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THURSDAY 12 NOVEMBER 2020

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Nakilat included in MSCI Emerging Markets Large Cap IndexIn the midst of the current unprecedented challenging time, we are very pleased to be included in the MSCI Emerging Market Large Cap Index.

BUSINESS | 02Eng. Abdullah Fadhalah Al Sulaiti Chief Executive Officer of Nakilat

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Business

The project also features 10 villas with beach views. The beach villas have access to a 5-star operated beach which makes it an innovative offering launched for the first time in the the Middle East.

This massive amount of money will be spend on developing basic infrastructure facilities such as water, electricity and sewer system in new projects over the next five years.

Al Sada conferred Order of the Rising Sun by JapanQNA — TOKYO

HM Emperor Naruhito of Japan granted yesterday the Order of the Rising Sun to former Minister of Energy and Industry, H E Dr. Mohammed bin Saleh Al Sada, who is also the former Chair of the Japan-Qatar Joint Economic Committee, at the Imperial Palace.

The Order of the Rising Sun was conferred on Al Sada in appreciation for his role in ensuring the success of the Japan-Qatar Joint Economic Committee, his role in devel-oping bilateral relations in the field of energy, ensuring stable supply of oil and gas to Japan during his tenure, in addition to his contributions to the success of the LNG Producer-Consumer Conference hosted by Japan.

The official ceremony was attended by HE Prime Minister of Japan Yoshihide Suga, a number of Their Excellencies ministers and high-ranking Japanese officials, and Ambas-sador of the State of Qatar to Japan, H E Hassan bin Mohammed Al Emadi.

For his part, Al Sada expressed his appreciation to the Japanese government for

granting him the Grand Cordon of the Order of the Rising Sun, stressing that it was a tribute to the State of Qatar. He stressed that the strong bilateral ties between the two countries over many decades is a result of the vision and wise policies of Amir H H Sheikh Tamim bin Hamad Al Thani, as well as the estab-lished rules set by Father Amir

H H Sheikh Hamad bin Khalifa Al Thani in adopting a balanced an active diplomacy based on mutual respect and enhancing cooperation with friendly coun-tries in all fields.His Excellency praised the strong bilateral ties, particularly in the field of energy saying it played a big role in enhancing ties in all the other fields.

QFC to become new frontier in aircraft financeTHE PENINSULA — DOHA

Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, yesterday highlighted the stra-tegic role of the aviation industry as an integral component of the global economy and showcased its suitability as an aircraft financing and leasing desti-nation during a webinar entitled: ‘A New Frontier in Aircraft Finance’. The event was held in collaboration with PwC, K&L Gates, Magi Aviation Capital, Aventicum Capital Management and Qatar Free Zones Authority (QFZA).

Providing a comprehensive o v e r v i e w o f l a t e s t

developments in the aviation industry, the webinar partici-pants discussed current market trends amidst the challenges of the COVID-19 outbreak. They also identified key factors required boost growth in the aircraft finance and leasing sector noting the QFC’s com-petitive offering in this regard and also highlighted emerging opportunities in Qatar’s wider aviation sector.

Led by Yousuf Mohamed Al Jaida, CEO, QFC Authority; Salah Gueydi, Director of Tax, QFC; Roscoe Banks, Legal Director, QFC; Sajid Khan, Qatar Tax Leader, PwC Middle East; Sidanth Rajagopal, Partner K&L Gates; Sean Cleghorn, CEO Magi Avi-ation Capital; Fahmi Alghussein,

CEO, Aventicum MENA & Frontier Markets and John Gould, Head of Aerospace, Logistics and Maritime, QFZA, the thought-provoking webinar showcased the conclusions of the latest reports on the suitability of the QFC’s Tax and Legal Regime for aircraft financing and leasing. The speakers also discussed the QFC as a new frontier market in aircraft finance.

Yousuf Mohamed Al Jaida said, “While the international airline industry continues to recover from the devastating effects of the COVID-19 pan-demic, the development of new vaccines will no doubt begin to revive international travel. The aviation industry is, at the same time, re-organising itself in ways

that will make it more resilient to global challenges and the private sector will no doubt play a critical role in this. We believe that the QFC provides a compet-itive alternative environment from which players in the air-craft industry can grow their business and the views of the industry experts expressed during today’s webinar only serve to confirm this.”

Al Jaida added, “Backed by our well-developed and com-prehensive legal and tax regimes, the QFC is well suited to serve as a hub for the aircraft financing and leasing industry and to further contribute in boosting the growth potential of this sector in Qatar and the region.”

Manateq to invest QR10.3bn in new industrial zones: CEO

H E Dr. Mohammed bin Saleh Al Sada with officials during the event.

MOHAMMAD SHOEB THE PENINSULA

The Economic Zones Company- Qatar (Manateq) has announced to invest over QR10bn in devel-oping infrastructure in various industrial zones, the Chief Exec-utive Officer of Manateq, Fahad Rashid Al Kaabi, (pictured) told The Peninsula in an exclusive interview, yesterday.

This massive amount of money will be spend on devel-oping basic infrastructure facil-ities such as water, electricity and sewer system in new projects over the next five years. This esti-mated investment of QR10.3bn ($2.83bn) is new allocation, and does not include Manateq’s other projects which are already under development or at the verge of com-pletion, said the CEO of the state-backed company.

“Today we held our Annual meeting and discussed the five-year plan, which is in line with the government’s strategy and long-term vision. During

the meeting we discussed a lot of items on the agenda of the meeting, including our future projects which are worth approximately QR10.3bn,” Al

Kaabi told this newspaper over telephone.

Al Kaabi added: “These projects include infrastructure development in new industrial zones in Mesaieed, Al Khor, Al Ruwais logistics area and also a part of Al Karaana industrial complex.

He said that during the meeting, senior officials of Manateq also discussed some operational efficiency and stra-tegic modifications of the eco-nomic zones company which is overseeing the development and operation of various logistics parks, warehousing complexes, and industrial zones across the country. These projects are part of the Qatar’s long-term vision to transform and diversify the energy-rich economy into a well-developed and sustainable society by 2030.

“Manateq’s Annual Planning Forum was held today. This year was focused on “Providing Prac-tical Solutions Towards Excel-lence”. The annual forum is an important part of Manateq’s mission to create business envi-ronment that enables investors to deliver value added products & services,” said the company on its official twitter handle, yes-terday. �P2

Sale of Qetaifan Island North’s Phase 2 Villa Plots launched SACHIN KUMAR THE PENINSULA

Sheikh Nasser bin Abdul Rahman Al Thani, Managing Director of Qetaifan Projects and Vice Chairman of Katara Hospitality, launched the sales of the second phase of resi-dential villa plots, yesterday. Phase 2 Villa Plots consist of 51 plots which include beach access villas, waterfront villas, and garden villas. The project also features 10 villas with beach views. The beach villas have access to a 5-star operated beach which makes it an inno-vative offering launched for the first time in the the Middle East.

