Yemen Observer

Consumer protection insisted yet again

Sat, 10 May 2008 06:45:30 PST

The Cabinet approved a draft law of consumer protection and referred it to the Parliament for final approval during its regular meeting held on April 29. The draft law was prepared by Ministry of Industry and Trade, in coordination with Yemeni Society for Consumer Protection and representatives from private sector.

Agricultural credit yields production increase

Sat, 10 May 2008 06:43:01 PST

Encouraging agricultural production and increasing the role of agricultural credits are essential for achieving food security, said Mansour al-Hoshabi, Minster of Agriculture, during the launch session of the 17th round of the Near East North Africa Regional Agricultural Credit Association (NENARACA), opened on Monday in Sana’a.

Poverty rate lessens with Yemeni government and GCC support

Sat, 10 May 2008 06:39:11 PST

The general poverty rate declined from 41 percent to 34.5 percent, while food poverty declined from 18 perecnt to 12.5 percent in Yemen, according to official statistics and Amat al-Razaq Humad, Minister of Social Affairs and Labor, during a seminar on poverty in GCC countries, held in Sana’a from May 6 to 8.

WB to support Yemeni port cities

Sat, 10 May 2008 06:36:31 PST

A World Bank delegation, headed by its Advisor for the Port Cities, Sameh Wahbah, discussed the government’s plan for improving Yemeni port cities and the organization support in implementing national strategy for port cities with Minister of Transportation, Khaled al-Wazir, on Monday.

$56 million granted to Yemen by AFESD

Sat, 10 May 2008 06:34:53 PST

The government agreed in its weekly meeting held on Tuesday on two treaties Yemen has signed with the Arab Fund for Economic and Social Development (AFESD).

Saudi company to build twin towers in Aden

Sat, 10 May 2008 06:33:01 PST

The Saudi Dar al-Tahakom Real Estate Company working to finalize the arrangements for constructing two twin trade housing towers in Aden city amounting to $50 million.

Democracy leads to development

Sat, 10 May 2008 03:26:21 PST

Yemen’s initiative to conduct the first governors’ elections represents specific improvement in the path of democratic experience, Abdul-Karim al-Arhabi, Minister of Planning and International Cooperation said.

Stock market to be established in Sana’a

Sat, 10 May 2008 03:24:03 PST

Trade International Company specialized in presenting consultations for buying and selling in the stock market launched for the first time a stock market in Sana’a as a basic step to establish stock exchange in Yemen.

CAC issues new credit cards

Sat, 10 May 2008 03:13:51 PST

Cooperative and Agricultural Credit Bank (CAC) singed a membership agreement in field of issuing gold, silver, and platinum credit cards with the American Express Company on Tuesday.

Agricultural extension essential for production increases

Sat, 03 May 2008 06:11:34 PST

Agricultural extensions have a positive role in improving production of crops and rehabilitation, and training of agricultural extension staff is a fundamental pillar in the process of agricultural development, Dr. Mansour al-Hawshabi, Minister of Agriculture and Irrigation...

Economy resources must be diversified

Sat, 03 May 2008 06:08:21 PST

Exploitation of promising sectors to diversify structure of national economy is essential to reduce dependence on oil as a major resource of exports, Minster of Trade and Industry Dr. Yahya al- Mutawakel said during launch of workshop on development of exports of construction and ornamental stones...

Research center to crack down on illicit imports

Sat, 03 May 2008 06:05:12 PST

The Yemeni Standardizations, Metrology and Quality Control Organization (YSMQCO) has opened new three branches to monitor products which enter to the Yemeni market in conformity with the specifications and standards, as Ahmed al-Beshah, Deputy Director-General of YSMQCO, announced last Saturday.

Government to combat diesel monopoly

Sat, 03 May 2008 06:04:12 PST

The cabinet directed in its weekly meeting on Tuesday the Ministry of the Oil and Minerals to close the petrol stations that monopolize diesel.

Relations between Yemen and Pakistan to enhance

Sat, 03 May 2008 06:03:17 PST

Yemen and Pakistan reviewed documents that will be singed during the round meetings of Yemeni-Pakistani Joint Ministerial Committee to be held on May 6-7 that is looking to enhance the investment, economic, and technical relations between two sides.

Yemen participates in Islamic Economic Forum

Sat, 03 May 2008 06:02:07 PST

Yemen participated in the 4th World Islamic Economic Forum (WIEF), held in Kuwait from April 29 to May 1.

Yemen, Comoros sign agricultural agreement

Sat, 03 May 2008 06:00:57 PST

Ministry of Agriculture and Irrigation and Comoran Ministry of Fishery and Environment signed an agreement concerning agricultural cooperation on Saturday in Sana’a

Japanese assistance to increase

Sat, 03 May 2008 05:59:53 PST

Deputy Premier for Economic Affairs and the Minister of Planning and International Cooperation Abdul-Karim al-Arhabi described his visit to Tokyo which ended on Monday as successful.

Five new centers for child workers to open

Sat, 03 May 2008 05:58:54 PST

Social Affairs and Labor Minister, Amatal-Razzaq Humad, said that Yemen seeks to open new centers of caring child workers in five provinces.

Turkish oil companies want to buy Yemeni gas

Sat, 03 May 2008 05:54:50 PST

Turkish oil companies announced their desire to buy Yemeni gas in the future, Minister of Oil and Minerals Khalid Bahah said in a statement this week.

More than 7,000 development projects implemented by SFD

Sat, 26 Apr 2008 08:29:00 PST

The total projects implemented by the Social Development Fund (SFD) up until the end of 2007 exceeded 7,000 developmental projects at total cost of YR105 billion, while the number of beneficiaries of these projects reached to 14 million people in various governorates.

Draft law to protect national products

Sat, 26 Apr 2008 08:25:42 PST

Yemen has adopted a draft law to protect the national products in an attempt to avoid being affected after it joins the World Trade Organization (WTO), said Hamoud al-Najar, Director of the Coordination and Communication Office with the WTO.

Government puts Gulf investments first

Sat, 26 Apr 2008 08:24:01 PST

Prime Minister Ali Mujawar stated that the government gives high priority to the Gulf investments in areas of services or industrial sectors, during his meeting on Monday with the Yemeni-Saudi Board of Directors of the Local Airline al-Saeeda, headed by the Chairman of the board, Saleh al-Awaji,.

Tourism contribution to GDP reaches $425 million

Sat, 26 Apr 2008 08:22:38 PST

The contribution of the tourism sector to the Gross Domestic Product (GDP) reached to $425 million last year compared to $309 million in 2006, according to official statistics issued by the Ministry of Tourism.

Children workers increase by 300,000

Sat, 26 Apr 2008 08:18:42 PST

The rate of child labor in Yemen increased to 700,000 children in 2007, compared 400,000 children in 2000 who were working unsuitable jobs for their age. An official study has showed that about 700,000 Yemeni children, ages 6 to 14, are working in the streets of main cities because of poverty.

Yemen calls upon UN to face food crises

Sat, 26 Apr 2008 08:17:21 PST

Yemen called the United Nations Conference for Trade and Development (UNCTAD XII) to form a special committee, offering proposals to resolve the food crises and price hike in world markets and to be run under the supervision of the UN General Secretary.