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JustHere | December 6, 2016

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Today’s Buzz

Traffic diversion on Industrial Area Street
The Public Works Authority (Ashghal) announced a traffic diversion on the West Industrial Area Street in the direction from Roundabout 23 to Roundabout 15. The other half of the street in the opposite direction was widened to allow traffic to flow in both directions without any interruption due to the ongoing works, and will become a two-way street as per the attached map.
The closure will take place starting tomorrow and will last for 8 months. This closure is part of phase one of a project to develop the Doha Industrial Area undertaken by Ashghal to increase the capacity of roads and support the traffic flow in the area, in addition to infrastructure work.

9pc rise in tourist arrivals
The number of tourist arrivals in Qatar for the first quarter totalled 387,022, representing a strong nine percent year-on-year increase, says Qatar Tourism Authority’s (QTA) first quarter report released yesterday. According to the report, all key indicators of the tourism sector demonstrated improvement and growth from the previous year comparable period.
Visitors increased from most corners of the globe, with particularly good performance coming from within the GCC countries. Overall, GCC tourists were up by 5 percent, with Saudi Arabia the largest single source of visitors with 188,621 travelers and Kuwait the fastest growing with 42 percent. Overall visitors from other parts of the world rose by about 26 percent.

Foreign ownership limit in companies raised
Just days ahead of being conferred the coveted MSCI Emerging Market status on June 2, Qatar has decided to raise the limit of foreign ownership in listed companies.
Foreigners (excluding nationals of other GCC states who are to be treated on a par with Qatari nationals) can now own up to 49 percent of the entire capital of a company listed on Qatar Exchange. The move is aimed at attracting more foreign capital into the Qatari equity market.
Rules until now permit foreign ownership of only up to 49 percent of free float shares (listed shares) of a listed entity.

Shortage of schools hits recruitment
The severe shortage of seats in some private schools, especially Indian schools, seems to be reflecting negatively on recruitments, say industry sources.
Many professionals who have been offered lucrative jobs in Qatar are said to be turning them down because they cannot find a seat for their children in a suitable private school.

Cameras installed at Jaidah Bridge R/A
Two thin posts each topped by a tiny camera have been installed at the roundabout under the Jaidah Bridge to check traffic violations at the busy roundabout.
The flow of traffic in this area is terribly slow, especially during peak hours.
The two-metre high posts stand opposite to each other and have an unconventional design and shape. The two posts each have a locked, small box at its bottom.
Another similar post has been installed on a nearby street near Jaidah Furniture.

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