tuesday 30 june 2020 to advertise contact: tel: 44557 857 or …€¦ · 30-06-2020 · tuesday 30...
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Tuesday 30 June 2020 To advertise contact: Tel: 44557 857 or email: [email protected]
05TUESDAY 30 JUNE 2020 CLASSIFIEDS
CHANGE OF NAME
I, Husne HraimouHolder of Turkey Passport No.
U14998747(Qatar ID No. 27979201294)
hereby change my name to
HUSNE HAMDUNAny objection, please contact the Immigration and Passport Office within 15 days from the publication of this notice.
06 TUESDAY 30 JUNE 2020CLASSIFIEDS
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
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)
SITUATION VACANT
Grade A Engineering Consultancy in Doha urgently requires the following positions:
1- Architecture Landscape 2- Architecture Site Engineer3- Irrigation Engineer 4- Material Engineer5- Sr. Planning Engineer 6- Planning Engineer7- QA/QC Manager 8- Senior Environmental & Sustainability Engineer9- Stakeholder Coordinator 10- HSE Manager11- HSE Engineer 12- Land Surveyor
Interested applicants can send updated CVs [email protected] or contact +974 66434028
Kindly use the job code as subject of the email.
Required
Male Cookto work in a Restaurant
with experience in Qatari Food.
5 years experience and change sponsorship is a must
Salary can reach to QR. 4000
Interview time: 6pm to 8pm
Call: 50708182
Pen.MagEvery Sunday
ToThursday
Despite having removed over $20bn of leverage and financial commitments, we believe this restructuring is necessary for the long-term success and value creation of the business,” said Doug Lawler, CEO of the company, which runs fracking operations in states from Texas to Pennsylvania.
The standing of Qatar’s banks in the international market remains firm, with the sector remaining in a strong position, regardless of potential geopolitical uncertainty.
03TUESDAY 30 JUNE 2020 BUSINESS
Qatar banks remain firm in international market: KPMG
SATISH KANADY THE PENINSULA
Qatar banks were quick to respond to the COVID-19 crisis with the proactive regulatory and state level support. The banks introduced several measures such as cost reduction initiatives, process rationalization, and enablement of digital channels and increased their focus on core banking activities which are proving quite effective when it comes to containing the impact of COVID-19 on their books.
KPMG noted in its second edition of their annual ‘Qatar banking perspectives’ released yesterday that the standing of Qatar’s banks in the market remains firm. Despite the chal-lenges, banks continue to dem-onstrate resilience, as evidenced by the positive first quarter results and encouraging state-ments from rating agencies. However, KPMG added, that there are some headwinds. Those banks that are agile, flexible and willing to transform their business models will be the ones that succeed and secure their financial strength for future growth, while those that rest on their laurels will be left behind.
Omar Mahmood, head of Financial Services for KPMG in the Middle East & South Asia, and partner at KPMG in Qatar, com-mented, “The standing of Qatar’s banks in the international market
remains firm, with the sector remaining in a strong position, regardless of potential geopo-litical uncertainty.” Commenting on the findings in the report, Mahmood added that, “It remains to be seen whether banking will respond in a way that amplifies or dampens the acute economic challenge, however from what we have seen in the past few months, banks have been quick to respond to the crisis with proactive regulatory and state level support.” The global pan-demic situation has signaled banks in Qatar to accelerate their digital transformation agenda and embrace new Fintech strat-egies thus enabling them to develop products and services that meet existing and ever-changing customer and regu-latory requirements, overcome
current market challenges, while building resilient systems and enhancing operational efficiencies.
The COVID-19 pandemic and its subsequent impact on cus-tomer expectations, banking channels and ways of working has accelerated the Digital Trans-formation agenda of banks oper-ating in Qatar. With the creation of the Qatar Fintech Hub and the finalization of the strategy and regulatory framework that will support its deployment, inno-vative initiatives are expected to thrive in the coming years.
