business - the peninsula...2018/11/28 · and north america accounted for more than 40 percent of...

BUSINESSWednesday 28 November 2018

PAGE | 02 PAGE | 05QBA hosts Deputy

PM of Malaysia, discusses ways to

strengthen ties

StanChart weighing a simpler structure to control costs

Asia makes up half

of global growth in

natural gas, 60 percent

of the rise in wind and

solar PV, more than 80

percent of the increase

in oil, and more than

100 percent of the

growth in coal and

nuclear, given declines

elsewhere.

Global LNG trade projected to grow double in size by 2030: IEASATISH KANADY THE PENINSULA

Natural gas is set to become the second-largest fuel in the global energy mix, by overtaking coal in 2030. Industrial consumers make the largest contribution to a 45 percent increase in worldwide gas use.

Trade in liquefied natural gas (LNG) is expected to more than double in response to rising demand from developing econ-omies, led by China.

The “World Energy Outlook 2018” released by International Energy Agency (IEA) noted the movement towards a more interconnected global gas market, as a result of growing trade in LNG, will intensify competition among suppliers while changing the way that countries need to think about

managing potential shortfalls in supply.

In the new policies scenario, rising incomes and an extra 1.7 billion people, mostly added to urban areas in developing econ-omies, push up global energy demand by more than a quarter to 2040. The increase would be around twice as large if it were not for continued improve-ments in energy efficiency, a powerful policy tool to address energy security and sustaina-bility concerns. All the growth comes from developing econ-omies, led by India.

As recently as 2000, Europe and North America accounted for more than 40 percent of global energy demand and developing economies in Asia for around 20 percent. By 2040, this situation will be completely reversed, the IEA report said.

The profound shift in energy consumption to Asia is felt across all fuels and technologies, as well as in energy investment. Asia makes up half of global growth in natural gas, 60 percent of the rise in wind and solar PV, more than 80 percent of the increase in oil, and more than 100 percent of the growth in coal and nuclear,

given declines elsewhere.“Fifteen years ago, European

companies dominated the list of the world’s top power com-panies, measured by installed capacity; now six of the top-ten are Chinese utilities. The shale revolution continues to shake up oil and gas supply, enabling the United States to pull away from the rest of the field as the world’s largest oil and gas producer,” the report noted.

Oil use for cars will peak in the mid-2020s, but petrochem-icals, trucks, planes and ships still keep overall oil demand on a rising trend. Improvements in fuel efficiency in the conven-tional car fleet avoid three-times more in potential demand than the 3 million barrels per day (mb/d) displaced by 300 million electric cars on the road in 2040. But the rapid pace of change in

the passenger vehicle segment (a quarter of total oil demand) is not matched elsewhere.

Petrochemicals are the largest source of growth in oil use. Even if global recycling rates for plastics were to double, this would cut only around 1.5 mb/d from the pro-jected increase of more than 5 mb/d. Overall growth in oil demand to 106 mb/d in the New Policies Scenario comes entirely from developing economies.

In the new policies scenario, a rising tide of electricity, renew-ables and efficiency improve-ments stems growth in coal con-sumption. Coal use rebounded in 2017 after two years of decline, but final investment decisions in new coal-fired power plants were well below the level seen in recent years.

Once the current wave of coal plant projects under

construction is over, the flow of new coal projects starting oper-ation slows sharply post2020. But it is too soon to count coal out of the global power mix: the average age of a coal-fired plant in Asia is less than 15 years, com-pared with around 40 years in advanced economies.

With industrial coal use showing a slight increase to 2040, overall global consumption is flat in the new scenario, with declines in China, Europe and North America offset by rises in India and Southeast Asia.

The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy and demand side management in its ‘world energy outlook’.

QIIB emerges as ‘The Best Islamic Retail Bank in Qatar’THE PENINSULA DOHA

Cambridge IFA has bestowed upon QIIB ‘The Best Islamic Retail Bank in Qatar’ award, one of the prestigious laurels given annually to leading banks in various Islamic finance sectors.

By choosing QIIB for the ward, Cambridge IFA relied on the “efficiency analysis findings” made by the UK Financial Intel-ligence House.

Cambridge IFA confirmed that this analysis was developed and adopted by several aca-demics at the University of Cam-bridge and several reputable international universities.

Jamal Abdullah Al Jamal, QIIB Deputy CEO received the award from Dr. Sofiza Azmi, Chairman, Islamic Retail Banking Awards. The award ceremony was attended by Ali Hamad Al-Msaifri, QIIB Head (Human Resources and Administrative Affairs) and Omar Abdul Aziz Al Meer, QIIB Head (Business Development).

Al Jamal said, “We are so proud to be selected as the best Islamic retail bank in Qatar 2018. We consider this award a recog-nition of our strong efforts in

developing our retail portfolio and offering the best Shari’ah compliant products and services to our valued customers”.

“QIIB’s excellence and quality of its integrated services have resulted in its customer base growing exponentially. To this effect, the bank has opened many branches and introduced alternate channels, which have witnessed enormous devel-opment, thus contributing to meeting the requirements of cus-tomers in the easiest and most efficient way”, he added.

“QIIB has maintained its strong financial performance across its various budget plans. International rating agency Fitch rated QIIB at ‘A’, while Moody’s has given ‘A2’ with a stable outlook. This is a clear reflection of QIIB being recognised by international rating agencies.

“Our strong financial position is primarily due to the fact that we are an integral part of the Qatari banking sector as we derive our strength from the Qatari economy, which is one of the strongest in the region with a competitive edge. This places the Qatari economy at an advanced position globally, as an attractive destination for inter-national companies looking for

Jamal Abdullah Al Jamal (second right), QIIB Deputy CEO, receiving the award from Dr. Sofiza Azmi.

investment and promising opportunities”.

The QIIB Deputy CEO was confident that the QIIB would continue its outstanding per-formance and develop various services and products meant either for individuals or com-panies, while complying with the

appropriate international standards. Established in 1990, as the second Islamic bank in Qatar, QIIB is currently the third largest Islamic bank in terms of assets and market capitalisation.

The Bank started operations in 1991, is listed on the Qatar Stock Exchange and provides

integrated banking services to its customers through a network of branches across Qatar.

It has concluded several regional and international part-nerships and received many awards in recognition of its achievements and outstanding performance.

Knowing more and more only way to combat cybercrimes: ExpertMOHAMMD SHOEB THE PENINSULA

In the rapidly changing IT industry and advancement in digital technology, the nature and characteristics of cyber-crimes and threat perception is also changing with the same pace or even faster, and the efforts made to combat are not adequate, noted an industry expert.

In this fast changing world and dynamic environment the only way to combat the cyber-crimes is to know more and more about the industry and

innovation. “The nature of digital world is changing very fast, and it has changed significantly over the last couple of decades. But we are slow enough to recognise yesterday’s digital world, let alone today’s world,” Shams Hasan, Infrastructure Solutions Manager at Dell told The Peninsula.

Hasan, who is also an expert on artificial intelligence (AI) and automated cybercrimes, explained it with a hypothetical example. He added: “Just imagine a situation where a kid playing in a park with his toy — a robot puppy AI-equipped. What if it gets hacked and takes

the child out of the field.”He said that there instances

of growing number of incidence when AI algorithms have carried out fishing attacks. They are also capable of carrying out deep fake image or video-based hacks and putting out voices on people’s face and compro-mising security.

Providing another instance of fast changing world and the magnitude of the threat it may pose to the society, he cited the example of China which recently launched the world’s first news anchor which is driven by AI, and questioned.

“What if that AI-based news anchor is compromised and broadcasts highly sensitive dis-information or fake news with catastrophic consequences?”

“In every conference on cyber security that I attended, most experts say that we are running behind. If that is true then are we ready for the situation, for the fact it is going to accelerate so rapidly in coming days? It is one of the major concerns for the companies as well as individuals to think about,” he added.

“Then there is a question: How do we prepare for this? So we need to learn more and more with

Shams Hasan, Infrastructure Solutions Manager at Dell. Pic: Abdul Basit / The Peninsula

the same pace, but unfortunately it is not happening.” �P23

New appointment at BarclaysTHE PENINSULA DOHA

Barclays announced that Jean-Damien Marie (pic-tured) has joined as Head of Investments EMEA in Private Bank & Overseas Services.

