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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

More than Two Thirds of Latin American and Caribbean Nations’ Climate Action Plans Refer to a Price

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Countries in Latin American and the Caribbean region are among the most ambitious in terms of combating climate change and are increasingly making use of markets in order to reduce greenhouse gas emissions and to green their economies.

Last Updated on Thursday, 06 October 2016 06:07

The Casablanca Declaration by the Civil Society Organization

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After a two days of serious meeting at the International and African Conference in Casablanca Morocco the Civil Society Organizations has come up with a declaration towards to the COP 22 Marrakesh.
“Record-breaking temperatures month after month, a succession of cyclones, hurricanes, floods, forest fires and debilitating droughts remind us that climate change is a reality which

Last Updated on Monday, 03 October 2016 07:24

Nature's most beautiful death

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In October 2014 we started responding to the 3rd Global Coral Beaching Event as part of the XL Catlin Seaview Survey. In fact we’ve been the only team recording and revealing its impact on reefs on a global basis using our specially designed 360-degree cameras.

Last Updated on Saturday, 01 October 2016 09:03

Latin American and Caribbean Carbon Forum on Climate Change

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The Latin American and Caribbean Carbon Forum (LACCF) will set off in Panama City on Wednesday, 28 September, bringing together key players from the private and public sectors to discuss ways to speed up the reduction of greenhouse gas emissions through national climate action plans and market-based mechanisms, and to reach out to cooperation agencies, potential investors and service providers.

Last Updated on Friday, 30 September 2016 08:22
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