BUSINESS Tuesday 4 December 2018

Transcription

1 Tuesday 4 December 2018 PAGE 02 PAGE 05 Commercial Bank scoops two awards Industry experts share best practices at Qatargas 15th Engineering Forum Qatar and Oman strengthen trade, investment ties H E Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry, has said that the deepening relations between Qatar and Oman will help establish more investments and commercial projects in both these brotherly Speaking to the media on the sidelines of the Made in Qatar 2018 in Oman yesterday, the Minister said the relations between Qatar and Oman are very special. He affirmed that both the countries are keen to develop them further, especially in the trade and industry sectors. He noted that Qatar s investment law allows non- Qatari investors to own 100 percent of businesses. The Minister called on Omani companies to take advantage of this law to enter into the Qatari market. Earlier, the Minister and the President of General Authority for Investment Promotion and Export Development in Oman, Yahia bin Saeed Al Jabri inaugurated the Made in Qatar 2018 and the accompanying Qatar- Oman Business Forum at the Oman Conferences & Exhibition Center. The opening ceremony was attended by a galaxy of Qatari and Omani businessmen and media representatives from both sides. Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari and the President of General Authority for Investment Promotion and Export Development in Oman, Yahia bin Saeed Al Jabri, inaugurated the Made in Qatar 2018, in Oman yesterday. Qatar Chamber Vice- Chairman Mohamed bin Towar and Rashid Al Athba attended the ceremony as well as a number of board of directors and Chairman of Oman Chamber of Commerce and Industry. The four-day expo is being held on an area of 10,000sqm at the Oman Conference & Exhibition Center with the participation of 240 manufacturing local companies. The expo will conclude on December 6. The expo features Qatar industry through five sectors including food and beverages (44 companies), furniture (21 companies), petrochemicals (19 companies), SMEs (59 companies) and (71 companies) representing various industries as well as home-made industries. The exhibition aims to promote the industry and Qatari Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari and the President of General Authority for Investment Promotion and Export Development in Oman, Yahia bin Saeed Al Jabri, inaugurating Made in Qatar 2018 in Oman, yesterday. products locally and globally, encourage the use of Qatari products and reduce dependence on imports, encourage investors and entrepreneurs to invest in industrial projects, and support the state s approach to publicprivate partnerships. On his part, Mohamed bin Towar said that the expo offers a good opportunity for both countries businessmen to review the investment opportunities available in both sides, noting that Oman provides many investment incentives and facilities such as those in ports of Sohar, Slala Duqm and industrial zones. P03 Qatar to become one of the world s leading energy producers soon MOHAMMAD SHOEB Minister of State for Energy Affairs and Managing Director and Chief Executive Officer of Qatar Petroleum (QP) H E Saad bin Sherida Al Kaabi stated yesterday that Qatar is soon going to be one of the leading energy producers and exporters in the world. Qatar produces about 600,000 barrels of oil per day, but it is the world s largest exporter of liquefied natural gas (LNG). It produces over 77 million tones of natural gas per annum, which together constitute to be nearly 4.8 million barrels of oil equivalent (BOE). And with the completion of the ongoing LNG expansion project Qatar s combine energy production capacity is estimated to reach over 6.5 million BOE by In addition, QP, the stateowned energy giant, is investing aggressively in overseas oil fields, with special focus in several countries in Latin America, South Africa and North America, which will further strengthen its position as a major energy producer. We will be making big splashes in the oil and gas business very soon. In addition to the gas expansion project in Minister of State for Energy Affairs H E Saad bin Sherida Al Kaabi addressing the media at the Qatar Petroleum headquarters in Doha yesterday. Pic: Salim Matramkot / The Peninsula North Field, we are investing in oil fields in Brazil, Argentina, Mexico, Cyprus, Congo and other countries, Minister Al Kaabi told reporters in a press conference held to announce Qatar s future energy strategy and its decision to withdraw from Opec membership, yesterday at QP headquarters. He added: We are not out of oil business totally. But in Qatar we don t have great potential (to boost oil production) in a big way We don t have huge room to grow. But we are not going stop production of oil. Our potential is gas and we want to focus on that. The Minister also said that QP, as part of its huge development and expansion programme, is working to sustain crude production and recovery sachem in Qatari oil fields. Commenting on the North Field gas expansion project, he said that it is progressing in full steam, and in the process of tendering for 8-10 rigs. With regard to financing of the ambitious expansion projects, the energy minister said that QP has taken a decision for self-financing the entire project, which shows about the financial strength of the energy giant. P02 QNB wins Bank of the Year 2018 award for Qatar and Middle East QNB Group, the largest financial institution in the Middle East and Africa, was recognised as the Bank of the Year 2018 for Qatar and the Middle East by the Banker during the annual awards ceremony held in London recently. The event brought together top banking senior executives from the international banking and financial industry. Regarded as the industry standard for banking excellence, The Banker s Bank of the Year awards salute the top global banks based on their performance and ability to deliver returns, gain strategic advantage and serve their markets. Receiving two of the most prestigious awards in the banking industry is a testament to the Group s commitment to maintain sustained levels of growth and strong financial performance over the past 12 months while expanding its operations and opening new branches. It also confirms the Bank s high credit quality, strong financial position and solid liquidity and solvency levels, reflected in the total asset growth and driven by its US $4.2bn worth brand value as it enjoys the highest credit rating in the region. The officials with the award. This prestigious award is a testament to the Group s success in strengthening its leadership in Qatar and the Middle East, and reflects the high management efficiency and success of the business model and overall strategy of the Group. This year, QNB has enhanced the banking experience of its retail and corporate customers by launching a range of digital products and innovative services and expanding its growing international network by opening two new branches in Oman and Kuwait in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by Owned by The Financial Times, The Banker is the world s premier banking and finance resource, read in over 180 countries and is the key source of data and analysis for the industry. It combines in-depth regional and country coverage with reports on global financial markets, regulation and policy, cash management and securities services, commodities and carbon finance, infrastructure and project finance, trading and technology, clearing and settlement, and management and governance issues.

