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Monday 15 June 2020 To advertise contact: Tel: 44557 857 or email: [email protected]
04 MONDAY 15 JUNE 2020CLASSIFIEDS
05MONDAY 15 JUNE 2020 CLASSIFIEDS
ARTECHSage Accounting, Peachtree, QuickBooks, Dynacom, DacEasy, Tally, POS, Bar Code, Fixed Assets Software’s.Tel: +974 44375654 E-mail: [email protected]
ACCOUNTING SOFTWARES
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
QUEENS LAND SERVICESBusiness Set-up and Sponsorship. Debt Collection. Real Estate Services Mob: 77776917 E-mail: [email protected]
INVEST IN QATAR
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]
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
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]
WOKEER INDUSTRIAL AREAFrom 150 - 200 LaborsMobile: 660 02 704 (Steve)E-mail: [email protected]
LABOUR CAMP FOR RENT
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]
PARTY KINGDOMNear Jaidah Flyover, Nasrallah Centre. Tel: 44353501/ 44366431
E-mail: [email protected]
PARTY ITEMS & BALLOON DECORATION
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)
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)
MEDIA SERVICES
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]
HOME CARE
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
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)
02 MONDAY 15 JUNE 2020BUSINESS
Monthly inflation in May sees marginal decline MOHAMMAD SHOEB THE PENINSULA
The CPI-based monthly inflation in May decreased marginally by 0.58 percent compared to CPI of April 2020. When compared on annual basis with the CPI of corre-sponding month last year ( May 2019), the inflation in May showed a year-on-year decrease of 3.12 percent, official data released yesterday showed.
The y-o-y fall in inflation was attributed to decrease in household consumption and the prices of a basket of goods
and services in several groups such as food and beverages, clothing, hotels and
restaurants, and transport sector due to COVID-19 measures.
According to the Planning and Statistics Authority (PSA), the Consumer Price Index (CPI) for the month of May 2020 reached to 95.66 point. This release of CPI, is the fifth issuance using the new base year prices of 2018, calculated from the results of the household income and Expend-iture survey 2017-2018.
An analysis on m-o-m basis of CPI for May 2020 compared with CPI, April 2020, showed that there were five main groups, where respective
indices in this month had decreased, namely: “Food and Beverages” by 2.37 percent, “Transport” by 1.24 percent, “Clothing and Footwear” by 0.43 percent, “Housing, Water, Electricity and other Fuel” by 0.36 percent, and “Restaurants and Hotels” by 0.34 percent. An increase has been recorded in “Miscellaneous Goods and Services” by 0.75 percent and in “Furniture and Household Equipment” by 0.10 percent. The groups of “Tobacco”, “Health”, “Communication”, “Recreation and Culture” and “Education” had remained flat at the last month’s price level.
When compared on annual basis, the CPI of May 2020 with the CPI of May 2019, a decrease has been recorded in the general index (CPI), by 3.12 percent. This y-o-y price decrease was primary due to the decline prices in six groups namely: “Recreation and Culture” by 10.77 percent, “Transport” by 6.11 percent, “Clothing and Footwear” by 5.58 percent, “Housing, Water, Electricity and other Fuel” by 3.94 percent , “Communication” by 3.26 percent , and “Furniture and Household Equipment” by 0.69 percent . An increase has been shown in price levels also in six
groups namely: “Tobacco” by 4.41 percent, followed by “Mis-cellaneous Goods and Services” by 2.4 percent, “Health” by 1.30 percent , “Education” by 1.18 percent , “Restaurants and Hotels” by 0.45 percent , and “Food and Beverages” by 0.15 percent.
The CPI of May, 2020 excluding “Housing, Water, Electricity and other Fuel” group stands at 96.28 points showing a decrease of 0.64 percent when compared to the index of April 2020, and a decrease of 2.81 percent when compared to the CPI of May 2019.
Some of the groups that witnessed decrease in prices in May include “Food and Beverages” by 2.37 percent, “Transport” by 1.24 percent, “Clothing and Footwear” by 0.43 percent.
GECF and OLADE organise virtual workshop to boost cooperation
THE PENINSULA - DOHA
The Doha-based Gas Exporting Countries Forum (GECF) and Latin American Energy Organi-zation (OLADE) yesterday held a virtual workshop as part of their constant efforts in boosting the mutual cooperation in the filed of energy, which include exchange of information and data related to oil and gas market that are obtained from scientifically grounded patterns.