“Given the high demand on Qetaifan Island North’s Phase 1 villa plots, which was launched last year during Cityscape exhi-bition after studying the market and by offering competitive prices and payment facilities to owners and investors, and in continuation of the company’s

success, we announce the sales launch of Phase 2 Villa Plots, consisting of 51 plots including beach access villas, waterfront villas, and garden villas,” said Sheikh Nasser bin Abdul Rahman Al Thani addressing a press conference held yesterday at The Ritz Carlton Hotel.

“We have launched a new real estate product for the first time in the Middle East, which is 10 villa plots with access to a five-star operated beach, at

competitive prices, and financing facilities for either owners or investors,” he added.

The press conference was also attended by Hesham Sharaf, Chief Operating Officer; Sheikh Nasser bin Abdulaziz Al Thani, Head of Business Development Department at Qetaifan

Projects, and Nasser Hassan Al Ansari, Chairman of the Board of Directors of Just Real Estate Company, and Salman Jassim Al Darwish, Chairman and CEO of Al Boraq Automo-biles Co. W.L.L. Additionally Eng. Jamal Al Kaabi, Board Member of Qetaifan Projects, and Samer Malaeb – Regional

Director of Admares and other senior officials were also present during the event.

During the conference, Qetaifan Projects signed a memorandum of understanding with Al Boraq Automobiles, which includes the supply and construction of electric charging stations for electric cars on

Qetaifan Island North.“The demand for investment

in phase 1 of Qetaifan Island North reflects the position the company has reached in the local real estate development market, indicating that the project represents a starting point for Qetaifan Projects towards developing more projects and serving various state sectors,” said Sheikh Nasser bin Abdul Rahman Al Thani.

Qetaifan Island North is part of Lusail city, and features seven beaches, which makes it a dis-tinctive waterfront for the city. The island spans 1.3 million sqm, and the area of projects on the island extends to approxi-mately 830,000sqm.

“We believe in the future of Qetaifan Island North and are working hard and sincerely to make the island a pioneering touristic destination,” said Sheikh Nasser bin Abdul Rahman Al Thani. P3

Sheikh Nasser bin Abdul Rehman Al Thani (centre), Managing Director of Qetaifan Projects; Nasser Hassan Al Ansari (left), Chairman of Just Real Estate, and Salman Jassim Al Darwish, Chairman and CEO of Al Boraq Automobiles, during the launch of Qetaifan Project Phase 2 Villa Plots sale at The Ritz-Carlton yesterday. PIC. ABDUL BASIT/THE PENINSULA

QSE clarifies on trading volume of Mazaya Real EstateQNA — DOHA

Qatar Stock Exchange (QSE) clarified yesterday that the “Mazaya Real Estate Devel-opment” has affirmed that there is no undisclosed infor-mation or decisions, or substantial news affecting the increase in trading volume on its shares.

QSE said in a statement on its website that the man-agement of Qatar Stock Exchange, based on the prin-ciple of disclosure and trans-parency, had addressed that Mazaya Real Estate Devel-opment regarding the high volume of trading on its shares.

The company stated that there was no information or deci-sions that were not disclosed.

QSE noted that Mazaya Real Estate Development affirmed its full commitment to laws and legislations related to the prin-ciples of disclosure and trans-parency, and its keenness on the interests of dealers.

In a similar development, QSE had clarified on Tuesday that the “Qatari German Medical Devices Co.” affirmed that there is no undisclosed information or decisions, or substantial news affecting the increase in trading volume on its shares.

02 THURSDAY 12 NOVEMBER 2020BUSINESS

“We are excited to partner with Porsche Doha to provide free charging facilities for all electric and hybrid vehicles, which is in line with the promise to continue to drive our sustainability efforts”, said Andreas Pfister, Director of Operations Northern Gulf and General Manager of InterContinental Doha.

QC takes part in virtual FGCC Chambers meet

THE PENINSULA - DOHA

Qatar Chamber (QC) partici-pated in the 53rd meeting of the Federation of GCC Chambers (FGCC Chambers) held virtually yesterday.

QC’s Chairman Sheikh Khalifa bin Jassim Al Thani headed the Chamber’s dele-gation participating at the meeting.

The meeting ratified the minutes of the 52nd meeting of the FGCC Chambers held in Muscat in December 2019 and followed up on its decisions.

It also reviewed the findings of the study on the restruc-turing of the FGCC Chambers’ General Secretariat and dis-

cussed updates of the estab-lishment of the new head-quarters of the federation.

The meeting’s agenda also reviewed the annual report on revenues and expenses and final accounts of the FGCC Chambers General Secretariat for the year 2018, as well as appointment of auditor for the year 2020 and the annual report for 2019.

The meeting further dis-cussed the agenda of the 54th meeting of FGCC Chambers to be held on December 24, 2020 and a memorandum on coop-eration between the FGCC Chambers and the GCC’s General Secretariat on interna-tional economic relations.

Chairman of Qatar Chamber, Sheikh Khalifa bin Jassim Al Thani participating in the 53rd meeting of the Federation of GCC Chambers (FGCC Chambers) held virtually, yesterday.

InterContinental Doha partners with Porsche to promote sustainabilityTHE PENINSULA - DOHA

Leading a responsible business is part of IHG vision. Hospitality industry is seeing sustainable activities on the rise, corporate clients and sport organisations increasingly interested in hotels’ environmental pro-grammes. It is therefore becoming an imperative for InterContinental Doha to dem-onstrate its commitment to sus-tainability and contribution towards global environmental priorities.

As part of IHG’s Green Engage initiatives which com-prises more than 200 “Green

Solutions” designed to reduce hotel environmental impact by decreasing carbon footprint and Qatar nation’s sustainability vision, InterContinental Doha commence collaboration with Porsche Centre Doha.

“We are excited to partner with Porsche Doha to provide free charging facilities for all electric and hybrid vehicles, which is in line with the promise to continue to drive our sustainability efforts”, said Andreas Pfister, Director of Operations Northern Gulf and General Manager of InterCon-tinental Doha.

Porsche charging station is

installed in the covered VIP parking lot of InterContinental Doha and it is a new addition of the Porsche Destination Charger network available to use complimentary by Porsche customers and electric and hybrid vehicle owners.

