Business

Pratt and Whitney share of Yemen Airways order valued at $100m

Yemen Airways has awarded International Aero Engines (IAE) an order for V2500 engines to power 10 Airbus A320 aircraft. The agreement includes a long-term IAE aftermarket services agreement. The value to Pratt &…

GM recalling 1.5M vehicles over fire concerns

General Motors said that it was recalling about 1.5 million vehicles worldwide to address a problem with a heated windshield wiper fluid system that could lead to a fire. The recall affects several…

Yemen launches second LNG production train

BALHAF, June 05 (Saba) – Prime Minister Ali Mujawar officially launched on Saturday the second production train of the Yemeni LNG Project in Balhaf, Shabwa. He delivered a speech saying the project carried…

Yemen LNG revenue seen below target in 2010 –finmin

Revenues from Yemen’s multi-billion dollar Total-led (TOTF.PA) liquefied natural gas (LNG) plant will be less than expected in 2010 due to a delay in the production start-up, the finance minister said on Tuesday….

Taqa Arabia invests in $140m Yemen power project

Taqa Arabia, an energy distribution subsidiary of Citadel Capital, said on Thursday it would install a $140-million power project in Yemen, as part of an expansion strategy in the Middle East and Africa. Construction…

Toyota Expects Higher Profit on Recovery From Recalls

May 11 (Bloomberg) — Toyota Motor Corp., the world’s largest carmaker, forecast profit will rise 48 percent this fiscal year as it recovers from record recalls in North America, its largest market, and…

Yemen, SFD sign $ mln 90 financing agreements

RIYADH, Jan. 25 (Saba) – Yemen and Saudi Fund for Development (SFD) signed in Riyadh the final drafts of financing agreements for a number of development and service projects in Yemen amounting to…

Remarkable cooperation between Yemen, donors in 2009

SANA’A, Jan. 10 (Saba)-The year 2009 witnessed many changes and challenges on the economic scenery of Yemen, like the global financial crisis and the decline of oil prices that have affected the state’s…

Honey domestic consumption increased to YR 3 bln in 2008

SANA’A, Jan.09 (Saba)-The level of the domestic consumption of honey with its two kinds, the natural and commercial, has increased to more than YR 3 billion in 2008 with an average approximate to…

Yemen To Launch Railway Network Linking To Gulf Countries

SANA’A, Jan 18 (Bernama) — Yemeni Transport Minister Khaled Ibrahim al-Wazir said his country will launch a railway linkage project in July to connect its territories with the Gulf Arab countries, its news…

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