2 02 MarketWatch QSE FTSE100 DOW BRENT 10, PTS 1.30% 7, PTS 1.18% 25, PTS $ % Dow & Brent before going to press The Commercial Bank team, led by Joseph Abraham, Group Chief Executive Officer, after receiving the award. Commercial Bank scoops two awards Commercial Bank has won two awards at the inaugural Qatar Business Awards, which is organised by the Qatar Financial Centre (QFC) as part of its annual Networking Event. The Qatar Business Awards are designed to recognise and celebrate QFC-licensed firms for their achievements across five distinct categories. Commercial Bank was named the QFC s Best Partner of the Year and won the Al Jazeera signs partnership pact with QIIC Al Jazeera Media Network signed a partnership agreement with Qatar Islamic Insurance Company (QIIC) on Sunday. Under this agreement, QIIC will sponsor Al Jazeera Arabic Channel s program Intelligent Life, and Al Jazeera Mubasher program You & your Finance. As part of the agreement, Al Jazeera Media Network will produce and promote QIIC on the network s channels and websites. The agreement was signed by Al Jazeera s Executive Director for Global Brand & Communications, Abdulla AlNajjar, and QIIC CEO Ali Ibrahim Al Abdul Ghani. Abdulla AlNajjar said: We are pleased to be signing this advertisement with Qatar Islamic Insurance Company, and to provide platform to promote its product and services to the Network s regional and international audience. We hope this agreement is first step to increase and expand our cooperation for mutual benefit. Ali Ibrahim Al Abdul Ghani said the significance of the agreement for QIIC in enabling them to reach Al Jazeera s audience internationally. QIIC aims to be a leading provider of Takaful insurance both in Qatar and in the Mena region. QIIC continues to combine adherence to the principles of Islamic Sharia within insurance sector and innovatory and dynamic management practices to provide Insurance products to its customers, he said. You and Your Finances provides information on finances, money management, and personal economy principles in an innovative style. Intelligent Life is a program in a TV magazine style that covers and discusses new technologies and inventions in various fields such as computers, mobile phones, medical devices, and cars and the extent of their impact on people s lives. Best Customer Relationship Excellence award for Commercial Bank Innovation Service (CBIS). CBIS is a wholly owned subsidiary of Commercial Bank, responsible for introducing new technologies such as robotics and machine learning to the Bank s operations to improve client experience and risk management. Commercial Bank previously outsourced this innovation and information technology function to India, but established CBIS to bring these Nakilat awarded Sword of Honour by British Safety Council Nakilat has been awarded the Sword of Honour by British Safety Council, for organisations that have reached the pinnacle of excellence in managing the company s health, safety and environmental risks. The ceremonial sword was received at a ceremony held recently in London. Nakilat was one of 61 organisations worldwide that achieved a Sword of Honour, awarded to companies which have demonstrated excellence in the management of health and safety risks at work. In order to compete for the Sword of Honour, an organisation first had to achieve the maximum five stars in the British Safety Council s health, safety and environmental management audit scheme in the period August 2017 July Nakilat has also demonstrated to an independent panel of experts that the company is excellent in its health, safety and environmental management throughout the business from the shop floor to the boardroom. Nakilat s Chief Executive Officer important growth drivers back in-house. Joseph Abraham, Group Chief Executive Officer, Commercial Bank said: At Commercial Bank we are proud to have won not one but two Qatar Business Awards. The awards are in recognition of Commercial Bank s QFC entity CB Innovation Services, which is deploying the latest world-class technologies to our banking operations and platforms, and hence developing Qatar s banking industry in line with the economic pillar of the Doha Bank CEO Dr. R. Seetharaman and other officials during the event. Abdullah Al Sulaiti said: This award is a proud moment for everyone at Nakilat. We are very pleased to receive this award, which was achieved on the very first occasion of us participating in the BSC s 5 Star HSSE audit. It bears testimony to our determination to operate at the highest international standards and effectively manage occupational health, safety, environment, and employee wellbeing within the organization, as outlined in our mission statement to safely, reliably and efficiently provide shipping and maritime services. This is a result of the efforts of all our employees for their dedication to support the company s Incident and Injury Free (IIF) program and is a clear indication of what can be achieved when we work together to ensure everyone gets home safe, be it our employees, clients or stakeholders. We appreciate the British Safety Council s work in promoting excellence in workplace health, safety and environmental management. Nakilat strives toward focusing its energy on driving continuous improvement in the workplace, aligned with the values espoused in Qatar National Vision. We are very happy to work with and support QFC in their efforts in providing a platform for companies coming into Qatar, and for recognising QFC companies achievements through these awards. Commercial Bank has won several awards from local and international organizations this year, including Best Bank in Qatar from Global Finance and Best Remittance Bank in the Middle East 2018, and Best Retail Bank in Qatar JP Morgan honours Doha Bank with Quality Recognition Award JP Morgan, New York has chosen Doha Bank for Elite Quality Recognition Award for Outstanding Achievement of Bestin-Class STP Award. Doha Bank CEO Dr. R. Seetharaman received the award. He commented We are proud to receive this prestigious award from J.P. Morgan. This award acknowledges the Bank s outstanding performance in the execution of payments in Dollars seamlessly. The award is conferred annually to the best-inclass banks by their main USD clearer in recognition to their success in correctly formatting foreign currency payments. Straight Through Processing means that the payments sent to the bank for clearing by its correspondents are being processed automatically without human intervention. Doha Bank operations are spread across Qatar. The bank also operates branches in UAE, Kuwait and India, and has representative offices across the globe. Qatar National Vision 2030 as well as our vision to be global leader and provider of choice for energy transportation and maritime services. Lawrence Waterman, Chairman of the British Safety Council, said: On behalf of the board of trustees and staff of the British Safety Council I would like to congratulate Nakilat on achieving the very highest standards of health, safety and environmental management. Excellence at this level is very hard won. We are proud to have supported you in your achievements. Mike Robinson, Chief Executive of the British Safety Council, added: I would like to congratulate Nakilat and its staff for their huge commitment to keeping their workplace safe and healthy and minimizing risks to the environment from their organisations day-to-day activities. All of the Sword and Globe winning organisations share a commitment and resolve to achieve the highest standards of health, safety and environmental management. We are delighted that they are partners in helping achieve our vision that no-one should be injured or made ill at work. QSE benchmark index jumps on historic Opec announcement day Qatar s stock market rose sharply yesterday, the day the country made the surprise announcement to quit from the Organization of the Petroleum Exporting Countries (Opec). The world s largest liquefied natural gas exporter announced that it would be focusing more on gas. The QSE benchmark index rose 1.30 percent or , supported by banks and industrials. Oil prices jumped by more than 5 percent yesterday after the US and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of Opec that is expected to cut supply. The banking sector rose 1.55 percent with Commercial Bank rising the most by 2.20 percent. QNB gained 1.77 percent as QIB and QIIB added 1.80 percent and 1.56 percent, respectively. Bellwether Industries Qatar (IQ) advanced 1.92 percent. Telecom giant