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Monday 08 June 2020 To advertise contact: Tel: 44557 857 or email: [email protected]
04 MONDAY 8 JUNE 2020CLASSIFIEDS
SITUATION VACANT
Required
Sales ladiesfor a children’s buotiquePreferrably Filipina with transferrable visa. Accomodation and transportaion will be provided
Interested applicants may send their CV to [email protected]
Pen.MagEvery Sunday
ToThursday
05MONDAY 8 JUNE 2020 CLASSIFIEDS
ARTECHSage Accounting, Peachtree, QuickBooks, Dynacom, DacEasy, Tally, POS, Bar Code, Fixed Assets Software’s.Tel: +974 44375654 E-mail: [email protected]
ACCOUNTING SOFTWARES
GEM ADVERTISING & PUBLICATIONS(Overseas Newspaper Advertisements) Tel: 44442001 - GSM: 55783303
ADVERTISING OVERSEAS NEWSPAPER
ATTESTATION
CALIBRATION SERVICES
ASIA TRANSLATION & SERVICES CENTRELeading Legal Translators & Document Legalization Since 1987. Indian Certificate Attestation. Head Office: 44364555/50233133 - Al Hilal Branch: 44621334 - Salwa Road Branch: 66038181 Mobile Contacts: Sufiyan - 66192881/Yoonus - 77813190
ARMSTRONGWindow/Split/Package/Central Units. Sales, Services, Spare Parts/Window/Split & Central A/C. Annual Contracts. Mobile: 555 54 274 (Kumar)E-mail: [email protected] www.armstrongmachinery.com
A/C MAINTENANCE & SERVICES
ALWASEEM TRANSLATION & SERVICES CENTERAuthorized Translators - Company Formation and PRO Services (Opp-Karwa Bus Stat. Doha, Al-Saeed Buil.2nd Floor.) M : 50822292 / 31586616 T : 44116727 E-mail : [email protected] Web : www.alwaseemtranslation.com
BUSINESS SET-UP
HELPLINE GROUPCertificate attestation from INDIA| UK | USA | CANADA | PHILIPPINE and Gulf Countries20 Years of experience and ISO Registered CompanyHELPLINE GROUP, C Ring Road Tel:(+974)-44271100Mob: 31550149 Email: [email protected]
HELPLINE GROUPCompany Registration, Local Sponsorship, Trademark, Feasibility Study, Tax systems and PRO Services. Our branches QATAR| KUWAIT | UAE | INDIA | UK | CANADA. (formed more than 3000 companies)HELPLINE GROUP, C Ring Road Tel: (+974)-44271100MOB: 77711129 Email: [email protected]
AL HAYIKI TRANSLATION & SERVICES EST.Authorized Translation & Certificate Attestation since 1992Sofitel Complex (Mercure Hotel) Ground Floor, Office No. 25Mob: 33411150 & 33411153, Tel: 44367755 & 44181990E-mail: [email protected] Web: www.alhayikitranslation.com
QUEENS LAND SERVICESBusiness Set-up and Sponsorship. Debt Collection. Real Estate Services Mob: 77776917 E-mail: [email protected]
INVEST IN QATAR
IMMIGRATION SERVICES
HELPLINE GROUPComplete Manpower SolutionsBusiness Structure and Business PlanningTel: (+974)-44271100 Mob: 77711129 Web: helplinehrconsulting.com
HR CONSULTATION
AL SALEH GROUP(HR)Tel: 44423838Send CV to Email: [email protected]
ARMSTRONGRepairs/Spare Parts & Rentals. Power from 5KVA to 2000KVA Sales/Services/ Spare Parts & Rentals. Annual Contracts.Mobile: 555 54 274 (Kumar) E-mail: [email protected] www.armstrongmachinery.com
GENERATORS SERVICING
CLEANING AND MAINTENANCE
AL MUTWASSIT CLEANING & PEST CONTROLComplete General Cleaning For Residential & Commercial. Supply of Cleaning Staff on Contract Basis. Pest Control Services. Office: 44367555 Mob: 30029977/55875920 E-mail: [email protected]
AL SALEH CLEANING & HOSPITALITYComplete General Cleaning Services for Old & New Villas.Tel: 44423838 GSM: 55508393 - 55526943 - 50190005
CAPITAL CLEANING COMPANY W.L.L.Complete General Cleaning Services for Old and New VillasTel: 44582257 Mobile: 33189899/ 55565328E-mail: [email protected]
WOKEER INDUSTRIAL AREAFrom 150 - 200 LaborsMobile: 660 02 704 (Steve)E-mail: [email protected]
LABOUR CAMP FOR RENT
ARMSTRONG1000-4000 Gallon Tankers - Daily/Monthly/Yearly Contracts. Mobile: 660 41 449 (Neil)E-mail: [email protected].
