directed sending medical position, one of the world’s “We estimate that only assistance to the Republic highest ratios of GDP per around one to two percent of of Belarus as a support from capita and a flexible public GDP of the stimulus package the State of Qatar for the finance structure allowing for is budgetary, and this will be efforts of Belarus in favourable debt dynamics and offset by spending cuts else- combating the novel coro- a robust response to limit the where”, the rating agency navirus (COVID-19) fiscal impact of the corona- said. The banking sector is an pandemic. virus pandemic, the rating integral part of Qatar’s eco- agency noted yesterday. nomic model and the sov- The Fitch Ratings esti- ereign has an extensive record People undergoing mates that Qatar’s fiscal of supporting it. break-even oil price will Bank profitability and Deputy PM meets Special Envoy of Russian drive-through test average $48/bbl in 2019-2021, capitalisation before the pan- one of the lowest among demic were sufficient to won’t get grey Fitch-rated energy exporters. absorb some worsening of President to Middle East, African Countries colour in Ehteraz It noted that the Qatari asset quality. Deputy Prime Minister and Minister of State for Defence Affairs, H E Dr. Khalid bin Mohamed Al Attiyah, government and Qatar Central The government’s strong QNA — DOHA met yesterday with Special Envoy of the Russian President to the Middle East and African Countries Bank (QCB) are implementing overall asset position miti- a QR75bn or over 10 percent gates some of the risks from and Deputy Foreign Minister of the Russian Federation, H E Mikhail Bogdanov. During the meeting, Primary Health Care Corpo- of GDP, as stimulus package. contingent liabilities. `P2 they reviewed bilateral relations between the two friendly countries and means of enhancing and ration (PHCC) has confirmed This is mainly consisting FULL STORY ON BUSINESS P1 developing them. that people who undergo testing at COVID-19 drive- through testing centers will not get grey colour in Ehteraz Cabinet okays 50% staff at workplaces from July 1 application, as the colour will remain green after taking the medical swab. QNA — DOHA laws: 1- A draft law amending PHCC has established Prime Minister and Minister of Interior H E Sheikh some provisions of Law No. 1 of three COVID-19 drive-through The Cabinet yesterday decided Khalid bin Khalifa bin Abdulaziz Al Thani chairs 1986 on the registration of testing centers in Al Waab, Al to allow maximum 50 percent pharmaceutical companies and Thumama, and Leabaib, workforce at workplace in the regular Cabinet meeting through video com- their products. 2- A draft law adding that only those who are government and private sectors munication technology. amending some provisions of invited are examined, as this from July 1, 2020. Also as per Law No. 12 of 2006 regarding service is not available to the Cabinet’s new decision, private Cabinet affirms to continue the application of the the cancelled Municipality of public and it is limited only to health care providers will also precautionary measures and procedures taken in Mesaieed. those who meet the agreed Second: be able to work with 60 percent order to combat the pandemic. It approved the national standards, as exami- capacity from July 1. draft Cabinet decision to form nation will be conducted only Prime Minister and Minister the National Counter Terrorism for cases that have received of Interior H E Sheikh Khalid Cabinet allows private healthcare providers to operate at 60% of capacity Committee and define its work the invitation. bin Khalifa bin Abdulaziz Al from July 1, while continuing to provide emergency services. and remunerations. The prep- Director of Cancer Early Thani chaired yesterday the aration of the draft resolution Screening Program at the regular Cabinet meeting Draft Cabinet decision to form the National Counter Terrorism Committee comes within the framework of PHCC, Dr. Sheikha Abu through video communication and define its work and remunerations also approved. updating legislation and Sheikha, said in response to technology. Following the replaces Cabinet Decision No. some inquiries regarding meeting, Minister of Justice and 7 of 2007 on the establishment examination from inside the Acting Minister of State for of the National Counter Ter- vehicles, where some indi- Cabinet Affairs H E Dr. Issa bin Cabinet decided the following: of the total number of workers requirements, precautionary rorism Committee. viduals who are over 50 years Saad Al Jafali Al Nuaimi stated It decided to amend its decision work in offices, and the rest measures and procedures and The draft stipulated that the of age or who have a chronic the following: regarding reducing the number work remotely from their controls determined by the National Counter Terrorism disease are contacted to take At the beginning of the of employees present in the homes. It decided to amend its Ministry of Public Health. Committee shall be formed of their samples. She added that meeting, the Cabinet heard a workplace of government decision regarding the sus- The competent authorities two representatives from the the persons who are invited to presentation by H E the Minister entities, allowing — as needed pension of medical services in — each in its jurisdiction — shall Ministry of Interior, one of the test are concerned about of Public Health on the latest — no more than 50 percent of health facilities, allowing these take the necessary measures in whom shall be the chairman of the possibility of changing the developments to reduce the the total number of employees services to be provided within this regard. This decision is the committee, in addition to a colour in Ehteraz application spread of the coronavirus to work at the workplace, while 60 percent of the capacity of effective as of Wednesday, July representative from each of the from green to grey, stressing (COVID-19). the rest of the employees to private health care facilities, 1, 2020, until further notice. Ministry of Foreign Affairs, the that won’t happen until the The Cabinet affirmed to continue their work remotely while continuing to provide After that, the Cabinet con- Public Prosecution, the State results of the tests appear, as continue the application of the from their homes, or when emergency services. In imple- sidered the topics on the agenda Security Service, and the Qatar the color of the application will precautionary measures and requested, as appropriate. menting the said decision, the as follows: Central Bank. The committee be linked to the result directly. procedures taken in order to It decided to amend its following must be taken into First: It took the necessary shall assume the powers pre- She explained that people combat this pandemic. Within decision to reduce the number account: Continued implemen- measures to issue the following scribed for it in accordance with who won’t come to undergo the framework of the plan to of workers present in the work- tation of the previous excep- draft laws, having reviewed the the provisions of the Counter- tests despite receiving invi- gradually lift the COVID-19 place in the private sector, so tions decided by the Cabinet in recommendations of the Shura Terrorism Law promulgated by tation won’t have any proce- -related restrictions, the that no more than 50 percent this regard. Adherence to health Council regarding the draft Law No. 27 of 2019. `P2 dures against them. Qatar University moves up in rankings for young global varsities THE PENINSULA — DOHA according to the same six indi- Being recognised as one of the cators used for their World Uni- top young universities and Qatar University ranked 21 in the Qatar University (QU) has seen versity Rankings (academic rep- showing improvement year Quacquarelli Symonds (QS) 2021 Top 50 significant improvement in utation, employer reputation, after year in two prestigious international rankings for research citations per faculty reports is a validation of our Under 50 ranking, moving up 10 places young universities. The member, faculty/student ratio, academic integrity and an affir- from the previous year. University ranked 21 in the proportion of international stu- mation to the efforts QU has Quacquarelli Symonds (QS) dents, and proportion of inter- made in our areas of focus such 2021 Top 50 Under 50 ranking, national faculty members), THE as research and international moving up 10 places from the uses a modified version of their competitiveness.” previous year. World University rankings by “If there was any a time in QU also ranked 73rd in the re-calibrating the weightings to which the importance and Times Higher Education (THE) reflect the profile of missions of influence of a highly efficient Young University Ranking, young universities. and committed research uni- meaning it improved six places The performance indicators versity is most apparent, it is from the previous year when it for THE are categorised into five now.