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Wednesday 24 June 2020 To advertise contact: Tel: 44557 857 or email: [email protected]
04 WEDNESDAY 24 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]
A Leading Trading Group in Qatar looking for experienced candidates to join our team as
DELIVERYMAN- English speaking.- Familiar with Doha roads- Valid Qatar Driving LicenseInterested applicants with transferable working Visa,
please forward your resume to:[email protected]
05WEDNESDAY 24 JUNE 2020 CLASSIFIEDS
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
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]
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]
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]
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)
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]
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
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
HOME CARE
WOKEER INDUSTRIAL AREAFrom 150 - 200 LaborsMobile: 660 02 704 (Steve)E-mail: [email protected]
LABOUR CAMP FOR RENT
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)
MEDIA SERVICES
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)
I, Daria RarenkoHolder of Ukraine Passport No. PU221659
(Qatar ID No. 29180400059)
hereby change my name to
DARIA TURKMANAny objection, please contact the Immigration and Passport Office within 15 days from the publication of this notice.
CHANGE OF NAME
02 WEDNESDAY 24 JUNE 2020BUSINESS
Manufacture of Cement & other non-metallic mineral products declined by 22.5 percent, followed by the manufacture of basic metals by 17.1, and manufacture of refined petroleum products” by 15.2 percent.
Qatar’s industrial production remainssolid despite COVID-19 restrictionsMOHAMMAD SHOEB THE PENINSULA
Despite the pervasive lockdown, Qatar’s monthly Industrial Production Index (IPI) in April 2020 stood firm at 98.3 points, showing a month-on-month decrease of only 2.5 percent compared to the pre-vious month (March 2020), official data released yesterday showed. This monthly decline in eco-nomic and industrial production is much lower than many coun-tries, including some advanced economies which witnessed double-digit fall.When compared on annual basis with the IPI of the corresponding month last year (April 2019), the index declined by 3.2 percent, according to preliminary data released by the Planning and Statistics Authority.
The fall in the overall index can be mainly attributed to lockdown due to Coronavirus disease (COVID-19) pandemic which affected the production and other economic activities in several groups, including the “Manufacture of Cement & other non-metallic mineral products” by 22.5 percent, followed by “Manufacture of basic metals”
by 17.1, “Manufacture of refined petroleum products” by 15.2 percent, “Manufacture of bev-erages” by 9.7 percent, and “Manufacture of rubber and plastics products” by 4.1 percent. However, an increase was recorded in, “Manufacture of food products” by 9 percent, and “Manufacture of chemicals and chemical products” by 2.2 percent.
The industrial production index reflects the level of eco-nomic activities in the country. This index details the growth of various industrial sectors in economy such as “Mining”, “Manufacturing”, “Electricity
production”, and “Water pro-duction and desalination”. It is a short-term quantitative index that measures the changes in the volume of productions of a selected basket of industrial products over a given period with respect to that in a chosen period called the base period.
The Industrial Production Index consists of three main components: “Mining” with a relative importance of 83.6 percent, “Manufacturing” with a relative importance of 15.2 percent, “Electricity” with a rel-ative importance of 0.7 percent, and finally “Water” with a rel-ative importance of 0.5 percent.
When analysed by sector wise the index of “Mining” sector index in April 2020 showed a decrease by 2.6 percent compared to the
previous month (March 2020), as a result of the decrease in the quantities of “crude oil and natural gas” by 2.6 percent, while “Other mining and quar-rying” showed a decrease by 13.2 percent. When compared to the corresponding month of the pre-vious year (April 2019), the IPI of Mining decreased by 3.3 percent.
The “Manufacturing” sector index showed a decrease by 2 percent compared to the pre-vious month (March 2020), The groups showed a decreases include: “Manufacture of refined petroleum products”, and “Man-ufacture of Cement and other non-metallic mineral products” by 19.0 percent each, followed by “Manufacture of beverages” by 4.5 percent, “Manufacture of rubber and plastics products” by
2.3 percent, “Manufacture of basic metals” by 2.0 percent, and “Manufacture of food products” by 1.3 percent. However, an increase was recorded in “Man-ufacture of chemicals and chemical products” by 2.5 percent.
As for “Printing and repro-duction of recorded media”, the production was stopped during the month of April 2020, due to the Coronavirus disease (COVID-19) pandemic. The rel-ative weight of this group was distributed to the rest of the sub-groups of the manufacturing sector, and then the index for industrial production was calculated.
In the “Electricity” sector, an increase of 14.4 percent was noticed in the production of power between April 2020 and the previous month (March2020), while the annual basis, it increased by 10.4 percent compared to April 2019 index.
An increase of 6.6 percent was noticed in the production of ‘‘Water’’ between April 2020 and the previous month (March 2020). Comparing with corre-sponding month (April 2019), an increase of 19.9 percent was recorded.
