QatarLegislations
Decree-Law No. 18 of 1998 Authorising the Conclusion of a Loan Agreement between the Government of the State of Qatar, Gulf International Bank and Gulf Investment Corporation 18 / 1998
Number of Articles: 3
Table of Content



We, Jassim Bin Hamad Al-Thani, Deputy Emir of the State of Qatar,
Having perused the Amended Provisional Constitution in particular Articles 2327 and 34 thereof
Law No. 2 of 1962 regulating the public fiscal policy in Qatar, as amended by Decree-Law No. 19 of 1996;
Decree-Law No. 22 of 1993 organising the Ministry of Finance, Economy and Commerce and assigning the competencies thereof;
The proposal of the Minister of Finance, Economy and Commerce; and
The draft Law submitted by the Council of Ministers;
Hereby promulgate the following:


Articles

Article 1


The Ministry of Finance, Economy and Commerce is authorised to conclude a Loan Agreement in the amount oftwo hundred and fifty million (250 million)U.S. Dollars with Gulf International Bank and Gulf Investment Corporation, in accordance with the conditions stated in the said Agreement.


 

Article 2


1.     The Minister of Finance, Economy and Commerce, the Undersecretary, the Assistant Undersecretary or the Manager of the General Financial Affairs Department in the Ministry, or their delegate, shall be authorised to sign and implement the Loan Agreement referred to in the previous Article.
2.     The Assistant Undersecretary or the Manager of the General Financial Affairs Department in the Ministry, or their delegate, shall be authorised to sign the documents pertaining to the Agreement and to adopt the necessary procedures for its implementation, including the withdrawal of the loan in accordance with the terms set forth therein.


 

Article 3


All competent authorities, each within its jurisdiction, shall enforce this Law which shall come into force from the date of its publication in the Official Gazette.


 


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