Salman Jassem Al Darwish, Chairman and CEO of Porsche Centre Doha, said: “Over the last few months, we have been expanding our Porsche Desti-nation Charging programme with several new installations in strategic locations. This recent set-up at the milestone in our plans to provide cus-tomers with peace of mind.

The current ramp-up is in line with our preparations to offi-cially start deliveries of our first all-electric model, the Taycan.”

Located on Doha’s longest private beach, the iconic Inter-Continental Doha and Resi-dences offers world-class facil-ities with unparalleled service. It is the perfect place to indulge in the vast array of culinary choices offered by award-winning restaurants from fan-tastic Peruvian fare at La Mar, ice-cold European brews at Belgian Café, signature bev-erages at La Vue, and sip on the perfect cup of Afternoon Tea at The Lounge or escape into a haven of relaxation at the property. Senior officials of InterContinental Doha and Porsche Centre Doha during the signing ceremony.

Vodafone opens pre-orders for the new 5G iPhone 12 line-up on November 13THE PENINSULA - DOHA

Vodafone Qatar will offer the new iPhone 12 line-up, including iPhone 12 Pro, iPhone 12 Pro Max, iPhone 12, and iPhone 12 mini, introducing a powerful 5G experience. Pre-orders will start 00:01 on Friday (November 13) at select Vodafone stores and online, with availability from November 20. Pre-orders and pricing details are available at www.vodafone.qa/iphone12

With a beautiful all-new design, iPhone 12 models feature unparalleled new

camera systems, edge-to-edge Super Retina XDR displays for

a more immersive viewing experience, the biggest jump in durability with the Ceramic Shield front cover, and Apple-designed A14 Bionic chip, the fastest chip in a smartphone.

There are great reasons to choose Vodafone for iPhone 12. For a start, Vodafone has built a wide 5G network footprint across the country giving instant Giga fast 5G speeds on iPhone 12. Vodafone also has the perfect plans for an iPhone 12- Unlimited 5G Plans give you unlimited local data and local

calls making your iPhone 12 unstoppable on Vodafone’s GigaNet 5G network. On top of this, Vodafone exclusively offers customers a second year war-ranty worth QR295 with every iPhone 12 purchase.

Vodafone 5G is in prime locations such as Hamad Inter-national Airport, the first airport in the region to offer 5G service to its passengers; Mall of Qatar, one of the first malls in the region with 5G service; several hotels including Park Hyatt and Mandarin Oriental; popular

destinations such as Katara and Souq Waqif; and dozens of res-idential locations including Al Waab, Umm Slal, Al Rayyan, Gharaffa, Abu Hamor, Mamoura, Al Sadd, Bin Mahmoud, Muntazah, Bin Omran, Madinat Khalifa, Al Aziziyah, and Msheireb. In addition to covering 75 percent of Doha with 5G, Vodafone Qatar has extended 5G coverage to other areas outside Doha such as Al Khor, Al Wakra and a number of camping areas in Sealine.

HMC, Waseef and QRCS hold blood donation driveTHE PENINSULA - DOHA

Waseef, the pioneer of real estate management and mar-keting, co-held with Qatar Red Crescent Society (QRCS) and Hamad Medical Corporation (HMC) – Blood Donor Center a blood donation campaign among the residents of the Workers’ Housing in Al-Khor.

Workers’ Housing in Al-Khor is one of the projects

of Barwa Real Estate Group serving labourers in Qatar.

This campaign is part of the company’s corporate social responsibility (CSR), with a view to raising awareness among laborers about the importance of humanitarian action, educating them on key health issues from the con-cerned organizations, and pro-viding the health institutions in Qatar with the blood they

need.Waseef, which manages

and rents the Workers’ Housing facilities in Al-Khor, expressed thanks to QRCS and HMC – Blood Donor Center for coop-eration to make the drive a success. It was widely wel-comed by the laborers, who commended it as helping to save the lives of patients and injured people.

It is note worthy that

Waseef is eager to take part in different CSR initiatives, always seeking to promote health awareness among the resident workers and beneficiaries of the projects it manages.

The company, a subsidiary of Barwa, continues to engage in community-oriented and health-oriented activities, building awareness among workers about the value of community service in Qatar.

Residents of Workers’ Housing in Al-Khor waiting for their trun at the blood donation facility in Al Khor, recently.

Nakilat included in MSCI Emerging Markets Large Cap IndexTHE PENINSULA - DOHA

Nakilat (Qatar Gas Transport Company) has been added to the Morgan Stanley Capital Interna-tional (“MSCI”) Emerging Markets Large Cap Index as a constituent of the MSCI Qatar Large Cap index, effective as of the market close of November 30, 2020, announced the company yes-terday. This comes following Morgan Stanley Capital Interna-tional Inc.’s (MSCI) Semi-Annual Index Review (SAIR) and its sub-sequent announcement on November 10.

The company’s inclusion by MSCI demonstrates the great confidence of capital markets in Nakilat. An MSCI inclusion will be viewed positively by the global investor community and enhances Nakilat’s profile worldwide. Nakilat is dedicated to grasp any opportunities in the global market, to propel the group’s long-term growth, and eventually maximize share-holders’ return.

Commenting on the inclusion to the MSCI Emerging Markets Large Cap Index, Eng. Abdullah Fadhalah Al Sulaiti, Chief Exec-utive Officer of Nakilat said: “In the midst of the current unprec-edent challenging time, we are very pleased to be included in the

MSCI Emerging Market Large Cap index. This great achievement is a result of the company’s sustainable and bal-anced corporate strategy to achieve long-term impressive risk adjusted returns to Nakilat’s shareholders, which includes operational excellence, reliability and capturing lucrative business opportunities.”

“Nakilat’s resilient business model and its equity story have been well recognised by the global capital market partici-pants, which in turn, qualified Nakilat to be included back to the MSCI Qatar Large Cap index effective as of the market close of November 30, 2020. In addition, I would like to take this opportunity to extend my appre-ciation to Nakilat’s the Board of Directors for their unparalleled support, empowerment, and

strategic guidance which has supported for this great success,” he said.

Al Sulaiti added: “As our focus has always been to deliver quality service to our charterers and to maximise returns for our shareholders, I am confident that this will further support us to expand our global foothold in the global LNG shipping industry. We assure all of Nakilat’s stake-holders that such success is not the end, however, it is the beginning for new stage for further achievements in the future.”