Ooredoo gained 1.81 percent. Market experts advised Medium-term and long-term Qatar to become one of world s leading energy producers soon FROM PAGE 1 QP, in early June this year, signed an agreement with ExxonMobil to become a 30 percent equity holder in two Exxon- Mobil affiliates in Argentina that hold different interests in hydrocarbon licenses for seven blocks in the world-class Vaca Muerta play in the onshore Neuquénbasin in Argentina. The agreements will give QP a 30 percent shareholding in two ExxonMobil local affiliates in Argentina, namely, ExxonMobil Exploration Argentina S.R.L. and Mobil Argentina S.A., which hold rights with other partners for seven blocks under unconventional exploration licenses with active drilling investors can stay in the market as long as the index is closing above 9,600 point and 9,300 point, respectively. Global ratings agency S&P Global yesterday said GCC banks financial profiles should remain stable in 2019, absent any unexpected geopolitical shock. The Bank lending growth should stabilise at around 5 percent in 2019, as stronger public investments raise economic growth in the region overall, it said in its Global Banks 2019 Outlook. GCC (Gulf Cooperation Council) countries to remain comfortable from a fiscal point of view with Brent oil prices at USD 60-70/bbl, Retuers quoted Arqaam Capital as saying in a note, adding that it expects a downside risk in GCC equities if prices drop below the range after the Opec meeting. Sending another positive message to the market, Qatar bourse yesterday announced the launch of a unified electronic disclosure system project using XBRL language. The project is aimed at facilitating better disclosure process. plans as well as exploitation licenses with pilot drilling and production. In September-end this year, QP announced that it has won exploration rights for an offshore block in Brazil, in partnership with ExxonMobil. The exploration blocks were offered as part of the Brazil Exploration PSC5 Bid Round, which covered four blocks in the prolific Santos/Campos basins. QP has won the exploration rights for the Tita block as part of a consortium with its long-term partner Exxon- Mobil, who will be the operator with a 64 percent participating interest, while Qatar Petroleum will hold the remaining 36 percent interest. Officials with the Sword of Honour Award.

3 03 Qatar in prestigious position in global competitiveness QNA MUSCAT Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari said that facilities provided for foreign companies by the business environment in Qatar placed it in a prestigious position in the field of global competitiveness. Speaking at the opening session of the Qatari-Omani Business Forum, which was held here yesterday, the Minister said thanks to these policies, Qatar has been ranked as the first in the world in terms of low inflation rates, sixth globally in terms of the effect of taxes on competition, and eighth globally in terms of venture capital. He pointed out that the State of Qatar is going through an important historical stage in the process of achieving sustainable development and drawing up national strategies within the Qatar vision of 2030, which aims to reduce the dependence on energy as a source of income. To achieve this, Qatar has launched several plans that boosted the national economy, as the GDP increased by 1.6% to $222bn in 2017 compared with the previous year, he said. The Qatari economy is expected to grow by 3% in 2019 and 2020 as part of the State s approach to full support for foreign investment, he added. H E Al Kuwari noted that foreign trade grew by 16% while exports increased by 18%, which contributed to increase the trade surplus to about 50% in H E the Minister said Qatar is one of the best countries in the region in the field of stimulating investment thanks to the strategic location and policies attractive to foreign investment, calling on Omani businessmen to benefit from the business environment in Qatar which is based on laws that allow ownership of 100% in all economic sectors. He added that efforts are on to develop systems for the granting and renewal of licenses in the State. He pointed out that the State s tendency in the expansionary spending of projects contributed to the provision of many investment opportunities in several projects related to the World Cup 2022 in addition to other development projects that are established within the framework of the vision H E Al Kuwari pointed out that Qatar provides advanced infrastructure including Hamad port and is currently developing and expanding the industrial and logistic areas of companies operating in Qatar. He added that the organization of the Made Qatar expo for the second time outside Qatar in the Sultanate of Oman is an embodiment of mutual interest in taking cooperation to the highest degree of economic integration and investment between the two H E Al Kuwari stressed that the relations between Qatar and Oman are strong and have been growing under the wise leadership of both countries the Amir H H Sheikh Tamim bin Hamad Al Thani and H M Sultan Qaboos bin Said of the Sultanate of Oman, pointing out that these relations represent a model of partnership in the region because it depends on joint participation. H E Al Kuwari said the Qatari and Omani relations witnessed significant developments in the recent years, especially at the level of trade and economy, where the trade volume saw an unprecedented growth of 101 percent in 2017, to reach nearly QR4.1bn, where Oman is the 18th largest trade partner to the State of Qatar. The Minister said holding the Made in Qatar exhibition and the accompanying forum comes Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari, First Vice-Chairman of Qatar Chamber, Mohamed bin Towar Al Kuwari, and other dignitaries at the Made in Qatar exhibition in Oman yesterday. in light of the geopolitical changes in the region, including the unjust siege on Qatar which did not affect exporting national products. H E Al Kuwari hope the forum and exhibition would be an opportunity to achieve further cooperation between both countries in various economic fields. First Vice-Chairman of Qatar Chamber, Mohamed bin Towar Al Kuwari, said the relations between Qatar and Oman are brotherly and authentic and has grown and developed over the years. He added that its has achieved great prosperity under the wise leadership of the Amir H H Sheikh Tamim bin Hamad Al Thani and H M Sultan Qaboos bin Said of the Sultanate of Oman. He said holding the Made in Qatar exhibition, Qatari-Omani forum and the Qatari-Omani business council meeting comes as part of these special relations and the mutual desire to move them to higher levels of cooperation, which reflects on the economies of both countries and their aspirations and ambitions. He said the forum aims to promote the relations between the business sectors in both countries, increase trade exchange, present available investment opportunities and to work together to establish trade alliances and joint projects in both He added Qatar is observing, with pride, Oman s stance towards the unjust blockade which has been imposed on Qatar for nearly two years. He added that Oman was the first destination Qatari businessmen reached towards to overcome the blockade and its negative repercussions in the local market. He said Qatar Chamber organised a visit to Muscat in June 2017, in cooperation with and Industry (OCCI) and had more than 140 Qatari businessmen. It resulted in signing agreements and Qatari and Omani partnership contracts in various economic and trade fields, which contributed to compensating the Qatari market with many products which have ceased to be supplied from the siege In addition to the agreement signed between Qatar Chamber and its Omani counterpart which paved the way for more joint cooperation between the two sides, he added. The trade and economic cooperation between the business sectors of both countries resulted to nearly 513 Qatari-Omani companies operating in both markets, 361 of which operate in Qatar. He added that Qatar Chamber continues to support all efforts and possibilities to encourage alliances and industrial and commercial partnerships between Qatari and Omani businessmen. Qatar and Oman strengthen trade, investment ties FROM PAGE 1 He said that the theme of the business forum Industry as Strategic Choice encourages businessmen and manufacturers to set up partnerships and sign MOUs, noting that both parties agreed to hold more forums and meeting in the period ahead to deepen relations between