Amazon’s carbon emissions up 15% amid rapid sales growthBLOOMBERG
Amazon.com Inc’s carbon emissions climbed 15 percent last year, a measure of how hard it will be for the company to eliminate planet-warming gases and keep growing rapidly.
Amazon’s activities generated the equivalent of about 51.17 million metric tonnes of carbon dioxide. The company’s sustainability report, released yesterday, pro-vides the first year-over-year data for Amazon’s emissions. The figure includes emissions from its operations and pur-chased electricity, as well as contributions from indirect sources including business travel, delivery contractors and customer trips to the company’s retail stores.
In a move that underlies Amazon’s seri-ousness about tackling climate change, the company said separately yesterday that it is setting aside $2bn to back carbon-reducing technol-ogies being developed by companies in industries from transportation and manufacturing to energy g e n e r a t i o n a n d agriculture.
The world’s largest online retailer last year disclosed its carbon foot-print for the first time, joining many of its peers in publicly reporting and tracking such figures. The company had for years resisted calls from envi-ronmental activists and climate disclose groups to do such standard reporting, which has become a staple of cor-porate sustainability work.
Despite the growth in absolute emissions, Amazon said the latest figures reflect efforts to make its operations more efficient.
Excluding the impact of currency fluctuations, the company’s sales grew by 22 percent, a faster clip than Amazon’s emissions. And carbon intensity, a measure of emission per dollar of merchandise sales, fell 5 percent in 2019 from a year earlier.
“Like many companies in high growth mode, we look at the absolute tonnes of carbon in our footprint, but also at how we are improving our carbon intensity,” Amazon said in the report. “Our first year-over-year comparison shows progress as we con-tinue to make investments in innovation, technol-ogies, and products that will decarbonise our oper-ations over future years.”
Amazon in September said it aimed to become carbon neutral by 2040.
QC to hold conferenceon July 7 to discuss opportunities, challenges of newly-issued PPP lawTHE PENINSULA - DOHA
Qatar Chamber (QC) yesterday announced that it would hold the “Conference on Devel-opment of Public-Private Partnership” (PPP) on July 7 (Tuesday) under the patronage of Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari and QC Chairman Sheikh Khalifa bin Jassim Al Thani.
QC also said that the con-ference was scheduled to be held in March, but it was post-poned due to the precau-tionary measures taken to curb COVID-19.
The conference, which is being organised by Al Mashoura Advertising via video conference technology, aims at raising awareness among business sectors about Law No. 12 of 2020 regulating the partnership between public and private sectors, issued by the Amir H H Sheikh Tamim bin Hamad Al Thani last May.
On his part, QC Director General Saleh bin Hamad Al Sharqi said that the conference expected to be attended speakers from the public and private parties and will see the participation of businessmen, representatives of government bodies and experts from various countries.
He noted that it aims at examining opportunities and challenges resulted from the law, reviewing the interna-tional best practices and expe-riences in partnership, as well as discussing many research studies on conducted on
partnership and what the private sector expect from the partnership.
He said that the PPP law enhances the economic and investment environment which witnessed great devel-opment, especially after the issuance of many new eco-nomic legislations such as the law regulating the Non-Qatari Capital Investment in the Eco-nomic Activity, the Unified Register Law, the Anti-money Laundering and terrorism Financing Law, the law on sup-porting the competitiveness of national products and com-bating harmful practices to them in international trade, the Law on the regulation of non-Qatari ownership and utili-sation of real estate, the Indus-trial Zones Law and other leg-islation and laws that have contributed to making Qatar a future for global investments.
Al Sharqi pointed out that during the conference, ideas will be exchanged on enhancing the partnership and the sectors that may attract partnership projects between the two sectors.
He expressed his hope that this partnership will accelerate the introduction of govern-mental projects and push forward the economic devel-opment, in addition to bringing local and foreign investments to different economic sectors.
In 2009, the Qatar Chamber held a conference on partnership that recom-mended issuing a law that reg-ulates the public-private partnership.
Fed’s gloomy economic outlook“about right”, say economistsREUTERS - BENGALURU
The Federal Reserve struck the right tone in its first pandemic-era economic outlook, suggesting years of extraordinary policy support for an economy facing a slow and long slog back, according to a majority of econ-omists in a Reuters poll.
While the June 15-22 poll of over 100 economists showed a recovery from the steepest eco-nomic downturn was underway as commerce reopens, the loss of output in the first half of this year was not expected to be recouped by the end of next year.
The central bank at its policy meeting on June 10 pledged to keep monetary policy loose for years to help an economy that has buckled under the shutdowns, restrictions and other measures to battle the coronavirus pan-demic, which has infected around 9 million people worldwide and killed nearly 120,000 in the United States.