The MSCI Emerging Markets Large Cap Index is one of the widely used international equity benchmarks by institutional investors. MSCI is a leading pro-vider of global equity indices and benchmark related products and services to investors worldwide.

FROM BUSINESS PAGE 1

Manateq’s new Mesaieed Indus-trial Zone is located within Mesaieed Industrial City (MIC) and only 30km south of Doha. The upcoming industrial complex will be a hub for the petrochemical, chemical ferti-liser, oil refining, metallurgical, workshops and primary building material sectors in Qatar, according to the com-pany’s website.

Al Kaarana and Al Khor industrial zones offer all the logistic needs to the business

ventures that require open yards, by providing a varied range of plots in addition to the added incentives such as the competitive rent rate and short-term lease contracts.

Manateq recently launched new plot leases in its Birkat Al Awamer Logistics Park, designed for investors. The 9.4 million sqm park - one of five logistics projects being developed by Manateq - is designed to appeal to com-panies wanting to build their own facilities through providing them comprehensive solutions

that will allow them to build warehouses or workshops, commercial showrooms, offices, and staff accommo-dation all in one piece of land.

Al Kaabi told this news-paper last week that Manateq was overwhelmed by the huge response it received from the investors and businesses who have expressed interests to invest in its various projects, especially for the newly announced Birkat Al Awamer Logistics Park land plots, said a top official of the state-owned company.

Manateq to invest QR10.3bn in new projects: CEO

Senior officials of Economic Zones Company- Qatar (Manateq) attending the company’s Annual Planning Forum, yesterday.

03THURSDAY 12 NOVEMBER 2020 BUSINESS

ROLACC, UNITAR launch e-learning courseTHE PENINSULA — DOHA

The Rule of Law and Anticor-ruption Center (ROLACC) and the United Nations Institute for Training and Research (UNITAR) have announcd the launch and first iteration of the e-learning course on ‘Anticorruption and Sustainable Development: Building Inclusive and Trans-parent Societies for All’.

This tool aims at strength-ening the competencies required by delegates of States and other relevant stakeholders for over-coming some of the challenges to combat corruption. In addition to learning its causes and consequences for sus-tainable development, partici-pants will also understand the benefits of its prevention for the enhancement of the rule of law and the enjoyment of Human Rights.

Corruption hinders sus-tainable development in all countries, regardless their stage of development. In this regard, mainstreaming knowledge about this problematic pursues the transformation of discrimi-natory social institutions, laws, cultural norms and community practices, such as those limiting access to property rights or restricting their access to public space.

In order to tackle its root causes and consequences as well as to find solutions for

prevention, accountability and redress, the impact of main-streaming knowledge is a pow-erful resource towards trans-forming the lives of individuals and societies as a whole. Therefore, the creation of spaces to raise awareness represents an opportunity to enhance capa-bilities and share good practices towards a culture of learning.

As a contribution to this endeavor, the Rule of Law and Anti-Corruption Centre (ROLACC) and the United Institute for Training and Research (UNITAR) have brought together their expertise and practical knowledge to col-laboratively developed this course. It has been designed for 6 weeks (40 hours), starting with its first iteration from 10th November 2020 -its launch day- to 22 November 2020.

It is based on UNITAR’s sound adult learning peda-gogical principles and follows the UN Disability-Inclusive approach, which recognizes that combating corruption requires improving accessibility services, information, and participation of persons with disabilities.

Hence, this tool includes sign language video and narrative audio. A certificate of completion and a certificate of participation will be issued, according to some parameters. Registrations will be open from November 23, 2020 to January 10, 2021

Opec expects coronavirus to curboil demand recovery into 2021REUTERS — LONDON

Global oil demand will rebound more slowly in 2021 than previ-ously thought because of rising coronavirus cases, Opec said yesterday, hampering efforts by the group and its allies to support the market.

Demand will rise by 6.25 million barrels per day (bpd) next year to 96.26 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report.

The growth forecast is 300,000 bpd less than expected a month ago.

The weakening demand recovery could support the case for Opec and its allies, a group known as OPEC+, to delay a scheduled oil-output boost next year.

Algeria said yesterday OPEC+ could even make further curbs if needed.

Opec’s report said moves by European governments to shut restaurants and encourage working from home would hit fuel demand for the rest of 2020, with the pandemic’s impact on the oil market lin-gering until the middle of next year.

“The oil demand recovery will be severely hampered and sluggishness in transportation and industrial fuel demand is now assumed to last until mid-

2021,” Opec said in the report.This is the last report before

an OPEC+ advisory panel meets next week and their next policy meeting on November 30 and December 1.

Oil has risen this week and hit a more than two-month high above $45 a barrel yes-terday after drugmakers Pfizer and BioNTech said their COVID-19 treatment was more than 90 percent effective in initial trial results.

Opec said “an effective and widely distributable vaccine”

could support the economy as early as the first half of 2021, although an Opec source said this was not yet included in the forecasts.

The group has lowered its 2021 demand growth forecast from an initial 7 million bpd in July.

Opec also in the report cut its estimate of this year’s con-traction in oil use to 9.75 million bpd, from 9.47 million bpd.

The report showed rising output too, another headwind

for Opec+, despite continued strong Opec compliance with pledged supply curbs.

Opec said its output rose by 320,000 bpd to 24.39 million bpd in October, driven by a rebound in Libya, an Opec member exempted from making cuts.

The group forecast demand for its crude will be 600,000 bpd lower than expected next year at 27.4 million bpd. That would still allow for higher average Opec production in 2021.

Even so, the coming meetings will focus on whether Opec+ should boost supply by 2 million bpd from January, as currently called for. Opec+ already tapered the cut by 2 million bpd in August, from 9.7 million bpd from May.

In this file photo, the OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria.

Oil has risen this week and hit a more than two-month high above $45 a barrel yesterday after drugmakers Pfizer and BioNTech said their COVID-19 treatment was more than 90 percent effective in initial trial results.

Chinese shoppers spend over$100bn in Singles’ Day festAP — HONG KONG

Chinese consumers spent over a hundred billion dollars during this year’s Singles’ Day shopping festival, signaling a rebound in consumption as China recovers from the coro-navirus pandemic and a battering of the economy.

From November 1 to November 11, shoppers spent 498.2 billion yuan ($75.1bn) on Taobao and Tmall, the e-com-merce platforms operated by Alibaba, China’s largest e-com-merce company.

The final sales figure exceeded last year’s $38.4bn over 24 hours, after Alibaba extended its sales period this year for the first time as it sought to help boost sales for merchants affected by the coronavirus pandemic.

On rival platform JD.com, consumers racked up 271.5 billion yuan ($40.9bn) in sales over the same period.

