Editorial
Khalifa Bin Jassim Bin Mohammed Al Thani Qatar Chamber Chairmam
Qatari investments abroad and income diversification
In fact, we have successfully achieved real progress in diversifying our internal economy throughout developing small and medium industries and fostering the public-private partnerships for further investments in the local market at all fields. Meanwhile, a great progress has been made in Qatar’s direct abroad investments leaded by the Qatar Investment Authority (QIA) including private sector investments covering many countries around the world. Qatari overseas investments policy relies on adopting investment opportunities with least risk and maximum profit. These investments are considered “strategic”; they are selected and planned to yield large revenues in the long term and to be income resources for the future generations. H.H Sheikh Tamim bin Hamad Al Thani , Emir of the State, is keen on providing all Qatari citizens the same standards of prosperity and welfare generation to generation. In spite of the current fluctuations the world economy has facing, the financial crisis and oil prices decline, Qatari aboard investments have become a positive sign year after year. They are increasingly expanding through new large scale deals and injecting in new vital foreign markets.
Therefore, Qatari investments became now the most prominent in the international level covering an array of sectors including petrochemicals, real estate, banking, hospitality, tourism, infrastructure …etc. The success of Qatari investments abroad has been achieved great leaps thanks to the best choice of the appropriate time and destination, along with providing the feasible studies for targeted enterprises and the superior performance in management of these investments. Qatar has emerged as a major player and investor. Qatari investment are now surprisingly expanding in the world’s strongest markets such as Europe, Asia and US as well. It is worth mentioning that the growth of Qatari investments in UK is expected to touch (£35 b) in the few years supported by a real desire from Qatari businessmen to raise their investments and businesses there. On the other hand, more than 79 companies of 100% British capital are operating in the Qatari market in oil, gas, infrastructure and IT sectors, while the total British companies of joint capital are more than 600 companies. Few days ago, the “ Business and Investment in Qatar” Forum was held from 27-29 March in London and Birmingham with large participation of both countries businessmen. Hopefully, its outputs will contribute to enhancing Qatari direct investments in UK, opening new opportunities for Qatari businessmen and luring British investments to Qatar.
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conomic diversification policy in Qatar is often the prominent motive in drawing up its economic plans and strategies.
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Article
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Human Capital
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he word “Capital” as an economic term is defined as the necessary funds and materials to establish an economic or trade activity for the purpose of making profits. There are many kinds of capital such as fixed, dynamic, paid and invested capital. Among of these terms, human capital is featured as one of the most important tools for achieving success in any institution or company. Thus, the interest in improving and developing the human resources is the key to achieving continuous progress in the long run.
It is important to note that, throughout our participation in regional and international meetings, we are keen to share experiences and skills with our counterparts and bring the latest knowledge and innovation in order to contribute to building the based-knowledge economy which is a strategic objective of the State of Qatar.
Saleh bin Hamad Al Sharqi Director General
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The employee is considered the company’s human capital. Whenever the company invests better in its staff, it will be able to achieve the targeted productivity and profitability. Therefore, it is highly important to foster the concept of “human capital” among private sector enterprises and urge them to develop the human cadres throughout continuing training programs and gaining new skills and knowledge. This approach will help strengthen the enterprise ability to compete locally and globally. There is a robust relationship between the human capital and the economic growth. Companies that recruits highly trained and qualified employees, they indeed make a marked contribution to the economic process and participate actively in the economic growth of the country. If we seek to stimulate the private sector in the economic sustainability to play a major role in the economic process, the first step shall be developing the human element, taking into account that standards of knowledge and skills are variant in every person. Thus, the work efficiency can be improved through the investment in the human cadres. Qatar Chamber has placed the qualification and training a great priority through holding ongoing series of training courses for not only its staff but for public and private companies representatives as well. The chamber believes very firmly in the importance of the human capital in the economic process. It adopted many initiatives and organized specialized training programs which helped develop the performance of trainees and enhance their job satisfaction.
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In this issue
Contents Monthly Economic Magazine issued by
Chairman & Editor –in-Chief Khalifa Bin Jassim Bin Mohammed Al Thani
Director General and Deputy Editor-in-Chief Salih Bin Hamad Al Sharqi Managing Editor Nael Salah
Qatari companies have the experience to engage in large-scale projects
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Photography Entsar Nasir Layout & Design Uday Al-Tai
Printed by
Niger’s President calls Qataris to invest in his country
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info@graphiccenter.qa
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Qatar Chamber continues to achieve successes at local and international levels. Locally, the Chamber has managed to find solutions to 95% of obstacles facing the private sector which had been reviewed with the concerned authorities. Globally, it has strengthened its presence and appearance in the international level through the winning of HE. Sheikh Khalifa bin Jassim Al Thani, the Chairman, the “Merchant of Peace” award which is the highest distinction given by the ICC to the prominent businessmen as a recognition of theirs efforts and contributions for trade facilitation worldwide. Editor
ICC Qatar held panel discussion on “Qatar’s New Arbitration Law”
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Sheikh Thani: Arbitration law supports investments in Qatar
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Also read in the issue
QC Chairman receives ICC ‘Merchant of Peace’ award
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Gulf chambes hails Qatar propsal to unify electronic certificate of origin
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Al Sharqi: A “GPS” overall database for all companies
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Qatar Chamber unveils new service to obtain COO online
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QC Monthly report : Non-oil exports touched (QR1.4b) in Jan 2017
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QC explores cooperation with Azerbaijani delegation
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Japan keen to expand ties with Qatar beyond energy
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“ Zabarjad ” Jewelry gallery opened
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Qatar Chamber, EU Trade Delegation Review Cooperation
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All queries can be directed to the Managing Editor
www.qatarchamber.com nael@qcci.org P.O B: 402- Doha- Qatar Tel: 44559111 – 44555803 Fax: 44661639 – 44661697
QIB sponsors New Arbitration Law Training Programme
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conferences
HE the Prime Minister Inaugurates the Qatar-UK Business and Investment Forum
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E the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani inaugurated at Grosvenor House Hotel in London, the Qatar-UK Business and Investment Forum, which is held over two days in London and Birmingham.
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uring his opening speech HE the Prime Minister stressed that the forum confirms the historic bilateral relations between Qatar and UK in all fields and all aspects whether on an official level or on a business level.