With over 20 years’ expe-rience in capital markets, asset and wealth man-agement business devel-opment and portfolio con-struction for large asset owners, Jean-Damien brings deep private banking and investment expertise to the team to support the delivery of the high-growth strategy for Private Bank & Overseas Services across the region. He will be responsible for the development and positioning of Barclays as a best-in-class advisory and discretionary manager and as a leading sales, trading and transac-tional idea provider in EMEA and will be based in Geneva.

Jean-Christophe Gerard, Head of Investments, Private Bank & Overseas Services, Barclays, said: “Jean-Damien will play an important role in helping us originate tailored investment solutions that are relevant for our clients.”

Barclays continues to build its investment capabilities in Private Bank & Overseas Services through a focused programme of key hires. Recent hires also include: Ken Sze, Head of Funds and ETFs, and Shenal Kakad, Head of Strategic Solutions Group (SSG) Private Markets.

02 WEDNESDAY 28 NOVEMBER 2018BUSINESS

10,355.67

-0.95 PTS

0.01%

QSE FTSE100 DOW BRENT7,016.85

−19.15 PTS

0.27%

24,619.93

−20.31 PTS

0.082% Dow & Brent before going to press

$51.21

-0.21

MarketWatch

Deputy Prime Minister

of Malaysia, Wan

Azizah Wan Ismail,

affirmed her country’s

keenness to develop

economic relations

with Qatar, pointing

to the multiple visits

organised by business

delegations from

Malaysia to Doha

during this year.

QBA hosts Deputy PM of Malaysia, discusses ways to strengthen tiesTHE PENINSULA DOHA

The members of the Qatari Busi-nessmen Association (QBA) and Qatar Chamber held a meeting with the visiting Deputy Prime Minister of Malaysia, Wan Azizah Wan Ismail, and her accompa-nying ministerial delegation and discussed ways to expand bilateral cooperation and investment in several promising sectors of the two fast growing economies.

The meeting with the high-level delegation from the Southeast Asian country, included Minister of Interna-tional Trade and Industry, Deputy Minister of Foreign Affairs, Deputy Minister of Finance and Deputy CEO of Malaysia Investment Authority, in the presence of Ahmad Fadil Shamsuddin, Malaysia Ambas-sador to Qatar, on the sidelines of her visit to Doha to strengthen bilateral cooperation between the two countries and discuss ways to develop them.

From QBA, the meeting was headed by Sheikh Faisal bin Qassim Al Thani, QBA Chairman, which was attended by Mohamed bin Ahmed bin Towar Al Kuwari, First Vice-Chairman of Qatar Chamber, and other dignitaries and prominent busi-nessmen from Qatar.

Sheikh Faisal welcomed the guests and spoke about the his-torical relations between Qatar and Malaysia. He also praised Malaysia, becoming an i m p o r t a n t i n v e s t m e n t

destination with a strong and diversified economy and the fastest growing economy in the region. Malaysia is also famous for its Islamic banking sector, which ranks the third globally as one of the largest Islamic banking sectors in the world.

Al Kuwari also echoed about the need to strengthen bilateral cooperation and study investment opportunities between busi-nessmen in both countries.

For her part, Wan Azizah (the Deputy Prime Minister) thanked QBA for this meeting and delivered a speech in which she affirmed her country’s keenness to develop economic relations with Qatar, pointing to the mul-tiple visits organised by business delegations from Malaysia to Doha during this year.

She also highlighted the sig-nificant characteristics of the Malaysian Economy and its indus-trial plan where the industrial sector contributes with 36.8 percent of the national income and she stated some of the indus-tries which represent an

important pillar to the Malaysian trade revenues like electronics and electrical appliances, that rep-resents 24.5 percent of the sector.

In addition, Malaysia is famous for the medical tourism sector and most of the hospitals that cater to medical tourists are private sector institutions that follow internationally recog-nized standards in health care.

During the discussion, Nasser Al Haidar, QBA Member, addressed a question to the Malaysian delegation regarding the most important economic sectors in which the Qatari private sector can cooperate with the Malaysian side. The Minister of International Trade highlighted investment opportunities in some promising sectors including the food industry and health and medical tourism sectors.

At the end of the meeting, Sheikh Faisal exchanged with the Deputy Prime Minister, and later she invited Sheikh Faisal and other QBA Members to visit Kuala Lumpur and explore investment opportunities.

Members of the Qatari Businessmen Association (QBA) and Qatar Chamber and other prominent businessmen, standing for a group picture with the visiting Deputy Prime Minister of Malaysia, Wan Azizah Wan Ismail, and her accompanying ministerial delegation, in Doha.

QIB to introduce ‘Instant Financing’ through appTHE PENINSULA DOHA

Qatar Islamic Bank (QIB) has officially announced the launch of ‘Instant Financing’ – the fastest and simplest way to obtain personal financing in Qatar. This innovative and fully-digital new feature allows pre-approved customers to get additional personal financing in a few clicks through QIB’s award-winning Mobile App. QIB is proud to be the first Bank in Qatar to offer a full digital experience to provide financing to its customers and the first Islamic Bank in the world to provide such an end-to-end fully digitized service.

The service enables existing customers of the Bank to get top up financing instantly, in a completely paperless and digital manner without the need to visit the branch. Eligible cus-tomers receive an SMS and/or a notification through their QIB Mobile App. The customers can then follow the simple instruc-tions to enjoy the finance trans-ferred to their account within minutes from the comfort of their home or office in Qatar or while traveling abroad. Within a few simple steps, they can

choose the finance amount, confirm all the finance details, e-sign the required documents, receive instant approval and have the finance amount credited into their account immediately.

Commenting on this new milestone for the Bank, QIB’s Personal Banking Group General Manager, D. Anand stated: “The purpose of our ‘Instant Financing’ is to cater financing needs of our cus-tomers anywhere and anytime and to provide smooth and paperless customer experience throughout their journey. For our first campaign, we had cus-tomers applying for the per-sonal financing from inside and outside of Qatar. Most impor-tantly, our Mobile App allowed them to complete the journey on average within minutes, without paperwork and need of physi-cally visiting a branch or talking to a Bank representative”.

KPMG event to shed light on tax developmentsTHE PENINSULA DOHA

KPMG in Qatar will be holding a complimentary event to brief the country’s tax and finance practitioners on recent and upcoming developments in tax processes and regulations, on December 4.

The event will see Senior Tax and Advisory leaders from KPMG, along with Salah Gueydi, Director of Tax at Qatar Financial Centre, come together to share their insights and expertise, elaborating on the impacts that recent local and international tax

developments will likely have. They will also be sharing prac-tical advice on how businesses

can prepare and adapt.On the event, Barbara

Henzen (pictured), KPMG in Qatar’s Head of Tax and Cor-porate Services said: “There has never been a more exciting or challenging time to do business in Qatar. However, the combination of country-by-country reporting, the common reporting standard and the imminent introduction of value-added tax and other initiatives has made the life of a tax practitioner increasingly complex and we are pleased to be able support businesses at this time by holding this event.”

SBCQ becomes official Chamber of Commerce of Spain in QatarTHE PENINSULA DOHA

An Extraordinary Assembly of SBCQ was convened at DECC in the past week to vote the approval of the changes in its articles of association to be established as the official Chamber of Commerce of Spain in Qatar.

The Assembly was chaired by Jose Vicente Chairman of the SBCQ and Ambassador of Spain to Qatar Belen Alfaro Hernandez (Honorary Member) The SBCQ was founded in 2009 with 7 Members. On the edge of its 10th birthday the association has 56 members representing a wide spectrum of sectors including engineering Water Treatment companies, Construction com-panies, Naval Construction, Geo-technical works, Facilities Man-agement and Maintenance, Man-agement Consultancy Services, Trading and Contracting, Law Firms, Education among others. It is now registered under the QFC umbrella.

Although the SBCQ has already been making incredible

progress over years in promoting its Business Members and stretching ties between Spain and Qatar a most powerful platform to keep on doing it was needed. On this regard Belen Alfaro pointed that “the SBCQ was now in position to be recognized as a Chamber of Commerce”.