business communities. Qatar Chamber supports establishing more partnerships between both sides. It also encourages Omani businessmen to invest in Qatar, he added. Dr. Salem bin Sulayem Al Junaibi, Deputy Chairman of and Industry for Economic Affairs and Branches, commended the expo and the exhibiting companies, noting that they display various industries that cover all economic sectors. Al Junaibi also noted that the business forum saw great attendance from Omani businessmen who are willing to enhance relations with their Qatari counterparts. Qatar Chamber Board Member and President of the Organizing Committee Rashid bin Nasser Al Kaabi praised the keenness of Omani businessmen to attend the opening ceremony of the expo.he also praised the efforts exerted by the Organizing Committee, affirming that the expo is highly commended by Omani businessmen for its variety. Al Kaabi said that the expo aims to strengthen cooperation between Qatar and Oman companies, inform Omani business community on Qatari products as well as open new markets for Qatari companies. QFC holds inaugural Advisory Board meeting The Qatar Financial Centre (QFC) recently held the inaugural meeting of its Advisory Board. The Advisory Board members include Abdulla Al Marri, Chairman, Qatar First Bank; Salah Al Jaidah, Chairman, Deutsche Bank AG MENA, Omar Al Fardan, Managing Director, Alfardan Corporation; Rashid Al Saad, Senior Partner, Sharq Law Firm; and Tamim Al Kawari, Chief Executive Officer, QInvest, and is led by Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority. The Advisory Board will work closely with QFC management to support the QFC in achieving its strategic objectives. The members of the board, who bring a wide range of expertise and knowledge from the private sector and financial services, will also represent the QFC during prestigious financial events throughout the year, both in Qatar and internationally. Yousuf Mohamed Al Jaida, Chief Executive Officer, QFC Authority said: Qatar is in many ways at a transformative point in its history. Numerous interconnected initiatives across varying government sectors are intersecting with everincreasing momentum in the private sector, propelling Qatar s economy to greater heights. This is the complex and promising financial and economic landscape in which we operate, which makes the need for the Advisory Board undeniable. Al Jaida added: I am confident that the future meetings of the Qatar Financial Centre s Advisory Board will provide invaluable insight and strategic thought that will contribute to greater accomplishments for the QFC and Qatar. The QFC is an onshore jurisdiction, allowing companies to operate in and from Qatar within the QFC legal and tax environment. The QFC endeavours to promote Qatar as an attractive business destination. Companies that wish to establish a business in the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar. QFC firms enjoy competitive benefits, such as working within a legal environment based on English common law, the right to trade in any currency, up to 100 percent foreign ownership, 100 percent repatriation of profits, 10 percent corporate tax on locally sourced profits, and an extensive double tax treaty agreement network with 60+ QSE launches electronic disclosure system QSE announced the launch of a unified electronic disclosure system project using XBRL language (Extensible Business Reporting Language) in Qatar Capital Market. The project, which is aimed at facilitating the disclosure process and serving all related parties, will make a paradigm shift in the disclosure of financial and nonfinancial data of the companies and it will develop the process of accessing all disclosures, and thus will improve the disclosure and transparency level in the market and increase the speed of access to the required information by investors and other interested parties locally and internationally. As soon as the listed companies upload the related data on the electronic disclosure platform available on QSE s website, all recipients can obtain the information published at the same time without delay. Format standardization of data dissemination process would make it easier for academics, analysts and the financial community to use such data in an organized and easy manner in the preparation of their reports and analyses in accordance with international accounting standards. The proper rules regulating the disclosure process between the listed companies, the QSE and the regulator will be issued once the project is officially adopted by the regulator,. Qatar s exit puts question mark on Opec s future As Qatar s announcement to quit Opec stirred up a storm in global energy market, Doha-based energy experts and audit firms held urgent internal meetings to take stock of the situation. They debated what does the withdrawal mean to Opec and global energy market and to Qatar, market sources told The Peninsula. Our experts are discussing the deeper implications of Qatar s decision to exit the cartel. But we have decided not to share our thoughts on public domain at this point of time, a top audit firm s communications officer said hours after the international media broke the news. The Peninsula inquiries revealed that energysensitive firms and other audit firms also held similar internal meetings, soon after Qatar announced its decision to end its 57-year long membership with Opec. Twitter handles were abuzz with the news break. It is better if Opec breaks, free market may stablise oil prices, read a tweet. Former Prime Minister of Qatar H E Sheikh Hamad bin Jassim bin Jabor Al Thani Tweeted the withdrawal of the State of Qatar from the Opec is a wise decision, this organization has become useless and adds nothing to us. They are used only for purposes that harm our national interest. Strategically, withdrawing from Opec frees Qatar to pursues its considerable interests and clout in its key industry- natural gas Time for Qatar to be one of the biggest Qatar may be a small producer but the impact of any member leaving Opec at this time reflects growing feeling of discomfort among members in how decisions are being managed, said a market expert. players in a gas cartel, said another tweet by a market expert. Qatar may be a small producer but the impact of any member leaving Opec at this time reflects growing feeling of discomfort among members in how decisions are being managed, said another expert. There is a growing sense among some Opec members of being marginalized, she said Qatar is Opec s 11th biggest oil producer, accounting for less than 2 percent of oil output. QNB s monthly monitor report for November noted the country s oil production fell to /d in September from b/d in August. It could signal a historic turning point of the organisation towards Russia, Saudi Arabia and the United States, Reuters quoted Algeria s former energy minister and Opec chairman, Chakib Khelil, while commenting on Qatar s move. He said Doha s exit would have a psychological impact because of the row with Riyadh and could prove an example to be followed by other members in the wake of unilateral decisions of Saudi Arabia in the recent past. The future of Opec is on shaky ground, an analyst told CNBC. Qatar s decision to quit Opec shows the frustration of small producers at the dominant role of a Saudi and Russialed panel, he said. There are many other Opec members frustrated that the Joint Ministerial Monitoring Committee (JMMC) J is deciding on production unilaterally and without the required prior consensus of Opec. This is big, Andy Critchlow, head of EMEA energy content at S&P Global Platts, told CNBC s Squawk Box Europe. Qatar is not a major oil producer when compared to other Opec members. But, Critchlow said, when looking at the small Gulf country s total energy output, it is on course to produce more than 6 million barrels of oil equivalent per day by This is a major supplier of energy to the world, Critchlow said, highlighting Qatar s status as one of the world s largest producers of liquified natural gas (LNG). In a comment sent to The Peninsula Alexander Perjessy, Vice-President- Senior Analyst at Moody s said: We do not expect Qatar s decision to leave Opec to have any credit implications for the sovereign. Qatar s reliance on LNG means that Opec s decisions on oil supply and their implications for oil prices will continue to have an indirect impact on Qatar s government and export revenue. For Qatar to no longer be part of these decisions will not change the sensitivity of its credit metrics to oil price fluctuations.