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On the forum, HE the Prime Minister and Minister of Interior said that it comes at important when both countries are continuing their development efforts. His Excellency added that the forum will be an important opportunity to strengthen bilateral ties and open new investment opportunities for both the public and private sectors. HE the Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani noted that the United Kingdom is now looking to bolster its strategic ties in all fields. Qatar for its part, HE the Prime Minister added, was entering an important phase in the implementation of
the programs and projects that would help realizing Qatar National Vision 2030. His Excellency said that the country has finished the first phase which is National Development Strategy 2011–2016 and is entering the second phase from 2017-2022. These plans will help the State of Qatar build in the future a diversified economy that is
not reliant on natural resources but rather knowledge based. One of the priorities, HE the Prime Minister said, was to transform Qatar into an international hub for knowledge-based and innovative industries. Qatar is also looking to expand its partnerships in the field of education, health, sports, and security.
www.qatarchamber.com
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E the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohammed Al-Thani said that the economic vision set by the State of Qatar for 2017-2022 period focuses on economic diversification away from the oil and gas sector.
Speaking at the second session of the Qatar-U.K. Business and Investment Forum, His Excellency said the 2030 vision aims at upholding these ambitious plans to diversify the economy, adding that the availability of advanced infrastructure enabled the State of Qatar to turn development plans into reality on the ground. HE the Minister of Economy and Commerce added that the future projects carried out by the government to achieve this goal include a new airport, a new port and new highways, as well as extended investment zones. “We are looking for investors to invest in our investment zones that have advanced infrastructure,” His Excellency said.
QC Chairman: Qatar Offers Clear and Easy Procedures for Investors
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he State of Qatar promotes all types of investments and offers clear and easy procedures for investors, HE Chairman of the Qatar Chamber of Commerce and Industry (QCCI) Sheikh Khalifa bin Jassim Al-Thani said, stressing that the country focuses on «education and health sectors» and encourages the private sector to enter these sectors. In remarks at the third session of the Qatar-U.K. Business and Investment Forum, Sheikh Khalifa bin Jassim Al-Thani added that the policy of economic diversity pursued by Qatar has developed significantly, pointing out that the financial and educational services and others including the construction field contributed significantly to the GDP. He also commended the contribution of the nonoil sector which surpassed the export of oil in 2014, adding that this indicates the success of the economic diversification policy in the country.
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Economy Minister: Qatar Focuses on Economic Diversification Away From Oil and Gas Sector
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News
QC urges members to update companies data
Al Sharqi: A “GPS” overall database for all companies
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s part of its strategy which aims to update its members’ data and information, Qatar Chamber (QC) urged all 53000 members to quickly update their contact information and data via its website, a press release issued by the Chamber said yesterday. The updating process includes number of steps starting by filling out the online application including the owner’s personal information , name of the company, its sector, address, P.O Box, Email ..etc. The new application is supported by the use of a “GPS” System to definitely set the location of the company.
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atar Chamber Director General Saleh Al Sharqi said that we are currently working on updating all members data in the frame of the Chamber’s plan to set up an integrated database. He pointed out that there are some companies that had changed its information without notifying the Chamber, noting that it is difficult to contact with these companies without providing us with new updated contacts.
The updating process enables companies to be informed on all our activities and events, he affirmed. Developing a comprehensive database for our members came in the framework of the Qatar National Vision 2030 which seeks enhancement our position among all world chambers, Al Sharqi added. “We are attaching the members data a great priority in order to be informed
www.qatarchamber.com
Saleh Al Sharqi
For her part, Al Anoud Zayed Al Mohannadi, Acting Director of Member Affairs Dept. said that the Chamber has exerted strenuous efforts to develop members’ data, pointing out that there is a close cooperation between the Chamber and the Ministry of Economy and Commerce regarding this affair. She added: «There is a joint committee with the Ministry follow up on all matters relating to QC members, and there is a link with the ministry to inform the Chamber on all update processes that take place in the Ministry» Mohannadi noted that updated data are very important for the members themselves, as it enhances the Chamber’s communication with them, it also enables companies to be familiar with our activities, meetings, trade delegations hosted by the Chamber and all exhibitions and conferences. It also helps members to recognize the role played the Chamber in business community, whether at the local, regional or international level, and our services as well.
This database would facilitate our outreach with members to inform them by the government decisions, circulars, international agreements, brochures, publications and training courses, questionnaires, surveys, studies and research. She urged all operating companies in Qatar to correct their data through a direct visit to the Chamber venue Department of Member Affairs, or via the website of the Camber, or by sending a fax or an e-mail attached with a copy of the valid commercial registration, copies of authorized signatories and partners identities. She expressed her hope that all companies respond to Chamber’s call and send up-to-date data before the coming general assembly meeting.
Al Anoud Zayed Al Mohannadi
There is a joint committee with the Ministry follow up on all matters relating to QC members
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about everything related to Qatari business community and to be the first point of contact to all business and private sector institutions and bodies from all over the world”, he said.
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News
Qatar Chamber unveils new service to obtain COO online
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atar Chamber has launched a new service to allow private companies to obtain certificate of origin (COO) online from its website.
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The new service will enable private companies to get rid of all problems they faced like slow procedures,” said Saleh Hamad Al Sharqi, Director General of Qatar Chamber. “The companies will get services in their offices as the system is being converted into paperless”. The new service can be availed by downloading a subscription form from the system. The applicant is required to fill in the form, put signature of owner of the company and submit at Qatar Chamber. «QC will soon launch a mobile application that will have all services provided by it as all transactions will be transferred on it after final approval,» said Al Sharqi.
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QC has upgraded its website making it a platform to interact with Qatari businessmen. They could be in touch with QC, and give their feedback about challenges they faced.
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The website has separate page about investments in Qatar showcasing investment opportunities and law encouraging attracting the investment. A separate page is also available at the website about the tenders floated by the Central Tenders Committee in a bid to update the companies about the tenders.