With the creation of the Qatar Fintech Hub and the finalization of the strategy and regulatory framework that will support its
deployment, innovative initia-tives will thrive in the coming years. Other developments such as the implementation of a Microsoft cloud hub in Qatar will accelerate such initiatives by pro-viding them with the infra-structure needed to launch their services quickly and in a cost-effective manner.
The banking sector in Qatar needs to ride the technology wave and embrace new Fintech strategies that can help them enhance their overall customer experience, increase process effi-ciencies and comply with the ever-changing regulations.
2019-2020 has been a chal-lenging year for banks operating in Qatar, however, the overall impact is expected to be cush-ioned by the resilience and strength of the banking system. As of 31-Mar-2020, net profit attributable to shareholders reg-istered a nominal decrease of 0.1 percent when compared with previous year’s net profit as a result of increased provisions, while total assets registered a growth of 1.8 percent to QR1,654bn when compared with results as of previous year.
For banks to be able to con-tinue serving customers while complying with lock down and social distancing rules, their business operating model needs to be robust and flexible. Banks with well-defined digital identity and e-channels are finding it
comparatively easier to adapt to the new ways of operating.
On the liquidity management challenge, KPMG experts noted that while some companies might be able to maintain adequate headroom making drawdowns on their revolving credit facilities, others will find that they need to approach banks to arrange cov-enant waivers or limit increases. Companies will need to be proactive and recognize early signals of any commercial and financial distress thereby requiring the need for initiating financial restructuring.
KPMG said that Qatar needs to follow a prudent real estate credit policy by sticking to the fundamentals of credit allocation, especially in light of the softening in the real estate market. Although Qatar’s credit allocation towards real estate seems rea-sonable compared to regional peers, it is still material and demands strict vigilance on an ongoing basis.
The report is based on empirical analyses focusing on the challenges and opportunities within the banking sector. Carried out by KPMG’s diligent financial services function, the second edition covers a broad scope of topics, spanning from culture and governance, cyber-security, and banking regula-tions; to the role of artificial intel-ligence in banking and the current trends in Islamic finance.
Omar Mahmood, head of Financial Services for KPMG in the Middle East & South Asia, and partner at KPMG in Qatar
TBY and QFZA to hold digital roundtableTHE PENINSULA — DOHA
The Business Year (TBY), in cooperation with Qatar Free Zones Authority (QFZA), will launch its first open access digital round-table on Qatar via Zoom on July 1, 2020, from 16:00 to 17:30 AST.
The roundtable will discuss and analyze the role of Special Economic Zones in the balanced and diver-sified growth of modern economies, with a special focus on Qatar and the two free zones that were inau-gurated by QFZA in 2019.
Another focus will be the importance of enhancing and deepening economic international relations to achieve full recovery in the post-pandemic world. Finally, a panel of high-profile speakers will cover the benefits of tapping into new markets through FDI and the hurdles interna-tional corporations face in the process.
The event will be opened by H E Ahmad Al Sayed, Qatar’s Minister of State and Chairman of the QFZA, followed by experts from the United Nations Conference on Trade and Development (UNCTAD) and World Economic Forum. The panel will also feature top representatives from the pharmaceutical, food and beverages, and logistics sectors. Notably, Lim Meng Hui, CEO of QFZA, will take part in the digital roundtable.
Qatar at the Crossroads of the World is part of a series of digital events hosted by TBY, a global media platform that spe-cializes in promoting investment in emerging markets, to keep its C-level audience well informed and up to date during times of change.
BP sells petrochemical arm to Ineos for $5bnAFP — LONDON
British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to privately-owned rival Ineos for $5.0bn. “The agreed sale... will further strengthen BP’s balance sheet and delivers its target for agreed divestments a year earlier than originally scheduled,” a statement said.