During the workshop senior experts from both sides discussed the challenges, opportunities, and other issues related to the devel-opment of gas market in a world marred by uncertainties. They also discussed in detail how data is sourced, harmonised, stored and exchanged for the benefit of their member countries and other stakeholders. It is important to
note that an up-to-date database of energy statistics is crucial to the overall functioning and market dynamics of global oil and gas production and consumption. This is why initiatives such as JODI (Joint Organisations Data Initiative) exist; both GECF and OLADE are part of JODI, along with pioneer organisations such as APEC, Eurostat, Opec and the United Nations Statistics Division.
“GECF and OLADE are natural partners as both are com-mitted to engage in promoting cooperation and constructive dialogue on issues related to the development of gas sector and favourable market conditions,” said GECF Secretary-General Dr Yury Sentyurin, in his opening remarks.
OLADE Executive Secretary Alfonso Blanco, said: “As OLADE and GECF, we are doing a lot of activities together. Data and
statistics can help us build various scenarios for short-, medium-, and long-term future and become a useful tool for pro-viding a different perspective. This is an important activity for the strength and growth of our sector.”
GECF and OLADE have five members in common, Algeria, Bolivia, Peru, Trinidad and Tobago, and Venezuela, a fact that was celebrated by the two at the signing of a cooperation MoU on 11 November 2018 on the side-lines of the 20th GECF Ministerial Meeting in Port of Spain, Trinidad and Tobago.
“The workshop is also aligned with the Malabo Declaration that states the ‘willingness to further enhance the effectiveness of the GECF in promoting international cooperation aimed at the devel-opment of the gas industry’,” added Sentyurin.
Dr Yury Sentyurin, GECF Secretary-General, while taking part in the virtual workshop with OLADE.
Green hydrogen export market could reach $300bn yearly by 2050: ReportTHE PENINSULA - DOHA
The green hydrogen export market could be worth $300bn yearly by 2050, creating 400,000 jobs globally in renewable energy and hydrogen production, according to a new report by Strategy& Middle East.
The global demand for “green hydrogen,” produced with minimal carbon dioxide (CO2) emissions, could reach about 530 million tons (Mt) by 2050, dis-placing roughly 10.4 billion barrels of oil equivalent (around 37 percent of pre-pandemic global oil production).
Rapidly declining renewable energy costs and technological advances would enable hydrogen to become the medium of choice for transporting cheap clean energy across the globe. Furthermore, the COVID-19 pan-demic has accelerated the trend toward decarbonization by reducing hydrocarbon demand substantially.
According to the Strategy& report, Gulf Cooperation Council (GCC) countries can ramp up production to boost domestic industries and utilize green hydrogen for export purposes. While other countries are also seeking to invest in green hydrogen, the export prospects of GCC countries are limited by large domestic demand that will probably consume most of their production. However, GCC coun-tries can export much of their green hydrogen and still have adequate, low-cost renewable energy.
Dr Raed Kombargi, Partner with Strategy& and the leader of the firm’s Energy, chemicals, and utilities practice in the Middle East, said: “Given the current sit-uation and the decline in demand for hydrocarbons, GCC countries need to act decisively to capture this market with a three-phase p la n . Th ey shoul d
launch a commercial-scale pilot in partnership with leading elec-trolysis operating companies to build capabilities and start research and development. Second, they need to develop the right policies and regulations that will enable them to boost the domestic market. Finally, they need to build necessary export infrastructure and secure supply agreements with key export markets.”
Strategy& outlines a three-phased approach for GCC coun-tries to capture the potential of green hydrogen: Invest in com-mercial-scale pilots; Set national policies to boost domestic con-sumption; and Transition to exports
After production starts to exceed domestic demand, GCC governments can build the nec-essary infrastructure to export hydrogen as a cheap, clean power source.
With the right markets estab-lished, governments can then build the export terminal and infrastructure for shipping and pipeline channels.
Developing that infra-structure will take time, so initial exports may take the form of energy-intensive intermediate commodities like ammonia and direct reduced iron. Over time, exporting countries can then shift to higher-value-added commodities.
