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Monday, November 25, 2024 | Daily Newspaper published by GPPC Doha, Qatar.
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Gulf Times
Qatar

Qatar Chamber signs cooperation agreement with Kosovan Counterpart

Qatar Chamber recently signed a Memorandum of Understanding (MoU) with the Kosovo Chamber of Commerce to promote and develop economic cooperation and trade exchanges.The MoU was signed by QC Second Vice-Chairman Rashid bin Hamad Al Athba, and President of the Kosovo Chamber of Commerce Lulzim Rafuna, which was held at the Chamber's headquarters.The agreement also aims to exchange economic information, cooperate in the field of exhibitions, facilitate exchange visits and organize joint meetings for businessmen to promote cooperation in trade.During the meeting, both sides discussed ways to enhance cooperation between them to reflect on the trade and economic relations between the two friendly countries, and the role that the private sector can perform to enhance these relations.Speaking at the meeting, Al Athba praised the relations between Qatar and Kosovo, especially in the commercial and economic fields, pointing out that the agreement aims to enhance trade cooperation relations between the two parties, facilitate cooperation among businessmen from both countries.For his part, Rafuna said that the MoU will play a key role in strengthening relations between businessmen and investors from both countries. He emphasized that his country is open to foreign investment in various economic sectors and seeks to attract Qatari investments.

The sponsorship emphasises QNB’s commitment to aligning its strategic objectives with Qatar’s efforts to enhance economic development in Africa through growing partnerships in line with the African Union's Agenda 2063 and the Sustainable Development Goals 2030, leveraging the continent's abundant talent
Qatar

QNB expects more capital flows to head to emerging markets

Qatar National Bank (QNB) said that more optimistic expectations regarding global macroeconomic performance could support increasing capital flows to emerging markets, provided that the Federal Reserve and the European Central Bank continue their monetary easing policies, growth rates in China rise, and local conditions improve in most major emerging markets.In its weekly report, QNB described the current year as positive for capital flows to emerging markets despite ongoing volatility, citing the global easing cycle led by the Federal Reserve and the European Central Bank, along with Chinas massive economic stimulus measures announced in September. These favorable conditions emerged after several challenging quarters following significant monetary tightening in major advanced economies in 2022.The report emphasized that a more positive global macroeconomic environment is driving capital toward emerging markets. According to the Institute of International Finance, non-resident portfolio flows to emerging markets, representing foreign investor allocations in local public assets, saw a significant shift from negative to positive territory in late 2023. These inflows resulted in strong returns across various emerging market asset classes after reaching their lowest levels in October 2023, including a 20.2% increase in equities (MSCI Emerging Markets Index) and a 19.6% rise in bonds (JP Morgan Global Emerging Market Bond Index).QNB attributed its expectations for increased capital flows to emerging markets to three key factors. The first is the continued monetary easing by major central banks. The report noted that changes in interest rates in advanced economies are likely to favor investments in emerging markets as central banks increase their easing cycles in the coming quarters, despite concerns about the global spread of fiscal populism. The Federal Reserve is expected to cut interest rates by 75 basis points next year, while the European Central Bank is projected to reduce rates by 100 basis points in the same period. Lower nominal yields in the U.S. and Europe traditionally drive investors toward higher-risk, higher-return assets, such as those in emerging markets.The second factor is Chinas economic policies, which include more comprehensive measures to support growth and local asset markets. These actions are expected to provide a consistent tailwind for capital flows into emerging markets over the coming quarters, given that China is the largest component in key emerging market indices such as the MSCI Emerging Markets Index. Following significant fiscal, monetary, and regulatory stimulus, the Chinese government has signaled its willingness to take further action if needed to ensure growth and financial stability. This is anticipated to rejuvenate local Chinese investor activity and attract foreign investors who have under allocated to Chinese equities and fixed-income markets.The third and final factor is stronger macroeconomic fundamentals in most emerging markets. Many advanced economies have accumulated significant imbalances due to excessive stimulus policies following the pandemic and the Russia-Ukraine conflict, leading to challenges such as rising public debt and inflation instability. In contrast, most emerging markets have implemented conservative fiscal policies, avoiding excessive debt accumulation and external vulnerabilities. This has bolstered their political credibility and increased the attractiveness of their markets. QNB concluded that these factors collectively position emerging markets as increasingly appealing destinations for capital flows, particularly as global monetary policies shift toward easing.

