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Saturday, November 23, 2024 | Daily Newspaper published by GPPC Doha, Qatar.
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Business


The Organisation of Petroleum Exporting Countries offices in Vienna. Opec+ delegates said they assume next month’s 
meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as originally planned.

Opec+ appears set to hold its next key meeting on output online

Opec+ delegates said they assume next month’s meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as originally planned.Several members said they haven’t yet received invitations for an in-person gathering of the alliance, which hasn’t begun the typical logistical preparations to convene at its secretariat on December 1. The delegates asked not to be identified as the talks are private.The gathering will be closely monitored as market-watchers including Citigroup Inc and JPMorgan Chase & Co doubt that Opec+ will go ahead with output increases next year. An impending surplus is already set to send crude toward $60 a barrel, and prices could sink further if the group opens the taps, they warn.If the switch online is confirmed, it will be the third time in a row that the group led by Saudi Arabia and Russia has turned a gathering initially scheduled for Vienna into a virtual session.Still, at the coalition’s previous conference in June, Saudi Arabia issued a last-minute invitation to the other seven members currently involved in supply cutbacks to assemble at the Ritz hotel in Riyadh. There’s still a chance it could spring a similar surprise this time.Opec+ has already delayed the start of its plan to gradually bring back curtailed production twice. Member countries are supposed to revive 2.2mn barrels a day in monthly instalments from January, a sequence postponed from October as oil prices struggle.

The initiative is specifically targeted at private sector institutions and small and medium-sized enterprises in Qatar, aiming at empowering them with comprehensive knowledge of the Madrid Protocol’s benefits and practical application.

MoCI organises training on Madrid System for international registration of trademarks

The Ministry of Commerce and Industry (MoCI), in partnership with the World Intellectual Property Organisation (WIPO), has conducted a high-impact training programme on the Madrid System for the International Registration of Trademarks.This initiative is specifically targeted at private sector institutions and small and medium-sized enterprises (SMEs) in Qatar, aiming at empowering them with comprehensive knowledge of the Madrid Protocol’s benefits and practical application.Reaffirming the ministry’s dedication to fostering robust intellectual property (IP) rights protection, the programme sought to equip both current and prospective users with the tools needed to navigate international trademark registration seamlessly.It also underscored the extensive legal protections afforded by the Madrid Protocol, reinforcing its significance for businesses seeking global competitiveness. The Madrid system, which is administered by the WIPO, one can register and manage protection of the trade mark in multiple countries at the same time in one application.The exchange of knowledge and expertise underscored Qatar’s commitment to empowering its businesses to thrive in an increasingly interconnected and competitive global marketplace.The training delved into critical areas, including an overview of IP principles, the strategic importance of trademarks, and the step-by-step process of international trademark registration — from application submission and examination by the office of origin to the rigorous review by WIPO.Participants gained insights into common pitfalls in the international applications and learned effective methods to address correction notifications from both the office of origin and WIPO via the e-filing system.Further, the programme shed light on the legal safeguards available to rights holders, detailing the implications of international registration, the refusal period, and correspondence related to protection status, as well as the processes for substitution and transformation.The event also featured international speakers who shared firsthand experiences with the Madrid Protocol, offering practical, actionable guidance for trademark owners eager to harness the system’s full potential.

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