Business In Brief [Archives:2008/1139/Business & Economy]
– CPA: 75% of Yemenis need food aid
Deputy director of the Consumer Protection Agency Fadhl Mansour stated that 75% of the Yemeni people are in dire need for food aid as a result of their inability to afford sufficient foodstuff.
He also demanded that the government makes a direct intervention to reduce the burden on the people either through removal of income tax for lower segments or subsidizing wheat and flour.
– CBY: Yemen's Economic Policy promotes business freedom
Governor of the Central Bank of Yemen Al-Samawi stated that the economic policies of the government aim at providing more economic freedom for the business sector, through reducing financial and monetary restrictions as well as stabilizing the value of the local currency.
– DB World, inc Registered in Aden
Last week, the registration of DB World services corporation was registered in the Aden Free Zone, this company is a joint venture of the Dubai Port Authority and Buqshan, a Saudi investor of Yemeni origin. The company provides a range of services focusing on the trade and maritime industries.
– Turkey to build a vocational training institute worth US$ 1 million
The Ambassador of Turkey to Yemen stated that Turkey will construct a state-of-the-art vocational training institute worth US$ 1 million, in order to help Yemen's economic development, in order to help Yemen learn from the Turkish pioneering example in economic development.
– Felix Airline to buy 8 Canadian Airplanes
Yemen's first domestic air carrier Felix airline has announced a deal to buy eight passenger aircrafts in order to start operations upcoming September. Felix airline's paid up capital stands at US$ 80 million, 75 % of which is owned by the Islamic Corporation for privet sector development, while Yemenia Yemen Airlines owns 25% of the shares.
– Syndicate to protect investors' rights to be formed
Businessman Mahdi BaBakri has stated that efforts are ongoing in order to form the first syndicate with the objective of protecting investors' rights and looking after their interests. BaBakri hopes that the formation of this syndicate will empower investors and will act as a communications channel between investors and the Government of Yemen.
– Hayel Saeed Group organizes CRM workshop
Genpack corporation has organized a customer relationship management workshop for other Hayel Saeed Anam Group of companies and others in order to share lessons learnt and approaches to implementing customer relationship management techniques in the Yemeni Market. Over 70 participants participated in the workshop.
– NDI organizes anti-corruption workshop
The National Democratic Institute has arranged an anti-corruption workshop for civil society organizations in order to build the capacity of the organizations and partnerships to combat corruption, as well as establish a joint work plan for civil society organizations to act as a watchdog in combating corruption.
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