The support of the Spanish Embassy to the SBCQ on this new stage was also mentioned. The Ambassador explained that he Embassy of Spain to Qatar will go on collaborating with the Chamber of Commerce same way they have been doing with the SBCQ, facilitating the inter-nationalization of the Spanish firms, supporting the SBCQ members, promoting Spanish business interests in Qatar and giving to Spanish firms the insti-tutional support they deserve.

Another important issue is that as the Official Chamber of Commerce of Spain in Qatar a new relationship would be created with the Chamber of Commerce of Spain. Jose Vicente explained that the Entity would be integrated in the Spanish Chamber of

The SBCQ members and other officials on the sidelines of the Extraordinary Assembly.

Commerce global network. This net has 38 chambers abroad in 35 countries. Commercial Attaché at the Spanish Embassy Miguel Angel Fajardo pointed that this net is a very valuable resource of infor-mation and consulting for the Spanish Firms.

During the Assembly Official Chamber of Commerce’s benefits were also mentioned. On this regard Jose Vicente pointed out benefits such as being part of an

Institution with much more rel-evance and visibility, an Insti-tution that could be provide much more services, benefits such as having access to more information or to more net-working opportunities.

Miguel Angel Fajardo’s inter-vention focused on the resources of the Chambers of Commerce and on an explanation of all the services that they provide. It was clear set that every Chamber

provides the services that they have considered. There is a wide range of activities that Chambers of Commerce abroad are allow to provide.

After the voting it was clearly set that SBCQ’s Members intention was to take this step forward. As the Official Chamber of Commerce of Spain in Qatar the SBCQ will keep its main goals: to promote their Member’s Business, to keep the Members

updated on key events organ-izing a wide range of events, to keep connected its Members with Qatari Institutions, Local Author-ities and private Entities and to keep playing an important role in the relations between Spain and Qatar.

The Official Chamber of Commerce of Spain in Qatar will be keeping on working on it but from a platform with greater reach.

TOGY and Qatar Chamber to join forcesTHE PENINSULA DOHA

The Oil & Gas Year (TOGY) and Qatar Chamber (QC) have signed a partnership for the upcoming TOGY Qatar 2019 edition.

A key outcome of the agreement will see the TOGY Qatar series of books and the TOGYiN platform report on Qatar’s attractive business environment in light of QP’s and the local industry’s expansion plans. Both sides pledged to make this year’s edition a success as it will con-tinue to provide a thorough and comprehensive overview

of Qatar’s hydrocarbons and related sectors.

In a statement issued by the Qatar Chamber, it said that the Chamber is honoured to partic-ipate with TOGY in producing the TOGY Qatar 2019 edition, which gathers the opinions and views of the oil and gas elite in Qatar, as well as private-sector leaders.

It noted that the report will promote Qatar as an oil and gas hub and attractive investment destination worldwide, under-scoring that the edition will have a vast readership of energy industry executives, decision makers and investors.

It added that the report aims

to showcase the wealth of oppor-tunities available in Qatar by fea-turing its friendly investment climate, economic strategies, mega-projects and industries.

TOGY said: “Against all odds, Qatar turned an unfortunate series of events into a window of oppor-tunity. This is in no small part thanks to The Qatar Chamber of Commerce and Industry’s advocacy efforts on behalf of the private sector. As such, we are delighted to sign this strategic part-nership with the institution that continues to lead the private sector to new heights and is playing a crucial part in making H H the Amir’s 2030 vision a reality.”

03WEDNESDAY 28 NOVEMBER 2018 BUSINESS

Thirty-one of 36

analysts and traders in

a global poll predicted

that the coalition of

producers known as

Opec+ will announce

output curbs when

it gathers on

December 6 and 7.

Opec expected to cut output despite Trump pressureBLOOMBERG LONDON/NEW YORK

Opec and its allies will announce production cuts to check a slump in oil prices when they meet next week, defying pressure from US President Donald Trump, according to a Bloomberg survey.

Thirty-one of 36 analysts and traders in a global poll predicted that the coalition of producers known as Opec+, led by Saudi Arabia and Russia, will announce output curbs when it gathers on December 6 and 7. The average estimate for the size of the cut was 1.1 million barrels a day.

Oil prices have collapsed 30 percent in less than two months on concern that booming US shale production and faltering demand — combined with unprecedented output from the Saudis and Russia — will trigger a new surplus next year. The Organization of Petroleum

Exporting Countries and its partners will meet in Vienna.

“We anticipate that Saudi Arabia and Opec will cut crude supply by 1 million barrels a day or more at the upcoming meeting,” said Mike Wittner, head of oil-market research at Societe Generale SA in New York. “This will be necessary to avoid severe oversupply in 2019.”

Trump has repeatedly called on the Saudis to work on low-ering prices and could have extra leverage now as US lawmakers threaten punitive measures against senior officials following the murder of Saudi dissident Jamal Khashoggi.

Nonetheless, the survey results suggest the kingdom will disregard the pressure from its most important political ally in order to shore up revenue while embarking on radical economic transformation at home and intervening in conflicts abroad.

“What Trump’s asking Saudi Arabia to do is commit the ultimate act of self-harm — to continue to oversupply a market when they are having their own fiscal constraints,” said Helima Croft (pictured), chief commod-ities strategist at RBC Capital Markets LLC in New York.

Many of the respondents expecting a cut estimated a range for the size of the potential reduction. The smallest was 200,000 barrels a day, and the the largest 2 million a day.

The survey showed that there’s less confidence that Russia, Saudi Arabia’s main partner outside Opec, will join in cutbacks once again. Of the 31 who forecast a reduction, 12 said that Russia wouldn’t participate in actual supply restraints. “I do understand why the market is nervous, because it’s not clear-cut on Russia,” Croft said.

Meanwhile, oil prices steadied after the biggest gain in almost two months. Futures in New York rose 0.2 percent,

erasing earlier losses. Traders are monitoring this week’s G-20 gathering in Argentina. US crude inventories are estimated to have fallen for the first time in 10 weeks in a Bloomberg survey before government data due today.

America’s unexpected sanc-tions waivers for Iranian oil, record Saudi output and rising trade tensions have sent crude into a bear market. “The market mood changed unexpectedly swiftly and pronouncedly from shortage fears to glut concerns,” said Norbert Ruecker, head of macro and com-modity research at Julius Baer Group Ltd. in Zurich. “The focus is now on soft demand, the shale boom, and the petro-nations’ wide-open oil taps.”

West Texas Intermediate for January rose 12 cents to $51.75 a barrel on the New York Mer-cantile Exchange at 9:26am in New York. The contract rose

$1.21 on Monday after plunging about 11 percent last week, the most since January 2016. Total volume traded was 23 percent above the 100-day average. The Cboe/Nymex WTI Volatility Index fell on Monday after reaching the highest level since early 2016 on Friday.

Brent for January set-tlement rose 13 cents to $60.61 a barrel on London’s ICE Futures Europe exchange, after adding $1.68 on Monday. The global benchmark traded at a $8.86 premium to WTI.

Meanwhile, crude stockpiles in the U.S. probably fell 1 million barrels last week after nine con-secutive weeks of gains, according to the median estimate in a Bloomberg survey.

Inventories in the Cushing storage hub in Oklahoma probably added 600,000 barrels last week, according to a sep-arate Bloomberg survey.

GWC well positioned to meet expectations of every demandTHE PENINSULA DOHA

Gulf Warehousing Company (GWC) has put forward every effort possible in order to provide logistics, supply chain services and solutions that serve every indus-trial and economic sector of Qatari economy. The company proac-tively enhanced its services and efficiency, especially after the siege, to serve its clients better and more effectively.

The company has provided these services by implementing the best breed of international practices and advanced tech-nologies, fulfilling the needs of its clients and the Nation through an integrated system of bespoke infrastructure in Qatar and an international network of logistics offices.

GWC, a publicly listed company in Qatar Exchange since 2004, earned leadership in the logistics and supply chain sector due to its customer centricity, responsiveness and unparalleled expertise in providing logistical services and solution.

“GWC is in-step with the needs and requirements of the market and its clients, and prides itself on its client focus and readiness to respond to any new opportunity or service gap. It accomplishes this through its widespread bespoke infra-structure that offers the end-to-end supply chain solutions

and the technological foun-dation to meet and exceed the expectations of every demand”, Ranjeev Menon (pictured), Group CEO of GWC, said in a statement yesterday.