SEWAGE & WASTE REMOVAL
SCAFFOLDING
APOLLO ENTERPRISES SCAFFOLDING DIVISIONContract/Hire/Sale - Salwa Road. Tel: 44693334 Fax: 44416274 GSM: 55521089/55560246/55536285 www.apollo-qatar.net - E-mail: [email protected]
REAL ESTATE
AL MUFTAH SERVICESTel: 44634444/44010700 Mob: 55542067/55823100 E Mail: [email protected] Website: www.rentacardoha.com
TRANSLATION
HELPLINE GROUPAuthorized Translation Centre.We speak more than 100 Languages. C Ring Road, Near by Toyota Signal Tel: (974)-44271100 Mob: 70114857 Email: [email protected]
PARTY KINGDOMNear Jaidah Flyover, Nasrallah Centre. Tel: 44353501/ 44366431
E-mail: [email protected]
PARTY ITEMS & BALLOON DECORATION
ARMSTRONGPorta Cabins/Pre-Fabricated Buildings/Toilets/Security Cabins. Fire Rated/Non Fire Rated. Mobile: 557 80 396 (Steve)E-mail: [email protected] www.iescoqatar.com.
PORTA CABINS (Sales & Rentals)
ARMSTRONGFive Peals-USA Sales/Rental Service/Cleaning, Sewage Removal. Daily/Monthly/Yearly. Mobile: 557 80 396 (Steve)E-mail: [email protected] www.iescoqatar.com.
PORTABLE & CHEMICAL TOILETS (Sales & Rentals)
MEDIA SERVICES
RENT A CAR
AL MUFTAH RENT A CARMain Office: D’ Ring Rd, T: 44634444/44010700 Branches: Airport: 44634433 Al Khor: 44113344 E Mail: [email protected] Website: www.rentacardoha.com
OASIS RENT A CARYOU RENT MORE THAN A CAR WITH OASISAllen: 6641 7354 Tel: 4413 0011 - OasisCars.com [email protected] - - Great deals on long term rentals
REGENCY FLEETS (A Regency Group Co.)Special Corporate leasing and Rental rates. Price includes Comprehensive Insurance, Maintenance, Replacement Vehicle etc. Driven by Values. E-mail: [email protected] Tel: 44433822/44554046/44554048 Fax: 44554047 Airport Branch (24hrs): Tel.: 70482655
NATIONAL - ALAMO RENT A CARCars - 4WDs - Pickups - Buses - Chauffeur Drive Call: 5547 8150, 5040 0624 Web: www.national-qatar.comE-mail: [email protected]
BUDGET RENT A CARCompetitive Rates for Car Rental & Leasing, 24/7 Airport Rental Section,Free Road Side Assistance, Easy & Fast Booking ProcessHead Office: Barwa Village T: 44325500 M: 66971703 Toll Free: 800-4627Email: [email protected] Website: www.budgetqatar.com
AL SALEH REAL ESTATETel: 44423838. Mob: 33721133 E-mail: [email protected]
HOME CARE
ARMSTRONGAblution & Event Toilets Rental, Porta Cabins, Chemical Toilets & Other Equipment Rental.Mobile : 557 80 396 (Steve) E-mail: [email protected]
EVENT RENTALS/ ABLUTIONTOILETS
MASSAGE
KOTTAKKAL AYURVEDIC MASSAGE CENTREAyurvedic Massage, Philippine & Thai Massage. Near Badriya Signal, Bin Mehmood. Tel.: 44360061 GSM: 33453697
MEDIHERB MASSAGEKerala Ayurvedic, Thai, Philippine Massage (Gents & Ladies) for back pain, body pain, arthritis etc shirodhara, steam, Moroccan Bathe, Body Scrub etc. E-Ring Road,
Near ICC Signal, Nuaija. Tel: 66167700 - 50736611
AUTHENTIC THAI MASSAGE CENTERSFB: Royal Thai Men Spa, New Slata (Men Only)www.thaimassagedoha.com, Tel: 44666145FB: Royal Thai Lady Spa, Al Waab (Ladies Only)www.royalthailadyspa.com, Tel: 44142400
WATER TANK CLEANING
AL MUTWASSIT CLEANING & PEST CONTROLKharaba st, Behind white Mosque. Fax: 443679 99 - GSM. 55875920/55860432
CAPITAL CLEANING COMPANYCleaning Water Tanks & Pest Control. GSM: 55565328/ 33189899 Tel: 44582257 E-mail: [email protected]
WOKEER INDUSTRIAL AREAAvailable Sizes: 358/415/510/830/1340 Sqm.Mobile: 660 02 704 (Steve)E-mail: [email protected]
