(MENAFN - The Peninsula) The Peninsula
The cabinet yesterday approved the draft law regulating non-Qatari investments in the economy and ratified eight agreements and Memorandums of Understanding (MoUs).
The Cabinet regular meeting was chaired by Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani. The meeting was held at its headquarters at the Emiri Diwan.
After the meeting, Minister of Justice and Acting Minister of State for Cabinet Affairs H E Dr. Hassan Lahdan Saqr Al Hassan Al Mohannadi said that the Cabinet discussed a number of subjects placed on its schedule this week. The first was approving a draft law that regulates non-Qatari investments in the economy and agreed to refer it to the Advisory Council. The draft law is set to replace law no. 13 of 2000 on the same issue.
The second subject on the Cabinet's agenda was approving a proposition by the Ministry of Finance on tax avoidance. The proposition was to adopt the international standards agreed by the Organisation for Economic Co-operation and Development (OECD) on preventing the corrosion of taxes and on the transfer of profits.
The goal of those standards was to combat tax avoidance on the part of multinational entities.
The third subject on the agenda involved ratifying eight agreements and Memorandums of Understanding. The first ratified MoU was signed between the State of Qatar and the Republic of Turkey on legal assistance in criminal affairs.
The second was a MoU in the central banking field between Qatar Central Bank (QCB) and Central Bank of the Republic of Turkey.
The third was a MoU on cooperation in the field of tourism between the State of Qatar and the Republic of Turkey. The fourth was a MoU in the field of legal and judicial training signed between the government of the State of Qatar and the government of the Republic of Turkey.
The fifth was a MoU in the field of food products' safety, signed between the government of the State of Qatar and that of the Republic of Turkey.
The sixth was a MoU signed between Qatar Media Corporation and The Turkish Radio and Television Corporation (TRT).
The seventh was a MoU signed between the government of the State of Qatar and the government of the Republic of Turkey in the field of humanitarian aid and assistance.
The eighth was an agreement between the government of the State of Qatar and the government of the Federal Democratic Republic of Ethiopia on the suppression of visas for holders of diplomatic and special passports. The fourth subject on the agenda was reviewing a report by the Qatar Financial Markets Authority's complaints committee for the first half of 2017 and took the appropriate measures based on the report.
The committee is responsible for giving a ruling on complaints made against the authority's decisions. It is chaired by a judge from the court of appeals. Its members are two judges from the court of appeals and two other members who have experience in the field of financial securities.
The report presented today included the number of complaints made to the committee and the reasons for them, as well as the decision taken by the committee regarding those complaints.
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