During the ongoing unjust blockade imposed on Qatar, the company has deployed creative systems and alternatives needed to facilitate the shipping, transport, warehousing, and dis-tribution of goods and cargo, especially food and primary cargoes, in addition to satisfying the clients requirements as fast as possible according to pre-set timelines; without delay or com-promising client interests. Systems such as repurposing of warehouses, trucks and per-sonnel in no-time have mitigated and averted effects of the blockade and did prove Qatar’s resilient logistical infrastructure as a whole.

The logistics operations provided by GWC are not limited to one sector alone, but

in fact cover all government, industrial, and commercial sectors in the country. The company offers full end to end supply chain services, starting with raw materials movement all the way to the ultimate con-sumer, in addition to all logistics services in between.

UPS, the largest package delivery company in the world, whom GWC is the Authorized Service Contractor in Qatar since 2015, offers an extensive range of services to enable the movement of goods, information and funds across the globe, which complements GWC’s “under-one-roof” value added services it provide within its scope. UPS’s market share in

Qatar has grown by bounds over the last three years since the Company became its authorized service contractor.

As an example, GWC offers the retail sector with logistical services, beginning with shipping the products from the factory, followed by clearance, transport, storage, and last-mile delivery at the end users’ location, pro-viding visibility throughout the entire process.

For the oil and gas sector, the company plays an important role bringing heavy equipment and over-sized cargo from the factory in the country of origin, tracking its progress until it reaches the work-site in the State of Qatar, ensuring its arrival

without delay or damage. Per-formance at this level assures the client of the company’s profes-sionalism and ability to handle mega logistics projects, engen-dering trust with the clients.

GWC also offers its services for clients in the banking, telecom, aviation, sport, avi-ation, defense, infrastructure fields, and fine art sectors.

The group has also developed partnerships across multiple sectors, including food and food security, health, retail, aviation, oil and gas, museums and fine art, sports, equestrian, and conference management, as well as all the logistics requirements for both the public and private sector.

GWC’s Bu Sulba Warehousing Park.

‘Knowing more and more only way to combat cybercrimes’FROM BUSINESS PAGE 1

Commenting about the unpreparedness and the extent of the vulnerability of people to any types of cyber-crime, Hasan noted that nearly 75 percent of the people attending a forum on the subject are not aware about ‘dark web’, which con-stitute 96 percent of the Internet where anonymous people can act unregulated, where most of the cybercrime economy exist and thrive.

“The digital economy is the stuff that everybody apparently saying that we need to be careful about, but everybody lives there. So knowing more is the first piece of advice. Then we need to defend faster in terms of what we need to do. It requires building a right eco-system, the way we think about it. Organisations today still thinking security as an in-house job only. There has to be collaboration,” he said.

He reiterated that investment in security over the last couple of years have doubled, but the number of attacks and the number suc-cessful attacks both have quad-rupled during the period, in terms of the amount of loss in dollar terms. “One single company has lost nearly $350m due to compromise through cyber attack. Isn’t it a mind bog-gling figure?,” he wondered.

Qatar team wins Excellent Academy at Huawei ICT competition in ChinaTHE PENINSULA DOHA

A team of three students from Qatar University walked away with the Excellent Academy at Huawei’s Inter-national ICT Skill Competition finals and award ceremony in Shenzhen, China. The winners were selected fol-lowing a grueling three months of qualifying rounds that saw partici-pation from 10 countries in the Middle East. Their prizes were awarded at the ICT Talent Cultivation & Award Ceremony in Shenzhen.

In total, 14,748 students across the Middle East applied for the com-petition, from which 4,915 were selected to take part in the prelim-inary rounds. 214 students passed on to the final round, and 39 in total from 13 teams travelled to China to compete internationally. The ICT Competition was made possible through the cooperation of 17 min-istries across 10 countries. Some 226 colleges and universities took part in total, and 65 participated in Huawei’s roadshow. In all, 950 students addi-tionally passed the Huawei HCNA certification exam. The 13 finalist teams had an opportunity to learn from Huawei’s leading global ICT on an all-expense paid trip to Huawei’s headquarters in China.

All participants underwent highly

selective examinations at the national level. Participants worked in real lab-oratories and tackled some of the industry’s challenges related to cloud computing, switching, routing, and other key ICT solutions and technol-ogies related to digital transformation. The finalists competed in day-long finals, participated in a technology workshop, and witnessed a high-level panel discussion by senior delegates from Middle East to China.

“Building a pool of high quality ICT talent is a critical success factor for governments aiming to tran-sition to knowledge-based econ-omies. As one of the world’s leading innovators, knowledge-transfer has always a core pillar of the Huawei ethos. Combining this with our commitment to support govern-ments in the region as they work towards achieving their national vision goals, we are proud of the ICT Skill Competition and all that it has achieved over the past six months. The platform has demon-strated beyond a doubt that the young talent in the region has the potential to mature into world-class experts. Today, we re-dedicate our-selves to working even more closely with students across the region to better equip the next generation of technology leaders,” said Charles Yang, President, Huawei Middle East.

Refinery shutdowns may push India into importing fuel next yearREUTERS NEW DELHI/MUMBAI

A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels.

India, the world’s third-biggest oil importer and consumer, has surplus refining capacity and rarely imports gasoil and petrol. It also means that demand for fuel produced by India’s privately owned refiners will likely climb during the period, as state refiners seek to fill the gap.

State refiners — Indian Oil Corp, Bharat Petroleum, Hindustan Petroleum and Man-galore Refinery and Petrochemicals — account for about 60 percent of the country’s nearly 5 million barrels per day (bpd) capacity.

The refiners will have to shut gasoil- and petrol-making units at their plants for 15 to 45 days to churn out Euro VI-compliant fuels from January 2020 to be able to sell them from April of that year. “Next year will be chal-lenging for us as I have to protect my crude throughput and finish the job at the refineries and get ready for Euro VI by April 2020,” said B V Rama Gopal, head of refineries at IOC.

IOC plans a roughly month-long shutdown of gasoline- and gasoil-producing units at all of its 11 refineries, he told Reuters. Key parts of the refineries requiring a revamp include naphtha hydrotreaters, catalytic reforming units, isomerisation units, diesel sulphurisers and diesel hydrotreaters. In addition, some

refiners have to revamp or set up new gasoline treaters, hydrogen production and sulphur recovery units. India has been gradually reducing sulphur emissions from vehicles since 2000, when fuel sold in the country had 500 parts per million (ppm).

Motorists in Delhi, which faces major air pollution, moved in April this year to Euro-VI standards, which allow up to 10 ppm sulphur and are known locally as Bharat Stage-VI.

HPCL will shut its diesel and petrol units while upgrading the crude units at its Vizag and Mumbai refineries for 30 to 45 days, its Chairman M K Surana said. He forecast a slight reduction in the company’s crude intake.

Surana and MRPL Managing Director M Venkatesh, who intends to shut some refinery units for up to a month, said they see no need to import fuel in 2019 given that state fuel retailers can access robust production at local private refiners. Consultant FGE expects India could import 40,000 b/d of petrol and 70,000 b/d of gasoil for about one quarter in 2019 because of the shutdowns.

A file picture of an oil refinery of Essar Oil in Vadinar, in the western state of Gujarat, India.

United Technologies plans to split into three companiesAFP NEW YORK

United Technologies is to break into three independent entities, following in the foot-steps of companies like General Electric or Honeywell and splitting one of the last industrial conglomerates in the United States.

CEO Gregory Hayes had previously hinted at dividing the $103bn conglomerate, based in Farmington, Con-necticut, and on Monday the company made the decision final. One of the new stand-alone entities will keep the name United Technologies (UTC) — made up of Collins Aerospace and Pratt & Whitney, business that had combined sales of $39bn in 2017 — and be focused on aerospace.

That company will be rounded out by aeronautics manufacturer Rockwell Collins, which United Tech-nologies had acquired in 2017 in a $30bn buyout.

Otis meanwhile will produce elevators and esca-lators while Carrier will make equipment including heating and cooling products.

04 WEDNESDAY 28 NOVEMBER 2018BUSINESS

European shares dip as Trump reignites trade war fearsREUTERS MILAN

European shares fell yesterday after a new threat by Wash-ington to impose more tariffs on Chinese products and fears the trade war could spread to Europe after a report in Germany of possible new US taxes on imported cars.