4 03 Qatar in prestigious position in global competitiveness QNA MUSCAT Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari said that facilities provided for foreign companies by the business environment in Qatar placed it in a prestigious position in the field of global competitiveness. Speaking at the opening session of the Qatari-Omani Business Forum, which was held here yesterday, the Minister said thanks to these policies, Qatar has been ranked as the first in the world in terms of low inflation rates, sixth globally in terms of the effect of taxes on competition, and eighth globally in terms of venture capital. He pointed out that the State of Qatar is going through an important historical stage in the process of achieving sustainable development and drawing up national strategies within the Qatar vision of 2030, which aims to reduce the dependence on energy as a source of income. To achieve this, Qatar has launched several plans that boosted the national economy, as the GDP increased by 1.6% to $222bn in 2017 compared with the previous year, he said. The Qatari economy is expected to grow by 3% in 2019 and 2020 as part of the State s approach to full support for foreign investment, he added. H E Al Kuwari noted that foreign trade grew by 16% while exports increased by 18%, which contributed to increase the trade surplus to about 50% in H E the Minister said Qatar is one of the best countries in the region in the field of stimulating investment thanks to the strategic location and policies attractive to foreign investment, calling on Omani businessmen to benefit from the business environment in Qatar which is based on laws that allow ownership of 100% in all economic sectors. He added that efforts are on to develop systems for the granting and renewal of licenses in the State. He pointed out that the State s tendency in the expansionary spending of projects contributed to the provision of many investment opportunities in several projects related to the World Cup 2022 in addition to other development projects that are established within the framework of the vision H E Al Kuwari pointed out that Qatar provides advanced infrastructure including Hamad port and is currently developing and expanding the industrial and logistic areas of companies operating in Qatar. He added that the organization of the Made Qatar expo for the second time outside Qatar in the Sultanate of Oman is an embodiment of mutual interest in taking cooperation to the highest degree of economic integration and investment between the two H E Al Kuwari stressed that the relations between Qatar and Oman are strong and have been growing under the wise leadership of both countries the Amir H H Sheikh Tamim bin Hamad Al Thani and H M Sultan Qaboos bin Said of the Sultanate of Oman, pointing out that these relations represent a model of partnership in the region because it depends on joint participation. H E Al Kuwari said the Qatari and Omani relations witnessed significant developments in the recent years, especially at the level of trade and economy, where the trade volume saw an unprecedented growth of 101 percent in 2017, to reach nearly QR4.1bn, where Oman is the 18th largest trade partner to the State of Qatar. The Minister said holding the Made in Qatar exhibition and the accompanying forum comes Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari, First Vice-Chairman of Qatar Chamber, Mohamed bin Towar Al Kuwari, and other dignitaries at the Made in Qatar exhibition in Oman yesterday. in light of the geopolitical changes in the region, including the unjust siege on Qatar which did not affect exporting national products. H E Al Kuwari hope the forum and exhibition would be an opportunity to achieve further cooperation between both countries in various economic fields. First Vice-Chairman of Qatar Chamber, Mohamed bin Towar Al Kuwari, said the relations between Qatar and Oman are brotherly and authentic and has grown and developed over the years. He added that its has achieved great prosperity under the wise leadership of the Amir H H Sheikh Tamim bin Hamad Al Thani and H M Sultan Qaboos bin Said of the Sultanate of Oman. He said holding the Made in Qatar exhibition, Qatari-Omani forum and the Qatari-Omani business council meeting comes as part of these special relations and the mutual desire to move them to higher levels of cooperation, which reflects on the economies of both countries and their aspirations and ambitions. He said the forum aims to promote the relations between the business sectors in both countries, increase trade exchange, present available investment opportunities and to work together to establish trade alliances and joint projects in both He added Qatar is observing, with pride, Oman s stance towards the unjust blockade which has been imposed on Qatar for nearly two years. He added that Oman was the first destination Qatari businessmen reached towards to overcome the blockade and its negative repercussions in the local market. He said Qatar Chamber organised a visit to Muscat in June 2017, in cooperation with and Industry (OCCI) and had more than 140 Qatari businessmen. It resulted in signing agreements and Qatari and Omani partnership contracts in various economic and trade fields, which contributed to compensating the Qatari market with many products which have ceased to be supplied from the siege In addition to the agreement signed between Qatar Chamber and its Omani counterpart which paved the way for more joint cooperation between the two sides, he added. The trade and economic cooperation between the business sectors of both countries resulted to nearly 513 Qatari-Omani companies operating in both markets, 361 of which operate in Qatar. He added that Qatar Chamber continues to support all efforts and possibilities to encourage alliances and industrial and commercial partnerships between Qatari and Omani businessmen. Qatar and Oman strengthen trade, investment ties FROM PAGE 1 He said that the theme of the business forum Industry as Strategic Choice encourages businessmen and manufacturers to set up partnerships and sign MOUs, noting that both parties agreed to hold more forums and meeting in the period ahead to deepen relations between business communities. Qatar Chamber supports establishing more partnerships between both sides. It also encourages Omani businessmen to invest in Qatar, he added. Dr. Salem bin Sulayem Al Junaibi, Deputy Chairman of and Industry for Economic Affairs and Branches, commended the expo and the exhibiting companies, noting that they display various industries that cover all economic sectors. Al Junaibi also noted that the business forum saw great attendance from Omani businessmen who are willing to enhance relations with their Qatari counterparts. Qatar Chamber Board Member and President of the Organizing Committee Rashid bin Nasser Al Kaabi praised the keenness of Omani businessmen to attend the opening ceremony of the expo.he also praised the efforts exerted by the Organizing Committee, affirming that the expo is highly commended by Omani businessmen for its variety. Al Kaabi said that the expo aims to strengthen cooperation between Qatar and Oman companies, inform Omani business community on Qatari products as well as open new markets for Qatari companies. QFC holds inaugural Advisory Board meeting The Qatar Financial Centre (QFC) recently held the inaugural meeting of