BUSINESSMEN MEET TO DISCUSS THE INVESTMENT FUTURE IN YEMEN 4th BUSINESSMEN CONFERENCE IN ADEN STARTED [Archives:1999/48/Front Page]
ADEN: On Sunday, November 28, 1999 President Ali Abdulla Saleh inaugurated meetings of the 4th conference for businessmen in Aden under the motto “Banking Business in Yemen,” ( Reality- Problems- Horizons), which was organized by the Aden Chamber of Commerce and Industry.
The conference was attended by 400 businessmen, the Central Bank of Yemen and commercial banks. Representatives of the International Bank, Arab Monetary Fund and Arab Labour Organization are also attending the conference.
The conference aims at promoting banking business in Yemen and consolidating the role of banks in economic development. It also aims to develop mechanisms for the financial and monetary policy to prepare a convenient climate for the establishment of a stock market and to set up a reform program for the banking sector. Over four sessions and five premises, the conferees are to discuss more than 21 working papers on importance and reality of banking business in Yemen. The conferees are also to discuss the local, regional and international challenges facing the banking business in Yemen, the subject of establishing a stock market in addition to the program for reforming and developing the banking sector in Yemen.
More than 250 personalities representing various sectors of finance and business along with two global companies, Microsoft and Oracle, are taking part in the conference.
Among the participants are Linda Van Gelder, a senior economist at the World Bank, Dr. Mustafa Qara, head of the foreign loans department, Dr. Uday Qaisour, the economic researcher at the Arab Monetary Fund, Mr Mohammed Alhaj, a senior economist, as well as the assistant director general at the Arab Labour Organization, Mr Ali Sharafuldin.