BP chief executive Bernard
Looney added: “I recognise this decision will come as a surprise and we will do our best to min-imise uncertainty. I am confident however that the businesses will thrive as part of Ineos, a global leader in petrochemicals.” BP said that 1,700 staff employed by its petrochemical business worldwide were expected to transfer to Ineos on completion of the sale that meets a $15-billion divestment target one year early.
“Today’s agreement is another deliberate step in
building a BP that can compete and succeed through the energy transition,” Looney said. The Irish national, who became CEO of BP in February, is targeting “net zero” carbon emissions for the company by 2050.
In the immediate future, BP must rebuild its finances, having earlier this month said it would take a hit of up to $17.5bn in the second quarter. With the coro-navirus fallout ravaging global oil demand, BP has decided also to axe around 10,000 jobs, or 15
percent of its global workforce.After companies worldwide
closed their doors and airlines grounded planes at the height of the COVID-19 outbreak towards the end of the first quarter, oil prices dropped off a cliff, causing them to briefly turn negative.
Prices have however rebounded sharply in recent weeks as governments ease lockdowns and businesses slowly reopen. “We are delighted to acquire these top-class businesses from BP, extending the Ineos position in
global petrochemicals and pro-viding great scope for expansion and integration with our existing business,” Ineos founder and chairman Jim Ratcliffe said.
BP’s aromatic and acetyls business consists of 15 sites -- five in the Americas, two in Europe and eight across Asia.
“Aromatics provides the building blocks for the global pol-yester industry, key to fibres, films and packaging,” Ineos said in its statement. “Acetyls support a wide range of downstream
industries in food flavouring and preservation, pharmaceuticals, paints, adhesives and packaging,” it added.
Ineos will pay $4.0bn to BP upon completion of the deal -- and the remaining $1.0bn by June 2021. BP’s share price was up 3.2 percent at 314.5 pence in London afternoon deals following news of the sale.
The sale “raises cash for a firm that has been severely hit by the pandemic, while streamlining and potentially reinventing the oil giant (BP) into a different kind of energy company”, said Connor Campbell, analyst at Spreadex trading group.
US fracking pioneer Chesapeake Energy files for bankruptcyAFP — WASHINGTON
US fracking firm Chesapeake Energy has filed for bank-ruptcy, saying it had entered restructuring to erase $7 billion in debt as the fossil-fuel industry reels from the impact of the coronavirus pandemic.
The Oklahoma-based oil and gas producer -- once a leader in the US shale boom that has transformed global energy markets -- said the move was necessary despite efforts to improve per-formance and reduce its dues.
“Our legacy debt and con-tractual obligations have proven too onerous amidst an unprecedented commodity pricing environment,” it said in a statement yestrday.
The firm had “executed a r e s t r u c t u r i n g s u p p o r t agreement with a majority of the company’s creditors which will eliminate approximately $7bn of debt and invest $600m of new equity in the company upon exit”, it added.
Chesapeake said it filed for bankruptcy under Chapter 11 proceedings, which allow a company that is no longer able
to repay its debt to restructure without pressure from creditors.
“Despite having removed over $20bn of leverage and financial commitments, we believe this restructuring is necessary for the long-term success and value creation of
the business,” said Doug Lawler, CEO of the company, which runs fracking opera-tions in states from Texas to Pennsylvania.
The US shale industry was launched by medium-sized and smaller producers using production techniques like fracking as they engineered a drilling boom in several states.
The boom lifted the United States past Saudi Arabia to become the leading oil pro-ducer in the world, a dis-tinction won through billions of dollars in loans eased by low interest rates.
But crashing oil prices have dealt a blow to pro-ducers, and exploration com-panies in the United States and Canada now have an esti-mated $86bn in debt maturing between 2020 and 2024, including 62 percent rated “junk” or speculative.
Shale production is con-troversial, because in order to extract oil and gas, a high-pressure mixture of water, sand and chemicals is blasted deep underground to release hydrocarbons trapped between layers of rock.