Business In Brief [Archives:2008/1175/Business & Economy]

July 24 2008

– Transparency International comes to Yemen

In a joint workshop with Yemen's Supreme national Authority for Combatting Corruption, a delegation from the Germany-based Transparency International has indicated that the organization will open an office here in Yemen, and will provide technical support in combatting corruption and transparency measures for all interested parties in Yemen.

– PM Announces New Residential project in Aden

Prime Minister Mujawar has announced a new 8 billion riyal residential project in Aden, named Al-Saleh Residential Project for people with limited income. The first phase of the project includes the construction of 2130 residential units, while the total capacity of the project is 4000 units.

– MoE Inaugurates New Education Project

The Minister of Education Dr. AbdulSalam Al-Jawfi has inaugurated a 20 million dollor Basic Education Support and Training Program, supported by the US Agency for International Development. The new project has a life span of four years, from 2008 to 2012.

– Son of Businessman Kidnapped

Businessman Tawfiq Al-Khamari has called on the authorities to take serious measures regarding the state of lawlessness in the capital city, as his son, Omar, was kidnapped last week by militants in Hadda area in Sana'a, and taken to Bani Dubyan for a ransom. Two months ago the son of another businessman (Al-Komaim) was similarly kidnapped and a random exceeding ten million Riyals was given to the kidnappers to free him.

– Al-Attar Reopens Chinese Restaurants

Director of the General Investment Authority Salah Al-Attar has announced that the two Chinese restaurants shut down by the Virtue committee have been reopened, adding that only government authorities have the right to shut down any business.

– Businessmen Guide is Published

Press In Media Corporation has published the first businessman guide in Yemen, which includes the biographies of 174 businessmen in Yemen and highlights their struggle, business achievements, and success stories. Supervisor of the project AbdulAlim Bagash stated that this report will encourage young entrepreneurs and businessmen to follow suit.