|Peninsula / UK Law Society trade
mission visits Qatar
Source ::: The PENINSULA
DOHA: The UK Law Society is
leading its first trade mission visiting Qatar during this week. The visit comes soon after a visit from Paul
Marsh, Law Society President, to the Qatar Law Forum.
Alison Hook, head of international at
the Law Society said: “There are opportunities for lawyers in energy, construction, maritime law, education,
tourism and telecommunications to name a few, so firms looking to increase international activity in Qatar and
develop Middle Eastern contacts will benefit from this visit.”
The Law Society trade
mission will meet with businessmen and other potential clients, as well as local law firms and resident foreign
Paul Marsh, Law Society President, said: “The Law Society is continuing to
help solicitors thrive and come through this current downturn, and one way of doing that is to help them gain a
presence in expanding economies such as Qatar.
“This trade mission is designed solely with
the legal sector in mind, making the benefits of doing business in the country and region very visible to law
firms joining the trade mission.” The visit will include:a market orientation at the British Embassy, legal
services briefing, briefing with the Qatar Financial Centre, business roundtable in Doha.
Nothing can replace dollar: UAE central bank
ABU DHABI: The central bank chief for
the United Arab Emirates said he saw weakness in the dollar as a “temporary situation” and expressed support
for the greenback, saying nothing could replace it as a reserve currency.
“There is no
other currency to replace the dollar, not the euro,” Central Bank Governor Sultan Nasser Al Suweidi said
yesterday. “It is the currency for investment.”
The comments echo those made several days
earlier when Suweidi said the UAE was not diversifying its reserves away from the dollar after the country’s
decision to drop plans to join a Gulf Arab currency union fanned speculation it could alter its dollar peg.
Suweidi affirmed the UAE’s plans to keep out of the proposed union for the time being after a
media report earlier yesterday said the four remaining participants in the project — Saudi Arabia, Qatar,
Kuwait and Bahrain — would sign an accord on June 7.