its Advisory Board. The Advisory Board members include Abdulla Al Marri, Chairman, Qatar First Bank; Salah Al Jaidah, Chairman, Deutsche Bank AG MENA, Omar Al Fardan, Managing Director, Alfardan Corporation; Rashid Al Saad, Senior Partner, Sharq Law Firm; and Tamim Al Kawari, Chief Executive Officer, QInvest, and is led by Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority. The Advisory Board will work closely with QFC management to support the QFC in achieving its strategic objectives. The members of the board, who bring a wide range of expertise and knowledge from the private sector and financial services, will also represent the QFC during prestigious financial events throughout the year, both in Qatar and internationally. Yousuf Mohamed Al Jaida, Chief Executive Officer, QFC Authority said: Qatar is in many ways at a transformative point in its history. Numerous interconnected initiatives across varying government sectors are intersecting with everincreasing momentum in the private sector, propelling Qatar s economy to greater heights. This is the complex and promising financial and economic landscape in which we operate, which makes the need for the Advisory Board undeniable. Al Jaida added: I am confident that the future meetings of the Qatar Financial Centre s Advisory Board will provide invaluable insight and strategic thought that will contribute to greater accomplishments for the QFC and Qatar. The QFC is an onshore jurisdiction, allowing companies to operate in and from Qatar within the QFC legal and tax environment. The QFC endeavours to promote Qatar as an attractive business destination. Companies that wish to establish a business in the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar. QFC firms enjoy competitive benefits, such as working within a legal environment based on English common law, the right to trade in any currency, up to 100 percent foreign ownership, 100 percent repatriation of profits, 10 percent corporate tax on locally sourced profits, and an extensive double tax treaty agreement network with 60+ QSE launches electronic disclosure system QSE announced the launch of a unified electronic disclosure system project using XBRL language (Extensible Business Reporting Language) in Qatar Capital Market. The project, which is aimed at facilitating the disclosure process and serving all related parties, will make a paradigm shift in the disclosure of financial and nonfinancial data of the companies and it will develop the process of accessing all disclosures, and thus will improve the disclosure and transparency level in the market and increase the speed of access to the required information by investors and other interested parties locally and internationally. As soon as the listed companies upload the related data on the electronic disclosure platform available on QSE s website, all recipients can obtain the information published at the same time without delay. Format standardization of data dissemination process would make it easier for academics, analysts and the financial community to use such data in an organized and easy manner in the preparation of their reports and analyses in accordance with international accounting standards. The proper rules regulating the disclosure process between the listed companies, the QSE and the regulator will be issued once the project is officially adopted by the regulator,. Qatar s exit puts question mark on Opec s future As Qatar s announcement to quit Opec stirred up a storm in global energy market, Doha-based energy experts and audit firms held urgent internal meetings to take stock of the situation. They debated what does the withdrawal mean to Opec and global energy market and to Qatar, market sources told The Peninsula. Our experts are discussing the deeper implications of Qatar s decision to exit the cartel. But we have decided not to share our thoughts on public domain at this point of time, a top audit firm s communications officer said hours after the international media broke the news. The Peninsula inquiries revealed that energysensitive firms and other audit firms also held similar internal meetings, soon after Qatar announced its decision to end its 57-year long membership with Opec. Twitter handles were abuzz with the news break. It is better if Opec breaks, free market may stablise oil prices, read a tweet. Former Prime Minister of Qatar H E Sheikh Hamad bin Jassim bin Jabor Al Thani Tweeted the withdrawal of the State of Qatar from the Opec is a wise decision, this organization has become useless and adds nothing to us. They are used only for purposes that harm our national interest. Strategically, withdrawing from Opec frees Qatar to pursues its considerable interests and clout in its key industry- natural gas Time for Qatar to be one of the biggest Qatar may be a small producer but the impact of any member leaving Opec at this time reflects growing feeling of discomfort among members in how decisions are being managed, said a market expert. players in a gas cartel, said another tweet by a market expert. Qatar may be a small producer but the impact of any member leaving Opec at this time reflects growing feeling of discomfort among members in how decisions are being managed, said another expert. There is a growing sense among some Opec members of being marginalized, she said Qatar is Opec s 11th biggest oil producer, accounting for less than 2 percent of oil output. QNB s monthly monitor report for November noted the country s oil production fell to /d in September from b/d in August. It could signal a historic turning point of the organisation towards Russia, Saudi Arabia and the United States, Reuters quoted Algeria s former energy minister and Opec chairman, Chakib Khelil, while commenting on Qatar s move. He said Doha s exit would have a psychological impact because of the row with Riyadh and could prove an example to be followed by other members in the wake of unilateral decisions of Saudi Arabia in the recent past. The future of Opec is on shaky ground, an analyst told CNBC. Qatar s decision to quit Opec shows the frustration of small producers at the dominant role of a Saudi and Russialed panel, he said. There are many other Opec members frustrated that the Joint Ministerial Monitoring Committee (JMMC) J is deciding on production unilaterally and without the required prior consensus of Opec. This is big, Andy Critchlow, head of EMEA energy content at S&P Global Platts, told CNBC s Squawk Box Europe. Qatar is not a major oil producer when compared to other Opec members. But, Critchlow said, when looking at the small Gulf country s total energy output, it is on course to produce more than 6 million barrels of oil equivalent per day by This is a major supplier of energy to the world, Critchlow said, highlighting Qatar s status as one of the world s largest producers of liquified natural gas (LNG). In a comment sent to The Peninsula Alexander Perjessy, Vice-President- Senior Analyst at Moody s said: We do not expect Qatar s decision to leave Opec to have any credit implications for the sovereign. Qatar s reliance on LNG means that Opec s decisions on oil supply and their implications for oil prices will continue to have an indirect impact on Qatar s government and export revenue. For Qatar to no longer be part of these decisions will not change the sensitivity of its credit metrics to oil price fluctuations.

