Yemen Business News

The General Holding Corporation for Property Development and Investment "Shibam" has stated that it is to inaugurate during 2010 implementation of five strategic projects in property, service and tourist fields at a total cost of $14.6 billion. According to the...

Senior Operations Manager in the International Finance Corporation (IFC) James Joe Harry has committed to offer $189 million for investment in Yemen in sectors of health, education, services avertable industries, beginning in June 2010.

Tadawul All-Share Index) continues to underperform global markets despite reasonable third quarter results and improving economic conditions. Annual earnings per share growth in the third quarter fell by 33.8 percent, the largest decline since the final quarter of last year....

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...