Yemen Business News

Wal-Mart recalls Durabrand DVD players Wal-Mart is recalling about 4.2 million Durabrand DVD players because the DVD player's circuit board can overheat, posing a fire and burn hazard to consumers. Wal-Mart has received 14 reports of DVD players overheating, seven...

Mohammed Shamlan, the Fisheries Minister, has exposed a corruption case in the fishery sector, which facilitated the smuggling of more than 40,000 tons of squid during 2007 and 2008 out of Yemen without the payment of production fees...The Minister confirmed...

A number of public, government agencies, private institutions and individuals are indebted to the General Electricity Corporation amounting to more than 17 billion riyals, equivalent to more than $85 million. The small consumers' debt approached YR 9 billion, which are...

During the launch of the economic investment conference titled, Aden: Yemen's gate to the world, Prime Minister Ali Mohammed Mujawar called on both domestic and foreign investors to establish fruitful and effective partnerships in order to take full advantage of...

The IFC Hilal Sukuk is a dollar-denominated $100 million issue, �AAA� rated, with a five-year maturity. While this is a symbolic amount compared to some of the mega-Sukuk, the Hilal Sukuk offered by the IFC sets a milestone for Islamic...

Yemen LNG begins on Saturday exporting its first shipment of natural gas, a load of 149,000 cubic meters via Korean ship, said Amir al-Aidarous, Minister of Oil and Minerals...Al-Aidarous said that the Belhaf project sends a message to the world:...

A report compiled by the Shura Council's Financial Committee has confirmed that the government has failed to appropriately utilize loans and donor grants to carry out various development projects. In a meeting on Monday, October 26th, led by Chairman Abdul...

The General Investment Authority (GIA) published a report concerning Yemen's various investment projects throughout the country.  According to the report, during the 3rd quarter of 2009 the GIA registered thirty one industrial projects, twenty three service projects, six agricultural projects,...