QFC Authority fines company over QR 1 million for compliance failure

QNA Doha: Qatar Financial Centre Authority (QFCA) announced today that it fined Horizon Crescent Wealth LLC (HCW) over QAR 1 million for contraventions of provisions of the QFCA Rules. QFCA had recently imposed financial penalties on Horizon Crescent Wealth LLC (HCW) for failings regarding Anti-Money Laundering and Combating Terrorist Financing Rules 2010 (AML/CFTR). HCW is […]

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Global coronavirus cases cross 2 million mark

Medical workers in protective suits are pictured at University Clinical Center of Kosovo in Pristina, Kosovo, April 15, 2020. REUTERS/Laura Hasani By Jeyhun Aliyev | Anadolu ANKARA: The number of global coronavirus cases surpassed 2 million on Wednesday, according to a running tally by U.S.-based Johns Hopkins University. The data showed the number of deaths […]

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Traffic Dept distributes masks and gloves, raises public awareness

Traffic Department officials and volunteers distributing masks and gloves to motorists. Sidi Mohamed | The Peninsula To limit the spread of coronavirus, the General Directorate of Traffic yesterday distributed masks and gloves to motorists and made them aware of the recommendations of the Supreme Committee for Crisis Management. The initiative was launched from the Corniche in […]

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Moody’s assigns Aa3 rating to Qatar; outlook stable

FILE PHOTO: Reuters By Satish Kanady/The Peninsula Moody’s Investors Service has rated Qatar Aa3 with a Stable Outlook, reaffirming the resilience of Qatari economy in the face of crisis.​ Qatar’s credit profile reflects the government’s strong balance sheet, vast hydrocarbon reserves and exceptionally high per capita income. These factors provide significant shock-absorption capacity and mitigate […]

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India extends ban on domestic and international flights

British nationals queue up outside a departures terminal before boarding a special British Airways flight during Indian government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, at the Sardar Vallabhbhai Patel International (SVPI) airport in Ahmedabad on April 13, 2020. / AFP / SAM PANTHAKY IANS New Delhi – Indian Prime Minister Narendra Modi […]

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Action taken against contracting company for violating labour work place rules

FILE PHOTO for representation only. Abdul Basit © The Peninsula The Peninsula Online Doha: Following an inspection by the Ministry of Administrative Development, Labour and Social Affairs, a contracting company in Al Waab area behind Qatar Decoration has been found to have violated with its decision to reduce the number of workers transported by bus […]

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