5 04 Banks financial profiles should stay stable in 2019: S&P Global GCC (Gulf Cooperation Council) banks financial profiles should remain stable in 2019, absent any unexpected geopolitical shock. However, the recent drop in oil prices does not bode well for these banking sectors, S&P Global said in its Global Banks 2019 Outlook, yesterday. The Bank lending growth should stabilise at around 5 percent in 2019, as stronger public investments raise economic growth in the region overall. We expect profitability to stabilise--with a return on assets at about 1.6 percent and a net interest margin at 3 percent in benefitting from the higher interest rates and significant non-interestbearing deposits, the global ratings agency said. International operations could create risks for some GCC banks. A few banks with exposure to Turkey will see some impact on their asset quality. Three-quarters of the 24 GCC rated banks carry a stable outlook. Negative outlooks are concentrated on a few banks in other GCC countries due to higher risk in their international operations. The average GCC bank rating is BBB+. The global ratings agency which noted that global banks are bracing for volatility, said it expects banks to face more market volatility in 2019 from policy uncertainty and the rollback of monetary easing. The credit cycle will turn sooner or later, putting the spotlight on the imbalances that have built up in some developed and emerging markets, even if improved balance sheet soundness in many banking systems should moderate the impact. The monetary policy shift could lead to an abrupt repricing of risks in financial markets and a correction in some housing markets. Credit conditions remain broadly supportive for banks, but the threats posed by monetary policy normalization, trade tensions, and ongoing political risk are dragging down investor confidence and weakening economic momentum. Our assessment of recession risk in 2019 for the US stands at 15 percent to 20 percent. While credit conditions are generally satisfactory, we are watchful for any sign of rising problems in some segments like auto, credit card, commercial real estate, and leveraged loans, the ratings agency analysts said. Global markets surge on China-US trade truce REUTERS NEW YORK A temporary ceasefire in the US- China trade war boosted global stocks to their highest in about three weeks yesterday, while sending the dollar lower and the Chinese yuan and several tradedependent currencies higher. The rally in equities follows an agreement reached between Washington and Beijing at the G20 summit in Argentina on Saturday that calls for a 90-day trade tariff truce. Most of us were hoping that we would come out of these discussions with no new tariffs and a pause, which is ultimately what we got, said Randy Frederick (pictured), vice-president of trading and derivatives for Charles Schwab in Austin, Texas. The Dow Jones Industrial Average rose points, or 0.88 percent, to 25,763.97, the S&P 500 gained points, or 0.71 percent, to 2,779.9 and the Nasdaq Composite added points, or 1.19 percent, to 7, The pan-european STOXX 600 index rose 0.98 percent. US President Donald Trump said China has agreed to reduce and remove tariffs below the 40 percent level that is currently being charged on US-made vehicles. That helped boost shares of European automakers more than 3 percent. MSCI s all-country world index climbed 0.25 percent, marking its sixth consecutive day of gains. In currency markets, the US dollar fell broadly as currencies battered by trade tensions staged a comeback. China s yuan and several trade-dependent currencies made strong advances against the greenback as investors sold the safe-haven US currency and bought up riskier assets. It s pretty much a sigh of relief across the board, said Brad Bechtel, global head of FX at Jefferies in New York. The offshore yuan gained about 1 percent, while the Aussie was 0.7 percent higher against the greenback. The New Zealand dollar gained 0.8 percent, while the US dollar lost 0.8 percent against the Canadian dollar. In oil, prices jumped by more than 5 percent after 90-day trade dispute truce, Canada s Alberta province ordered a production cut, and as exporter group Opec looked set to reduce supply. Sterling dives to five-week low on Brexit nerves REUTERS LONDON Sterling gave up all its early gains and dived to its lowest level since the end of October as growing concerns about British parliamentary approval for a proposed Brexit deal prompted investors to sell the currency. Until the British parliament votes on the deal next week, we are going to see a steady drumbeat of Brexit headlines, which is going to keep the pound weak, said Danske Bank currency strategist Morten Helt. Against the dollar, the pound fell to its lowest since October at $1.2708, down nearly 0.7 percent from the day s highs. Against the euro, the pound weakened by 0.3 percent to pence. British Prime Minister Theresa May said she would still be in her job in two weeks time, downplaying speculation that she might resign if she loses the Brexit deal is not approved by parliament in a vote scheduled for December. 11. The pound s 14-day implied volatility has climbed as investors have started betting on a more volatile pound. QATAR STOCK EXCHANGE QE INDICES SUMMARY QE MARKET SUMMARY COMPARISON WORLD STOCK INDICES EXCHANGE RATE QE Index 10, % QE Total Return Index 18, % QE Al Rayan Islamic Index - Price 2, % QE Al Rayan Islamic Index 3, % QE All Share Index 3, % QE All Share Banks & Financial Services 3, % QE All Share Industrials 3, % QE All Share Transportation 2, % QE All Share Real Estate 2, % QE All Share Insurance 3, % QE All Share Telecoms 1, % QE All Share Consumer Goods & Services 6, % Index 10, Change % 1.30 YTD% Volume 7,750,164 Value (QAR) 301,269, Trades 5,109 Up 30 Down 12 Unchanged Index 10, Change % 0.46 YTD% Volume 3,343,165 Value (QAR) 72,232, Trades 2,245 Index Day s Close Pt Chg % Chg Year High Year Low All Ordinaries Cac 40 Index/D Dj Indu Average Hang Seng Inde/D Iseq Overall/D Kse 100 Inx/D S&P 500 Index/D GOLD AND SILVER GOLD QR gramme SILVER QR per gramme Currency Buying Selling US$ QR QR UK QR QR Euro QR QR CA$ QR QR Swiss Fr QR QR Yen QR QR Aus$ QR QR Ind Re QR QR Pak Re QR QR Peso QR QR SL Re QR QR Taka QR QR Nep Re QR QR SA Rand QR QR