Dr. Shihab Elborai, Partner with Strategy& Middle East
added: “With the challenges posed by the global COVID-19 pandemic and concurrent steep decline in oil prices, GCC coun-tries need to act boldly now to catch up and overtake countries such as China and Australia, who are exerting significant amounts of effort in hydrogen.
For instance, the province of British Columbia in Canada is developing plans to produce approximately 1.5 Mt of Blue and green hydrogen by 2050 and generate export revenues of $15bn. There is clearly an oppor-tunity for GCC countries here.”
With modern technology, the cost of producing green hydrogen will lead to benefits in a range of industries and advance the goal of making countries and com-panies more environmentally sustainable. This will apply to current applications of green hydrogen and new ones. As a result, the demand for green hydrogen is projected to grow significantly by 2050.
Dr Yahya Anouti, Partner with Strategy& Middle East said: “Advances in electrolysis tech-nology and the falling cost of renewable energy are enabling the mass production of green hydrogen, which is more envi-ronmentally sustainable. These developments have altered the calculus for hydrogen and created a significant opportunity for countries to boost economic growth and move away from fossil fuels.”
Dr Yahya Anouti (left) and Dr Raed Kombargi, Partners with Strategy & Middle East.
Fed Chairman Powell to bring sober message to Capitol Hill this weekBLOOMBERG
Federal Reserve Chairman Jerome Powell will deliver a cautionary message about the US economy and Covid-19 when he appears twice this week on Capitol Hill.
His remarks to lawmakers are widely expected to echo the mostly downbeat assessment he gave on June 10 after policy makers held interest rates near zero at a two-day meeting and sig-nalled they’d probably stay there through 2022. His per-formance, which highlighted the hardships faced by mil-lions of Americans who’ve lost work, drew criticism from a White House official for being overly negative.
“I can’t see him straying from that message,” said Jen-nifer Lee, a senior economist at BMO Capital Markets. “If he changes his tune in any way, people are going to be jumping all over it. Democrats will accuse him of bending to the political will of others.”
Powell will testify via video conference at 10am Washington time tomorrow
before the Senate Banking Committee and at noon on Wednesday to the House Financial Services Committee. Lawmakers will pose ques-tions following Powell’s opening remarks. The appearance is connected to the Fed’s semi-annual mon-etary policy report to Con-gress, which the central bank published June 12.
With the US economy beginning to emerge from pandemic-provoked shut-downs and despite recent eco-nomic data offering some sur-prisingly bright points, Powell last week emphasized how many Americans are out of work and how long it may take to heal the labour market, especially for minorities hit hardest by layoffs.
“The May employment report, of course, was a welcome surprise,” he told reporters during a virtual press conference June 10. “We hope we get many more like it, but I think we have to be honest, it’s a long road. Depending on how you count it, well more than 20 million people displaced in the labor
market. It’s going to take some time.”
The Labor Department’s May payrolls report showed unemployment fell to 13.3 percent from 14.7 percent when economists were pre-dicting an increase to 19 percent . The Labor Department added, however, that as many as 5 million people had been miss-clas-sified in their surveys and the actual unemployment level was likely 3 percentage points higher. But that was still much better than expected.
Powell’s take represented a stark contrast to the reaction from President Donald Trump, who characterized the jobs report as the “greatest comeback in American history.” Trump faces a dif-ficult re-election test in November when unem-ployment will almost certainly remain elevated.
Powell’s more cautious assessment, and his overall tone at the press conference brought criticism from White House economic adviser Larry Kudlow, who took a swipe at Powell for being too dour.
“I do think Mr. Powell could lighten up a little when he has these press offerings,” Kudlow told Fox News Thursday. “You know, a smile now and then, a little bit of optimism, OK.”
While Powell is being nudged by the White House to offer a brighter outlook, the Fed chair will likely do his own nudging this week of Congress, carefully encour-aging lawmakers to offer additional fiscal stimulus, a point on which he is much more closely aligned with the president and Treasury Sec-retary Steven Mnuchin.
He’ll have to remain careful to avoid getting tangled in a partisan debate. Democrats are also pushing for more fiscal action, espe-cially aid for states and cities facing massive budget short-falls, but many Republicans have balked at raising addi-tional debt and have pointed to the May jobs report as reason to wait. Powell has repeatedly said Congress may have to do more, but has stopped short of wading into the political fight.