While unprecedented fiscal and economic stimulus sparked a rally in stock markets after a trough in late-March, three-quarters of economists polled, or 45 of 60, said the Fed’s somber economic projections and its ultra-easy policy stance was “about right.”
Ten respondents said the Fed’s projections were “too pes-simistic” and only five said “too optimistic.”
Economic data appear to back up the Fed’s economic pro-jections, with jobless claims still more than double their peak during the Fed Chair Jerome Powell has acknowledged it could take years for all the people left unemployed during the pandemic to reacquire jobs.
“I think the Fed is trying to convey a realistic assessment,”
said Steven Englander (pictured), global head of G10 FX Research and North America macro strategy at Standard Chartered. “We have 20.1 million more unemployed people and in the next couple of months a lot of those people are likely to come back to work. So, if that doesn’t happen, it’s a disaster. Because, it means that even with all the stimulus, nothing’s working.”
The May employment report showing a gain of 2.5 million jobs was unexpectedly strong, wrong-footing every forecaster who expected many millions more people out of work.
Asked what best describes that report, over 60 percent of 58 economists who responded said it “overstates the strength of the job market recovery,” while the other 40 percent said it was “about right.” None said it under-stated job market strength.
“The May numbers are a reo-pening bounce with an unem-ployment rate that understates the true level of labour market dislo-cation due to misclassification errors,” said Scott Anderson, chief economist at Bank of the West in San Francisco.
The unemployment rate was forecast to fall gradually over the next two years, but still remain well above pre-COVID levels,
averaging 9.8 percent this year and 8 percent next year, meaning the Fed would not meet its dual mandate , 2 percent inflation and full employment, until at least 2022.
The central bank was expected to keep rates near zero over the forecast horizon and expand its balance sheet, at a little over $7 trillion currently, to $9 trillion by end-2020 and to $10 trillion by end-2021.
U.S. gross domestic product will shrink an unprecedented 34.8 percent this quarter after con-tracting 5.0 percent last quarter, on a seasonally adjusted annu-alized basis, according to the poll, and broadly unchanged from the last survey.
The economy was forecast to grow 18.5 percent in the third quarter and 8.0 percent in the fourth quarter, compared to 16.0 percent and 9.0 percent forecast in the last poll.
In a worst-case scenario, the economy was forecast to grow 3.8 percent in Q3, but shrink 0.9 percent in Q4, compared to a contraction of 2.5 percent and 1.0 percent, respectively, in the May poll.
The median forecast saw the economy on course to contract 5.8 percent this year, but grow 4.1 percent in 2021. In a worst-case scenario, it was expected to shrink 9.3 percent this year and grow just 0.4 percent next year.
“All else equal, an earlier COVID vaccine would likely have a larger economic impact, as prolonged weakness in the absence of a vaccine increases the likelihood of severe scarring effects such as permanent layoffs and business closures that are not reversed even after the arrival of a vaccine,” noted Jan Hatzius, chief economist at Goldman Sachs.
Former CEO of Wirecard held in $2.1bn scandalAP - BERLIN
The former CEO of German payment service provider Wirecard has been arrested, accused of inflating the com-pany’s balance sheet in an accounting scandal that centres on a missing sum of €1.9bn ($2.1bn), prosecutors in Munich said yesterday.
Markus Braun (pictured) resigned on Friday after the company said that auditors couldn’t find accounts con-taining the money. On Monday, Wirecard said it has concluded that the money probably doesn’t exist.
Prosecutors said a court issued an arrest warrant shortly
afterward and Braun, who had been in Vienna, turned himself in on Monday evening.
He is accused of inflating the company’s balance sheet and revenue using sham income from business with third-party acquirers, “possibly in collabo-ration with further perpe-trators,” in order to “portray the company as financially stronger and more attractive for investors and clients,” they said in a statement.
Braun, an Austrian who had led Wirecard since 2002, was arrested on suspicion of incorrect statements of data and market manipulation.
Prosecutor Anne Leiding said it remains to be seen
whether the case may expand to include other offenses, and investigators have yet to determine “how often, for example, these incorrect results were used to obtain loans from other banks.”
After Braun turned himself in, he pledged his cooperation in a first meeting with investi-
gators, Leiding told reporters.Later yesterday, he was
brought before a judge, who ordered that he be released on condition that he post a €5m ($5.7m) bail and report to police every week, prosecutors said. They said it wasn’t considered necessary to keep him in custody to secure the pro-ceedings at present, given that he had turned himself in.
Wirecard AG was once regarded as a star of the growing financial technology sector, but its shares have fallen sharply after the company became the subject of multiple Financial Times reports about accounting irregularities in its Asian operations.
