Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Building materials, pricing under watch  Join our daily free Newsletter

MENAFN - The Peninsula - 05/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Qatar plans to set up a committee that will be tasked with monitoring the availability of primary building raw materials and their pricing.

The Cabinet, at its weekly meeting yesterday, approved plans to set up the panel that will have representation from the Ministry of Development Planning and Statistics and the 2022 Supreme Committee.

The panel at the Ministry of Economy and Commerce will monitor supplies, availability and pricing as well as consumption of primary raw materials. If needed, it will have the authority to control pricing.

The idea is to take effective corrective measures if there are shortages or unjustified price increase in respect of any raw material as a slew of mega development projects are being launched ahead of FIFA 2022.

The Cabinet also approved a draft law that seeks to provide state subsidy to the government-run transport company, Mowasalat, to help it meet its costs.

The company runs bus and taxi services and is a large provider of public transport services.


A proposal to provide financial support in the form of subsidy was made to the Cabinet by the Ministry of Finance, Qatar News Agency reported.

The Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani chaired the Cabinet meeting at the Emiri Diwan.

The session reviewed a letter from the Minister of Justice concerning the outcomes of the 25th meeting of the GCC justice ministers in Manama in October and took the appropriate decision.

The Cabinet approved a proposal by the Finance Ministry regarding capital increase for Islamic Development Bank (IDB).

The meeting also approved a draft agreement on air services between Qatar and Costa Rica and a draft memorandum of understanding in the field of education, higher education and scientific research between Qatar and Colombia.

The Cabinet agreed on holding air transport talks with civil aviation authorities of the Republic of Micronesia.

 


The Peninsula




  MENA News Headlines
 Aug 24 2016 - Saudi�s KAEC, ITC join deal to build high voltage cable plantMENAFN
(MENAFN) King Abdullah Economic City signed a contract with the International Trade Gateway Firm to build a high voltage cable factory in the Industrial Valley.On the other hand, the factory will be ...

 Aug 24 2016 - Bahrain-Kuwait Fund sign financing dealMENAFN
(MENAFN) The Kuwait Fund for Arab Economic Development signed USD138mn deals with the Gov"t of the Kingdom of Bahrain.Additionally, the fun will assign a grant in the amount of USD32mn in order to ...

 Aug 24 2016 - Hospitality market in Oman to touch USD1bn by 2020MENAFN
(MENAFN) Oman hospitality market is predicted to increase at an annual growth rate of 6.2 percent from 2015 to USD1bn in 2020.Additionally, the increase is attributed to a 5.3 percent annual increase ...

 Aug 24 2016 - Abu Dhabi passenger traffic grows by 7.9pct in JulyMENAFN
(MENAFN) Abu Dhabi Airports exposed July 2016 passenger numbers, which showed an increase of 7.9 percent at Abu Dhabi Intl" Airport (AUH).Moreover, whole arrivals at the airport were more than 10.4 ...

 Aug 24 2016 - Qatar signs QR7.6bn deal with Turkey for Expressway projectMENAFN
(MENAFN) Qatar signed an agreement with Turkish firm Tekfen in order to construct QR7.6bn highway as part of Al Khor Expressway project.Furthermore, the highway will span 34km, include 12 bridges and ...

 Aug 24 2016 - Egypt approves power grid plan deal with Saudi ArabiaMENAFN
(MENAFN) The Egyptian parliament approved to connect with Saudi Arabia in the power grids plan deal, which are the two biggest systems in the Arab world.Moreover, the grid will help enhance both ...

 Aug 24 2016 - GCC hospitality market to increase by 7.6pctMENAFN
(MENAFN) The GCC hospitality market will increase by 7.6 percent CAGR from USD25.4bn in 2015 to USD36.7bn in 2020, despite slowdown in this year.Accordingly, the key operating metrics of the sector ...

 Aug 24 2016 - UAE- Tefkir stuns Ziyadd in Shaikh Zayed CupKhaleej Times
(MENAFN - Khaleej Times) Tomas Lukasek scored a great victory on Tefkir pushing favourite Ziyadd to second place in the Polish leg of the Shaikh Mansour bin Zayed Al Nahyan Global Arabian Horse Flat ...

 Aug 24 2016 - UAE- Football: Al Ain set for AFC Champions League test todayKhaleej Times
(MENAFN - Khaleej Times) The Garden City is set to witness an explosive match as Al Ain FC will take on Uzbekistan's Lokomotiv in the first leg of the AFC Champions league quarters at the Hazza Bin ...

 Aug 24 2016 - UAE- Yonex, Prime Star set up final dateKhaleej Times
(MENAFN - Khaleej Times) Badminton enthusiasts here have a busy weekend coming up when they will be able to watch the top players battling out for the two titles at stake in the Shuttle Time Dubai ...

more...


 





Google

Easy Forex
 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help