Gulf Times
Qatar

Oxford Business Group, Qatar Chamber cooperate on issuing "The Report: Qatar 2025"

Oxford Business Group (OBG) and Qatar Chamber have formalized their ongoing collaboration through a new Memorandum of Understanding (MoU), signed at Qatar Chambers headquarters, marking a key step in the production of The Report: Qatar 2025, an in-depth publication on Qatars economic landscape.Under the terms of the MoU, the two entities will jointly support research and analysis across critical areas of the Qatari economy, including economic diversification, the expansion of gas production, improvements in the business environment, and advancements in technology and infrastructure. The partnership will also enable Qatar Chambers members to access OBGs online resources, covering economic insights from over 35 countries.Acting General Manager of Qatar Chamber Ali Busharbak Al Mansouri highlighted the Chambers support for the collaboration with OBG, underscoring the importance of sharing insights that can contribute to the national economic agenda."The Report: Qatar 2025 will serve as a resource for the private sector, examining key areas such as public-private partnerships, sustainable economic diversification, and the application of technology to advance Qatars economic goals," he said.Fernanda Braz, OBGs Country Director for Qatar, noted the strategic value of working with Qatar Chamber to deliver a comprehensive analysis of Qatars evolving economic landscape."Our collaboration with Qatar Chamber enables us to provide focused insights into sectors integral to Qatars long-term economic vision, with an emphasis on areas such as infrastructure development, foreign investment, and digital transformation," she commented.Set to cover both established and emerging sectors, The Report: Qatar 2025 will offer an analysis of the current economic landscape and the opportunities it presents. The publication will draw on extensive research conducted by OBGs team, including interviews with key stakeholders from Qatars public and private sectors.

Activists hold a silent protest against the draft agreement, during the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan on Friday. REUTERS
International

COP29 in extra time as poor nations reject $250bn offer

Heated negotiations on a global climate deal were set to spill into today after developing nations rejected an initial $250bn offer from rich countries to help them tackle global warming.The two-week conference in the Caspian Sea city had been due to end last evening.COP29 hosts Azerbaijan said negotiations would drag “over the course of the night” in the Caspian Sea city Baku to produce a final text.This will be put before nearly 200 nations for consensus approval today, not expected earlier than 10am (0600 GMT).The rejected proposal raised an existing commitment of $100bn a year from rich nations but fell well short of what experts say developing nations need.“It is shameful to put forward texts like these,” said Tina Stege, climate envoy for the Marshall Islands, an atoll nation threatened by rising seas.“I’m so mad. It’s ridiculous. Just ridiculous,” said Juan Carlos Monterrey Gomez, the Special Representative for Climate Change for Panama, who called the proposed amount too low. “It feels that the developed world wants the planet to burn.”COP29 hosts Azerbaijan urged nations to keep striving but admitted the $250bn figure, to be reached by 2035, was not “fair or ambitious” enough.The Alliance of Small Island States, for which climate change is an existential threat, said the offer showed “contempt for our vulnerable people”.Ali Mohamed, chair of the African Group of Negotiators, another influential bloc imperilled by climate disaster, called the proposal “totally unacceptable and inadequate”.“$250bn will lead to unacceptable loss of life in Africa and around the world, and imperils the future of our world,” he said.A group of 134 developing states including China had demanded at least $500bn towards the cost of building resilience against climate change and reducing planet-warming emissions.However, the United States signalled that it was not looking to negotiate a higher figure.President-elect Donald Trump takes office in two months and is expected to pull the world’s largest economy again out of climate diplomacy.“$250bn will require even more ambition and extraordinary reach,” said a senior US official, whose team in Baku comes from outgoing President Joe Biden’s administration.Germany, a longtime leader on climate where elections are due next year, said that governments could not meet these costs alone, and debt restructuring and other financial tools would need to play a part.Europe wants to “live up to its responsibilities, but also in a way that it doesn’t make promises it can’t live up to”, German Foreign Minister Annalena Baerbock told reporters.The draft text also sets an ambitious overall target to raise at least $1.3tn per year by 2035 from not only developed countries but the private sector.Developing nations excluding China need $1tn a year in outside help by 2030, according to economists commissioned by the United Nations to assess needs.These same economists said yesterday that $250bn was “too low and inconsistent” with globally agreed goals to keep climate change in check.Obed Koringo, a Kenyan activist from CARE, said $250bn was “a joke”.“From Africa, where I come from, what we are saying is...no deal is better than a bad deal,” he said.However, Avinash Persaud, special adviser on climate change to the president of the Inter-American Development Bank, said that the offer showed the talks were “within sight of a landing zone” for the first time.“There is no deal to come out of Baku that will not leave a bad taste in everyone’s mouth,” said the former adviser to Barbados Prime Minister Mia Mottley.The United States and European Union have wanted newly wealthy emerging economies like China – the world’s largest emitter – to chip into the pot.China, which remains classified as a developing nation under the UN framework, provides climate assistance but wants to keep doing so on its own voluntary terms.The annual UN-led climate talks come on what is already poised to be the hottest year in history and as disasters rise around the world.Just since the start of COP29 on November 11, deadly storms have battered the Philippines and Honduras, while Ecuador has declared a national emergency due to drought and forest fires and Spain has been reeling after historic floods.

