26 SEPTEMBER: Sanaa weekly, 17-9-98. [Archives:1998/38/Press Review]

September 21 1998

(Yemeni Armed Forces)   Main Headline:
1- Meeting Joint Somali President, Aideed, President Ali Abdullah Saleh stresses Yemen’s commitment to Somalia’s integrity and stability.
2- Receiving a letter delivered from the President of Iran, President Saleh emphasizes Yemen’s keenness to developing relations with Iran.
3- The Council of Ministers ratifies a $45 million loan agreement with the International Development Agency to finance the Sanaa emergency electricity supply project.
4- Yemenia Airlines makes a criminal complaint against the Aviation Engineers Syndicates for conducting a strike without prior notice, which has been morally and financially detrimental to the company.
5- Minister of Justice denies all allegations of his intended resignation, and announces a comprehensive plan for reforming the judicial system.
6- Minister of Defense discusses landmines, planted by secessionists during the 1994 war, with representatives of UN agencies.
7- New Minister of Religious Guidance and Endowments announces his ministry’s priorities in reviving the mosques’ mission of guiding the public and preserving endowment funds.
8- World Bank and IMF provide Yemen with $100 million soft loans.
Article Summary:
What Impedes National Industry
By Iskander Al-Asbahi
Quality may not be the decisive factor in winning the market. For example, a national factory to produce lubricants was opened in partnership with a famous international manu-facturer. With a capacity of 65,000 tons, oils are produced according to the highest world specifications. Due to unfair competition, the plant, however, is only able to market 6,000 tons. The local market is flooded with smuggled and sub-standard products.
Although the Yemeni Investment Law stipulates tax exemptions for exported Yemeni products, many successful industrial enterprises find it very hard to get tax refunds on their exports.