WAREHOUSE FOR RENT
ARMSTRONGNew & Used Containers - Sales/Rental (Certified & Uncertified) Mobile: 557 80 396 (Steve)E-mail: [email protected] www.iescoqatar.com.
USED CONTAINERS (Sales & Rentals)
02 MONDAY 8 JUNE 2020BUSINESS
In April, the government predicted GDP would contract by 4 percent in 2020, compared to its January forecast of 1.1 percent growth.
African American banks pivotal as ever for minorities in USAFP - NEW YORK
When she needed capital to expand her business, Ernisha Randolph was just one of countless African Americans to encounter roadblocks despite having no history of financial trouble.
About seven years ago, her catering company, Juanita’s Kitchen, had secured a big gov-ernment contract that guar-anteed revenues for three years. To finance the expansion, she turned to banking giant Wells Fargo.
“I asked them for $50,000 and when they denied it, I went down to $25,000,” she recalled in an interview. “I did not get that, either.”
Randolph turned to OneU-nited, one of the leading African-American owned banks in the US that have supported minority-owned businesses over the decades.
With credit from OneU-nited, Randolph transformed her Miami company into today’s mini-food empire.
The Sweet Butter Hospitality Group includes the restaurant Shuckin & Jivin that now appears better positioned than many other restaurants and small businesses to survive the blow from the coronavirus.
“I am very-very grateful for black-owned banks,” Randolph said. “For so long we have been denied loans.”
As the political debate in the US shifts following mass protests in the wake of the killing of George Floyd at the hands of police, the focus is turning to systemic barriers to opportunity for African Americans, including in the banking system.
Banks led or owned by African Americans have long proven a lifeline for America’s black businesses.
The financial groups are based in the heart of urban centers and view banking as part of a larger activist mission that supports the black community by ensuring minorities can access needed capital.
“If you go to another bank, you might see someone talking about a boat loan,” said Teri Wil-liams, president of OneUnited Bank, who said her company’s programs are more tailored to the black community.
This includes “early pay” that allows consumers to get paid two days early.
“We support Black Lives Matter, we support take a knee, so for us it’s a mission to support our community and that’s the service that we provide,” she said.
Carver Federal Savings Bank, which has branches in working class areas in Man-hattan, Queens and Brooklyn, reinvests 80 percent of its deposits back in the community, said Chief Executive Michael Pugh.
“It’s an opportunity to help ensure that in neighbourhood by neighbourhood in our great state,” people have access to finance, he said. “If we didn’t do this work who would do it?”
The process of opening a savings account is similar to that at traditional banks, but the African American lending com-panies also offer some other services aimed at their cliental, such as business coaching and financial training workshops.
Industrial Bank requires a business plan of small
businesses and scrutinizes financial statements and doesn’t always provide financing, said Chief Executive Doyle Mitchell.