Gulf Times
Community

Mesis participates in MUN

A team of 16 students from MES Indian School, Abu Hamour branch (Mesis) participated in the three-day Fall Model UN (MUN) Conference hosted by Georgetown University in Qatar. Jeshurun Anil, representing Germany in the UNHCR committee, and Savitr Sudheer, representing the UK in the SPECPOL committee, earned honourable mentions for their debates on ‘Improving International Support for Evacuees from Nagorno-Karabakh’ and ‘Strengthening Civil Society in Post-Conflict Reconstruction in Africa,’ respectively.The other members of the team were Ravi Aryan, Naseel Nias, Ayesha Shaikh, Iman Mustafa, Hridul Srinivasan, Michelle, Sharika, Deepika, Armaan Ali, Heiza Nousher, Geetthika Matta, Vedika Naveen, Pragadesh Gowtham, and Sarav Dhanyaa. The delegation was groomed by external activities chief co-ordinator Manmadan Mambally, and accompanied by teachers Vishnu Jayaprakash and Prabhathan. Gunjan Chawla co-ordinated. Principal Pramila Kannan congratulated the team.

Gulf Times
Community

MES tops in ‘Sahityotsav’ again

MES Indian School bagged the overall championship for the second consecutive year in ‘Sahityotsav’, an inter-school arts and literary competitions organised by Risala Study Circle (RSC) at Podar Pearl School. The 14th edition of the event saw 36 students of MES garnering 126 points.

Gulf Times
Community

‘DPS Hackathon’ challenges young tech enthusiasts

The Computer Science Department of DPS-Modern Indian School (DPS-MIS) hosted the first edition of ‘DPS Hackathon’ that brought together 15 teams from various schools with 75 tech enthusiasts, promoting development and strategic problem-solving, over two days.The theme ‘Education and EdTech – Building a Platform to Enhance Learning Experiences and Make Technology More Accessible’ challenged participants to create meaningful solutions to address the evolving demands of modern education systems and to improve accessibility. The hosts’ Team 1 consisting of Aditya Menon, Aayush Rajagopalan, Achyut Paliwal, Adilakshmi Prasannakumar and Aishwarya Singaravelu won the first place followed by Pakistan International School Qatar with Aayan Zeb, Muhammad Abdullah, Mohammad Abdur Rehman, Mohid and Abdul Hadi for the first runner-up position. The second runner-up position was earned by the hosts’ Team 2 comprising Elston Rodrigues, Aayush Nath Panday, Senthuran Srimurugan, Mohammed Akil Bharmal and Md. Abrar Labib Pahlowan.The judges were veteran Cisco-certified professional Mustafa Badawi and platform engineer, Web and IoT expert Sushant Pupneja. The closing ceremony was graced by DPS-MIS director Gopi Vardhan who announced the upcoming Space Lab to promote scientific exploration. Principal Asna Nafees, highlighted the Hackathon’s role in shaping future innovators, and senior secondary school vice principal Soma Bhattacharjee encouraged students to dream big.

