Illegal Investment Companies could Face Penal Action in Qatar
Unlicensed investment companies in Qatar could face penal action at the end of their grace period by the end of April, said central bank's governor, Abdullah bin Khalid al-Attiyah.
Addressing a press conference on the occasion of the opening of Q-Money exhibition in Doha, al-Attiyah said the penal action might be in the form of imprisonment for six months of people thought to be responsible, and a fine of QR5000 ($1,470).
Meanwhile, the governor said that Qatar's gross national product (GNP) is expected to be to the tune of QR53b ($14.6b) - a 19 percent increase over the previous year.
Prices of commodities have remained stable and the price index is expected to register a fall by 1 percent after it had increased by 2.2 percent in 1999, he said – Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)
- Copyright action targets companies using illegal software in Oman
- Kuwaiti authorities raid four companies dealing in pirated software
- A clash of civilizations: are foreigners newly entering the Saudi stock market about to face a culture shock?
- Why BDS is no BS: could the global boycott campaign mean for Israel what it meant for South Africa?