The pan-European STOXX 600 benchmark closed down 0.2 percent, pulling back from the one-week high reached the day before on optimism over Brexit and a possible Italian budget compromise with Brussels.

“The positivity that started the week was nowhere to be seen on Tuesday, with Donald Trump pouring more fuel on the trade war fire while unleashing some unhelpful Brexit comments,” said Connor Campbell (pictured), an analyst at Spreadex.com.

The US President said he expected to raise tariffs on $200bn in Chinese imports to 25 percent from the current 10 percent and repeated his threat to impose tariffs on all remaining imports from China.

US stocks declined at the open yesterday as hopes of resolving the trade spat at the

upcoming G20 Summit dampened. Adding to fears of an escalation, Germany’s Wirt-schaftswoche magazine reported that a US Department of Commerce investigation report was on Trump’s desk and that the president could make a decision about new taxes on imported cars after the G20 meeting in Buenos Aires.

European auto stocks lead losers with a 2.5 percent fall and Germany’s DAX, seen as a trade war proxy because of its export-heavy constituents, retreated 0.4 percent. Among other sectoral fallers were mining companies, down 2.3 percent as copper prices slid for the third day, pressured by Trump’s comments.

Travel stocks fell 0.9 percent and were under pressure after Thomas Cook cut its profit forecast for the second time in two months and suspended its dividend after the hot British summer deterred holiday-makers from going abroad.

Thomas Cook shares fell 22.6 percent to a six-year low. “It’s been a challenging year for travel operators and airlines, buffeted by the ‘Beast from the East’ at the beginning of the year, and then by industrial action in Europe, as well as rising oil prices through the summer,” said Michael Hewson, an analyst at CMC Markets.

However, Accor, rose 1.8 percent after Europe’s largest hotels company stuck to its target of doubling core earnings to €1.2bn by 2022.

Tele2 rallied for a second day, up 11.5 percent, following a Reuters report that the European Commission was set to approve without conditions the sale of its Dutch business to Deutsche Telekom. Following the report, which has rekindled expectations of more deal-making in the sector, Tele2 said it was optimistic the EU would approve the planned merger.

Dollar rises to near two-week highs, but pound strugglesREUTERS LONDON

The US dollar rose to its highest level in almost two weeks against its major rivals yes-terday, after US President Donald Trump said that he would push ahead with tariffs on Chinese goods.

Sterling was the weakest performing major currency, falling across the board after Trump said the agreement on the United Kingdom’s departure from the European Union may make trade between the United States and Britain more difficult.

The threat of an escalating trade conflict between the world’s two biggest economies is a major source of concern for next year, amid expecta-tions the global economy could slow, and a backdrop that has boosted demand for the safe-haven dollar.

BlackRock, for example, believes an escalation in the trade conflict could stoke fears of a devaluation in the Chinese currency. Credit Suisse strate-gists expect the yuan to weaken to a decade low of 7.20 per dollar by end-2019.

The dollar index, which measures the dollar’s value against six other major

currencies, rose 0.2 percent to 97.28, its highest level in almost two weeks.

Broader optimism towards the greenback was reflected in positioning data for the week ending November 26, which shows hedge funds added a net $1.28bn long positions in the dollar.

Trump’s latest remarks on trade come just before a G20 meeting in Buenos Aires on November 30 where Trump and Chinese President Xi Jinping are expected to meet.

“The upcoming meeting between Trump and Xi is pivotal going into the year-end and for the outlook for global growth, which has shown signs of

slowing,” said Lee Hardman (pictured), a currency analyst at MUFG in London. “If there’s no breakthrough, that makes it more likely that more tariffs will be imposed and that increases downside risks to trade.”

The euro dipped to $1.1305, its lowest level since mid-November. It was last trading at $1.1343, down 0.1 percent on the day. The yen was steady at 113.67 yen per dollar, while the trade-sensitive Australian and New Zealand dollars inched higher.

“Trump’s comments are clearly impacting risk more directly through the stock markets,” said Neil Mellor, senior currency strategist at BNY Mellon.

“But the impact is not that great and you could argue that many are coming to the con-clusion that this is really the way that President Trump does business, driving a hard deal. That’s one reason at least the FX market has taken this in its stride.”

Attention turned to a speech today by Fed Chairman Jerome Powell and minutes from the central bank’s November 7-8 meeting to be released tomorrow, for further clues of how many more times the Fed is likely to raise interest rates.

QATAR STOCK EXCHANGE

QE Index 10,355.67 0.01 %

QE Total Return Index 18,245.54 0.01 %

QE Al Rayan Islamic

Index - Price 2,397.00 0.28 %

QE Al Rayan Islamic Index 3,889.19 0.27 %

QE All Share Index 3,082.43 0.13 %

QE All Share Banks &

Financial Services 3,841.88 0.10 %

QE All Share Industrials 3,255.68 0.45 %

QE All Share Transportation 2,110.61 0.67 %

QE All Share Real Estate 2,091.57 1.33 %

QE All Share Insurance 3,041.71 0.43 %

QE All Share Telecoms 1,029.74 0.44 %

QE All Share Consumer

Goods & Services 6,756.37 0.73 %

QE INDICES SUMMARY QE MARKET SUMMARY COMPARISON WORLD STOCK INDICES

GOLD AND SILVER

27-11-2018Index 10,355.67 Change 0.95 % 0.01 YTD% 21.50 Volume 9,278,229 Value (QAR) 313,955,917.40 Trades 7,027 Up 17 | Down 24 | Unchanged 0326-11-2018Index 10,356.62Change 105.00% 1.02YTD% 21.51Volume 9,132,636Value (QAR) 289,082,181.33Trades 6,680

EXCHANGE RATE

GOLD QR143.6973 grammeSILVER QR1.6842 per gramme

Index Day’s Close Pt Chg % Chg Year High Year Low

All Ordinaries 5802.8 53.2 0.93 6481.3 5675.9

Cac 40 Index/D 4982.11 -12.87 -0.26 5657.44 4894.3

Dj Indu Average 24640.24 354.29 1.46 26951.81 23344.52

Hang Seng Inde/D 26331.96 -44.22 -0.17 33484.08 24540.63

Iseq Overall/D 5867.41 -59.01 -1 7257.41 5772.58

Kse 100 Inx/D 40894.22 122.67 0.3 47144.12 36274.25

S&P 500 Index/D 0 0 0 2940.91 2532.69

Currency Buying SellingUS$ QR 3.6305 QR 3.6500

UK QR 4.6119 QR 4.6759

Euro QR 4.0957 QR 4.1541

CA$ QR 2.7245 QR 2.7786

Swiss Fr QR 3.6222 QR 3.6740

Yen QR 0.03176 QR 0.03238

Aus$ QR 2.6133 QR 2.6647

Ind Re QR 0.0510 QR 0.0520

Pak Re QR 0.0267 QR 0.0275

Peso QR 0.0687 QR 0.0701

SL Re QR 0.0200 QR 0.0204

Taka QR 0.0430 QR 0.0439

Nep Re QR 0.0319 QR 0.0325

SA Rand QR 0.2610 QR 0.2662

05WEDNESDAY 28 NOVEMBER 2018 BUSINESS

CEO Bill Winters is still

seeking to convince

investors he can revive

longer-term earnings

growth and generate

an acceptable level

of profitability while

cutting costs.

StanChart weighing a simpler structure to control costsBLOOMBERG LONDON

Standard Chartered Plc is weighing a plan to simplify its structure as the emerging markets lender looks to control costs across its sprawling network from Zambia to Macau, said people familiar with the matter.

The London-based bank, which operates in about 60 markets, is exploring how to free up liquidity and reduce funding expenses within its different legal entities, the people said, asking not to be identified as the details are private.

Standard Chartered said in a statement to Bloomberg that it will outline how it plans to “deliver higher returns” when it reports its full-year results in February, without elaborating on

the details. The lender is expected to unveil a strategic review to address investor con-cerns about rising expenses and an approximate 40 percent decline in the share price since Bill Winters (pictured) became Chief Executive Officer in June 2015.

Winters is still seeking to convince investors he can revive longer-term earnings growth and generate an acceptable level of profitability while cutting costs. He’s spent much of his tenure cleaning up the balance sheet and culture of the London-based firm, which had been saddled with bad loans.

