Iraq, Algeria Announces Oil Output Cuts

Iraq and Algeria announced Sunday a voluntary reduction in oil production, starting from May until the end of 2023.

In a statement, the Iraqi Oil Ministry said it would reduce oil production by 211,000 barrels per day starting in May.

The goal is to take precautionary measures to meet the challenges facing the global oil market and achieve a balance between supply and demand and market stability, the ministry added.

The ministry indicated that the reduction was carried out in coordination with some oil-producing countries and in line with the previous reduction policy.

In Algeria, the Ministry of Energy and Mines announced that Algeria would reduce its production by 48,000 barrels per day, starting from May until the end of 2023, in coordination with some of the countries participating in the OPEC + agreement.

The statement indicated that the voluntary cut is a precautionary measure and beside the production cut agreed upon at the 33rd OPEC+ ministerial meeting on Oct. 5, 2022.

Earlier Sunday, Saudi Arabia and Kuwait announced a voluntary reduction of their oil production starting from May until the end of 2023.

Source: Qatar News Agency

QU’s College of Law Receives Accreditation from HCERES

The French High Council for Evaluation of Research and Higher Education (HCERES) granted Qatar University’s (QU) College of Law a full five-year accreditation from March 28, 2023 to March 28, 2028 for its Masters in Private Law and Masters in Public Law programs, for the first time, and the Bachelor of Law, for the second time.

QU explained in a statement that after an inspection of its academic records, the Accreditation Commission decided on March 20, 2023, that the three programs meet the four accreditation criteria, including the aims of the study program, its position among academic institutions, teaching structure and management.

In a report on the facilities that the college offers its students, HCERES acknowledged that the College of Law provides an ideal environment for learning. The accreditation report also recognizes the high quality of its faculty, diversity and cultural richness, and describes the course offerings as an application of the principle of progressive specialization. Offering courses in the English language was identified by the report as one of the strengths of the bachelors program.

In a statement on this occasion, Dean of the College of Law Dr. Talal Abdullah Al Emadi, expressed his pride in the achievements of the faculty members and staff, saying “in our efforts to meet international standards of higher education including legal education we strive to observe the six core values of the QU strategy: excellence, integrity, diversity, innovation, academic freedom and social responsibility.” “Qatar National Vision 2030 defines for us the ultimate objectives we aim to achieve in education, when the National Vision states, Qatar aims to build a modern world-class educational system that provides students with a highly-competitive level of education comparable to that offered anywhere in the world,” he said.

“The system will provide citizens with excellent training and opportunities to develop to their full potential, preparing them for success in a changing world with increasingly complex technical requirements, and it will also encourage analytical and critical thinking, as well as creativity and respect for Qatari society’s values and heritage, and will advocate for constructive interaction with other nations,” Al Emadi added, stressing “we see the international accreditation process as one of the most important means of achieving this vision.” Associate Dean for Research and Graduate Studies Dr. Faisal Misfer Al Hababi expressed his pleasure that the accreditation report valued the research theses of the masters’ students, pointing out that some of them will be considered for admission to the newly launched doctorate programs in QU.

For his part, Clinical Professor of Law and Head of the Legal Skills Department Dr. Mohamed Mattar valued the recognition saying, “understanding law in practice is the only way we can create a new generation of lawyers who are capable of competing in the labor market and communicating with different individuals and institutions on the international level.”

Source: Qatar News Agency

Meteorology Department Warns of Strong Wind and High Sea

Doha: Weather inshore until 6:00 pm on Sunday will be hot daytime, with some clouds at times, and mild by night, the Department of Meteorology said in its daily weather report.

Offshore, the weather will see some clouds at times, the report added, warning of expected strong wind and high sea at first.

Wind inshore will be northwesterly to northeasterly at a speed of 05 – 15 KT, gusting to 20 KT at places daytime.

Offshore, it will be northwesterly at a speed of 08 – 18 KT, gusting to 22 KT at first.

Sea state inshore will be 1 – 3 feet, rising to 4 feet at first; while offshore will be 3 – 5 feet at first.