News Qatar Chamber Monthly report on the volume of Qatari private sector external trade
Non-oil exports touched (QR1.4b) in Jan 2017
• GCC countries received 55.6% of the total exports(QR778.3m) • 5309 certificates of origin were issued during the month in 60 markets around the world • UAE is the first partner for the private sector ( exports QR646.1m)
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• Major importers are Oman , Bangladesh, KSA, Germany and Turkey
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www.qatarchamber.com
QIB sponsors New Arbitration Law Training Programme
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he sponsorship agreement was signed by The Qatar International Centre for Conciliation & Arbitration board member, Sheikh Thani bin Ali Althani and Qatar Islamic Bank Group Chief Executive Officer, Mr. Bassel Gamal, in the presence of Qatar Chamber Director General Saleh Hamad Al Sharqi. Mr. Bassel Gamal, GCEO of QIB Group, addressed the press conference, saying: “QIB’s sponsorship and participation at the training courses, organized by Qatar Chamber’s Qatar International Center for Conciliation and Arbitration (QICCA), is part of the Bank’s commitment to raise
awareness and building qualitative knowledge given the economic growth and development of Qatar which made the country an attractive destination for foreign investment” . Bassel Gamal continued: “As a member of the Qatar Chamber, QIB supports initiatives which strengthen the implementation of Qatar’s National Vision 2030 and support the country’s economic development. We expect that international companies doing or preparing to do business in Qatar welcome all developments which provide and strengthen Qatari
business environment”. He underlined QIB’s pioneering role as Qatar’s leading Islamic Bank in providing shariacompliant financial solutions to all segments of the financial markets, including individuals, government institutions, large corporations and SMEs. With the Bank’s strategy being closely tied with the Government’s commitment to investments in the country’s infrastructure, the diversification of the economy and the development of a strong private sector, QIB actively contributes to all economic activities and growing sectors in the State of Qatar.
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he Qatar International Centre for Conciliation & Arbitration (QICCA) has announced that Qatar Islamic Bank (QIB) is sponsoring its training program of “Qatar’s New Arbitration Law”. The 1st stage of the programme will be held on the 19th and 22 of March at the Qatar Chamber venue.
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www.qatarchamber.com
Non-oil sector growth assured our companies keep pace with the economic development
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n a press statement issued yesterday, Qatar Chamber has announced its monthly report for January 2017 which focused on the development in non-oil exports which touched (QR1.4b) according to the certificates of origin issued during the said month.
The report revealed that private companies have exported (QR 778.3m) to GCC countries which is estimated by 55.6% of the total exports. Number of certificates of origin issued during January are 5309 certificates, including 166 were electronically issued via the Chamber’s website. Comparing to January 2016 which seen issuance of 4438 certificates with an increase of 19.6% . Destinations of issued certificates covered 60 countries which confirm the trading vigor of the local companies and the durability of Qatar economy. Commenting on the report data, Qatar Chamber chairman HE. Sheikh Khalifa bin Jassim Al Thani said Qatar has proven its presence in the international economic and trading map, pointing out to the volume of the non-oil external trade which showed the ability of local companies to keep pace with the economic development Qatar witnesses thanks to the wise directives of HH. Sheikh Tamim Bin Hamad Al Thani, Emir of the State. He underlined Qatar’s interest to grant the private sector greater contribution in the local GDP and its focus on the non-oil exports which is based on its strategy of economic diversification. The report findings presented positive indicators of the local companies exports which are mostly owned by the private sector, expecting it will see extra growth during the coming months, he noted. Sheikh Khalifa assured that the non-oil sector have witnessed rapid growth in the last few years. They became a key motive of the State’s growth, saying: “the sector will continue in strengthening its share in the GDP due to the expected rise in oil prices in the international market”.
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Sheikh Khalifa bin Jassim: the Qatari private sector plays a key role in the economic growth
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Delegations
QC explores cooperation with Azerbaijani delegation
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atar Chamber (QC) discussed separately with delegations from Azerbaijan and China, the horizons on which to enable stronger bilateral relations in various fields to benefit the economies of Qatar, Azerbaijan and China.
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ice Chairman of QC Muhammed Bin Ahmed Bin Towar said at the forum hosted by the chamber today that the Qataris hope to explore available investment opportunities in Azerbaijan, confirming that QC supports the establishment of partnerships and projects held between Qatari and Azerbaijani businessmen. Qatar and Azerbaijan hold diplomatic relations since 1994 and is of top priority to both nations’ leaderships; the economic diversity is considered one of the main pillars of Qatar National Vision 2030which encourages businessmen to explore innovative fields in order to enable balanced foreign investments, he added.
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Twar praised the investment and trade scene in Qatar which attracts investors from all around the world especially in light of the massive projects being implemented to develop the infrastructure in preparation for the World Cup 2022.
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He further added QC’s willingness to provide all information and data on the local market to the Azerbaijani companies and put them in contact with Qatari partners in all fields. Rufat Mammadov ?President at Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said that the goal of the visit is to deepen the trade and economic relations between both economies and encourage mutual investment.
Mammadov did a presentation on Azerbaijan’s abilities and investment opportunities which covers the availability of natural resources such as petrol and gas. In addition to the opportunities found in the fields of agriculture, tourism, food manufacturing, communications and chemical industries. He invited Qatari businessmen to explore the business opportunities in Azerbaijan which is considered an important investment destination due to the incentives set by its government such as the ease of company registration procedures, tax exemptions,... etc. He also mentioned the increase of Qatari tourism in Azerbaijan in the past few year by six times, hoping that other trade and economy field also increase.
www.qatarchamber.com
Niger’s President calls Qataris to invest in his country
between business owners from both sides and attract Qatari investments to his country, especially in light of the legislative amendments and new laws on firms, tax waiving, partnership between the public and private sectors as well as facilitations offered by the government for the business environment. Niger’s economy grew by 6 percent over the past five years, the president said, adding that his country enjoys a strategic location in western Africa and can act as an access point for Qatar to the Economic Community Of West African States (ECOWAS), a huge market of 300 million people. He added that his country signed an agreement with Qatar on double taxation, with another agreement
on the legal framework to be signed soon with the aim of facilitating and protecting Qatari investments in Niger. In turn, Qatar Chamber Vice Chairman Mohamed bin Tawar said several Qatari businessmen are keen on learning about the investment opportunities in Niger, particularly as Africa becomes a business destination. He added that the chamber is working to encourage business owners to learn about emerging markets such as Niger, especially food security and industries. He said the chamber welcomes the president’s invitation and will work on arranging a visit for Qatari businessmen to Niger.