The annual Singles’ Day shopping festival, the world’s

largest of its kind, offers shoppers generous discounts on a variety of products, from fresh produce to luxury items.

Merchants big and small, from small online stores to international brands like Apple, Nike and L’Oreal, participate in the festival by slashing prices on their products.

The annual shopping fes-tival is closely watched as a barometer for consumption in China. Alibaba, which pio-neered the shopping festival, held its first Singles’ Day sale in 2009.

Over the past decade, the shopping bonanza has become the world’s largest, regularly dwarfing Black Friday and Cyber Monday sales in the US.

The Singles’ Day festival is named as such because the main shopping day falls on November 11, which when written numerically as 11.11 resembles “bare branches”, a Chinese expression for the single and unattached.

A screen shows the value of goods being transacted during Alibaba Group’s Singles’ Day global shopping festival at a media centre in Hangzhou, Zhejiang province, in China, yesterday.

Honda wins world-first approval for Level 3 autonomous carsAFP — TOKYO

Honda yesterday won approval to sell Level 3 autonomous cars in Japan, in what the automaker and Japanese authorities said was a world-first.

The auto giant said it planned to put the vehicles, capable of taking over driving in circumstances such as a busy highway, on sale before next March.

Vehicle autonomy is clas-sified along a scale from 0-5, with 5 indicating essentially total autonomy.

The “type designation” approved by the Japanese gov-ernment yesterday “enables the automated driving system to drive the vehicle instead of the driver under certain conditions, such as when the vehicle is in congested traffic on (an) expressway,” Honda said in a statement.

“Honda is planning to launch sales of a Honda Legend equipped with the newly approved automated driving equipment (‘Traffic Jam Pilot’) before the end of the current fiscal year,” the company added.

“It’s a world-first for an automaker to receive type des-ignation” for Level 3 autonomy, a Honda spokesman told AFP.

He said the firm could now also become the first in the world to mass produce Level 3 capable cars commercially, though other firms are also racing to bring similarly equipped vehicles to market.

Several automakers have already manufactured vehicles

capable of Level 3 autonomy, but few countries have legal frameworks to permit their sale and use.

Japan has amended its Road Vehicle Act to allow the vehicles to be sold, and the Ministry of Land, Transport and Tourism said self-driving cars would play a key role in the country’s future.

“Self-driving cars are expected to play a big role in solving various social issues our country faces, such as reducing traffic accidents, securing transportation for the elderly and others, and improving pro-ductivity in the field of logistics,” the ministry said in a statement.

It said it had issued the Level 3 approval “for the first time in the world” after determining the system complied with national traffic safety regulations.

The system is designed so that the car will alert the driver

when conditions are no longer suitable for self-driving and they must take over.

Automakers and tech firms are locked in a fierce battle for the lead in self-driving tech-nology, with electric carmaker Tesla among the challengers.

Earlier this year, Tesla chief Elon Musk raised eyebrows by claiming he was “extremely confident” Level 5 autonomy would happen “very quickly”.

He claimed the “basic func-tionality” for full autonomy would be “complete this year”.

But analysts say that is hyperbole, and automakers are still a long way even from a true Level 4 system, in which a car is considered to no longer have a driver, just passengers.

Level 5 vehicles would the-oretically have no steering wheel or other driver controls and be capable of handling all terrain types and weather without driver assistance.

People walk past a car displayed outside a Honda showroom of company’s headquarters in Tokyo, recently.

Sale of Qetaifan Island North’s Phase 2 Villa Plots launched

FROM PAGE 1

He explained that Qetaifan Island North serves the plans to host the 2022 World Cup, as it provides modern facilities capable of accommodating a large number of hotels, retail outlets, restaurants, and unique recreational facilities such as the waterpark and the vast green spaces.

“Qetaifan Island North represents a commitment to investing in the development of the tourism industry and strengthening the hospitality sector in Qatar, indicating that Katara Hospitality’s vision aims to change the world of hospitality through investment and innovation, which would leave a prominent legacy for future generations in line with Qatar’s National Vision 2030,” he said.

Nasser Hassan Al Ansari, Chairman of Just Real Estate, added, “The sales launching of Qetaifan Island North’s phase 2 is an addition to the real estate market in Qatar, and presents an opportunity for investors and those wishing to build their own villas with stunning sea views. Qetaifan Island North is an investment attraction that offers a great mix of enter-tainment, housing and hospi-tality. Phase 2 investors are of the category of people looking for a distinctive lifestyle, as the project also provides an oppor-tunity in a central enter-tainment destination for the 2022 FIFA World Cup.”

To ensure transparency, and in accordance with the principle of equal opportunity for all, the sale process will be through bidding on the down payment for each plot, the same process that was followed for phase 1 villa plots, and accord-ingly, all those wishing to own a property in Qetaifan Island North will be invited to an event that will be held at the Ritz-Carlton Hotel on December 8.

It has been already announced that the door for reservations will be opened to all.

Qetaifan Projects signed a memorandum of under-standing with Al Boraq Auto-mobiles for the supply and con-struction of electric charging stations for electric cars on Qetaifan Island North.

In addition to a showroom focusing on the benefits of using electric cars and their impact on the environment, that will be located in the beach club on the island.

CEOs weather pandemic with compensation largely intactAFP — NEW YORK

Even as the pandemic roils the American economy, compen-sation for US chief executives has largely held up as many corpo-rations adjust their criteria for performance pay and bonuses during the crisis.

Only about one-fifth Russell 3000 index of publicly traded firms have reduced CEO pay, according to data compiled by the Conference Board with the consultancies Semler Brossy and Esgauge.

Corporate boards have opted for generous packages for exec-utives at the top even when, in many cases, firms have been laying off workers.

For CEOs, “it’s heads I win, tails I don’t lose,” said Jesse Fried, a Harvard Law School professor

specializing in executive compensation.

Fried said boards of directors appear to be willing to make adjustments to compensation criteria when it results in a boost for CEOs, but rarely will cut pay.

“Sometimes, there are good reasons for such adjustments: the need to retain talent, or better motivate managers,” he said.

“But there is a problem here: when firms experience positive shocks that have nothing to do with the CEO’s own per-formance, the compensation committee never adjusts CEO pay downwards so that the CEO is not overcompensated.” Con-cerns on executive pay were rising even before the pandemic. CEO median compensation for the Russell 300 firms was $4.3m in 2018, the most recent data

available. For the top 500 firms, total pay hit $14.8m or 264 times average worker pay in 2019, according to the AFL-CIO labor federation.