Visibility inshore and offshore will be 5 – 10 km.

Area High Tide Low Tide Max Doha 06:44 – 17:16 00:47 – 13:37 37 Mesaieed 08:12 – 18:31 01:15 – 14:33 36 Wakrah 07:49 – 18:19 00:53 – 14:10 36 Al Khor 17:36 – 06:41 13:12 – 00:38 35 Ruwais 06:41 – 18:57 00:38 – 13:14 33 Dukhan 00:00 – 12:07 05:53 – 18:33 33 Abu Samra 11:41 – 05:38 – 17:55 33 Sunrise: 05:28 LT Sunset: 17:14 LT

Source: Qatar News Agenc
y

MoPH Intensifies Measures to Ensure Food Safety in Ramadan

The Ministry of Public Health (MoPH) intensified its control measures on the local market to ensure the highest levels of food safety during the holy month of Ramadan, in this regards, the Ministry implemented an integrated plan that began several months ago to ensure the conformity of local and imported food specially for the holy month.

The plan includes two phases to intensify health control over food safety to achieve the highest levels of safety for food consumed during Ramadan, with the focus on intensifying inspection of hypermarkets and hotels, which are increasingly on demand during this period.

During the first phase of the plan, an inspection campaign was launched, before the month of Ramadan, covering 52 hypermarkets.

The second phase, which is implemented during the month of Ramadan, is to cover major hypermarkets and hotels where Ramadan Tents are held, with the focus on the results of the previous visits. Also, the population density is also taken into account in choosing the locations of hypermarkets.

The inspections conducted by the Food Safety Department are carried out through the Electronic Food Safety System (Watheq), where 100 percent of hotels and 90 percent of major hypermarkets are registered in this system. The inspection activities of the Ministry of Public Health entail all aspects that may directly or indirectly affect the safety and quality of food products.

Inspection includes the whole food chain, starting with the receipt of primary foodstuffs, to the display of ready to eat food. The inspectors are particularly keen to inspect and check critical points, including the initial preparation, cooking-cooling and displaying ready to eat food. Additionally the inspector check the food establishment conformity with the health requirements . As for critical points, measuring devices are used to verify the temperatures of food after cooking and cooling and during their display, and a special device is used to examine frying oils to ensure the safety of the oils used.

In addition, the inspectors assess the awareness of food handlers about food hygiene, hand washing and cleaning and disinfection procedures. Moreover, the inspector takes samples to ensure the extent of food safety and compliance with quality standards. The samples are examined in the central food laboratories of the Ministry of Public Health.

The role of the Food Safety Department is not limited to inspection and monitoring violations, but also following up the implementation of the corrective action plan that aims to achieve the highest levels of compliance.

Regarding the control of imported food, statistics recorded over a total of 408 million and 80 thousand and 939 kilograms of foodstuffs during the period from the beginning of 2023 to March 15, and 404 million,610 thousand and 697 kilograms were released after proving that they met the requirements. While 3 million and 470 thousand and 241 kilograms were rejected after it was proven that they violated the requirements of technical regulations and related standards.

Port health Inspectors at the State’s land, sea and air ports work 24/7 to ensure effective control and the flow of goods in a manner that covers the needs of the market without any technical obstacles.

The Food Safety Department has also prepared an awareness program to enhance the role of consumers in maintaining food safety and protecting their health, raising awareness about food safety and how to avoid foodborne illnesses. Awareness messages are being posted on social media, in addition to the implementation of awareness activities in Ramadan tents in hotels.