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uring a meeting with a number of businessmen at Qatar Chamber, the president pointed to the investment opportunities in his country in the fields of infrastructure, energy, communications, agriculture, food security, tourism and hospitality, and mining, calling on business owners to benefit from the investment-friendly atmosphere in his country and the legislations that protect investments and capital. The president praised the deep ties between Qatar and Niger, which, he said, both sides aim to strengthen on all fronts, adding that the two countries enjoy strong political ties and share several values. He added that the aim of his visit is to create means of communication
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Delegations
Qatar Chamber, Trade Maltese Delegation Hold Meeting
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atar Chamber and a commercial delegation from the Trade Malta Ltd, led by its CEO Anton Buttigieg held a meeting, which brought together a number of Maltese companies in the banking, education, information technology, construction and real estate sectors.
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he two sides discussed prospects of joint investment cooperation and ways to explore new channels of communication between Qatari businessmen and their Maltese counterparts.
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QC Vice Chairman Muhammed bin Ahmed bin Twar said that trade exchange between both countries do not rise to the high level of bilateral diplomatic relations, referring in this regard to the agreements and memoranda of understanding and cooperation signed by the two countries. He called on the private sector from both countries to work on stimulating cooperation especially since the investment opportunities are motivating, expressing hope that Qatari investments will enter in the Maltese markets. QC board member Mohammed bin Ahmed Al Obaidly said that the State of Qatar is considered as a model of partnership
between the public and private sectors, underlying the ongoing efforts aimed at developing the private sector and increasing its contribution in Qatar’s Gross Domestic Product. The Qatari government is keen on increasing the investments in food security field, he said, noting that Qatar Chamber encourages investors to channel their investments to this sector. The Maltese delegation made a presentation on the
most prominent investment opportunities in Malta such as food, drink, software, education and training sectors. It has also introduced Trade Malta Ltd which was established in partnership between the government of Malta and the Malta Chamber of Commerce in order to support the Maltese companies to develop their products and industry paving the way for them to reach international markets.
www.qatarchamber.com
Japan keen to expand ties with Qatar beyond energy B
eyond the energy and heavy industries sector, Japan seeks to expand its economic ties with Qatar to medical care, education and environment, Japanese Ambassador to Qatar HE Seiichi Otsuka said at a meeting hosted by the Qatar Chamber in Doha. «Japanese companies are ready to transfer advanced technologies and experiences in these fields,» Otsuka said. A delegation of 40 businessmen and representatives of major companies in Japan attended the meeting alongside prominent Qatari investors. The Japanese delegation was headed by Masami Ando, the managing director of the Dubai office
of Japan External Trade Organisation (JETRO). Its Dubai office, founded in 1981, strives to promote economic cooperation between Japan and the Gulf Arab states and to assist investors enter the Japanese market and expand their business there. The meeting discussed bilateral economic relations and potential investment coorporation between theprivatesectorsinthetwocountries. Terming the relations between Japan and Qatar as «distinctive on all levels», Qatar Chamber Vice Chairman Mohammed bin Ahmed bin Towar al Kuwari laid emphasis on economic cooperation between the two countries. He said the trade volume between Japan and
Qatar reached $18 billion in 2015. «Japan received the first shipment of gas from Qatar in 1996, and now Qatar is supplying Japan with more than half of its gas needs. There are more than 50 Japanese companies operating in Qatar, and contribute to the overall development of Qatar. Meanwhile, Qatari investments in Japan are increasing year after year.» He said the Chamber would encourage coorporation between Japanese and Qatari companies in construction, building materials, food, security, safety and technical sectors.
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ayor of the Brazilian City of Sao Paulo Joao Agripino da Costa Doria on Wednesday invited the Qatari businessmen to learn about the business and investment climate in his country, especially in the city of Sao Paulo, which enjoys great potential in all sectors, especially infrastructure and real estate. During the meeting held in Doha today and attended by HE Brazil’s Ambassador to Qatar Roberto Abdullah, Doria briefed the participants about the City of Sao Paulo, the largest city in Latin America, which accounts for 18% of
Brazil’s gross domestic product and presents a distinctive investment destination attracting businessmen from all over the world. In this context, the Brazilian official pointed to the efforts being exerted to organize a Forum in Brazil in the first half of 2017 which will bring together Qatari and Brazilian businessmen. The event is aimed at providing an opportunity to get closely acquainted with the most important features of the Brazilian economy and the available opportunities in order to take advantage of those opportunities to enhance the Qatari investments in the Brazilian market.
For his part, QC Vice President Mohammed bin Ahmed bin Twar said that Brazil’s experience in organizing the FIFA World Cup 2014 paves the way for the private sector in both countries to exchange experiences on the related projects to hosting the 2022 FIFA World Cup in Qatar, especially that the State of Qatar attaches great importance the private sector’s participation in major projects. He praised the Mayor of Sao Paulo’s visit to Doha as a ‹unique opportunity’ to enhance the efforts being led by both sides to expand the areas of economic and investment cooperation between the Qatari and Brazilian companies.
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Qatar Chamber Discusses Investment Prospects of Cooperation with Sao Paulo
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Delegations
Turkmenistan woos Qatari investors D
eputy Chairman of the Turkmenistan Cabinet of Ministers Batyr Atdayev urged Qatari businessmen to invest in Turkmenistan and to make use of the various opportunities and facilities provided by the Turkmen government to foreign investors. In an economic forum held at Qatar Chamber (QC) for a Turkmen delegation of officials and businessmen, Atdayev said that his country has inaugurated multiple free zones and facilities for the foreign investors. There
are a number of equal investment opportunities for Qataris on the private and public sector, he added. He highlighted that the textile industry is one of the most important sectors in the country, where 70 factories produce environmentally friendly cotton that is then exported as fabric to almost 30 countries around the world. He pointed to many other trade and investment opportunities in the agriculture, health, tourism, construction, and other sectors that his country is looking forward to develop in the near future. Qatar Chamber vice-chairman Mohammed bin Ahmed bin Towar said the chamber is interested in
ICBC delegation visits the Chamber
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uring a meeting with a Chinese delegation, Ali Abu Sherbak Al Mansouri, Qatar Chamber assistant manager for government and international relations, referred to the strong relations between Qatar and China, saying that China is a strong economy with demand in many markets around the world. Qatar Chamber did a presentation on its establishment, development and the role it plays in the Qatar business community in order to prosper the private sector and market the local products nationally and internationally. The presentation also touched on the procedure of establishing a business in Qatar and the important milestones in Qatar’s
economy and the private sector, the incentives the chamber provides, the local entities that welcome investments and the projects that Qatar currently implements. The vice president of Industrial and Commercial Bank of China (ICBC) and the head of the visiting delegation said that the aim of the meeting was to introduce the Qatar business community to ICBC and the opportunities available between both countries. He added that Qatar is considered an important milestone for the bank especially in light of the strong relations between Qatar and China in all
further exploring and developing business in Turkmenistan in different fields and sectors. QC encourages the private sector and national businessmen to direct their investments towards Turkmenistan due to its promising opportunities in different fields, he added. Qatar Development Bank (QDB) Executive Director of Business Finance Khalid Abdulla Al Mana presented the bank’s activities and its role in providing fund to the private sector, pointed out that the bank had launched in 2016 a QR365m fund to support small and medium-sized companies.