Many boards appear to be willing to overlook the impact of the Covid-19 pandemic as a factor unrelated to CEO per-formance even if the company is hurting, according to Fried.

There have been some notable cases of cuts, United Air-lines chairman Oscar Munoz and CEO Scott Kirby agreed to waive their salaries for several months as the carrier took a severe blow from a downturn in travel. Munoz in 2019 received $1.25bn in base pay and some $11m in bonus and stock awards.

Other firms have reworked their compensation criteria to ensure top executives don’t see

a major change.A total of 195 firms in the

Russell 3000 have made changes to incentive pay since March 1.

Nike, for example, has changed its incentive pay for CEO John Donahoe, discarding its previous metric of profit per share and revenue for one based on its relative performance to other Standard & Poor’s 500 firms for the future.

In the contact year ended in May, Donahoe did not meet per-formance goals set by the board but ended up with a special cash bonus of $6.75m for a total of $53.5m.

One-third of the Russell index firms have moved to limit annual bonuses for top executives.

But roughly the same number of companies have

moved to change the criteria on which bonuses are accorded.

“Investors are looking to boards and specifically com-pensation committees to be judicious” on compensation and incentive pay, said Glenn Davis, deputy director of the Council of Institutional Investors.

“On the one hand, you want to continue to incentivise man-agers. And on the other hand, you also don’t want to expose the company to criticism that the board is moving the goal-posts for the company leaders at a time when they are facing very difficult decisions.”

Analysts point out there is nothing improper about changing the criteria for incentive pay in light of the extraordinary circumstances.

04 THURSDAY 12 NOVEMBER 2020BUSINESS

Hong Kong, Singapore to launch ‘travel bubble’ AFP — HONG KONG

Hong Kong and Singapore will launch a “travel bubble” on November 22, their govern-ments said yesterday, in a rare piece of good news for the pandemic-battered airline and tourism industries.

A quota of 200 residents from each city will be able to travel on one daily flight to the other, Hong Kong commerce minister Edward Yau told a press conference.

Only those who have been in Hong Kong or Singapore for two weeks and tested negative for the coronavirus will be allowed to board, he added.

The corridor offers a glimpse into how places with less severe outbreaks might be able to safely restart some travel.

Passengers arriving in Hong Kong will have to test negative again at the airport to avoid quarantine, while those arriving in Singapore will have to download a contact-tracing app. Those hoping to get on a plane in Hong Kong will have to stump up around HK$1,500 ($190) for a test at a gov-ernment-approved laboratory

or hospital.In Singapore, a test will set

you back around Sg$200 ($150).The daily flights will be

operated by Singapore Airlines and Cathay Pacific.

Shares in Cathay Pacific rose 1.4 percent in Hong Kong fol-lowing the announcement and Singapore Airlines was flat, with both outperforming their respective markets.

If either city reports a daily average of more than five new cases from untraceable sources

over a week, the travel bubble will be suspended for two weeks, Yau said.

He added that if no spike in cases was reported, the flight quota between the two regional aviation hubs would be increased to two per day from each city from December 7.

Singapore transport minister Ong Ye Kung said the arrange-ments would be “as close at it gets to pre-Covid travel”.

Singapore is a major market for Hong Kong’s tourism

industry with more than 450,000 arrivals from the city-state recorded in 2019, according to the Hong Kong Tourism Board.

The announcement last month of the travel bubble plan led to a spike of more than 50 percent in ticket fares, according to online travel firm Expedia.

“Fabulous, HK here I come for Christmas,” one Singapore Facebook user wrote.

But not everyone was pre-paring to pack their bags.

“Fly to Singapore so we can walk around wearing a mask the same as in Hong Kong... better wait a bit longer until things are normal,” another said on Cathay Pacific’s Facebook page.

A file photo shows a person looking at a passenger plane belonging to Singapore Airlines.

TikTok asks court to intervene as Trump order loomsAP — NEW YORK

The popular video-sharing app TikTok, its future in limbo since President Donald Trump tried to shut it down earlier this fall, is asking a federal court to intervene.

TikTok’s Chinese owner, ByteDance, has until today to sell off its US operations under an executive order that Trump signed in August. Trump in Sep-tember gave his tentative blessing to a ByteDance pro-posal meant to resolve US national security concerns by placing TikTok under the over-sight of American companies Oracle and Walmart, each of which would also have a financial stake in the company. But TikTok said this week it’s received “no clarity” from the US government about whether its proposals have been accepted.

The deal has been under a national-security review by the interagency Committee on Foreign Investment in the United States, or CFIUS, which is led by the Treasury Department. The Treasury Department didn’t return

emailed requests for comment this week. “With the November 12 CFIUS deadline imminent and without an extension in hand, we have no choice but to file a petition in court to defend our rights and those of our more than 1,500 employees in the US,” TikTok said in a written statement Tuesday.

Trump has cited concerns that the Chinese government could spy on TikTok users if the app remains under Chinese ownership. TikTok has denied it’s a security threat but said it’s still trying to work with the administration to resolve its concerns.

The legal challenge is “a pro-tection to ensure these discus-sions can take place,” the company said.

The Trump administration had earlier sought to ban the app from smartphone app stores and deprive it of vital technical services, but federal judges have so far blocked those actions.

TikTok is now looking to the US Court of Appeals for the Dis-trict of Columbia Circuit to review Trump’s divestment order and the government’s national-security review.

Shares in Cathay Pacific rose 1.4 percent in Hong Kong following the announcement and Singapore Airlines was flat, with both outperforming their respective markets.

UK’s mini N-power stations to create 6,000 jobs: Rolls-RoyceAFP — LONDON

Plans to build mini nuclear power stations in the UK to reduce the country’s carbon emissions would create 6,000 jobs over five years, project head Rolls-Royce said yesterday.

A consortium headed by engineering giant Rolls-Royce wants to build 16 small modular reactor (SMR) power stations over the next two decades that it says are much cheaper and safer than traditional

installations. The consortium has won design-funding from the government which must decide on whether the project should proceed.

“The UK SMR consortium, led by Rolls-Royce, has announced it expects to create 6,000 regional UK jobs within the next five years, if the UK gov-ernment makes a clear com-mitment” to building the reactors, a statement said.

The jobs total could hit 40,000 by 2035, it added.

“We have developed a man-ufacturing and assembly process that will make reliable, low carbon nuclear power affordable, deliverable and investable,” Tom Samson, interim chief executive officer of the UK SMR Consortium, said in yesterday’s statement.