Source: Qatar News Agency

Exchange Rates in Qatar


Doha: Exchange rates for foreign currencies as issued on Thursday by Qatar National Bank (QNB) are as following: Currency Buying Selling A.E. Dirham 0.97800 1.00100 Australian Dollar 2.41860 2.53800 Bahraini Dinar 9.45000 9.81100 Canadian Dollar 2.63250 2.75960 Swiss Franc 4.15990 4.35000 Chinese Yuan 0.48780 0.53010 Danish Kroner 0.50120 0.58220 Egyptian Pound 0.06590 0.07990 Euro 3.89690 4.11210 Sterling Pound 4.65100 4.91660 HongKong Dollar 0.44610 0.49830 Indian Rupee 0.04240 0.04500 Jordanian Dinar 5.08700 5.22000 Japanese Yen 0.02380 0.02520 Korean Won N/A 0.00320 Kuwaiti Dinar 11.75100 12.12400

Source: Qatar News Agency

Exchange Rates in Qatar -1-


Moroccan Dirham N/A 0.39840 Malaysian Ringgit 0.80230 0.86660 Norwegian Krona 0.31350 0.36990 New Zealand Dollar 2.17590 2.30490 Omani Riyal 9.39500 9.65300 Philippine Peso 0.05950 0.06590 Pakistani Rupee N/A 0.01360 Saudi Riyal 0.96200 0.98500 Swedish Krona 0.32780 0.38560 Singapore Dollar 2.75170 2.87360 Tunisian Dinar N/A 1.28020 Turkish Lira 0.09740 0.11600 U.S. Dollar 3.63000 3.65000 Silver / USD 30.47000 30.52000 Gold / USD 2612.00000 2612.50000 Platinum / USD 959.35000 961.75000 South African Rand N/A 0.22280

Source: Qatar News Agency

Deposits Rates in Qatar

Deposits Rates at opening as issued on Monday by Qatar National Bank (QNB) are as following: USD JPY CHF GBP 1 Mth 4.85771 -0.10000 1.11000 4.09000 2 Mths 5.02521 -0.25000 1.37000 4.19000 3 Mths 5.19271 -0.20000 1.00000 4.36000 6 Mths 5.31300 -0.10000 1.40000 4.80000 12M 5.30529 -0.05000 1.65000 5.05000 QAR SAR AED BHD 1 Mth 5.48333 5.15000 2.05000 5.50000 2 Mths 5.56667 4.70000 2.15000 5.60000 3 Mths 5.78333 5.40000 2.40000 5.75000 6 Mths 5.86667 5.45000 2.85000 5.75000 12 Mths 5.98333 5.55000 3.15000 5.75000

Source: Qatar News Agency

Spot Value in Qatar


Doha: Rates against US Dollar as issued on Thursday by Qatar National Bank (QNB) are as following: Currency Buying Selling QAR 3.64000 3.64150 SAR 3.75230 3.75680 AED 3.67270 3.67340 BHD 0.37679 0.37724 KWD 0.30655 0.30665 GBP 1.30750 1.30760 EUR 1.09430 1.09440 CHF 0.86010 0.86060 JPY 149.18000 149.23000 GOLD 2612.00000 2612.50000 SILVER 30.47000 30.52000

Source: Qatar News Agency

Qatar Stock Exchange Drops 1.17 Percent

Qatar Stock Exchange (QSE) index dropped 119.97 points, or 1.17 percent to close trading at 10,092.64 points on Sunday.

The volume of shares traded decreased to 131,359,225 from 180,076,244 on Thursday and the value of shares decreased to QR 360,915,858.460 from QR 534,789,221.375 on Thursday.

The indices of two sectors ended in green zone and five sectors ended in red zone today. QSE Total Return Index down 1.17 percent to 21,660.22, QSE Al Rayan Islamic index lost 1.02 percent to 4,507.71 points and QSE All Share Index decreased 1.28 percent to 3,369.33 points.

Source: Qatar News Agency

Muscat Stock Closes Lower

Muscat Stock Exchange (MSX) index 30 closed Sunday at 4,812.01 points, down by 51.1 points, or 1.05 percent, compared to last trading session which stood at 4,863.09 points.

The trading value today stood at Omani Riyal (RO) 2,556,761 million compromising a drop by 19.9 percent compared to the last session, which stood at RO 3,192,227 million.

The market value went down 0.257 percent to reach about RO 23.80 billion, according to a report issued by MSX.

Source: Qatar News Agency