Gulf Times
Community

Corniche Blues triumphs in Qget bowling contest

Government Engineering College, Thrissur Alumni chapter, Qatar (Qget) concluded its bowling competition, ‘Roll n Bowl’, which featured 125 participants, including members and families.Corniche Blues emerged as the overall winners, with Qatar Redstorm and Sunrays Doha taking second and third places, respectively. Individual champions: Men’s - Gopu Rajasekhar claimed the top spot, followed by Rajeesh Vayalapra and Abhilash V in second place. Fahim, Narayan, and Sabari Prasad shared third place. Ladies - Elizabeth Leo won the champion title, with Linu Pradeep as the runner-up. Shamli Shahil and Shahna Basim shared third place. In the Kids’ category, Rachel Pradeep emerged as the champion, followed by Inaya Shabeeb in second place and Faizan Shamsudeen in third place.The captains were Priya Johnson and Fasin Abubacker (Qatar Redstorm), Shabeeb Hassan and Jazira Najeeb (Sunrays Doha), Thanuja Haseeb and Nishab K A (Corniche Blues), and Abhilash and Smrithi (Lusail Legends).The event was organised by Qget sports secretaries Nandan Nambalatt and Ilyas Najmusalah, with support from Fahim, Jijin, and immediate past president Anvar Sadath. Qget president Tomy Varkey announced the winners, while vice president Dr Gopal and joint treasurer Amjad thanked the participants.

Gulf Times
Community

Medical camp organised for MES support staff

As part of the school’s golden jubilee activities, MES, in collaboration with the Indian Doctors Club (IDC) and the Federation of Indian Nurses (Finq), organised a medical camp for the transport, housekeeping, maintenance, and security staff, ensuring healthcare access and awareness for a vital section of the workforce.Over 300 members of the staff benefitted from face-to-face consultations. They were educated on lifestyle modifications and chronic diseases. A special session for women was conducted by Finq, focusing on breast cancer awareness, and emphasising early detection and prevention. School’s officiating president Dr Najeeb K P felicitated the representatives from the IDC and Finq. Principal Dr Hameeda Kadar thanked the doctors and nurses for their voluntary service. General secretary Hazmal Ismal visited the camp and conveyed his appreciation on behalf of the institution.IDC’s president Dr Saibu George was present during the event, ensuring its smooth execution. Dr Sunil Koya (IDC) and Bijoy (Finq) co-ordinated the programme, with the support of the school’s administration and facilities head Mohammed Rashid.

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Community

MES students attend GU-Q Model UN conference

A group of 20 students from MES Indian School attended a three-day Fall Model UN Conference at Georgetown University in Qatar. Ayaan Valentine in the UNHCR committee representing Sweden was awarded with honourable mention for his debate on the topic ‘Improving International Support for Evacuees from Nagorno-Karabakh’. The other participants were Mohammed Abdul Muqeet, Muhamad Qasim Nassir, Mahroos Ahamed, Mohammad Zidan Shuhaib, Sahana Hari, Dana Bi Nt Yasir, Ayeshathul Afna, Mohammed Raihan, Mohammed Abrar Ladji, Abdul Hadi Hidayathulla, Johan Juttas, Samreen Saleem, Subah Rahman, Zara Zain, Abdurrahman Muhammad Haroon, Mohamed Kamal, Rayan Majeed, Hadiya Hashim, and Huda Fathima Salim. Principal Dr Hameeda Kader felicitated the students. They were groomed by Manmmadhan Mambally, chief co-ordinator for external activities and accompanied by Rayees N K.

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Community

MES students shine in inter-school spelling bee

MES Indian School participated in four categories in Spell Casters 2024, an inter-school spelling bee competition at Birla Public School. MES students Shazil Mohiyudheen Chathanadath (7G) and AaeshaFathima Basheer (8N) in category 3 bagged the first position while in category 2, Irene Elsa Paul (6Q) won the second position.

Gulf Times
Community

MES wins Global Synergy Education Award

MES Indian School, which celebrates its 50th year, has been honoured with the Global Synergy Education Award. The honour is in recognition of schools that foster the next generation of leaders by creating educational environments where synergy drives powerful, positive outcomes, a statement said. The award was presented by Global Synergy Education, Japan. Principal Dr Hameeda Kadar received the award and certificate.