Business in brief [Archives:2006/977/Business & Economy]

– Upgraded Government Finance Training

Director of the Financial Institute affiliated to the Ministry of Finance stated that over 4000 employees have completed their training in modern accounting and financial management systems to be incorporated in government circles starting 2007. They will use computers and information technology to upgrade the current financial systems.

– National Bank of Qatar in Yemen

The Central Bank of Yemen has agreed to issue a license to the National Bank of Qatar to establish its first branch in Yemen, the bank has capital of US$ 356 million and is expected to spark more competition in Yemen's banking sector. Other regional banks are negotiating their entry into Yemen with the Central Bank.

– Russia to discuss investing

in Yemeni Industrial Zones

The Yemeni-Russian Businessmen Council is to hold its meeting next September in St. Petersburg in order to discuss business partnerships and the option of utilizing Russian expertise in manufacturing and technology in establishing such industries in Yemen's newly established Industrial Zones.

– Yemen exports

agricultural products

Yemen's exports of agricultural products continue to grow reaching 103.000 tons in the first six months of 2006, mainly exported to Saudia Arabia and Jordan. Agricultural products such as Onions, Bananas and Watermelon are the most popular agricultural exports in the region.

– Yemenia Awarded Safety certificate

Yemenia Yemen Airways has been awarded the EASA Part-145 Certificate issued by the European Aviation Safety Agency, indicating the high level of Excellency and commitment to quality Yemenia displays when it comes to its maintenance.
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