Business in brief [Archives:2006/971/Business & Economy]
Bahah: Yemenizing oil jobs is ministry priority
Aug. 7 – During a coordination meeting between oil exploration, production and oil subcontractors, Minister of Oil and Minerals Khalid Bahah indicated that Yemenizing jobs in the oil sector is a priority for the ministry in order to facilitate creating local expertise and, in turn, local oil exploration and production companies, as well as subcontractors, thus indicating that Yemen plans to repeat the example of Safer Oil Company, the first Yemeni company to undertake oil exploration and production activities.
1,341 hectares allocated
for tourism zone in Aden
Aden's Free Zone Authority has allocated 1,341 hectares of land for establishing a tourism zone to include parks and recreational areas, children's playgrounds, a sports arena and a golf club, as well as six locations for constructing tourism-oriented premises like hotels and resorts, as well as a green belt barrier to protect the zone from environmental hazards, winds and sandstorms from the north.
Businessmen applaud
Saleh's donation
Aug. 6 – The Yemeni Council of Businessmen and Investors has issued a press release applauding President Ali Abdullah Saleh's decision to donate funds the business community raised to support his re-election campaign. So far, more than YR 400 million has been transferred to Yahya Mohammed Abdullah Saleh, the president's nephew and head of the committee to support resistance in Lebanon and Palestine.
Unannounced hike
in foodstuff prices
Aug. 5 – Despite a recent Minister of Trade decree regarding stabilizing grocery and foodstuff prices, numerous items have witnessed price hikes ranging from 5 percent for milk, flour, sugar and mineral water to 35 percent for eggs, leaving consumers to blame middlemen and retailers as consumers learn about government policies and instructions aiming to stabilize grocery and foodstuff prices.
YFMF to hold business
journalism workshop
The Yemeni Women's Media Forum (YFMF) will conduct an Aug. 12-15 workshop to train 30 journalists and media personnel in business journalism. The workshop will focus on developing skills needed to develop a business news story and an understanding of the local economy within both domestic and global contexts.
MATRADE comes to Yemen
The National Trade Promotion Agency of Malaysia will participate in the Aug. 13-18 Sana'a International Exhibition, organized by Apollo International Exhibitions, promoting more than 100 Malaysian companies' products, including foodstuffs, furniture, building materials, apparel, household and catering equipment and industrial chemicals, among others. The annual exhibition is considered one of Yemen's largest business and trade events, as many international firms and organizations participate in order to locate agents in Yemen and expand their operations into Yemeni markets.
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