6 05 Industry experts share best practices at Qatargas 15th Engineering Forum Twenty-one industry experts presented case studies ranging from projects and innovation, integrity and reliability, to operations excellence at the 15th Engineering Forum, hosted by Qatargas. The annual event saw engineers from Qatar Petroleum, Shell, ExxonMobil, Dolphin Energy, Qatar University and Qatargas, sharing expertise and best practices. Held at the Qatar National Convention Center on December 3, 2018, the Forum had more than 400 engineering experts from oil and gas companies and academia attending. In his opening remarks, Khalid bin Khalifa Al Thani, Chief Executive Officer of Qatargas, said, We are pleased to see that the annual Engineering Forum provides our young engineers an opportunity to engage with experienced Energy industry experts and the participants of 15th Engineering Forum on the sidelines of the event. mentors and counterparts, thus assuring continuance of the Qatari LNG industry s legacy - a rich legacy of innovation, reliability, sustainability and safety. A total of 52 abstracts were submitted, 21 of which were selected to be presented at the forum, including Best Practices of Water Injection Systems, New Earth fault Protection philosophy for 33 kv GIS and Performance Based Cost Effective Chemical Selection for Fresh Cooling Water (FCW) Systems Participants shared technical expertise, discussed latest developments, and highlighted best practices in the oil and gas industry in Qatar. The event also provided networking opportunities among peers and showcased case studies on a wide range of engineering subjects. EU in charge of trade policy, Merkel to car bosses AFP FRANKFURT Chancellor Angela Merkel (pictured) yesterday reminded German carmakers that Brussels is in charge of negotiating the bloc s trade policy, a day before auto bosses are to hold talks at the White House as punishing US tariffs loom. Top executives of Daimler, Volkswagen and BMW are expected to meet with US Secretary of Commerce Wilbur Ross and US Trade Representative Robert Lighthizer today. Top executives of Daimler, Volkswagen and BMW are to meet with US Secretary of Commerce Wilbur Ross and US Trade Representative Robert Lighthizer today. Merkel said the talks would focus on the companies future plans as major employers in the US. Trade issues are unanimously decided by the European Commission for all member states, Merkel stressed at a press conference. But at the same time, German car manufacturers are large employers in the US and so there is reason for them to talk with the American administration about issues like which investments, which future they see, she added. Pressed by reporters on whether German firms were bypassing Brussels, Merkel s spokesman Steffen Seibert was more outspoken, underscoring that there was a clear line to be drawn. The responsibility for trade policy lies with the European Commission, not national governments and certainly not car companies, Seibert said. Volkswagen CEO Herbert Diess and Daimler boss Dieter Zetsche will take part in the Washington talks, according to DPA news agency, while BMW told AFP it was sending finance chief Nicolas Peter. President Donald Trump has threatened to slap tariffs of up to 25 percent on cars imported into the US, a move that would badly hurt German automakers at a time when the Chinese market is already cooling because of a US- China trade row. Trump and European Commission President Jean-Claude Juncker agreed in July to hold off from imposing new levies while negotiations were ongoing. But as recently as last week the US leader indicated he was still in favour of using tariffs to protect the American auto industry. EU Trade Commissioner Cecilia Malmstrom has warned that any US car duties would meet with immediate retaliation. Trump has in the past repeatedly singled out German car brands in his criticism of the country s very unfair trade imbalance with the United States. After he once complained that there were too many Mercedes in New York City, Germany s then economy minister retorted that Americans should build better cars. CROSSWORD MALL BREAK TIME 2.0 (2D/Hindi) 11:15pm; 2.0 (2D/Tamil) 5:30 & 8:30pm; 2.0 (2D/Telugu) 2:15pm; Thugs Of Hindostan (2D/Hindi) 2:30pm 3:00 & 5:00pm; Guardians (2D/Action) 4:00pm Creed II (2D/Drama) 5:00 & 11:30pm The Girl In The Spider s Web (2D/Crime) 7:30pm Instant Family (2D/Comedy) 10:30pm; Tourab El Mass (2D/ Arabic) 7:30pm; Robin Hood: Origins (2D/Action) 9:30pm LANDMARK ROYAL PLAZA Creed II (2D/Drama) 6:45 & 11:30pm 2.0 (2D/Tamil) 3:00 & 8:30pm; 2.0 (2D/Hindi) 5:45 & 11:15pm Instant Family (2D/Comedy) 9:15pm 2:30 & 4:30pm ASIAN TOWN 2.0 (2D/Hindi) 4:45 & 11;30pm; 2.0 (2D/Tamil) 11:15pm 2:00pm 4:45pm 7:30pm 10:30pm 1:30am 12:30pm 3:15pm 6:00pm 8:45pm 2:15am 12:30pm 3:15pm 6:00pm 8:45pm 11:30pm 2:15am 1:00pm 3:45pm 6:30pm 9:15pm 12:00am 2:45am VILLAGGIO & CITY CENTER 2.0 (2D/Telugu) 2:30pm 2.0 (2D/Hindi) 5:15 & 10:15pm 2.0 (2D/Tamil) 7:45 & 10:30pm Creed II (2D/Drama) 5:15 & 7:45pm 3:30 & 5:30pm Detective Conan: Zero The Enforcer (2D/Action) 3:00pm Instant Family (2D/Comedy) 8:15pm Tourab El Mass (2D/Arabic) 10:30pm Ghostland (2D/Horror) 11:30pm FLIK Mirqab Mall 2.0 (2D) 3:15, 4:00, 5:00, 6:20, 7:10, 8:10, 9:25, 10:20 11:20pm & 0:30am Creed II (2D/Drama) 11:30am, 12:35, 1:40, 4:10, 4:20, 5:30, 7:00, 9;40, 8;10 & 10:50, 14:15, 11:35 & 0:20am Detective Conan: Zero The Enforcer (2D/Action) 2:00, 4:20pm Instant Family (2D/Comedy) 1:20, 3:45, 8:50 & 11:15pm The Girl In The Spider s Web (2D/Crime) 3:00, 6:40, 9:05pm & 0:20am 1:35, 3:10, 5:20pm Robin Hood: Origins (2D/Action) 5:20, 7:40 & 10:00pm AL KHOR Fantastic Beasts: The Crimes Of Grindelwald (2D/ Fantasy) 12:00, 5:45 & 11:30pm Robin Hood: Origins (2D/Action) 2:15, 7:00 & 11:45pm Taxiwala (2D/Telugu) 3:15 & 9:00pm Sarkar (2D/Tamil) 2:45 & 8:30pm 12:00, 4:45 & 9:30pm ROXY Creed II (2D/Drama) 1:10, 4:00, 5:00, 6:50, 9:30, 10;30, & 11:00pm 10:30am, 12:50, 3:20 & 5:40pm 2.0 (2D/Hindi) 1:30, 2:00, 7:30 7:50, & 10:30pm 2.0 (2D/Tamil) 10:30am, 11:00am, 1:30, 4:30, 7:30, 10:30, 8:00 & 11:00pm & 0:15am 2.0 (2D/Telugu) 10:30am, 4:30pm Note: Programme is subject to change without prior notice is a 2018 Tamil-language science fiction action film written and directed by S. Shankar. Produced by Subaskaran under the banner of Lyca Productions.