“The bank’s weakness in returns is due to costs that are too high,” Edward Firth, a UK bank analyst at Keefe, Bruyette & Woods in London, said by

email. “Centralizing funding costs sounds like an oppor-tunity,” but there are likely to be hurdles involving tax and local regulatory requirements, he said.

As part of the review to be announced in February, the bank is also considering cutting the number of senior posts, one of the people said. The bank had around 86,000 staff at the end of last year, up from about 84,000 in 2015. It’s also still

pressing ahead to create two Asian hubs — one based in Sin-gapore and another in Hong Kong, they said.

Meanwhile, the lender is also reviewing its African businesses and may opt to focus on some core countries, the people said. Standard Chartered operates across a vast network in Africa

including smaller economies such as Sierra Leone, Ivory Coast and Cameroon, according to its website. The bank makes the bulk of its income from its China and North Asia businesses.

As part of the review, the bank is also closely examining part of its private bank. It plans to keep its focus on the wealth man-agement segment, the people said.

Standard Chartered’s Winters said in October that the lender was working on a three-year plan to improve per-formance. Its return on equity was 6.6 percent as of the third quarter. The bank said earlier in the year that 8 percent was achievable in the medium term.

Details of its plan are yet to be finalized as the lender is still waiting to hear from the Department of Justice over a

potential fine related to previous Iranian sanctions imposed by the US. The bank has said that it con-tinues to cooperate with US authorities on resolving the Iran sanctions probe, and that it’s too early to provision for any likely fine. Bloomberg News earlier reported that the bank was bracing for a potential penalty of around $1.5bn for allowing cus-tomers to violate the sanctions.

Any plan to reward share-holders with a buyback, which was reported by the Financial Times this month, is likely on hold until there is a settlement with US prosecutors, the people said. Standard Chartered’s under-lying profit was $1.07bn in the third quarter, ahead of a consensus estimate of $976m, as the bank managed to squeeze out more growth from Asian markets.

Global trade war would threaten financial stability: ECBAFP FRANKFURT

Rising protectionism’s impact on financial markets has been “contained”, European Central Bank researchers said in a paper published yesterday, while warning of graver risks if a trade war goes global.

“The total market impact of tariff-related news appears to have remained relatively con-tained so far and balanced across areas” in stock and bond markets, the economists said — although firms and sectors directly affected have suffered much worse.

But “an escalation to a more generalised trade war” — in which all countries imposed

border taxes on one another’s imports — could cause “strong financial market corrections”, they warned.

The Frankfurt institution’s analysis comes at the end of a year of escalating protectionist threats and measures by US President Donald Trump, espe-cially against the world’s second economy China.

During 2018 Trump’s tariffs have risen stepwise to $300bn, with more than $250bn targeted at Chinese imports, along with a tariff on steel and aluminium that also covers other countries’ products. “Cumulative changes in US and euro area equity prices in response to tariff-related announcements have been roughly comparable so far,

amounting to around minus 7.0 percent,” the ECB researchers found.

Meanwhile the “risk premium” element of interest non-financial firms on both sides of the Atlantic pay on their bonds has swelled over the year.

Other factors like political risk in the eurozone and strong growth in America were difficult to differentiate from the impact of tough talk on trade.

Nevertheless, “the sym-metric reaction between the United States and the euro area suggests that markets view increases in tariffs as a lose-lose situation for all involved,” the economists judged.

Pointing to the much worse performance of companies and

sectors directly targeted by tariffs, they predicted that “should the threat of an increase in tariffs be extended to cover products across all sectors of the economy, a larger overall market impact can be expected”.

After simulating three trade war scenarios — two of the US versus the rest of the world, and one where every country imposed tariffs — they found that “a regionally limited trade war would not give rise to major financial stability risks.”

Only more countries being dragged in or a massive esca-lation in the level of the tariffs and the range of goods affected could lead to sharply higher interest rates on bonds and falls in the stock market.

Italy consumer, business confidence dropsAFP ROME

Consumer and business confi-dence in Italy dropped in November as the country’s pop-ulist government tussled with Brussels over its big-spending budget plans.

The business confidence index fell to 101.1 points from 102.5 in October — its fifth monthly drop in a row — while consumer confidence dropped to 114.8 points from 116.5, the national statistics institute said.

On Monday, the populist coalition — appeared open to reducing its draft budget deficit, boosting hopes Rome could

ease a stand-off with the European Union.

The European Commission has rejected the draft budget because it sharply increases spending and the deficit, which would add to Italy’s already massive mountain of debt.

News that the 2019 budget deficit may be limited to 2.2 percent of gross domestic product, rather than 2.4 percent helped boost the markets sharply. On Monday, European Central Bank head Mario Draghi warned, without naming names, that one country’s unsustainable economic pol-icies could be a danger for the whole eurozone.

BREAK TIMEVILLAGGIO & CITY CENTER

Note: Programme is subject to change without prior notice.

Drama (2D/Malayalam) 2:15 & 11:00pmThe Grinch 2:45pmCreed II (2D/Drama) 8:30, 9:15, 11:00 & 11:30pmTaxiwala (2D/Telugu) 4:30 & 11:15pmRobin Hood: Origins (2D/Action) 5:00, 7:00, 9:15 & 11:30pm; Ralph Breaks The Internet: Wreck It Ralph 2 (2D/Animation)

2:30, 4:30 & 6:30pm; Fantastic Beasts: The Crimes Of Grind-

elwald (2D/Fantasy) 8:30pm; Kaatrin Mozhi (2D/Tamil)

5:00pm; Bel Canto (2D/Drama) 7:30pmMalicious (2D/Horror) 11:15pm

Creed II (2D/Drama) 8:00, 10:30 & 11:15pm; Drama (2D/

Malayalam) 2:15 & 11:00pm; The Grinch 3:00 & 5:30pmRobin Hood: Origins (2D/Action) 5:00, 7:00, 9:15 & 11:30pm; Ralph Breaks The Internet: Wreck It Ralph 2 (2D/Animation)

2:30, 4:30 & 7:00pm; Thugs Of Hindostan (2D/Hindi) 7:30pm;Taxiwala (2D/Telugu) 4:15, 6:45, 9:00 & 11:15pmIkarus – Kuwaiti (2D/Arabic) 2:30pm;Malicious (2D/Horror) 9:15pm;

Ralph Breaks The Internet: Wreck It Ralph 2 (2D/Animation)

2:30 & 5:00pm; Cinderella And The Secret Prince (2D) 3:00pm; Robin Hood: Origins (2D/Action) 7:00, 9:15 & 11:15pm; Taxiwala

(2D/Telugu) 4:30pm; Malicious (2D/Horror) 9:30pm; Fantastic

Beasts: The Crimes Of Grindelwald (2D/Fantasy) 7:00 & 11:15pm

Creed II (2D/Drama) 8:00, 10:30 & 11:15pm;

Taxiwala (2D/Telugu) 12:00, 12;15, 3:00 & 6:00pmSarkar (2D/Tamil) 4:00 & 11:15pm; Sharabha (2D/Telugu)

12:15pm; Kaatrin Mozhi (2D/Tamil) 3:15 & 5:45pmDrama (2D/Malayalam) 12:00, 2:45, 5:30, 8:15, 8:30, 11:30pm

Drama (2D/Malayalam) 12:15, 6:00 & 11:45pmFantastic Beasts: The Crimes Of Grindelwald (2D/

Fantasy) 12:00, 5:45 & 11:30pmRobin Hood: Origins (2D/Action) 2:15, 7:00 & 11:45pmTaxiwala (2D/Telugu) 3:15 & 9:00pmSarkar (2D/Tamil) 2:45 & 8:30pmRalph Breaks The Internet: Wreck It Ralph 2 (2D/Animation)

12:00, 4:45 & 9:30pm

Drama (2D/Malayalam) 10;30, 1:30, 4:30, 7:30, 8:30 & 10:30pmFantastic Beasts: The Crimes Of Grindelwald (2D/

Fantasy) 10:30am, 1;15, 3:30, 4:00 & 6:15pmMalicious (2D/Horror) 1:30, 6:45, 11:30 & 11:40pmRalph Breaks The Internet: Wreck It Ralph 2 (2D/Animation)

12:50, 3:20, 5:40 & 8:00pmRobin Hood: Origins (2D/Action) 10:30, 11:00,1:00, 3:00, 6:00 & 11:30PMTaxiwala (2D/Telugu) 8:45 & 10:30pm

Creed II is a American sports drama film directed by Steven Caple Jr., and written by Sylvester Stallone and Juel Taylor. A sequel to Creed (2015).