“If we can’t make a loan we will tell you what we believe you need to work on to better prepare for,” Mitchell said, adding that the bank aims to be competitive on interest rates for mortgages, not the lowest but “not the highest” either.
Many of the banks that today serve the African American community emerged after the Great Depression and grew further in the 1950 and 1960s in parallel with the US Civil Rights Movement. Back then, blacks had few other options to obtain credit.
“There was a need to have a black bank because that was the only place that you could borrow money to buy a car, or to start a business or expand a business or buy a house; and if you didn’t have a black bank at the time you couldn’t borrow money to do any of those things,” said Mitchell, whose grandfather helped cofound Industrial Bank in 1934 in Wash-ington DC.
Eighty-six years later, the need is as strong as ever because many black consumers face dif-ficulties at traditional banks fol-lowing tougher lending standards imposed after the subprime housing crash that led to the 2008 global financial crisis.
Other lenders impose harsh financial conditions on mort-gages if a consumer has poor credit, “almost like the black tax,” said Donnell Williams, who is a vice president with the National Association of Real Estate Brokers.
Lufthansa CEO promises Germans a ‘homecoming guarantee’REUTERS - BERLIN
Lufthansa will bring home any Germans it flies abroad on vacation, CEO Carsten Spohr (pic-tured) said in a newspaper interview, seeking to assuage hol-idaymakers’ concerns that new coronavirus outbreaks could leave them stranded.
Foreign Minister Heiko Maas recently said that Germany would not undertake another repatriation initiative this summer, as it did when the coronavirus pandemic struck earlier this year. But in an interview with the Frankfurter Allgemeine Sonntagszeitung, Spohr sought to address Germans’
concerns about booking foreign holidays in case there is a corona-virus outbreak in their country of destination while they are away.
“We are aware of this (concern), which is why we are
introducing a homecoming guar-antee. Whoever wants to return to Germany, we will bring back,” he told the newspaper.
“Be it because they are not allowed to enter the country due to an elevated temperature at their destination, or because they have to be quarantined there, or because of a virus outbreak in the host country - in all these cases there will be a guaranteed return flight.” Lufthansa has pledged a wide-ranging restructuring, from thousands of job cuts to asset sales, as it seeks to repay a €9bn ($10.2bn) state bailout and nav-igate deepening losses in the face of the coronavirus pandemic.
Sweden didn’t lock down, buteconomy to plunge anywayAFP - STOCKHOLM
Unlike most countries, Sweden never locked down during the coronavirus pandemic, largely keeping businesses operating, but the economy appears to be taking a hard hit nonetheless.
Under the Scandinavian country’s controversial approach to the virus, cafes, restaurants and most busi-nesses remained open, as did schools for under-16s, with people urged to follow social distancing and hygiene guidelines.
Whatever hope there may have been that this policy would soften the economic blow now seems dashed.
“As in most of the world, there will be a record decline for the Swedish economy in Q2,” SEB bank economist Olle Holmgren said.
A rebound was likely in the latter part of the year, but “we expect it to take a long time before the situation nor-malises,” he told AFP.
To be fair, Swedish officials insist their strategy was always aimed at public health, and never specifically at saving the economy.
The idea was to make sure hospitals could keep pace with
the outbreak and protect the elderly and at-risk groups.
Sweden has succeeded at the former, but admitted failure at the latter, with more than three-quarters of virus deaths occurring among nursing home residents and those receiving care at home.
“When we have decided what measures to take to stop the virus from spreading, we have not had any economic consider-ations. We have followed the advice of our (public health) experts on this issue,” Finance Minister Magdalena Andersson (pictured) told reporters in late May.
Sti l l , authorities acknowledge that keeping
businesses open was also part of a broader public health consid-eration, as high unemployment and a weak economy typically lead to poorer public health.
Sweden, a country of 10.3 million, had reported 4,639 COVID-19 deaths as of Friday.
That gives it one of the world’s highest virus mortality rates, with 459.3 deaths per million inhabitants -- four times more than neighbouring Denmark and 10 times more than Norway, which both imposed stricter confinement measures.
