Daily Archives: January 8, 2017

Qatar Chamber Discuss Investment Opportunities with Djibouti’s Minister of Labor

Doha, Members of Qatar Chamber met today with Djibouti’s Minister of Labor and Administrative Reform Hassan Idriss Samrieh and its Ambassador in Qatar Tayeb Robla.

They discussed ways to improve trade ties, particularly the investment opportunities in ports. The Djiboutian Minister invited Qatari businessmen to explore other investment opportunities available in his country.

He described the opportunities available in his country as promising, particularly in contracting due to the developmental projects the government is embarking on. He added that the government is offering plenty of incentives to investors, in addition to Djibouti’s position which makes it a gateway to the African market.

The minister said that his visit to Qatar Chamber was due to the latter’s distinguished efforts in supporting the private sector. He expressed his hope that the coming period will see both sides sign a Memorandum of Understanding.

For his part, member of Qatar Chamber Abdullatif al Misnad said that the chamber welcomed cooperation with Djiboutian businessmen. He added that there was an inclination to increase investments in Africa. Al Misnad also expressed his appreciation to the Minister’s invitation to visit Djibouti to explore investment opportunities more closely.

Source: Qatar News Agency

Muscat Securities Market Closes at 5,792.54 Points

Muscat, Muscat Securities Market (MSM) general index (30) today lost 0.1 point, comprising a slight decline by 0.002% to close at 5,792.54 points, compared to the last session, which stood at 5,792.66 points.

The trading value today stood at Omani Riyal (RO) 2,990,429, comprising a decline by 52.7% compared to the last session, which stood at RO 6,318,342.

The market value rose by 0.035% to reach about RO 17.51 Billion, according to MSM report.

The report added that the value of shares bought by non-Omani investors reached RO 206,000, comprising 6.90%. The value of shares sold by non-Omani investors reached RO 488,000 comprising 16.32%. The net non-Omani investment declined by 9.42% to RO 282,000.

Source: Qatar News Agency

Bahrain Stock Index Gains 3.35 Points

Manama, Bahrain All Share Index has closed at 1,209.75 points marking an increase of 3.35 points (+0.28%) above the previous closing. This increase was due to the rise in the Commercial Banks Sector, Bahrain News Agency (BNA) reported.

Results indicated that 128 equity transactions took place with a volume of 7,627,786 worth BD 1,008,573.

Results also indicated that 5 equity REIT took place with a volume of 1,220,000 worth BD 122,070. representing 10.80% of the total value of securities traded.

Investors traded mainly in the Commercial Banks Sector representing 53.66% of the total value of shares traded.

Source: Qatar News Agency

S. Korea’s Ex-Vice Minister, Ex-Presidential Aide Questioned over Blacklist

Seoul, South Korea’s special prosecutors on Saturday grilled a former vice culture minister and an ex-presidential secretary as they accelerated their probe into suspicions the presidential office created a blacklist of cultural figures deemed critical of the government.

Former Vice Culture Minister Chung Kwan-joo and ex-presidential aide Shin Dong-churl appeared before the office of the investigation team looking into an influence-peddling scandal surrounding President Park Geun-hye and her friend, state news agency (Yonhap) reported.

There have been allegations that the presidential office Cheong Wa Dae created the list and handed it over to the culture ministry to restrict those on the list from receiving government sponsorship.

The team’s spokesman Lee Kyu-chul on Friday confirmed the existence of the list, adding they are now clarifying how the list was created, managed and if those listed were actually hindered from receiving support.

Chung and Shin were both previously questioned by the investigation team earlier last month, but this time their statuses have changed to suspect from witness.

The team, led by Independent Counsel Park Young-soo, has been intensifying its probe into the alleged blacklist, summoning a number of officials related to the case.

The list is known to have nearly 10,000 people on it, including author Han Kang, winner of the Man Booker International Prize 2016, and director Park Chan-wook, who won the grand prize at the Cannes Film Festival in 2004.

Source: Qatar News Agency

Afghanistan Signs US$205 Million Road Construction Project With a Chinese Firm

Kabul, Afghanistan Minister of Public Works on Sunday signed an agreement with a Chinese company for the construction of the 178km road project.

The project will cost more than US$204 million and will be paid for by the Asian Development Bank (ADB), Khaama press reported.

The project road project, Dara-e-Suf to Yakawlang, was awarded to a Chinese firm after its bid of $204.9 million was approved by the government and was signed by Public Works Minister Mahmood Baligh.

The signing ceremony was also attended by the head of the Asian Development Bank and some other high level government officials.

The Director of the Asian Development Bank in Afghanistan, Thomas Panella, said the contract will play a vital role in developing the economy of the country by helping the internal transport in Afghanistan.

The head of the Chinese construction firm promised continued support to Afghanistan and the award of the contract to their company is the first step to participate in the reconstruction of the country.

Source: Qatar News Agency