World Bank to fund $65m project
The World Bank (WB) has approved to fund a $65 million project to generate much-needed employment and provide urgently needed services in sparsely populated rural settlements and poor urban communities in Yemen. In…
Aden port handles biggest vessel yet
Aden Container Terminal, operated by DP World, received its largest container vessel yet, when the Kota Carum, owned by Singapore-based Pacific International Lines, docked there this week. The 300-metre long, 6,606 TEU (twenty-foot…
Yemen seeks to increase oil, gas investments with China
SANA’A, April 14 (Saba) – Yemen and China discussed here on Saturday the possible means to encourage more Chinese companies to invest in the promising oil, gas and minerals sectors in the country….
IMF approves $93.7m for Yemen
The IMF’s Executive Board has approved a $93.75 million interest-free emergency loan for Yemen to support the Red Sea country’s recovery. The loan will be made under the Rapid Credit Facility, the IMF’s…
International Bank of Yemen Ratings Affirmed
(MENAFN Press) Capital Intelligence (CI), the international credit rating agency, today affirmed the credit ratings of International Bank of Yemen (IBY), based in Sana’a, Yemen. IBY’s Long and Short-Term Foreign Currency Ratings were…
MTN faces challenges in Iran, Syria, Yemen
By Michael Malakata – Economic sanctions and political unrest in Iran, Syria and Yemen are frustrating MTN’s efforts to import network equipment to improve service levels and expand networks in these countries. The…
Total to expand footprint in Yemen
(UPI) — French energy company Total announced it was looking to expand exploration and production activities in Yemen. Total said it acquired a 40 percent stake in an exploration license in Yemen from…
Yemen Tourism Fall After Rising 28% Last Year
Yemen is likely to experience significant drops in tourism this year after three months of anti-government protests. Tourism revenues increased by 28 percent in 2010 to nearly 1.2 billion, news agency run by…
Nexen’s Yemen Operations Hit By Strike
Nexen Inc. (NXY) said oil production in Yemen has been shut down due to a worker strike, and that equipment problems at its offshore oil operations in the North Sea will reduce production…
Businessmen to bid for huge projects in Gül’s visit to Yemen
Some 80 businessmen from the Foreign Economic Relations Board (DEİK) will accompany President Abdullah Gül on his visit to Yemen Jan. 10-11, DEİK said on Sunday. In yesterday’s statement, DEİK also noted that…