fields, saying that ICBC is the first Chinese bank to hold foreign investments with more than 80,000 employees and capital assets of more than $50 million. He said that the bank has a network of 22 branches around the world including Qatar, which is considered one of the most active and developing branches due to Qatar’s strong economy where the bank works as a platform for partnerships. The size of ICBC assets are valued at $12.3 trillion and is considered the richest financial institution in the world, with specialization in treasury operations, retail loans, in addition to corporate banking.
Interview
www.qatarchamber.com
PPP achieve sustainable development .. QC Chairman:
Qatari companies have the experience to engage in large-scale projects
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E Chairman of Qatar Chamber Sheikh Khalifa bin Jassim bin Mohammed Al-Thani said that the partnership between the public and private sectors in the country is currently in its best, stressing that the private sector’s commitment to undertaking entrusted role, and contributing positively in all sectors promotes the multilateral efforts to achieve the sustainable development.
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Interview
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n an interview with Qatar News Agency (QNA), Qatar Chamber’s Chairman said that the speech of HH the Emir Sheikh Tamim bin Hamad Al-Thani at the opening of the 45th ordinary session of the Advisory Council last November showed keenness for the achievement of a partnership between the public and private sectors, allowing government projects to be implemented by the private sector, and the promotion of foreign investment in Qatar.
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HE also praised wise leadership’s keenness to support the participation of the private sector in the projects offered by the state, giving an opportunity for Qatari companies to be an important and key player in these projects, especially since the country is witnessing the establishment of large-scale projects in the coming years with the ongoing preparations to host the 2022 FIFA World Cup, as well as the projects listed in the development strategy of the state and Qatar National Vision 2030, pointing out that the Chamber started to prepare a draft project for a partnership between the public and private sectors that will strengthen it, especially in light of stakeholders efforts to relieve all bureaucratic complications, attracting more capital and investment to the State of Qatar. HE Sheikh Khalifa bin Jassim bin Mohammed Al-Thani added that Qatar Chamber spotted a number of obstacles faced by businessmen and investors, including the need of some laws to be reconsidered to keep pace with economic growth, in addition to the need to put up industrial land at reasonable prices, provide commercial streets, streamline recruitment procedures and assign projects to Qatari companies, calling for removal of all restrictions and barriers that prevent private sector to play its role. He also demanded to give the private sector a real opportunity to participate in implementing projects
due to be established in the state and in all economic activities. HE hailed the directives of HE Prime Minister and Minister of the Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani to solve the problems faced by the private sector, along with the existing coordination with HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohammed Al-Thani on strengthening the partnership between the two sectors and the monitoring of all the obstacles facing the private sector to remove them to contribute in building the country’s economy. About the Qatari private sector’s ability to engage in a challenge posed by economic development’s projects, HE Chairman of the Chamber said that the private sector cannot engage in a challenge in the implementation of economic projects without turning the directives of HH the Emir Sheikh Tamim bin Hamad Al-Thani, aimed at supporting the private sector, into reality by all executive bodies in the state. He added that laws and regulations are required to provide immunity to the private sector to face foreign companies, calling on government entities and institutions to stop establishing companies that compete with the private sector, and to support and encourage it to invest in the industrial sector, as it is the best way to diversify income sources. HE pointed out to the desire and willingness among Qatari business owners and companies to complete and implement these projects or get satisfactory stakes in them or in partnership with foreign companies as key contractors in the industrial sector which is one of the most vital sectors, that will witness a great development, especially in the field of small and medium enterprises, in light of the trend towards diversification of income sources adopted by the general strategy of the state.
Laws required to enable the private sector to compete foreign companies Sheikh Khalifa bin Jassim bin Mohammed Al-Thani also said that Qatari companies have the experience and quality that enable them to engage in large-scale projects, warning that the obstacles to get lands for the establishment of industrial projects remain a problem, expressing hope that these obstacles to be overcome with the development of economic zones. Regarding his assessment of the march of the Chamber and its role in the diversification of the productive base of the State of Qatar and the support of its payments budget, HE Sheikh Khalifa bin Jassim said that the Chamber was able to prove its presence the GCC, Arab and international levels and it has positive participations in the local and international forums, events and conferences that contribute to the definition of Qatari business community and investment environment. He underlined that the chamber’s strategy is going according to Qatar National Vision 2030 in the importance of reducing dependence on the energy sector as a major source of income, diversifying income sources and investing in all sectors. HE Chairman of Qatar Chamber said that the exchange of trade delegations between the Chamber
The Chamber proved its presence in the GCC, Arab and international levels and other business entities bring the distance closer between Qatari businessmen and their counterparts from all over the world and united them under one umbrella for discussion and to find suitable partners, adding that delegations’ visits contribute in the definition of Qatari business society and market, stressing that Qatar is an attractive destination for foreign investment. HE Chairman of Qatar Chamber of Commerce and Industry Sheikh Khalifa bin Jassim bin Mohammed Al-Thani said that the purpose of holding «Made in Qatar» exhibition abroad is to promote the Qatari products. He said that the first lunch of the exhibition in Riyadh has achieved a significant participation and presence of senior Saudi officials and business owners and contributed in defining the Saudi consumer of development achieved by the Qatari industry. HE said that it was also a good chance to hold meetings, events and joint business forum, during which ways to increase joint investments between the two countries were discussed, and was an opportunity to explore ways to take advantage of Qatari and Saudi Arabian Industries in promoting intra-regional trade, searching for investment opportunities available in both