ROYAL PLAZA MALLCROSSWORD

LANDMARK

FLIK Mirqab Mall ROXY

ASIAN TOWN

AL KHOR

Belcanto (2D/Malayalam) 1:00, 3:00 & 10:00pmDrama (2D/Malayalam) 2:50 & 8:50pmEl Kowayseen (2D/Arabic) 5:00pmFantastic Beasts: The Crimes Of Grindelwald (2D/

Fantasy) 12:20, 3:40, 6:20, 7:30, 9:00, 11:40pmRalph Breaks The Internet: Wreck It Ralph 2 (2D/Ani-

mation) 10:40, 9:40, 6:30pmRobin Hood: Origins (2D/Action) 10;45, 1:10, 3:35, 11:30, 1:50, 4:10, 8:50 & 11:10pmTaxiwala (2D/Telugu) 11:45am, 5:50 & 11:50pmThe Grinch 11:50am, 1:45 & 3:00pm

CREED II

06 WEDNESDAY 28 NOVEMBER 2018CLASSIFIEDS

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REGENCY PEARL 1 (THE PEARL): Fully furnished 1 �� -��!�"�#$��%"&'#'"()�(��*��+��..��D��*�+��!�"�#$�("�/'�"()�02� �� E��*� �� +� �� 3!�� %!�"�'&3!�%�#'!&� �4"�("� ��44)� 567829� 8;02� ??20 � ::<8� <=7> �::<7� <070� � :::2� =?;<� � ::<:� ;2=>� �� "%�'4)� � ��*��=��@��

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REGENCY PEARL 2 (THE PEARL): Fully furnished 1 C�� -�� !�"�#$� �%"&'#'"()� (�� *�� +�� ..��D��*�+��!�"�#$�("�/'�"()�02��E��*�� +� �� 3!�� %!�"� '&3!�%�#'!&��4"�("��44)�567829�8;02�??20� �::<7�<070� �??;;�=>07� �::<:�;2=>��"%�'4)��*��=��@��

REGENCY PEARL 1 (THE PEARL): Fully furnished =� �� 6� �.G�� -�� !�"�#$� �%"&'#'"()�(��*��+��..��D��*�+��!�"�#$�("�/'�"()� 02� �� +�� 3!��%!�"�'&3!�%�#'!&��4"�("��44)� 567829�::<8�<=7>� �::<7�<070� � ??;;� 0>72� � ??;;� 0>:?� �� "%�'4)� ��*��=��@�� REGENCY PEARL 2 (THE PEARL): Fully furnished 0� �� -��!�"�#$��%"&'#'"()�(��*��+��..��D��*�+��!�"�#$�("�/'�"()�02� �� +�� 3!�� %!�"�'&3!�%�#'!&� �4"�("� ��44)� 567829� 8;02� ??20� � ::<7�<070� � ??;;� 0>72� � ??;;� 0>:?� �� "%�'4)� ��*��@��

UMM BAB TOWER (WESTBAY):� 3��+� .�� 0��0�%��-�� !�"�#$� �%"&'#'"()�'��*��.��+��H��**��+��+��D��*�+�� *�� 3!�� %!�"� '&3!�%�#'!&��4"�("��44)�567829�>>072>0=� �:::0�?=2;� �::<7�:7:?� �::<7�;2?0��"%�'4)��+��@��

UMM BAB TOWER (WESTBAY):� 3��+� .�� >�� 6� ��-� �� I��)� >� %��-�� !�"�#$��%"&'#'"()� '��*�� .��+��H��**��+�� +��D��*�+��*��3!��%!�"� '&3!�%�#'!&� �4"�("� ��44)� 567829� >>072>0= � ??;;�2?>?� � :::=� 08>2� ::<7� <070� �� "%�'4)� ��+��@��

VILLA DESTE 1 (AL WAAB): (��.��>��)�%��-�� !�"�#$� �%"&'#'"()�(��*��+��!�"�#$�("�/'�"()�02�� +�� 3!�� %!�"� '&3!�%�#'!&� �4"�("��44)�567829�>>:0�=8=>� �::<7�:7:?� �::<7�;2?0�� ??;;�2?>?��"%�'4)��@�� VILLA DESTE 2 (AL WAAB):�(��.��>��)�%��-�� !�"�#$� �%"&'#'"()�(��*��+��!�"�#$�("�/'�"()�02�� +�� 3!�� %!�"� '&3!�%�#'!&� �4"�("��44)�567829�>>:0=8=>� �:::=�08>2� ::<7�<070� �??;;�=>07��"%�'4)��@�� BEVERLY HILLS GARDEN 10 (Al WAAB):� (��.�� 2� �� )� >� �� +�� *�� -�� !�"�#$��%"&'#'"()� (�� *�� C�� -�� *�+� ��J+�� !�"�#$� ("�/'�"()� 02� �� +� ��3!��%!�"�'&3!�%�#'!&��4"�("��44)�567829�>>:0� =8=>� � ??;;� =>07� � ::<:� ;2=>� � :::2� =?;<� �� "%�'4)��@��

AIN KHALID GATE:� 3��+� .�� 2� �� 0� %��-�� -�� +� �� 0� �� -��+�� *�� *�� !�"�#$� �%"&'#'"()� (�� A�� J+�� A�� H��H��*��+��*��+��!�"�#$�("�/'�"()�02��+��3!��%!�"� '&3!�%�#'!&��4"�("��44)� 567829� ::?=�870?� �::<:�:08=� � � ::<7�:7:?� � � ::<7�;2?0� �� "%�'4)� ��@��

BEVERLY HILLS GARDEN 2 (AL WAAB):� (��.��2��)�0�%��-��C��.��+��*��

��+��-�� *�� +��!�"�#$� �%"&'#'"()� (�� *�� +�� -��*�+��!�"�#$�("�/'�"()� 02� �� +� �� 3!�� %!�"�'&3!�%�#'!&��4"�("��44)�567829�>>:0�=8=>� �??;;�=>07� �::<:�;2=>� �:::2�=?;<� �??;;2?>?��"%�'4)��@�� BEVERLY HILLS GARDEN 1 (AL WAAB):� (��.��2��)�0�%��-��C��.��+��*��+��-�� *�� +��!�"�#$� �%"&'#'"()� (�� *�� +�� -��*�+��!�"�#$�("�/'�"()� 02� �� +� �� 3!�� %!�"�'&3!�%�#'!&��4"�("��44)�567829�>>:0�=8=>� �??;;�=>07� �::<:�;2=>� �:::2�=?;<� �??;;2?>?��"%�'4)��@�� VILLA DESTE 1 (AL WAAB):�(��.��:��)�%��-�� !�"�#$� �%"&'#'"()�(��*��+��!�"�#$�("�/'�"()�02�� +�� 3!�� %!�"� '&3!�%�#'!&� �4"�("��44)�567829�>>:0�=8=>� �??;;�0>72� �??;;�0>:?� :::0�?=2;��"%�'4)��@�� AZGHAWA COMPOUND (AZGHAWA):� (��.��2� ��)� >� �� !�"�#$��%"&'#'"()�(��*��!�"�#$�("�/'�"()�02��+��3!��%!�"�'&3!�%�#'!&��4"�("��44)�567829�>>07� 2>0= � ::<7� ;2?0� � � ??;;� 2?>?� � :::=� 08>2� �� "%�'4)��++��@��

AIN KHALID COMPOUND (AIN KHALID): Fully .�� =� �� )� �� !�"�#$��%"&'#'"()�(��*��+��*�� -�� *�+� �� 3!�� %!�"� '&3!�%�#'!&��4"�("��44)�567829�>>2>�>=?<� �::<:�;2=>� �:::2�=?;<� �??;;�0>72��"%�'4)��@��

AIN KHALID COMPOUND (AIN KHALID): Fully .�� 0� �� )� 0� �� !�"�#$� �%"&'#'"()� (�� *�� +�� *�� -�� *�+� �� 3!�� %!�"�'&3!�%�#'!&��4"�("��44)�567829�??;;�0>:?� �:::0�?=2;� �::<7�:7:?��"%�'4)��@��

