Al-Wahda [Archives:2007/1046/Press Review]

April 30 2007

April 25
Main Headlines

– Gulf and Yemeni investors to establish an Islamic bank in Yemen

– Authorities take firm procedures to restrict arm bearing, close arm trade stores

– Intensive arrangements for Yemeni President's Washington-bound visit

– Academics: April 27th is a celebration of democracy, an approach to a proper political life

– HR Minister: Reforming legislations tops our agenda

– General Tax Authority reaches agreement with private sector on sale tax implementation mechanism

– Success of Investment Opportunity Exploration Conference requires us to eliminate obstacles, make dreams come true, Deputy Prime Minister says

The comprehensive political weekly quoted Deputy Prime Minister for Economic Affairs and Minister of Planning and International Cooperation Abdulkarim Al-Arhabi as saying: “The Investment Opportunity Exploration Conference, the activities of which were concluded last Monday, is the first of its kind in terms of the number of investors and participants, particularly those coming from the Gulf Cooperation Council member states.” In a statement to the newspaper, Al-Arhabi confirmed that the conference is not a chance for contact between investors and the Yemeni government, which reviewed its plan concerned with the investment environment.

Al-Arhabi declared that the government is serious to boost investment, attract investors, showed readiness to listen to their concerns and provide them with all the facilities. “The conference is a success story, as the Yemeni government and investors signed several agreements and investment projects worth $4 billion,” the official noted.