countries and encouraging Qatari and Saudi businessmen to establish joint economic projects that serve the two brotherly countries. About the easy access of business owners to the financing, Qatar Chamber’s Chairman said that all indicators show that there is a desire from the Qatari wise leadership and government to support private sector’s participation in economic development and provide a greater role for it. He added that the issue of funding is an obstacle facing business owners in some areas, but he expressed confidence that the Qatari banking system is capable of supporting business owners and investors’ projects to meet the ambitions of economic growth in various fields. And on regard of promoting a social responsibility culture at the corporate level and the support of the various activities of community, HE said that the Chamber is making intensive efforts to encourage and support the initiatives and programs of the social responsibility by supporting initiatives and programs of sustainability, raising awareness among companies of the importance of the adoption of social responsibility initiatives to integrate into society issues, and provide real participation in the economic and social development. Regarding the suitability of the existing legislations to achieve greater trade liberalization and integration into the global market, HE the Chamber’s Chairman said that the existing legislations still need to be developed in some aspects so that they keep pace with economic developments, so they can meet the ambitions and aspirations of the Qatari businessmen, but he said that the recently issuance of laws or bills in this regard stresses that there is interest on developing the legislative and legal structure, encouraging and motivating the private sector and facilitating business development. HE stressed the importance of the
availability of economic information and data for business owners because it gives them an indication about the economic process and new projects, adding that Qatar Chamber provides for business owners what they need of information and data on economic activity, as the annual report of Qatar Chamber includes a study of economic indicators, in addition to what the Ministry of Development Planning and Statistics of periodical statistics and data on economic activity. HE pointed out that the Chamber continues its strategy of increasing the proportion of Qatarization, and keen to take advantage from the Qatari cadres according to a deliberate plan in line with Qatar’s strategy, indicating that the Chamber is interested in empowering Qatari youth in jobs that fit their abilities and potentials, who are willing to contribute to the achievement of the objective of Qatar Chamber and its success in general. Regarding the challenges to develop the cooperation between the GCC Chambers, Chairman of Qatar Chamber said that the Federation of Chambers of the Gulf Cooperation Council (GCC) is working on a permanent basis to enhance cooperation between the GCC Chambers. HE also pointed to the existence of a sustained and permanent coordination between the GCC Chambers in various issues that support the development of GCC private sector and strengthen GCC bilateral trade, which rose from $15 billion in 2002 to about $115 billion in 2015, where the GCC Customs Union and the Gulf Common Market shares in raise that value. HE explained that allowing GCC companies to open branches in GCC states and to be treated as National companies, which came at the end of the Abu Dhabi summit in December 2010, confirms the keenness of the GCC wise leaderships in the economic integration.
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conferences
Gulf chambes hails Qatar propsal to unify electronic certificate of originÂ
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atar chamber  participated in the 42 executives of gulf chambers which was held on Thursday in Dubai. QC director general Saleh Hamad Al Sharqi headed the chamber delegtion that includes Hussain Abdughani head of Admin Financial dept. The meeting was chaird by general secretary of UAE Chambers council Hameed Mohamed bin Salman.
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During the meeting, Qatar chamber suggested unifying among all gulf countries issuance of electronic certificte of origin which is being used in Qatar.
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Sharqi said it would enhance the economic process and trade exchange among them.He provided detailed explanation on the system of issuing electronic certificates of origin in Qatar chamber, calling on all gulf countries to approve it.This system would help streamline the movement of goods among our countries,he noted. The Qatari proposal gained great hail from all executives and chambers representatives.
oringin certificates.
Attendeea agrees to hold number of meetings to discuss in detail the steps of applying the electroinc issuance of
He expressed his hope to apply the electronic issuance of origin certificates of all kinds in the near future.
Sharqi pointed that all executives agrees to raise the recommendations of that meeting to GCC Custom Committee which will be held in Riyadh soon. GCC chambers thanked Qatar’s proposal , assuring it would solve all obstacles which cause delay of goods between member countries.
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Qatar Chamber, EU Trade Delegation Review Cooperation
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he target of the meeting, which was attended by 15 EU ambassadors to Qatar, was to explore the investment opportunities available for the businessmen from both sides. The delegation presented different trade and investment opportunities found in Europe in various economic fields including renewable energy, construction, real estate investment, health and education. Vice Chairman of QC Mohammed bin Ahmed bin Towar said in his welcoming speech, that the EU is a strategic and a very important trade partner for Qatar. It is a union with an economic clout to make a real difference on global issues and encourage all world businessmen to do investments. Qatar-EU
economic and trade relations are strong and growing rapidly at all fields and at all sectors. Strong and stable political relations between both sides have promoted their economic cooperation and trade ties to higher levels. He added, Qatar expects its economy to grow 3.4 percent in 2017 and plans investment up to QR46 billion in major infrastructure projects as part of strategy to achieve sustainable development and economic diversification according to Qatar National Vision 2030. Towar invited world businessmen to come and invest in Qatar and at the same time it opens the door for Qatari businessmen to exchange experience and build real partnerships with foreign counterparts. So, the door is open for EU companies and investors to expand their businesses in Qatar at all sectors and to establish real partnerships with Qataris in all economic fields. On the other hand, Belgian Ambassador to Qatar Christophe Payot, on behalf of the European ambassadors, praised the meeting organized by QC and the economical leap achieved by Qatar. He further commended the good ties between Qatar and the EU countries noting Qatar›s eagerness to achieve economic diversity and implement Qatar National Vision
2030. The EU countries are open to Qatari investments and encourages its businessmen to use European technologies to achieve the Qatar projects. EU Head of Trade and Economic Affairs in the GCC Lucie Berger presented ways of establishing a business in the EU, and the SME network which includes 3000 experts and more than 600 locations in 60 countries from around the world., adding that the strategy is based on 3 pillars; global partners, investment and innovation support. The network acquired the appreciation of the business communities around the world and achieved a growth of 3 percent and covers 17 sectors.
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European trade delegation reviewed in Qatar Chamber (QC) the ways to develop cooperation in the fields of trade, economy and communication between Qatari and European businessmen.Â
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Seminars
Sheikh Thani: Arbitration law supports investments in Qatar Q
atar International Centre of Arbitration(QICCA) Board Member HE. Sheikh Thani bin Ali Al Thani praised the issuance of the Arbitration Law No 2 of 2017 on arbitration in civil and commercial matter by HH Emir His Highness Sheikh Tamim bin Hamad al Thani.
