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6.6 Magnitude Earthquake strikes North of Rome Italy

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6.6 Magnitude Earthquake struck 170km north of Rome in Italy.  According to reports the epicenter of the Earthquake was closer to Norcia, the same area hit by two earthquakes last week and a previous earthquake in Augusts that killed nearly 300 people.

Last Updated on Monday, 31 October 2016 07:41

HE the Prime Minister Meets Chairmen of Qatari Stock-Listed Companies

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HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani said Tuesday that the directives of HH the Emir Sheikh Tamim bin Hamad Al-Thani are that the private sector must be an active partner to the government and a pillar of the national economy.

HE the Prime Minister noted that the State of Qatar was one of the biggest countries in terms of spending on national projects. Spending on major projects reached QR56 billion in the first six months of the year. The past two months also saw signings of QR16 billion. HE the Prime Minister said that the budget for the 2017 fiscal year will see an increase in spending on the state's big projects, something that will enhance economic growth in the State of Qatar.

His Excellency was speaking during a meeting with Chairmen of companies listed in the Qatari stock market. The meeting took place at The Sheraton Hotel with a number of ministers and ranking officials present.

HE the Prime Minister discussed some of the features of the 2017 budget. His Excellency said that the government will focus on completing its major projects in infrastructure, education, health as well as the projects tied to the World Cup 2022. These commitments will lead to an increase in spending on those projects in the next three years, His Excellency added.

HE the Prime Minister noted that the number of listings in the stock market did not match the economic growth of the country and required further listings and initial public offerings in the future. His Excellency stressed that the government was keen on backing the role of the country's financial market.

His Excellency added that a number of companies and investment funds will list in the Qatari stock market in the coming period. The government is encouraging family business to list their companies in the stock market, His Excellency added.

His Excellency noted that there is a keenness to turn Msheireb into an international financial center.

HE the Prime Minister said that the government was committed to continue improving the ease of doing business and investing in Qatar by developing the legislative framework and simplifying procedures. His Excellency expanded on that point saying that there was a committee revising the procedures and charged with facilitating the private sector's ability to participate in all of the country's economic activities, highlighting changes to the visa and transit visas as an example of these efforts.

There will also be a facilitation in the process of obtaining a working visa to allow the private sector to obtain its needs from the job market, HE the Prime Minister added.

His Excellency then said that Qatar always enjoyed a strong coordination between fiscal and monetary policies, adding that the government was keen on supporting the role of the banking sector.

HE the Prime Minister said that the cabinet is applying the finishing touches to Qatar National Development Strategy 2017-2022, the second strategic plan in the process of achieving Qatar National Vision 2030. Some of the features of the new strategy include enhancing the partnership with the private sector. Other features include developing the logistics sector, the process of offering land to investors, developing the legislative framework and simplifying the procedures for investment.

Today's meeting is part of the government policy and the effort of HE the Prime Minister to coordinate between the country's public and private sector. It also serves as a way to discuss different views on how to advance the business and investment environment in Qatar, in order to increase local and foreign investments.

HE the Prime Minister agreed to form a joint committee between the government and the private sector that meets regularly to discuss challenges facing the private sector and their solutions. The committee would then present its reports to the Prime Minister. (QNA)

Doha, October 04 (QNA) - News Courtesy - Qatar News Agency

Last Updated on Wednesday, 05 October 2016 05:48

The Sustainable Exploitation of the Ocean’s Minerals and Resources

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In contributing to the theme of the International Year of Water Cooperation, this article provides a perspective from a Pacific Small Island Developing State. In the context of the large body of water that surrounds Fiji and other Pacific Small Island Developing States (SIDS), a vital and long-standing concern has been the sustainable exploitation of the ocean's living resources and, more recently, the non-living or mineral resources.

Last Updated on Tuesday, 21 June 2016 04:41

Time to Repay the Nature

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Breathing is an activity of all the creatures on this planet & it’s a greatest blessing that we got from this earth to our daily survivals. But we have pulled in to a situation of purchasing the oxygen from the shop to breath. This incident has caused in china & Hong Kong recently according to the Reuters: “Millions of people in china and Hong Kong are breathing dirty air with terrible health consequences”.

Last Updated on Thursday, 16 June 2016 05:00

Heat Waves hit India and Thailand

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Image by - Observatory NASA

April in Southeast Asia is usually a hot month, following the cool, dry season and preceding the monsoon season. But April 2016 was not your typical April. Throughout the month, ground-based measurements of air temperatures soared above average; one location in Thailand even broke the national record.


Last Updated on Friday, 06 May 2016 08:02
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