In Brief [Archives:2002/15/Business & Economy]

Yemeni Airlines partnership renewed
Yemeni – Saudi Airlines has renewed its partnership, giving 51 percent ownership to the Saudi side and 49 percent for the Yemeni side.
WB supports Women Societies, coastal projects
The World Bank delegation has conducted studies to finance the Yemeni Women societies for the year 2003.
The WB is going to provide the essential services for governmental and non-governmental organizations and develop projects in coastal cities with a view of providing new job opportunities for the unemployed and improving the investment atmosphere in the country.
Yemeni economy indicators
The Cabinet has discussed Yemen’s most recent economic indicators after a report was presented to the Central Bank of Yemen. It related to the Yemeni economy following the September 11 terrorist attacks against the US.
The non-oil local production has reached 4.7% of GDP.
Cabinet is also concentrating on legal procedures to protect banks and people from frauds.
It has approved a policy to assess financial and economic institutions every two years.

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