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n the sidelines of the inauguration of the second phase of the QICCA’s 2017 Qualification Programme, held on Sunday 19th Feb. Sheikh Thani said in press statement that the new law came in line with the recommendations of the “2nd World Conference on International Arbitration” held in Doha last October. Assuring its impact on the investment environment in Qatar, he pointed that it would facilitate doing business and would rank Qatar in a prominent position in the global arbitration and open a new phase supporting the local commercial arbitration, he added. He noted that the law articles detail the provisions and mechanisms of arbitration at all numerous disputes which determined by the law, especially what is mentioned in articles 6,30 and 38 of the issued law. In accordance with the law, it is expected that Qatar would see establishing more international arbitration centers due to the existence of the needed legal frame which is provided by issuing this law. Arbitrations centers will regularize its status in accordance with the arbitration law, he added. The second phase of the “Professional Certificate” began at Qatar Chamber premises yesterday 19 Feb. The four-day phase titled “Procedures and Management of Arbitration Claim” reviews arbitration proceedings, tribunal formation among the free and institutional arbitration, and the start of arbitration proceedings and circulation before the arbitral tribunal. The programme includes five phases and is organised by QICCA in collaboration with the GCC Commercial Arbitration Centre, with a large number of lawyers, engineers and accountants taking part.
It aims to train and qualify Qataris and GCC citizens as arbitrators to enable them to take up the job of arbitration and settle commercial, financial and investment-related disputes through scientific training programs, the chamber said the statement. The first phase titled “Controls of Drafting the Arbitration Agreement” held last month reviewed definition and types of the arbitration agreement, controls of arbitration agreement, effects of the right arbitration agreement, and autonomy of arbitration clause.
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in association with Sultan Al Abdulla & Partners
ICC Qatar held panel discussion on “Qatar’s New Arbitration Law”
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he panel discussed the historical context of arbitration in Qatar and the development of arbitration in both public and private sector contracts and the new procedures conventions in the light of Law No. 2 for the year 2017 specialised in arbitration in civil and commercial matters, implications for arbitration agreements, procedural aspects of the new law and the role of Qatar courts in arbitral proceedings. The panel was chaired by Mr. Sultan Al-Abdulla, managing partner of Sultan Al-Abdulla & Partners, who provided an overview of commercial arbitration and its origins in the State of Qatar, where he said that the interest in arbitration has grown in the GCC countries over the past
few years due to the increased numbers of contracts for major projects necessitating the need for an alternative mechanism to resolve disputes arising out of commercial transactions contracts. Mr. Al-Abdulla divided legislation regarding arbitration in the GCC countries into three types: legislations that are embodied in procedural laws; legislations that adopt the UNCITRAL Model Law on Arbitration issued in 1985 as is without modifications; and legislations that are inspired by the UNCITRAL Model Law but with a national vision. Mr. William Cattan, Senior Partner in Sultan Al-Abdulla & Partners pointed
out the changes introduced by the new Arbitration Law versus the current provisions in the Procedures Law. Dr. Yassin El-Shazly, Associate Dean for Outreach and Community Engagement, Qatar University College of Law, focused on disputes relating to administrative contracts, the role of the QFC courts and role of the Ministry of Justice. Mr. Salman Mahmoud, Partner and Mr. Hassan El-Shafiey, Senior Associate at Sultan Al-Abdulla & Partners focused on the procedural aspects of the law and the difference between institutional arbitration and ad hoc arbitration and the establishment of arbitration centers and branches of foreign arbitration
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he International Chamber of Commerce Qatar in association with Sultan Al-Abdulla & Partners held a panel discussion on “Qatar’s New Arbitration Law”, the third in ICC Qatar’s newly launched monthly “Arbitration Series” as part of the 2017 programme of its Commission on Arbitration and ADR
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Seminars
centers in Qatar within the context of the new law. Commenting on the panel, H.E. Sheikh Khalifa bin Jassim Al Thani, Chairman of the International Chamber of Commerce Qatar and Executive Board Member of ICC International Secretariat mentioned that one of the main roles of ICC Qatar is to raise awareness of modern laws and national legislation that are issued and related to the economic and commercial activity in the state. He praised the new arbitration law for creating a successful investment climate in the state. He added that since the launch of Qatar National Vision 2030, the state has worked to modernize the laws and legislation
to match the goals of this vision to transform Qatar’s economy into a diversified and sustainable one. Sheikh Khalifa further highlighted that achieving these goals go hand in hand with realizing the United Nation’s 2030 Agenda for Sustainable Development, an important initiative that will lead to a better world for all. Sultan Al-Abdulla commented “We at Sultan Al-Abdulla & Partners are very pleased to cooperate with the ICC Qatar Commission in delivering this event. The number of attendees is indicative of the great and growing interest in arbitration in Qatar. The timing of the event is fortuitous in that in came only days after the new arbitration law has been issued by His Highness the Emir. We believe more events will be required to engage the arbitration community and to develop a better collective understanding of the various provisions of the new law.” Sultan AlAbdulla said. Mr. Charbel Maakaron, Head of the ICC Qatar Commission on Arbitration and ADR and Managing Partner of the Doha office of Squire Patton Boggs, said: “the topic and timing
QC hosts seminar on Exchange Rate Risk
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atar Chamber held here on Sunday a seminar on Exchange Rate Risk which discussed managing exchange rate risk, foreign exchange hedge and a number of topics of interest to the financial sector. According to a statement issued by Qatar Chamber, a British delegation led by Director of Strategic Partnerships at Global Reach Partners Ltd,Nick Coombs, and Vice Chairman of Qatar Chamber Mohammed bin Ahmed bin Twar took part in the Seminar along with a number of Qatari businessmen and representatives of the financial and exchange companies. Participants were briefed on the most important issues of concern to the financial sector and the best ways to keep abreast of developments in the financial markets.
of the session is very relevant and important for both the legal and business communities.” He added: “as expected, we have a wonderful turn-out today, which underscores that the commission’s decision to organize these sessions, the chosen topics and opening to the public, was a sound approach. These sessions would not have been possible without the support of HE Sheikh Khalifa bin Jassim Al Thani. This is our third session, with three more to go, all of which enjoyed a very strong attendance from the academic, legal and business communities, and covered various topics relating to commercial arbitration. The remaining sessions will be in April and May.” The ICC Qatar “Arbitration Series” follows the Commission’s charge to foster the development of trade and investment between Qatar and the international business community. It has been designed to help inform not only arbitration practitioners but professionals across the entire Qatari community from businesses, governmental agencies and public and private sectors to students.