The consortium, comprising companies specialised in the nuclear and manufacturing industries, said each compact nuclear station would provide enough electricity to power

450,000 homes for 60 years. The first unit would be operational within a decade of the first order, and the consortium also hopes to sign contracts abroad.

Britain’s nuclear power plants built in the last century have either closed or are coming to the end of their lifespan.

But the country wants to maintain the 20 percent of elec-tricity it generates from nuclear power to help meet its pledge to reduce carbon emissions to net zero by 2050 and tackle climate

change.Meanwhile Rolls-Royce,

known mainly for its aircraft engines and luxury automobiles, has suffered huge financial losses as the coronavirus pandemic hammers the aviation sector.

Under an overhaul announced in May, Rolls is slashing 9,000 jobs, with more than half going this year.

Last month it launched plans to shore up its finances by up to £5bn.

QATAR STOCK EXCHANGE

QE Index 10,119.69 -0.12 %QE Total Return Index 19,454.78 -0.12 %QE Al Rayan Islamic Index - Price 2,323.30 -0.74 %QE Al Rayan Islamic Index 4,144.70 -0.74 %QE All Share Index 3,126.61 +0.06 %QE All Share Banks & Financial Services 4,223.70 +0.24 %QE All Share Industrials 2,950.98 -1.21 %QE All Share Transportation 3,009.31 +5.33 %QE All Share Real Estate 1,877.49 -1.41 %QE All Share Insurance 2,306.51 -0.36 %QE All Share Telecoms 936.40 +0.16 %QE All Share Consumer Goods & Services 8,130.33 -0.59 %

QE INDICES SUMMARY QE MARKET SUMMARY COMPARISON WORLD STOCK INDICES

GOLD AND SILVER

11-11-2020Index 10,119.69Change -12.16% -0.12%YTD% -2.93Volume 278,564,579Value (QAR) 588,796,865.85Trades 11,558Up 13 | Down 33 | Unchanged 0110-11-2020Index 10,131.85Change +37.04% +0.37%YTD% -2.82Volume 591,391,842Value (QAR) 1,036,970,247.56Trades 18,575

EXCHANGE RATE

GOLD QR219.26 per grammeSILVER QR3.00 per gramme

Index Day’s Close Pt Chg % Chg Dow Jones Industrial Average 29,491.01 +70.09 +0.24% S&P 500 3,572.40 +26.87 +0.76% Nasdaq Composite Index 11,739.16 +185.30 +1.60% FTSE 100 Index 6,391.68 +94.83 +1.51% DAX Index 13,235.51 +72.40 +0.55% CAC 40 Index 5,454.78 +35.81 +0.66% Nikkei Stock Average 225 25,349.60 +444.01 +1.78% Hang Seng Index 26,226.98 -74.50 -0.28% Shanghai Composite Index 3,342.20 -17.95 -0.53% ASX All Ordinaries Index 6,651.10 +107.10 +1.64%

Currency Buying (QAR) Selling (QAR) US$ 3.6305 3.6500 Australian Dollar AUD 2.64 2.7 Canadian Dollar CAD 2.78 2.85 Euro EUR 4.31 4.39 Indian Rupee INR 0.05 0.0508 Iraqi Dinar IQD ---- 0.00332 Japanese Yen JPY 0.0347 0.0352 Nepalese Rupee NPR 0.0295 0.0314 Pakistani Rupee PKR 0.02273 0.02326 Philippine Peso PHP 0.0745 0.0765 Pound Sterling GBP 4.8200 4.87 Singapore Dollar SGD 2.64 2.73 South African Rand ZAR 0.229 0.238 Sri Lankan Rupee LKR 0.019 0.0202 Swedish Krona SEK ---- 0.425 Swiss Franc CHF 4.0 4.05 Turkish Lira TRY 0.44 0.455

QNBK - QNB 18.22 18.34 18.12 18.44 129,521 18.44 18.24 5,000 18.44 18.44 +0.22 +1.21 676 2,295,585 42,139,999.48

QIBK - Qatar Islamic Bank 16.60 16.67 16.42 16.68 7,023 16.46 16.44 12,251 16.46 16.46 -0.14 -0.84 480 904,045 14,916,986.00

CBQK - Comm. Bank of Qatar 4.29 4.300 4.231 4.300 74,984 4.289 4.254 5,500 4.289 4.289 -0.001 -0.02 132 797,862 3,420,950.316

DHBK - Doha Bank 2.442 2.430 2.400 2.439 3,852 2.415 2.41 53,000 2.415 2.42 -0.027 -1.11 25 174,220 421,124.760

ABQK - Ahli Bank 3.25 0.00 0.00 0.00 3,250 3.377 3.251 5,000 3.25 0.00 0.00 0.00 0 0 0.00

QIIK - Intl. Islamic Bank 8.68 8.69 8.62 8.72 232,364 8.65 8.62 3,000 8.65 8.650 -0.03 -0.35 317 2,468,826 21,464,096.99

MARK - Rayan 4.315 4.32 4.29 4.32 382,251 4.3 4.297 10,000 4.30 4.300 -0.01 -0.35 481 3,164,659 13,602,062.47

KCBK - Al khalij Commercial Bank 1.732 1.730 1.650 1.730 12,200 1.696 1.672 10,000 1.673 1.673 -0.059 -3.41 214 7,945,907 13,325,363.083

QFBQ - Qatar First Bank (QFC) 1.698 1.697 1.632 1.730 64,912 1.718 1.701 16,223 1.718 1.718 +0.020 +1.18 216 4,534,293 7,650,357.371

QETF - QE Index ETF 9.925 9.916 9.916 9.916 5,500 10.55 9.79 10,214 9.916 9.936 -0.009 -0.09 1 10,000 99,160.000

QATR - Al Rayan Qatar ETF 2.364 2.344 2.314 2.344 39,000 2.364 2.299 43,497 2.317 2.318 -0.047 -1.99 6 23,420 54,270.530

QATI - Qatar Insurance 2.36 2.360 2.312 2.360 28,801 2.354 2.353 7,984 2.353 2.353 -0.007 -0.30 115 2,676,478 6,274,600.030

DOHI - Doha Insurance 1.28 1.300 1.222 1.300 60,000 1.28 1.277 10,000 1.277 1.277 -0.003 -0.23 47 4,610,284 5,853,879.626

QGRI - General Insurance 2.27 0.00 0.00 0.00 2,590 2.261 2.22 1,429 2.27 0.00 0.00 0.00 0 0 0.00

AKHI - Alkhaleej Takaful 2.00 1.931 1.931 2.000 10,000 1.98 1.958 31,000 1.958 1.958 -0.042 -2.10 37 681,885 1,335,109.152

