Also seeks loan for Al-Dhale projectCabinet moves to control prices [Archives:2004/787/Business & Economy]

Yemen's parliamentary cabinet has directed the ministry of industry and trade, and the ministry of oil and minerals, to take effective measures to address the problem in prices and supply during Ramadan.
The cabinet insisted on the ministry of industry and trade to observe prices regularly and to stop any unnatural rises or any attempt at monopoly. It also directed the ministry of oil and minerals to apply legal procedures against those who intend to illegally raise gas prices.
Following these directives, Yemen Gas Company formed a team to search and solve any problems in the gas supply. Many field visits were performed by the company teams in collaboration with the responsible authorities to observe the stations and gas-selling shops.
Dr. Najib Al-Awj, Deputy General Executive Director of the company, showed that pointed out tht the company took a number of measurements jointly with the Capital Secretariat and ministry of constructions to ensure obeying the rules to keep it at normal level.
“Some 45,000 gas stalls were distributed in Sana'a although average daily consumption does not exceed 28,000. This step was done to support the daily share of the liquefied gas either in Sana'a or in any other province. Tens of trucks are working daily, providing gas in cities. The working hours of those centers were also extended in Ramadan,” he added.
In other moves, the Cabinet signed with the first letters the agreement of the loan granted to Yemen by the International Fund for Agriculture and Development (IFAD) on July 6. The loan is to share in financing the Society's Resources Management Project in Al-Dhale.
The project, worth $22.8 million, aims at improving the rural living standards in the governorate through ensuring livelihood for the poor, besides adopting a wise use of resources available in agriculture, water and animal wealth.
Moreover, it is intended to reinforce the aspects of getting benefit from the social development plans and improving the targeted abilities of societies in both organizational and productive fields.
The cabinet put emphasis on the necessity for selecting the qualified administration in the committee implementing the project. The committee is to be set up from all concerned authorities.
The cabinet compelled the state minister for parliamentary and Shura Council Affairs to coordinate with the ministers of planning and international cooperation and legal affairs to complete the required procedures for approving the agreement.
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