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Qatar Chamber chairman receives ICC
‘Merchant of Peace’ award
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atar Chamber chairman Sheikh Khalifa bin Jassim al-Thani has received the International Chamber of Commerce’s inaugural ‘Merchant of Peace’ award in recognition for his “hard work” with the ICC.
he award was given to Sheikh Khalifa, who is also ICC Qatar chairman and ICC executive board member, at the ICC executive board dinner in the presence of Qatar Chamber director general Saleh bin Hamad al-Sharqi and ICC Qatar secretary general Remy Rowhani. Also in attendance during the event were ICC chairman Sunil Mittal, ICC secretary general John Danilovich, and members of the ICC executive board, as well as members of the global ICC national committees. The award was given to Sheikh Khalifa for his hard work and efforts with the ICC over the years, especially on
the World Trade Agenda initiative, which is a joint initiative by ICC and Qatar Chamber to advocate for trade facilitation worldwide. A hundred years ago, a group of French businessmen met to discuss means of promoting international trade and believed that such trade will result with global peace and prosperity for humanity. They later on established the International Chamber of Commerce and they called themselves ‘merchants of peace’. Since then, the ICC has grown to be the world’s largest business organisation with over 6mn
members worldwide. Today, the ICC has ‘Observer Status’ at the UN, which enables the organisation to have a seat and participate in the UN General Assembly as the voice of business. ICC is the only business organisation that has achieved ‘Observer Status’. The ICC provides all the rules and tools of international trade, which are used by all the banks and businesses and global institutions. The chairmanship of ICC awards outstanding businessmen from around the world who have contributed to the cause of international trade with the title of ‘Merchant of Peace’.
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Training
Sharqi: QC to expand training programs for the private sector Q
atar Chamber Director General Saleh Hamad Al Sharqi said that the Chamber is planning to increase its training programs for the benefit of the Qatari private sector, according to a press release issued by the Chamber yesterday. Al Sharqi underlined the Chamber’s interest in enhancing the skills of those who are working in business community and national companies, noting that qualified and trained work force would achieve the desired development in the private sector. He pointed to the training programs conducted in the Chamber through its Training & Development Dept. saying they are targeting all private sector cadres, including visual and hearingimpaired people. He assured the Chamber’s initiatives in providing specialized courses at reasonable charges for its members are
in line with Qatar’s strategy which aims at creating sustainable development through a knowledge-based economy. Last year, we organized 18 training courses last year and over 500 trainees participated in these courses, he noted. Training courses offered by the Chamber include Financial and Banking, English for Banking, Financial Studies for non-financial staff , Management, Leadership, Problem Solving, Meetings Attendance, Visitors Reception, Decision-making, Human Resource and Performance Evaluation, Customer Service, Persuasion , Negotiation, Presentation, Time Management, Effective Communication, Sales, Marketing and Influencing others. QC’s course include also General English, Arabic Language to Non-Arabs, TOEFL, English Conversation, Writing
New training courses to support SMEs are in the track Over18 courses were conducted last year Administrative Correspondence, IELTS, Microsoft Applications (Word - Excel Access - PowerPoint), Outlook, MCITP , CompTIA a, ICDL, Graphic, Photoshop, Marketing and Secretarial Diploma.
Effective communication Training for Disabled Concluded :QC W
ithin the frame of “Taqat” Program for training and rehabilitation of people with disabilities which has launched last year, Qatar Chamber announced on Thursday 3 March the conclusion of the “Effective Communication Skills” in collaboration with the Specialized Training and Consulting Center (STCC) and Qatar Social and Cultural Center for Blind.
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Under the theme “ Yes.. They Are Able To Create”, the four-day training course dealt with means of effective communication and different types of message.
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Participants were trained also on the different types of personality through character analysis in order to select the appropriate message and way of appropriate communication to communicate with people in terms of personalities and different psychological knowledge. “Taqat” programme aims to train 150 young people with disabilities through 2017.
Exhibitions
www.qatarchamber.com
Jewelry gallery opened Q
atar Chamber (QC) chairman Sheikh Khalifa bin Jassim Al Tani opened “Zabarjad & Diamond Jewelry” gallery, the leading landmark inn designing and exporting jewelries in the middle east in the presence of number of Qatari businessmen and economic figures in Qatar. Ebtihag Al Ahmadani, QC board member, head of Qatari Businesswomen Forum and head of QC Health and Women Committee also was present at the ceremony. Representatives of Turkish and Indian diamond and jewelries companies were also present. Sheikh Khalifa was informed by the gallery director Ammar Al-Kurdi and the designer Ms. Inas Mohamed on the displays and designs. He said in a press statement that the Qatari local market had attracted the world famous trademarks, assuring the launching of“Zabarjad” confirmed the confidence of
investors in the Qatari economy and their interest to set up enterprises here. The Chamber is keen to support the private sector and encourage bringing international investments to the local market. Ebtihaj Al Ahmadani said the continuous support of HH. Sheikh Tamim Bin Hamad Al Thani, the Emir of the State, to the private sector in general and the exhibition sector in particular had contributed to record the name of Qatar as one of the largest exhibitions organizers in the Middle East, assuring that “Zabarjad” is part of this success. She stressed the Chamber’s interest to encourage such galleries in Qatar that showcase distinctive and varied designs. “Qatar Chamber encourages traders and supports their products, especially those related to Qatari women”, she noted. Al Ahmadani hailed Qatar as a haven for secured investments in all fields, especially jewelry, assuring
Al-Ahmadani: Qatar is haven for secured investments the keenness of Sheikh Khalifa to inaugurate the gallery confirmed his constant interest in all small and large projects hosted by the State. The gallery offers a beautiful selection of fine designs and recently crafted jewelry pieces cretwed by Arabic fingers, said Ammar Al-Kurdi. It includes exclusive Qatari exhibits that had added to the world of jewelry a new dimension based on taste, high quality and modern designs with Arab aspirations. These pieces meet the needs of the public, and suit all categories prices, in addition to jewelries from Turkey and Saudi Arabia and Italy. Al-Kurdi said that the exhibition aims o build new partnerships with regional and international companies such as Twin Star to produce a high-end product that attracts the tastes of its customers, stressing that the gallery is a clear evidence of the strong partnership between the Qatari and Saudi sides.
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“ Zabarjad ”
Khalifa Bin Jassim: QC is keen to lure international companies to the local market
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