QISI - Islamic Insurance 6.50 6.40 6.40 6.45 2,000 6.492 6.405 6,000 6.45 0.00 -0.05 -0.77 9 170,251 1,097,656.40

QAMC - QAMCO 0.978 0.980 0.945 0.980 4,376 0.965 0.96 40,000 0.965 0.965 -0.013 -1.33 245 5,877,911 5,660,950.216

QIMD - Ind. Manf. Co. 3.05 3.00 2.953 3.000 300 3.05 2.953 479 2.953 0.00 -0.097 -3.18 3 31,561 94,609.633

QNCD - National Cement Co. 3.861 3.855 3.850 3.879 14,239 3.874 3.807 3,000 3.874 0.000 +0.013 +0.34 34 494,676 1,905,184.649

ZHCD - Zad Holding Company 14.80 14.81 14.81 14.81 1,000 14.81 14.8 25,096 14.81 0.00 +0.01 +0.07 18 67,327 997,112.87

IQCD - Industries Qatar 10.29 10.29 9.99 10.29 4,650 10.1 10.0 132,888 10.00 10.00 -0.29 -2.82 271 1,262,483 12,631,009.60

UDCD - United Dev. Company 1.591 1.592 1.542 1.630 183,145 1.565 1.551 100,000 1.565 1.56 -0.026 -1.63 297 4,100,051 6,405,306.756

QGMD - Qatar German Co. Med 1.89 1.89 1.82 1.91 32,389 1.874 1.84 147,979 1.84 1.84 -0.05 -2.65 354 6,441,611 11,987,494.82

QIGD - The Investors 1.801 1.805 1.795 1.820 40,505 1.817 1.784 15,000 1.817 1.817 +0.016 +0.89 49 502,422 907,613.543

ORDS - Ooredoo 6.80 6.810 6.787 6.812 95,838 6.802 6.792 5,697 6.802 6.802 +0.002 +0.03 285 560,355 3,810,347.071

QEWS - Electricity & Water 17.32 17.40 17.16 17.49 654 17.49 17.29 315 17.49 17.49 +0.17 +0.98 189 272,312 4,743,946.93

SIIS - Salam International 0.625 0.632 0.603 0.632 110,558 0.613 0.607 2,948,011 0.607 0.607 -0.018 -2.88 265 17,066,748 10,453,093.595

BLDN - Baladna 1.99 2.000 1.980 2.020 3,603 1.985 1.98 13,065 1.985 1.99 -0.005 -0.25 111 1,453,961 2,900,928.390

NLCS - National Leasing 1.247 1.266 1.220 1.280 20,000 1.229 1.224 1,029,243 1.224 1.22 -0.023 -1.84 273 10,518,523 13,131,721.847

QNNS - Qatar Navigation 6.09 5.960 5.960 6.085 37,684 6.085 6.001 21,700 6.085 6.08 -0.005 -0.08 10 22,472 135,067.506

MCGS - Medicare 8.99 8.659 8.659 8.999 18,066 8.874 8.682 1,500 8.874 8.874 -0.116 -1.29 36 107,844 952,740.392

QCFS - Cinema 4.09 4.00 4.00 4.00 64 4.0 3.802 2,388 4.00 0.00 -0.09 -2.20 2 836 3,344.00

QFLS - Qatar Fuel 18.49 18.58 18.20 18.59 12,371 18.36 18.24 6,267 18.36 18.36 -0.13 -0.70 159 609,819 11,153,214.73

WDAM - Widam 7.05 7.05 6.980 7.100 5,000 7.049 6.985 5,890 6.985 0.00 -0.065 -0.92 15 78,153 552,566.734

GWCS - Gulf warehousing Co 5.027 4.99 4.98 5.02 5,000 5.01 4.99 8,000 4.99 4.99 -0.04 -0.74 57 371,943 1,856,626.53

QGTS - Nakilat 2.72 2.992 2.900 2.992 0 0.0 MP 610,974 2.992 2.992 +0.272 +10.00 2,478 68,612,370 204,446,898.849

DBIS - Dlala 1.79 1.811 1.750 1.930 734,110 1.899 1.891 1,000 1.899 1.90 +0.109 +6.09 283 4,906,432 9,199,869.864

BRES - Barwa 3.445 3.44 3.41 3.44 60,116 3.44 3.41 138,115 3.44 3.440 -0.00 -0.15 164 745,844 2,552,947.03

MCCS - Mannai Corp. 2.86 2.850 2.831 2.880 4,990 2.9 2.878 982 2.878 2.88 +0.018 +0.63 11 38,195 108,731.871

AHCS - Aamal 0.90 0.91 0.84 0.91 144,755 0.87 0.868 11,717 0.87 0.870 -0.03 -3.33 279 10,927,275 9,483,576.83

QOIS - Qatar Oman 0.865 0.851 0.835 0.870 614,595 0.86 0.854 1,023,767 0.854 0.854 -0.011 -1.27 54 1,917,064 1,640,692.694

ERES - Ezdan Holding 1.71 1.690 1.621 1.700 29,425 1.648 1.644 50,000 1.648 1.648 -0.062 -3.63 808 24,108,738 39,879,194.370

IHGS - Inma 3.60 3.60 3.54 3.65 20,888 3.6 3.58 2,810 3.60 3.60 0.00 0.00 56 420,852 1,510,494.35

GISS - Gulf International 1.475 1.500 1.468 1.609 5,000 1.578 1.575 273,694 1.575 1.575 +0.100 +6.78 510 12,572,701 19,420,768.357

MPHC - Mesaieed 2.098 2.090 2.006 2.090 651,137 2.087 2.06 20,000 2.087 2.09 -0.011 -0.52 222 2,038,128 4,208,392.517

IGRD - Investment Holding 0.603 0.600 0.582 0.604 100,000 0.588 0.586 1,346,391 0.586 0.586 -0.017 -2.82 398 26,874,794 15,927,881.142

VFQS - Vodafone Qatar 1.323 1.33 1.32 1.35 222,616 1.33 1.321 75,493 1.33 1.330 +0.01 +0.53 174 4,482,427 5,979,408.85

MERS - Al Meera 20.05 20.04 20.04 20.29 4,902 20.21 20.1 16 20.10 20.10 +0.05 +0.25 27 9,121 183,231.74

MRDS - Mazaya 1.297 1.311 1.231 1.330 54,328 1.259 1.255 12,212 1.255 1.255 -0.042 -3.24 665 40,611,915 52,316,281.372