Business In Brief [Archives:2008/1141/Business & Economy]
– PM: We are keen on improving the investment climate
Prime Minister Mujawar has emphasized that the government is very keen on improving the investment climate in Yemen, in order to attract more investors into Yemen's promising sectors such as Tourism. He stated that while overseeing preparations for the Mukalla investment conference scheduled for next week.
– Exports of Yemeni honey exceed 5,000 tones annually
Minister of Agriculture Mansour Al-Hawshabi has stated that Yemeni exports of honey has exceeded 5,000 tones per year, which is an important indicator that the Yemeni honey is popular and is an important pillar to the agricultural economy. He also stated that the ministry plans to give additional support to the honey production sector in order to boost its growth.
– Ministry of Fisheries to evaluate its activities
Following a decline in fisheries production, the minister of fisheries Mahmoud Saghiri stated that the ministry is examining its executive offices and will hold internal monitoring and evaluation of activities in order to improve efficiency and effectiveness of the ministry in undertaking its operations, with specific emphasis on the operations of field offices in costal areas.
– Sana'a Mayor: We must boost local revenue generation
Mayor of the Sana'a Capital Secretariat Yahya Al-Shoa'aibi stated that his office must boost local revenue generation in order to finance the on-going projects in Sana'a. He stated that local councils have been given the authority to use a part of local revenue to finance community and other needed projects in the city, and therefore should take advantage of this authority.
– Two investment agreements signed for US$ 500 million
An agreement between the General Investment Authority and the Emirates investment group has been signed last week for around US$ 500 million, to construct two residential and commercial neighborhoods in Sana'a.
– Yemen Post Authority grows by 19% in 2007
The Yemen Post Authority annual report stated that the authority's financial transactions during 2007 has increased by 62 million Riyals (19%), where majority of the growth was from the express mail services which has increased by over 50%.
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