At first Sweden’s export-heavy economy seemed to be doing okay, with GDP actually growing by 0.1 percent in the
first quarter. But now the country is
expected to follow the same path as most of Europe, with its economy shrinking for the full-year 2020 and unemployment soaring.
In April, the government predicted GDP would contract by 4 percent in 2020, compared to its January forecast of 1.1 percent growth.
While the European Com-mission has forecast a Swedish contraction of 6.1 percent (compared to -6.5 percent for Germany and -7.7 percent for the eurozone), the outlook presented by the Swedish central bank is even more dire -- it anticipates a GDP decline of up to 10 percent.
Some economists see Swedish growth rebounding as early as the second half of 2020, but the finance minister has warned things could get worse before they get better.
Before the crisis, Sweden’s labour market was in good shape, with strong job creation and a declining unem-ployment rate. Now, the gov-ernment expects a jobless rate of nine percent for 2020 and 2021, compared to 6.8 percent in 2019. It sees growth of 3.5 percent in 2021.
China poised to pull plans for UK nuclear plants
BLOOMBERG
China’s ambassador to the UK has said that Boris Johnson’s plans to seek alternatives to Huawei Technologies Co Ltd in the 5G network could spoil plans for Chinese companies to build nuclear power plants and the HS2 high-speed rail network, the Sunday Times reported.
Liu Xiaoming (pictured) signalled that Beijing is viewing the decision over Huawei as “a litmus test of whether Britain is a true and faithful partner of China,” the newspaper reported the ambassador telling business leaders, saying that the words
were “interpreted as a threat by those listening.”
China General Nuclear Power Corp. plans to build its own nuclear reactor at Bradwell in Essex, according to the newspaper report. China has a minority share in nuclear power plants at Hinkley Point in Somerset and Sizewell C in Suffolk, both in partnership with EDF of France.
Liu Xiaoming signalled that Beijing is viewing the decision over Huawei as “a litmus test of whether Britain is a true and faithful partner of China”.
Pandemic response: Spain earmarks €9bn on healthcare spendingBLOOMBERG
Spain has earmarked €9bn ($10.2bn) to help fund regional governments’ healthcare response to the COVID-19 pandemic.
The central government will transfer €6bn in September and as much 3 billion in November, Prime Minister Pedro Sanchez said in a televised statement Sunday. The measure will be approved by the cabinet through a decree on June 16, Sanchez said.
Sanchez announced at the beginning of May the creation of a €16bn-reconstruction fund to help regional administrations face the economic consequences of the pandemic. The regions
had already urged Sanchez to clarify the criteria to allocate the funds.
The €9bn on healthcare spending was reduced from an original plan of devoting €10 bn. Separately, the government revised its plan to add as much as €2bn in spending for edu-cation, by scrapping another €1bn for social spending. It’s ear-marking €5bn to offset the drop in tax revenue due to the crisis.
The government has decided to set aside funds for the edu-cation system, changing its original plan to allocate €1bn for the social spending and decreasing by another billion the amount initially allocated to the
health care system.Sanchez has also announced
that the new rules for what he has dubbed as the “new normal,” once the lockdown is lifted on June 21, will be approved next week. The use of face masks will still be compulsory in public transport and indoor spaces for people older than 6 years and if needed, special licenses will be granted to produce drugs and protection equipment.
More measures will also be implemented to avoid crowds in public transport. “The threat of a new outbreak isn’t an invention and we must avoid it at all costs,” Sanchez said.
Sanchez has also given new
details on what the government calls a living minimum wage, which was approved in May. The dedicated government web page received 21 million visits in only one week, he said, adding that 255,000 people, or 75,000 households, will receive pay-ments on June 26.
The prime minister also said that he sent a joint letter with his Italian counterpart Giuseppe Conte to the European Com-mission President Ursula von der Leyen, asking for European Union coordination in reopening borders with third countries outside the Schengen space. “We believe Europe has to lead a coordinated effort,” he said.
A file photo of Spain's Health Ministry office in Madrid.