REGENCY RESIDENCE AL SADD 1 (AL SADD): Fully .�� =� �� )� %��-�� !�"�#$��%"&'#'"()�(��J+��(�� A��(�� !�"�#$�("�/'�"()�02�� +� �� 3!�� %!�"� '&3!�%�#'!&��4"�("� ��44)� 567829� >>=;� 0?2?� � � ??;;� =>07� � >>77� 20??� �??;;2?>?��"%�'4)��@�� REGENCY RESIDENCE AL SADD 3 (AL SADD): 3��+�.��>K��)�%��-�� !�"�#$� �%"&'#'"()� 3��+� "H��**�� J+�� !�"�#$�("�/'�"()� 02� �� +� �� 3!�� %!�"�'&3!�%�#'!&��4"�("��44)�567829�>>=;�0?2?� �::<:�;2=>� �:::2�=?;<� �??;;�0>72� �??;;2?>?��"%�'4)��@�� REGENCY RESIDENCE ALSADD 3 (AL SADD): Fully .�� >� �� )� %��-�� !�"�#$�("�/'�"()� 02�E��+��3!��%!�"�'&3!�%�#'!&��4"�("��44)�567829�>>=;�0?2?� ??;;�0>:?� �:::0�?=2;� �::<7�:7:?� �??;;2?>?��"%�'4)��@�� REGENCY RESIDENCE AL SADD 10 (AL SADD): Fully .�� >� �� )� %��-�� 3!�� %!�"� '&3!�%�#'!&��4"�("� ��44)� 567829� >>=;� 0?2?� ??;;� 0>:?� � :::0� ?=2;� �::<7� :7:?� �� "%�'4)� ��@��@�� REGENCY RESIDENCE AL SADD 12 (AL SADD): Fully .�� =� �� )�� (*�� !�"�#$� �%"&'#'"()� 3��+� �H��**��+�� !�"�#$� ("�/'�"()� 02� �� +� �� 3!��%!�"�'&3!�%�#'!&��4"�("��44)�567829�>>=;�0?2?�� ??;;�=>07� �::<:�;2=>� �??;;2?>?��"%�'4)��@��

REGENCY RESIDENCE AL SADD 12 (AL SADD): 3��+�.��=��)�� (*�� !�"�#$� �%"&'#'"()� 3��+� �H��**��+�� !�"�#$� ("�/'�"()� 02� �� +� �� 3!�� %!�"� '&3!�%�#'!&��4"�("��44)� 567829� >>=;�0?2?� �??;;�=>07� �::<:�;2=>� �??;;2?>?��"%�'4)��@��

REGENCY RESIDENCE AL SADD 13 (AL SADD): 3��+�.��=��)�� !�"�#$� ("�/'�"()� 02� ��+� �� 3!�� %!�"� '&3!�%�#'!&� �4"�("�

��44)�567829�>>=;�0?2?� �??;;�0>72� �::<7;0;8� �:::0�?=2; �??;;2?>?��"%�'4)��@��

REGENCY RESIDENCE MUSHEIREB 1 (MUSHEIREB): 3��+�.��=�� !�"�#$� �%"&'#'"()� '��(��J+��(��A��C��!�"�#$� ("�/'�"()� 02� �� +� �� 3!��%!�"�'&3!�%�#'!&��4"�("��44)� 567829�::8;�=802� �::7>�?8:<� �>>77�20??� �::<7�:7:?��"%�'4)��@�� REGENCY RESIDENCE AIRPORT 1 (DOHA AREA): 3��+�.��=�� *��-��!�"�#$��%"&'#'"()�(��*��J+�� !�"�#$� ("�/'�"()� 02� �� +� �� 3!��%!�"� '&3!�%�#'!&��4"�("��44)� 567829� >>:?�8=:?� �>;>7�:0<8� �??;;�2?>?� �:::=�08>2��"%�'4)��@�� REGENCY RESIDENCE AIRPORT 1 (DOHA AREA): (��.��0�� *��-��!�"�#$��%"&'#'"()�(��*��J+�� !�"�#$� ("�/'�"()� 02� �� +� �� 3!��%!�"� '&3!�%�#'!&��4"�("��44)� 567829� >>:?�8=:?� �>;>7�:0<8� �::<7�<070� �??;;�=>07��"%�'4)��@��

REGENCY RESIDENCE AIRPORT 2 (DOHA AREA): (�� .�� 0� �� *�� !�"�#$��%"&'#'"()�(��*�� !�"�#$� ("�/'�"()� 02� �� +� �� 3!��%!�"� '&3!�%�#'!&��4"�("��44)� 567829� >>:?�8=:?� �>;>7�:0<8� �::<:�;2=>� �>>2>�>=?<��"%�'4)��@�� 63 OLD SALATA (OLD SALATA):�3��+�.��+*�� !�"�#$��%"&'#'"()� J+�� !�"�#$� ("�/'�"()� 02� �� +� ��3!��%!�"�'&3!�%�#'!&��4"�("��44)�567829�>>:?�8=:?� �>;>7�:0<8� �:::0�?=2;� �>>2>�>=?<��"%�'4)��@�� BIN DIRHAM 1 (MANSOURA):� L�.�� 0��)��!�"�#$� ("�/'�"()� 02� �� +� �� 3!��%!�"� '&3!�%�#'!&� �4"�("� ��44)� 567829� � >;>7� :0<8� �>>:?�8=:?� �??;;�0>72� �??;;�0>:?��"%�'4)��@��

BIN DIRHAM 5 (MANSOURA):� L�.�� 0��)��!�"�#$� ("�/'�"()� 02� �� +� �� 3!��%!�"�'&3!�%�#'!&��4"�("��44)� 567829�>;>7�:0<8� �>>:?�8=:?� � :::0� ?=2;� � ::<7� :7:?� �� "%�'4)� ��@��

18 FLATS (AL WAKRA):� =<� L�.�� *�� .�� *�� 0� .�� 02� �� 5�I�� 9� 3!��%!�"�'&3!�%�#'!&��4"�("��44)� 567829�>;>7�:0<8� �>>:?�8=:?� �>>2>�>=?<��"%�'4)��@�� DOHA GARDENS (AL WAAB):�3��+�.��>��)�%��C��!�"�#$�("�/'�"()�02��+��3!��%!�"� '&3!�%�#'!&��4"�("��44)� 567829� >>=;�0?2?� �??;;�=>07� �::<:�;2=>� �:::2�=?;<��"%�'4)��@��

BRAND NEW RESIDENTIAL BUILDING (WAKRA): L�.�� =:� L�� .� 0� �� )� �� 3!��%!�"�'&3!�%�#'!&��4"�("��44)�567829�>;>7�:0<8��"%�'4)��@��

AL ASMAKH TOWER (WESTBAY):� C�� &�� !.G��#�� )� �� .�� *�� *��+�� 3!�� %!�"� '&3!�%�#'!&� �4"�("� ��44)� 567829�>>;>88><��"%�'4)��+��@��

REGENCY BUSINESS CENTER 3 (GRAND HAMAD STREET): �� !.G�� (*�� *��+�� +��#/��(*��G��.��+��+��3!��%!�"�'&3!�%�#'!&��4"�("��44)� 567829� >;>7� :0<8� � >>:?� 8=:?� � :::2� =?;<� �� "%�'4)��@��

SALWA ROAD OFFICES:� %�� 6� =�� 3��)� =0�!.G�� 4�� =?2� �� =72� �H�� 0� �� (�� !.G�� 3!�� %!�"� '&3!�%�#'!&� �4"�("� ��44)� 567829� ::<7�;0;8��"%�'4)��@�� OFFICE COMMERCIAL BUILDING:� �� !.G��(*�� C��J��6�0�3��==2��(��3!��%!�"� '&3!�%�#'!&��44)� 567829�::<7�;0;8� �222<�:===� �2;2=�;80:��"%�'4)��@��

J-COMPLEX: Brand New Commercial Building (Umm Salal Mohammed).� ��!�"�#$� M"#�'4()� "��*�� *��+�� 3!��%!�"� '&3!�%�#'!&��4"�("��44)� 567829� :::=08>2� � :::0?=2;� �� "%�'4)� ��@��

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